---
schema_version: "secwatch.filing_event.v1"
accession: "0001603923-24-000107"
form_type: "8-K"
ticker: "WFRD"
cik: "0001603923"
company_name: "Weatherford International plc"
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:05:13.036429+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Weatherford Q2 revenue $1.4B up 10% YoY; initiates first-ever dividend and $500M buyback

## Summary
- Revenue $1,405M (+10% YoY); net income $125M (+52% YoY); operating income $264M (+31% YoY).
- Adjusted EBITDA $365M (margin 26.0%, +314 bps YoY); adjusted free cash flow $96M.
- First-ever shareholder return: quarterly dividend $0.25/share ($1 annual), $500M repurchase through June 2027.
- Redeemed 6.5% Senior Secured Notes; net leverage 0.5x; credit facility expanded to $720M.
- Appointed Steven Beringhause to board (now 6 directors); launched ForeSite EDGE 2.0 automation solution.

## SEC filing metadata
- accession: 0001603923-24-000107
- form_type: 8-K
- ticker: WFRD
- cik: 0001603923
- company_name: Weatherford International plc
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000107/0001603923-24-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000107/wfrd-20240723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603923-24-000107
- JSON: https://secwatch.observer/filing/0001603923-24-000107.json
- Plain text: https://secwatch.observer/filing/0001603923-24-000107.txt

## Key facts
- Executive change
  Steven Beringhause was appointed as Director at Weatherford International plc.
  - Action: appointed
  - Role: Director
  source text: On July 23, 2024, the Board increased the size of the Board to six directors and appointed Steven Beringhause to fill the resulting vacancy.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392324000107/0001603923-24-000107-index.htm

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