STOCK TITAN
  1. Home
  2. News
  3. WFRD

Weatherford International plc - WFRD STOCK NEWS

Welcome to our dedicated news page for Weatherford International plc (Ticker: WFRD), a resource for investors and traders seeking the latest updates and insights on Weatherford International plc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Weatherford International plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Weatherford International plc's position in the market.

News
Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance
Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) announced its first quarter 2024 results, with revenue up 15% year-over-year to $1,358 million. Operating income increased by 26%, and net income rose by 56%. Adjusted EBITDA reached $336 million, the highest in over 15 years. The company also expanded its Credit Facility to $680 million. Weatherford's full-year margin guidance was raised to 25% for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.86%
Tags
earnings
-
News
Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028
Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) has increased its Credit Facility by $130 million to $680 million, with additional lenders. The Company also plans to redeem all of its 6.50% Senior Notes due 2028, totaling $81,502,600. The CEO highlighted the progress in fortifying the capital structure, reducing debt by $1 billion in less than three years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.86%
Tags
none
-
News
Weatherford Releases 2023 Digital Annual Update
Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) released its 2023 Annual Update, showcasing exceptional market performance, new technology developments, and strategic acquisitions. The Company's focus on creating long-term value for customers and investors sets the stage for sustainable growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
Tags
none
News
Weatherford Announces First-Quarter 2024 Conference Call
Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) will host a conference call on April 24, 2024, to discuss its first-quarter results. The call will start at 8:30 a.m. ET. Participants can join via webcast or phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
none
-
News
Weatherford Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) announced its fourth quarter and full year 2023 results, showing a 4% sequential and 13% year-over-year increase in fourth quarter revenue, and a 19% increase in full year revenue. Operating income increased by 28% year-over-year, and net income by 94% year-over-year. The company also received credit rating upgrades and closed acquisitions of specialty technology companies, highlighting growth prospects. The company's President and CEO commented on the record-setting 2023 results and strategic acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.14%
Tags
earnings
-
News
Weatherford Announces Fourth-Quarter and Full-Year 2023 Conference Call
Rhea-AI Summary
Weatherford International plc (WFRD) will host a conference call on February 7, 2024, to discuss the Company’s results for the fourth quarter and full year ended December 31, 2023. Listeners can participate in the conference call via a live webcast or by dialing in. The associated presentation slides will be uploaded to the investor relations section of the Weatherford website. A telephonic replay of the conference call will be available until February 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Weatherford Awarded 10K DPR Intervention Services Contract with Petrobras
Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) has secured a five-year contract with Petróleo Brasileiro S.A. (Petrobras) in Brazil to provide Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services. The contract, commencing March 2025, will replace a current six-system contract and will incorporate Weatherford's industry-leading Intervention Workover Control Systems (IWOCS) and cutting-edge digitalization solution, the Centro™ well construction optimization platform. Weatherford President and CEO, Girish Saligram, expressed satisfaction in winning another Petrobras contract, emphasizing the strength of their Brazilian operations and the opportunity to extend the productive life of Petrobras' assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.91%
Tags
none
-
News
Ascent Industries Appoints John W. "Wes" Johnson as President of Ascent Tubular
Rhea-AI Summary
Ascent Industries Co. (Nasdaq: ACNT) has appointed John W. Johnson as president of Ascent Tubular, bringing over 20 years of leadership experience in global industrial-focused companies. With a proven track record of implementing successful transformation strategies, Mr. Johnson aims to drive improved financial performance for Ascent Tubular. His appointment reflects Ascent's commitment to strengthening operational leadership and driving profitability across the organization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
management
-
News
Weatherford Hosts FWRD Digital Conference Introducing Cutting-Edge Technology
Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) commenced its 19th annual FWRD Digital Conference, focusing on industry digitalization, AI, and decarbonization solutions for the energy sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
none
News
Weatherford Announces Agreement with Honeywell to Deliver Advanced Emissions Management Solution
Rhea-AI Summary
Weatherford International plc (NASDAQ: WFRD) has signed an MOU with Honeywell to deliver a combined CygNet™ SCADA and Honeywell Emissions Management suite for advanced emissions management. The integrated system aims to facilitate immediate access to essential data, empower decision-makers to act swiftly to mitigate risks, and enhance operational efficiency to achieve decarbonization targets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.32%
Tags
none
Stock WFRD logo
Weatherford International plc

Nasdaq:WFRD

WFRD Rankings

#844 Ranked by Market Cap
#96 Ranked by Stock Gains
N/A Ranked by Dividends

WFRD Stock Data

8.51B
70.89M
2.06%
100.96%
3.84%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
Link
Ireland
Dublin 2

About WFRD

weatherford is one of the largest multinational oilfield services companies. our product and service portfolio spans the life cycle of the well, and includes capability in drilling and formation evaluation, well construction, and completion. the company provides innovative solutions, technology, and services to the oil and gas industry, and operates in over 100 countries. for more information, please visit www.weatherford.com