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HOUSTON, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a three-year, lump-sum turnkey (LSTK) contract with Saudi Aramco (“Aramco”) to deliver drilling an...
HIGHLIGHTS Three new US based directors appointed to the Board Ms Patricia Mishic O’Brien, Mr H. Keith Jennings, and Mr Graham van’t Hoff appointed Non-Executive Directors Key appointments to help steward the Company to its aspiration of becoming ...
Weatherford International ( NASDAQ: WFRD ) +1.4% pre-market Monday it was awarded a five-year contract exceeding $500M from Oman to deliver integrated drilling services in the Marmul and Grater Saqar fields, with operations expected to begin in the current quarter. W...
HOUSTON, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) received a five-year contract exceeding $500 million from Petroleum Development Oman (“PDO”) to deliver Integrated Drilling Serv...
Summary I am concerned that Weatherford's actual Q3 2022 EBITDA might come in below the sell-side's consensus estimates, as the analysts seem to be overly optimistic about WFRD's profitability improvement. But I have a favorable view of WFRD's capital allocation priorities and geo...
Weatherford International ( NASDAQ: WFRD ) has announced plans to redeem $125M principal amount of its 11.0% senior notes due December 1, 2024. The notes will be redeemed on Nov 17, 2022. CEO Girish Saligram said, "Our focus on free cash flow generation, coupled with t...
HOUSTON, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced it intends to use cash on hand to redeem $125 million principal amount of its 11.0% senior notes due December 1, 2024 on&...
HOUSTON, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced that on October 17, 2022 certain of its wholly-owned subsidiaries entered into a credit agreement, which amended and restated t...
Summary Executing a well-thought-out industry consolidation strategy, Cathedral Energy Services made a total of six acquisitions in the last year or so. The impact of these accretive transactions on its top line, EBITDA and FCF is expected to become apparent when Cathedral reports...
Weatherford and Kwantis to Deliver Data-Driven Drilling Performance Management with Advanced Analytics PR Newswire HOUSTON , Oct. 13, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) (" Weatherford " or the "Company") announces enteri...
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Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-year Operating income of $264 million increased 13% sequentially and 31% year-over-year Net income of $125 million increased 12% seque...
HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Steven Beringhause as a director with a term expirin...