See more : The Law Debenture Corporation p.l.c. (LWDB.L) Income Statement Analysis – Financial Results
Complete financial analysis of Weatherford International plc (WFRD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Weatherford International plc, a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
You may be interested
- China Master Logistics Co., Ltd. (603967.SS) Income Statement Analysis – Financial Results
- Mercury Laboratories Limited (MERCURYLAB.BO) Income Statement Analysis – Financial Results
- Evonik Industries AG (EVKIY) Income Statement Analysis – Financial Results
- Equinix, Inc. (EQIX) Income Statement Analysis – Financial Results
- Holmen AB (publ) (HOLM-B.ST) Income Statement Analysis – Financial Results
Weatherford International plc (WFRD)
About Weatherford International plc
Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and drill stem test tools, surface well testing, and multiphase flow measurement services. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high-temperature and high-pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed-loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open hole and cased-hole logging services; and intervention and remediation services. Further, the company provides tubular handling, management, and connection services; and re-entry, fishing, wellbore cleaning, and well abandonment services, as well as patented bottom hole, tubularhandling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.14B | 4.33B | 3.65B | 3.69B | 4.95B | 5.74B | 5.70B | 5.75B | 9.43B | 14.91B | 15.26B | 15.22B | 12.99B | 10.21B | 8.83B | 9.60B | 7.83B | 6.58B | 4.33B | 3.13B | 2.59B | 2.33B | 2.33B | 1.81B | 1.24B | 2.01B | 892.30M | 478.00M | 351.60M | 248.50M | 246.00M | 192.30M | 178.00M | 153.10M | 107.90M | 54.20M | 15.30M | 2.50M | 12.60M |
| Cost of Revenue | 3.40B | 3.02B | 2.72B | 2.81B | 3.85B | 4.51B | 4.89B | 5.19B | 8.02B | 11.46B | 12.30B | 11.86B | 1.91B | 8.85B | 6.46B | 6.24B | 5.06B | 4.22B | 2.95B | 2.16B | 1.83B | 1.58B | 1.53B | 1.05B | 727.20M | 1.26B | 606.10M | 356.70M | 241.50M | 166.80M | 169.40M | 140.20M | 125.10M | 107.20M | 72.90M | 34.20M | 10.00M | 800.00K | 1.90M |
| Gross Profit | 1.74B | 1.31B | 929.00M | 878.00M | 1.10B | 1.23B | 810.00M | 560.00M | 1.41B | 3.45B | 2.96B | 3.36B | 11.08B | 1.37B | 2.36B | 3.36B | 2.77B | 2.36B | 1.38B | 973.02M | 760.78M | 746.79M | 800.00M | 759.95M | 513.00M | 754.60M | 286.20M | 121.30M | 110.10M | 81.70M | 76.60M | 52.10M | 52.90M | 45.90M | 35.00M | 20.00M | 5.30M | 1.70M | 10.70M |
| Gross Profit Ratio | 33.89% | 30.27% | 25.49% | 23.83% | 22.22% | 21.41% | 14.21% | 9.74% | 14.97% | 23.14% | 19.40% | 22.08% | 85.26% | 13.37% | 26.78% | 34.98% | 35.42% | 35.89% | 31.91% | 31.07% | 29.36% | 32.07% | 34.35% | 41.89% | 41.36% | 37.53% | 32.07% | 25.38% | 31.31% | 32.88% | 31.14% | 27.09% | 29.72% | 29.98% | 32.44% | 36.90% | 34.64% | 68.00% | 84.92% |
| Research & Development | 112.00M | 90.00M | 85.00M | 97.00M | 136.00M | 139.00M | 158.00M | 159.00M | 231.00M | 290.00M | 265.00M | 257.00M | 244.70M | 214.48M | 194.65M | 192.66M | 169.32M | 149.43M | 107.36M | 83.55M | 82.93M | 79.59M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | -62.00M | 0.00 | 130.00M | 130.00M | 130.00M | 139.00M | 194.00M | 178.00M | 2.04B | 196.00M | 0.00 | 175.17M | 223.17M | 187.08M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 765.00M | 764.00M | 910.00M | 970.00M | 1.35B | 1.73B | 1.73B | 1.59B | 0.00 | 0.00 | 1.24B | 1.08B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 804.00M | 778.00M | -62.00M | 837.00M | 895.00M | 130.00M | 130.00M | 139.00M | 194.00M | 178.00M | 2.04B | 196.00M | 197.68M | 175.17M | 1.47B | 1.27B | 980.80M | 877.31M | 632.16M | 496.13M | 411.14M | 393.63M | 412.06M | 380.07M | 282.10M | 293.40M | 110.50M | 58.20M | 56.90M | 47.90M | 45.70M | 37.30M | 35.00M | 32.10M | 26.00M | 17.80M | 4.90M | 1.30M | 1.50M |
