---
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"
generated_at: "2026-06-03T11:56:04.057738+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Weatherford Q1 revenue +15% to $1.36B; adj. EBITDA margin 24.7%, raises FY guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603923-24-000080
- JSON: https://secwatch.observer/filing/0001603923-24-000080.json
- Plain text: https://secwatch.observer/filing/0001603923-24-000080.txt

## Key facts
- Earnings Releases
  Weatherford International plc reported the first quarter ended March 31, 2024 results: revenue $1,358 million, net income $112 million. Guidance raised.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $1,358 million
  - Net income: $112 million
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000080/0001603923-24-000080-index.htm

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