secwatch.observer — SEC 8-K summary
======================================

Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001603923-24-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q3 revenue $1.409B (+7% YoY); adj. EBITDA margin 25.2%; declares $0.25 dividend
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392324000142/0001603923-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392324000142/wfrd-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001603923-24-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer