Weatherford Stock Price, News & Analysis

Weatherford International (NASDAQ: WFRD) has increased its previously announced cash tender offer for its 8.625% Senior Notes due 2030. The company has raised the aggregate principal amount that may be purchased to $1.3 billion from the outstanding $1.54 billion of notes.

Noteholders who tender by the Early Tender Deadline of October 3, 2025 will receive $1,023.90 per $1,000 principal amount, including a $30 early tender payment. Those tendering after the early deadline but before the October 21, 2025 expiration will receive $993.90 per $1,000. Settlement dates are set for October 7, 2025 for early tenders and October 23, 2025 for final tenders.

Weatherford International (NASDAQ: WFRD) has announced the pricing of $1.2 billion in Senior Notes due 2033 at a 6.75% interest rate, representing a significant $600 million increase from the initially announced offering size.

The company plans to use the proceeds, along with cash on hand, to fund an upsized tender offer of $1.3 billion for its existing 8.625% Senior Notes due 2030. The notes offering is expected to close on October 6, 2025. While the tender offer is contingent on completing the notes offering, the reverse is not true.

The 2033 Notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

Weatherford International (NASDAQ: WFRD) has announced a cash tender offer to purchase up to $700 million of its 8.625% Senior Notes due 2030. The tender offer includes a Total Consideration of $1,023.90 per $1,000 principal amount for notes tendered by the Early Tender Deadline of October 3, 2025.

The offer features two key periods: Notes tendered by the Early Tender Deadline will receive the full Total Consideration, including a $30.00 Early Tender Payment. Notes tendered after the Early Tender Deadline but before the October 21, 2025 Expiration Date will receive the Tender Offer Consideration of $993.90 per $1,000 principal amount.

The tender offer is contingent upon several conditions, including the successful completion of a concurrent senior notes offering. Wells Fargo Securities is serving as the dealer manager for the transaction.

Weatherford International (NASDAQ: WFRD) has announced a private offering of $600 million senior notes due 2033 through its wholly owned subsidiary Weatherford International Ltd. Simultaneously, the company launched a cash tender offer to purchase up to $700 million of its existing 8.625% Senior Unsecured Notes due 2030.

The company plans to use the proceeds from the 2033 Notes offering combined with cash on hand to fund the tender offer, pay accrued interest on the 2030 Notes, and cover related transaction expenses. The 2033 Notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Weatherford (NASDAQ: WFRD) has announced a significant expansion of its credit facility to $1 billion, marking a $280 million increase from its previous amount. The expanded facility includes a $600 million revolver tranche and $400 million for performance letters of credit, with an accordion feature that could potentially increase commitments to $1.15 billion.

The maturity date has been extended from 2028 to 2030, and the company's pro forma liquidity as of June 2025 stands at $1.5 billion. This expansion strengthens Weatherford's financial position and provides enhanced flexibility for pursuing strategic initiatives.

Weatherford (NASDAQ: WFRD) has secured a significant $147 million, three-year contract from Petrobras to provide Tubular Running Services (TRS) in Brazil. The contract was awarded through an open tender process.

The company will deploy several advanced technologies including Vero™ for connection integrity, Multi Slip System for mixed casing strings, Flush Joint Elevator for enhanced safety, and StringGuard™ for dropped string prevention. This award builds upon Weatherford's decade-long partnership with Petrobras and reinforces its position as a leader in tubular running solutions.

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 its second-quarter 2025 earnings conference call scheduled for Wednesday, July 23, 2025, at 8:30 a.m. Eastern Time. The company will release its Q2 2025 financial results and presentation slides before the call. Investors can join via webcast or by phone using the provided dial-in numbers. A replay will be available until August 6, 2025. Weatherford is a global energy services company operating in 75 countries with 18,000 employees across 320 locations, specializing in innovative energy services that combine proven technologies with advanced digitalization for sustainable solutions.