Welcome to our dedicated page for Weatherford International plc Ordinary Shares news (Ticker: $WFRD), a resource for investors and traders seeking the latest updates and insights on Weatherford International plc Ordinary Shares stock.
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Weatherford International plc (NASDAQ: WFRD) announced that its issuer credit rating has been upgraded to 'B+' from 'B' by S&P Global Ratings. The upgrade is based on the company's continued debt repayment, improved profitability, and demand conditions. The positive outlook reflects the expectation of further improvements in credit metrics and debt repayment. Girish Saligram, President and CEO of Weatherford, expressed satisfaction with the rating upgrade, stating that it reinforces the company's improvements in operating performance and balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.32%
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Weatherford International plc (NASDAQ: WFRD) has announced that Moody's Investors Service upgraded its Corporate Family Rating to B1 from B2 with a Positive Outlook. This upgrade is a result of the Company reducing its balance sheet debt and growing earnings. The positive outlook indicates strong demand for Weatherford's services and potential for further improvement in its credit profile.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
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Weatherford International plc (NASDAQ: WFRD) has received a credit rating of 'B+' with Stable Outlook from Fitch Ratings. The rating reflects the company's diversification, size, scale, improving margin profile, and debt-focused capital allocation. Girish Saligram, President and CEO of Weatherford, expressed satisfaction with the positive rating and highlighted the continuous improvements in operating performance and balance sheet.
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Rhea-AI Sentiment
End-of-Day
-2.07%
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Weatherford International plc (NASDAQ: WFRD) announced its Q3 2023 results, with revenues of $1.31 billion, up 3% sequentially and 17% YoY. Operating income increased 8% sequentially and 80% YoY. Net income increased 50% sequentially and 339% YoY. Adjusted EBITDA increased 5% sequentially and 43% YoY. Cash provided by operating activities was $172 million. Weatherford also announced a $550 million credit facility and launched the ForeSite® ReGenX-i, the energy industry’s first regenerative variable-speed drive for rod-lift systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
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Weatherford International plc announced a five-year credit facility of $550 million, comprising of $250 million for performance letters of credit and $300 million as a cash revolver. There is also an option for a $200 million accordion. The CEO expressed satisfaction with the milestone, stating that it enhances liquidity and balance sheet flexibility.
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Rhea-AI Sentiment
End-of-Day
0.51%
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Weatherford International plc announces redemption of $50 million of its 6.50% Senior Notes due 2028.
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Rhea-AI Sentiment
End-of-Day
1.25%
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Weatherford International plc will host a conference call on October 25, 2023, to discuss Q3 results. The associated presentation slides will be uploaded to the website. Listeners can participate via webcast or dial-in. A telephonic replay will be available until November 8, 2023.
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Weatherford International plc reported its second quarter 2023 results, with revenues of $1,274 million, a 7% increase sequentially and a 20% increase year-over-year. Operating income was $201 million, compared to $185 million in the previous quarter and $104 million in the same quarter last year. Net income was $82 million, compared to $72 million in the previous quarter and $6 million in the same quarter last year. Adjusted EBITDA was $291 million, an 8% increase sequentially and a 56% increase year-over-year.
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Rhea-AI Sentiment
End-of-Day
3.83%
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Weatherford International has been awarded a five-year contract to provide Intervention Services for Petrobras in Brazil. Weatherford will also provide its digitalization solution, the Centro well construction optimization platform.
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Rhea-AI Sentiment
End-of-Day
3.12%
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Weatherford International plc has released its 2022 Sustainability Report, showcasing its progress in advancing its ESG objectives. The report highlights recent accomplishments and the company's commitment to building a more sustainable world.
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Rhea-AI Sentiment
End-of-Day
5.66%
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Weatherford International plc Ordinary Shares
Nasdaq:WFRD
WFRD Rankings
WFRD Stock Data
8.97B
70.89M
2.06%
100.96%
3.84%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
United States of America
HOUSTON
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