earnings
confidence high
sentiment neutral
materiality 0.75
Weatherford Q2 revenue $1.105B, net income $39M; acquires NCS Multistage
Weatherford International plc
- Revenue $1,105M (-4% seq); operating income $107M (-13% seq); net income $39M (-64% seq).
- Adjusted EBITDA $223M (20.2% margin, -4 bps seq); cash from ops $175M; adj. free cash flow $139M.
- Shareholder return $36M: $20M dividends, $16M buybacks.
- Announced acquisition of NCS Multistage (stock-and-cash) to expand well completions portfolio.
- Updated plan to redomesticate to Delaware; awarded MPD contracts from Noble, Constellation, Ventura.