---
schema_version: "secwatch.filing_event.v1"
accession: "0001603923-24-000040"
form_type: "8-K"
ticker: "WFRD"
cik: "0001603923"
company_name: "Weatherford International plc"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:08:42.368600+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Weatherford Q4 rev $1.36B (+13% YoY); net income $140M (+94%); closes acquisitions of ISI and Probe

## Summary
- Q4 revenue $1,362M (+13% YoY); net income $140M (+94%); full year revenue $5,135M (+19%).
- Q4 adjusted EBITDA $321M (23.6% margin); full year adjusted EBITDA $1,186M (23.1% margin, highest in 15 yrs).
- Q4 operating cash flow $375M; adjusted free cash flow $315M; full year operating cash flow $832M.
- Closed acquisitions of ISI Holding and Probe Technologies for 844,702 shares plus $6M cash; earn-out up to 30,298 shares and $12M.
- EVP Charles Davison and CPO Joseph Mongrain depart effective Feb 6, 2024; receive benefits under existing plans.

## SEC filing metadata
- accession: 0001603923-24-000040
- form_type: 8-K
- ticker: WFRD
- cik: 0001603923
- company_name: Weatherford International plc
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000040/0001603923-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000040/wfrd-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603923-24-000040
- JSON: https://secwatch.observer/filing/0001603923-24-000040.json
- Plain text: https://secwatch.observer/filing/0001603923-24-000040.txt

## Key facts
- Earnings Releases
  Weatherford International plc reported the fourth quarter ended December 31, 2023 results: revenue $1,362 million, net income $140 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $1,362 million
  - Net income: $140 million
  - Result: reported results
  source text: EARNINGS RELEASE) --- Q4 2023 EARNINGS RELEASE Document Exhibit 99.1 News Release Weatherford Announces Fourth Quarter and Full Year 2023 Results • Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26% • Fourth
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000040/0001603923-24-000040-index.htm
- Earnings Releases
  Weatherford International plc reported the fiscal year ended December 31, 2023 results: revenue $5,135 million, net income $417 million.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $5,135 million
  - Net income: $417 million
  - Result: reported results
  source text: Weatherford Announces Fourth Quarter and Full Year 2023 Results • Fourth quarter revenue of $1,362 million increased 4% sequentially and 13% year-over-year; full year revenue of $5,135 million, increased 19% from prior year, driven by international revenue growth of 26% • Fourth quarter operating income of $216 million decreased 1% sequentially and increased 28%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000040/0001603923-24-000040-index.htm
- Executive change
  Joseph H. Mongrain departed as Chief People Officer at Weatherford International plc.
  - Action: departed
  - Role: Chief People Officer
  source text: The Company today announced the departure of Charles “Chuck” W. Davison, Jr., Executive Vice President and Chief Fulfillment and Enterprise Infrastructure Officer, and Joseph H. Mongrain, Chief People Officer, each to be effective on February 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000040/0001603923-24-000040-index.htm
- Executive change
  Charles "Chuck" W. Davison, Jr. departed as Executive Vice President and Chief Fulfillment and Enterprise Infrastructure Officer at Weatherford International plc.
  - Action: departed
  - Role: Executive Vice President and Chief Fulfillment and Enterprise Infrastructure Officer
  source text: The Company today announced the departure of Charles “Chuck” W. Davison, Jr., Executive Vice President and Chief Fulfillment and Enterprise Infrastructure Officer, and Joseph H. Mongrain, Chief People Officer, each to be effective on February 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000040/0001603923-24-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.