The earnings call reflects a mixed sentiment with Weatherford achieving strong full-year EBITDA margins and significant free cash flow generation, while facing revenue declines in key regions like Mexico and Russia and projecting a challenging market outlook for 2025.

Company Guidance

During Weatherford International's fourth quarter and full-year 2024 earnings call, a comprehensive set of metrics and guidance was provided. The company reported a full-year adjusted EBITDA margin of 25.1%, marking the highest in over 15 years, despite a challenging fourth quarter with a 24.3% adjusted EBITDA margin. Weatherford achieved $524 million in adjusted free cash flow, yielding a 37.9% free cash flow conversion rate, with an aim to reach 50% in the long term. Revenue in North America decreased by 2% sequentially, while international revenue was down 6% sequentially and 3% year-over-year, primarily due to lower activity in Latin America, especially in Mexico. However, the company saw growth in the Middle East, North Africa, and Asia, with a 17% year-on-year increase in these regions. For 2025, Weatherford anticipates total international revenues to decline mid-single digits, mainly due to expected significant activity reductions in Mexico and Russia. Nevertheless, excluding these two countries, international revenues are projected to increase by low single digits. The company also highlighted its successful product lines, including a 50% growth in their Wealth Services business over three years. Looking forward, Weatherford expects 2025 revenues to range between $5.1 billion to $5.35 billion, with adjusted EBITDA projected between $1.2 billion and $1.35 billion.

Strong Full-Year Adjusted EBITDA Margins

Weatherford achieved adjusted EBITDA margins exceeding 25% for the full year 2024, marking the highest full-year margin in over 15 years.

Significant Free Cash Flow Generation

The company generated $524 million in adjusted free cash flow for 2024, with a 37.9% free cash flow conversion rate.

Middle East, North Africa, and Asia Growth

The international business grew 10% for the full year, with the Middle East, North Africa, and Asia region showing a 17% year-on-year top-line growth.

Successful Dividend and Share Repurchase Program

Weatherford paid two quarterly dividends of $0.25 per share and repurchased approximately $99 million of shares during the second half of 2024.

Wealth Services Product Line Growth

Weatherford's Wealth Services product line grew over 50% in three years, demonstrating significant growth potential.

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Weatherford International (WFRD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WFRD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 29, 2025	2025 (Q1)	1.00 / -	1.5	―	―	―
Feb 05, 2025	2024 (Q4)	1.35 / 1.50	1.9	-21.05% (-0.40)
Oct 22, 2024	2024 (Q3)	1.67 / 2.06	1.66	24.10% (+0.40)
Jul 23, 2024	2024 (Q2)	1.74 / 1.66	1.12	48.21% (+0.54)
Apr 23, 2024	2024 (Q1)	1.44 / 1.50	0.97	54.64% (+0.53)
Feb 06, 2024	2023 (Q4)	1.36 / 1.90	1.12	69.64% (+0.78)
Oct 24, 2023	2023 (Q3)	1.15 / 1.66	0.4	315.00% (+1.26)
Jul 25, 2023	2023 (Q2)	1.13 / 1.12	-0.11	1118.18% (+1.23)
Apr 25, 2023	2023 (Q1)	0.85 / 0.97	-0.59	264.41% (+1.56)
Feb 07, 2023	2022 (Q4)	0.72 / 1.12	-0.63	277.78% (+1.75)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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WFRD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2025	$65.25	$65.36	+0.17%
Oct 22, 2024	$83.71	$80.91	-3.34%
Jul 23, 2024	$133.07	$120.90	-9.15%
Apr 23, 2024	$117.46	$124.34	+5.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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