Weatherford International Plc ( (WFRD) ) has released its Q1 earnings. Here is a breakdown of the information Weatherford International Plc presented to its investors.
Weatherford International Plc is a global energy services company that provides innovative solutions integrating proven technologies with advanced digitalization to optimize resources and maximize value in the oil and gas industry. The company operates in approximately 75 countries with a diverse workforce of around 18,000 employees.
In its first quarter of 2025 earnings report, Weatherford International Plc reported a revenue of $1,193 million, marking a 12% decrease from the previous year. The company also experienced a decline in operating income by 39% and net income by 32% year-over-year. Despite these challenges, Weatherford continued to focus on strategic initiatives, including the sale of its Pressure Pumping business in Argentina and a new strategic agreement with AIQ in Abu Dhabi.
Key financial metrics from the report include an adjusted EBITDA of $253 million, a 21.2% margin, and a cash flow from operating activities of $142 million. Weatherford also returned $71 million to shareholders through dividends and share repurchases. The company secured several international contracts, including an eight-year extension in Kazakhstan and various agreements in the Middle East and South America, showcasing its ongoing global engagement.
The company is navigating a challenging market environment with significant softening in key regions such as Mexico, the UK, and North America. Despite these headwinds, Weatherford remains committed to optimizing its portfolio and enhancing efficiency to drive adjusted free cash flow. The management has scaled back expectations for activity levels but remains confident in improving cash flow conversion for the full year 2025.
Looking ahead, Weatherford aims to continue its focus on capital efficiency and liquidity enhancement to position itself favorably for future market conditions. The company’s strategic initiatives and operational adjustments are expected to support its long-term growth and shareholder value creation.