Welcome to our dedicated page for Weatherford news (Ticker: WFRD), a resource for investors and traders seeking the latest updates and insights on Weatherford stock.
Weatherford International (WFRD) is a leading global provider of oilfield services, delivering innovative solutions for drilling, well construction, and reservoir evaluation. This page serves as the definitive source for Weatherford-related news, offering investors and industry professionals timely updates on operational developments.
Access curated press releases, earnings announcements, and strategic initiatives directly from the company. Track critical updates including technology launches, partnership agreements, and market expansions across Weatherford's global footprint. Our repository ensures you stay informed about developments in artificial lift systems, tubular running services, and other core operations.
Bookmark this page for streamlined access to Weatherford's official communications, designed to support informed decision-making in the energy sector. Regularly updated content provides clarity on how the company navigates evolving industry challenges through technical expertise and operational excellence.
Weatherford (NASDAQ: WFRD) has secured a significant multi-year contract to provide Managed Pressure Drilling (MPD) services for Woodside Energy's Trion deepwater project in Mexico. The contract initially covers 8 wells with potential expansion to 24 wells.
Weatherford will deploy its Victus™ intelligent MPD system, featuring algorithm-driven pressure control, real-time downhole data automation, and the industry's first field-proven deepwater riser system for floating rigs. The technology aims to enhance drilling safety, efficiency, and performance across multiple well phases.
Weatherford (NASDAQ: WFRD) reported Q2 2025 results with revenue of $1,204 million, up 1% sequentially but down 14% year-over-year. Net income reached $136 million with an 11.3% margin, increasing 79% sequentially. The company achieved adjusted EBITDA of $254 million with a 21.1% margin.
Despite market headwinds and activity slowdown, Weatherford delivered $128 million in operating cash flow and $79 million in adjusted free cash flow. The company returned $52 million to shareholders through dividends ($18M) and share repurchases ($34M). The Board approved a quarterly dividend of $0.25 per share.
Notable developments include a strategic agreement with Amazon Web Services for digital platform migration and multiple contract wins across global markets, including deals with Aramco, Petrobras, and bp UK.
Weatherford International (NASDAQ: WFRD) has announced a strategic partnership with Amazon Web Services (AWS) to enhance its digital transformation initiatives. Under this agreement, AWS becomes Weatherford's preferred cloud provider, supporting the migration and modernization of the company's software and hardware suite. The collaboration focuses on three key areas:
1. Modern Edge Platform integration with CygNet control system
2. Enhancement of Weatherford's Unified Data Model for multi-asset data analysis
3. Improvement of WFRD Software Launchpad for customer application management
The partnership aims to leverage AWS's cloud infrastructure to help Weatherford's customers modernize operations, reduce complexity, and achieve greater autonomy in decision-making while maintaining data control.
Weatherford International (NASDAQ: WFRD) has released its 2024 Sustainability Report, highlighting the company's progress in environmental, social, and governance (ESG) practices. CEO Girish Saligram emphasized the company's commitment to sustainability as a core operational component, focusing on creating a sustainable future through continuous improvement and ambitious target-setting.
Weatherford operates in approximately 75 countries with 18,000 team members representing over 110 nationalities across 320 operating locations. The company specializes in delivering innovative energy services that combine proven technologies with advanced digitalization to create sustainable solutions for maximized value and return on investment.
Weatherford International (NASDAQ: WFRD) has announced the appointment of Anuj Dhruv as Executive Vice President and Chief Financial Officer. The announcement was made by CEO Girish Saligram, who emphasized Dhruv's fresh perspective and proven expertise as valuable additions to the leadership team.
Dhruv's appointment is positioned as a strategic move to enhance Weatherford's focus on delivering high returns for shareholders, leveraging his experience across multiple industries and leadership roles in finance. The company also acknowledged the contributions of outgoing executive Arun Mitra.
Weatherford (NASDAQ: WFRD) reported declining financial results for Q1 2025, with revenue falling 12% year-over-year to $1,193 million. The company's operating income decreased 39% to $142 million, while net income dropped 32% to $76 million with a 6.4% margin.
Key financial metrics include adjusted EBITDA of $253 million (21.2% margin), representing a 25% decrease, and adjusted free cash flow of $66 million. The company returned $71 million to shareholders through $18 million in dividends and $53 million in share repurchases.
The quarter was marked by significant market softening across key geographies, particularly in Mexico, the United Kingdom, and North America. Despite challenges, Weatherford completed the sale of its Pressure Pumping business in Argentina and secured several new contracts, including an eight-year extension in Kazakhstan and a five-year integrated completions contract with PDO Oman.
Weatherford International (NASDAQ: WFRD) has announced a strategic partnership with Abu Dhabi-based AIQ to enhance energy production efficiency through AI technology integration. The collaboration will combine Weatherford's software and hardware solutions with AIQ's AI systems to optimize production workflows and reduce operational downtime.
The partnership focuses on three key areas:
- Modern Edge Integration: Combining AIQ's AI technology with Weatherford's Modern Edge for scalable work processes and autonomous production
- Unified Data Model: Integration of Weatherford's Universal Normalizer with AIQ's capabilities for harmonized multi-asset data analysis
- WFRD Software Launchpad: A comprehensive industrial SaaS platform providing single-point access to all applications
This strategic alliance aims to deliver cutting-edge solutions that enable operators to maximize operational efficiency, enhance automation, and reduce costs in the energy sector.
Weatherford International (NASDAQ: WFRD) has released its 2024 Digital Annual Update, showcasing the company's financial performance and technological innovations throughout the year. The interactive digital report outlines achievements and strategic initiatives aimed at creating long-term value for stakeholders.
CEO Girish Saligram highlighted that 2024 marked a year of significant milestones for Weatherford, featuring record-breaking operational performance and strengthened industry leadership. The company's progress was driven by strategic acquisitions, innovation focus, and commitment to safety and quality standards.
Weatherford International (NASDAQ: WFRD) has scheduled its first-quarter 2025 conference call for Wednesday, April 23, 2025 at 8:30 a.m. Eastern Time. The company will release its Q1 2025 financial results and presentation slides before the call.
Investors can join via webcast or by phone after registering. Dial-in numbers are +1 877-328-5344 (U.S.) or +1 412-902-6762 (international). A replay will be available until May 7, 2025, at +1 877-344-7529 (U.S.) or +1 412-317-0088 (international) using conference number 6907941.
Weatherford is a global energy services provider operating in 75 countries through 330 locations, employing 19,000 team members from over 110 nationalities. The company specializes in integrating proven technologies with advanced digitalization to create sustainable energy solutions.
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