{"schema_version":"secwatch.filing_event.v1","accession":"0001603923-24-000080","form_type":"8-K","ticker":"WFRD","cik":"0001603923","company_name":"Weatherford International plc","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.178597+00:00","generated_at":"2026-06-03T11:56:04.057738+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Weatherford Q1 revenue +15% to $1.36B; adj. EBITDA margin 24.7%, raises FY guidance","bullets":["Revenue $1,358M (+15% YoY); international revenue grew 21%.","Operating income $233M (+26%); net income $112M (+56%).","Adjusted EBITDA $336M, margin 24.7% (highest in 15+ years), +206 bps YoY.","Debt repayments of $167M on 6.5% Senior Secured Notes; remaining $82M redeemed post-quarter.","Credit facility expanded to $680M (from $550M); full-year margin guidance raised."],"urls":{"canonical":"https://secwatch.observer/filing/0001603923-24-000080","json":"https://secwatch.observer/filing/0001603923-24-000080.json","markdown":"https://secwatch.observer/filing/0001603923-24-000080.md","text":"https://secwatch.observer/filing/0001603923-24-000080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1603923/000160392324000080/0001603923-24-000080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1603923/000160392324000080/wfrd-20240423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T11:56:04.057738+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"145517540f8d3fa50142d3bffe3af1018f278cac","claim":"Weatherford International plc reported the first quarter ended March 31, 2024 results: revenue $1,358 million, net income $112 million. Guidance raised.","evidence_excerpt":"ews Release Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance • First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21% • First quarter operating income of $233 million increased 26% year-over-year • First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year • First quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-year • Cash provided by operating activities of $131 million, and adjusted free cash flow* of $82 million • Debt repayments of $167 million on our 6.50% Senior Secured Notes in the first quarter of 2024 • Issued notice to redeem the remaining $82 million of our 6.5% Senior Secured Notes, leaving only the $1.6 billion long term notes due 2030 outstanding thereafter • Expanded the si","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1603923/000160392324000080/0001603923-24-000080-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1,358 million"},{"label":"Net income","value":"$112 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}