earnings
confidence high
sentiment positive
materiality 0.75
Weatherford Q3 revenue $1.409B (+7% YoY); adj. EBITDA margin 25.2%; declares $0.25 dividend
Weatherford International plc
2024-Q3 EPS reported
$5.25
revenue$4,172,000,000
- Revenues $1,409M (+7% YoY); op income $243M (+11%); net income $157M (+28%); net income margin 11.1%.
- Adjusted EBITDA $355M (+16% YoY); margin 25.2% (+197 bps YoY); cash from ops $262M; adj. free cash flow $184M.
- Credit rating upgraded to BB- by S&P (positive outlook) and Fitch (stable); shareholder returns $68M (dividends $18M + buybacks $50M).
- Board declares quarterly cash dividend $0.25/share, payable Dec 5, 2024 to holders of record Nov 6, 2024.
- Aramco awarded 3-year CPA for cementation, completions, liner hangers; Victus MPD deployed in first two geothermal wells.