| Other Expenses | 4.00M | 9.00M | -351.00M | -53.00M | -116.00M | -46.00M | -34.00M | -24.00M | 3.00M | -17.00M | -77.00M | -100.00M | 0.00 | 0.00 | 0.00 | -81.34M | 0.00 | -5.83M | 73.66M | -22.41M | -14.95M | 208.19M | -21.53M | 206.63M | 166.70M | 170.70M | 33.70M | 16.80M | 20.80M | 14.30M | 12.30M | 10.50M | 8.00M | 5.70M | 4.00M | 1.60M | 400.00K | 1.70M | 18.50M |
| Operating Expenses | 920.00M | 877.00M | -328.00M | 934.00M | 1.03B | 368.00M | 2.13B | 2.25B | 1.54B | 1.92B | 2.31B | -1.19B | 582.78M | 581.09M | 1.66B | 1.38B | 1.15B | 1.02B | 813.18M | 557.28M | 479.12M | 681.40M | 390.53M | 586.70M | 448.80M | 464.10M | 144.20M | 75.00M | 77.70M | 62.20M | 58.00M | 47.80M | 43.00M | 37.80M | 30.00M | 19.40M | 5.30M | 3.00M | 20.00M |
| Cost & Expenses | 4.32B | 3.90B | -328.00M | 3.74B | 4.88B | 368.00M | 2.13B | 2.25B | 1.54B | 1.92B | 14.61B | -1.19B | 2.50B | 9.43B | 8.12B | 7.62B | 6.21B | 5.24B | 3.76B | 2.72B | 2.31B | 2.26B | 1.92B | 1.64B | 1.18B | 1.72B | 750.30M | 431.70M | 319.20M | 229.00M | 227.40M | 188.00M | 168.10M | 145.00M | 102.90M | 53.60M | 15.30M | 3.80M | 21.90M |
| Interest Income | 59.00M | 31.00M | 260.00M | 251.00M | 374.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.85M | 6.66M | 11.21M | 3.85M | 1.91M | 2.64M | 2.62M | 11.27M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 182.00M | 179.00M | 260.00M | 266.00M | 362.00M | 614.00M | 579.00M | 499.00M | 468.00M | 515.00M | 516.00M | 486.00M | 453.29M | 405.79M | 366.75M | 243.68M | 183.13M | 109.58M | 80.34M | 63.56M | 76.73M | 85.52M | 74.01M | 59.26M | 0.00 | 54.50M | 0.00 | 16.50M | 16.70M | 13.70M | 7.60M | 5.40M | 3.30M | 3.10M | 2.10M | 800.00K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 327.00M | 349.00M | 440.00M | 503.00M | 481.00M | 556.00M | 801.00M | 956.00M | 1.20B | 1.37B | 1.40B | 1.28B | 1.14B | 1.05B | 906.70M | 731.81M | 606.23M | 483.06M | 345.77M | 272.71M | 249.01M | 230.77M | 223.52M | 206.63M | 166.70M | 170.70M | 33.70M | 16.80M | 20.80M | 14.30M | 12.30M | 10.50M | 8.00M | 5.70M | 4.00M | 1.60M | 400.00K | 1.70M | 17.60M |
| EBITDA | 956.00M | 761.00M | 357.00M | -1.05B | 4.66B | -1.59B | -1.28B | -1.42B | -428.00M | 2.51B | 2.05B | 1.48B | 2.34B | 1.71B | 1.64B | 2.69B | 2.23B | 1.84B | 882.88M | 674.98M | 534.97M | 296.16M | 632.99M | 379.88M | 230.90M | 310.70M | 332.80M | 288.90M | 30.40M | 33.80M | 30.90M | 14.80M | 17.90M | 13.80M | 9.00M | 2.20M | -1.00M | 400.00K | 8.30M |
| EBITDA Ratio | 18.62% | 15.38% | 9.79% | -28.36% | 8.09% | -2.11% | -37.95% | -40.93% | -16.29% | 1.05% | 12.95% | 7.17% | 81.60% | 7.68% | 18.25% | 28.23% | 28.59% | 27.91% | 20.37% | 19.60% | 20.95% | 13.05% | 27.16% | 23.91% | 18.14% | 29.73% | 18.59% | 12.85% | 14.93% | 13.32% | 11.83% | 7.12% | 8.93% | -24.82% | 5.93% | 1.11% | -6.54% | -72.00% | 54.76% |
| Operating Income | 820.00M | 317.00M | -83.00M | -1.55B | -46.00M | -2.08B | -2.13B | -2.25B | -1.55B | 505.00M | 523.00M | 298.00M | 1.32B | 781.45M | 703.86M | 1.98B | 1.62B | 1.34B | 569.43M | 415.75M | 281.65M | 65.39M | 409.47M | 173.24M | 64.20M | 290.50M | 142.00M | 46.30M | 32.40M | 19.50M | 18.60M | 4.30M | 9.90M | 8.10M | 5.00M | 600.00K | -1.40M | -1.30M | -9.30M |
| Operating Income Ratio | 15.97% | 7.32% | -2.28% | -42.01% | -0.93% | -36.28% | -37.36% | -39.15% | -16.39% | 3.39% | 3.43% | 1.96% | 10.19% | 7.65% | 7.97% | 20.61% | 20.74% | 20.37% | 13.14% | 13.28% | 10.87% | 2.81% | 17.58% | 9.55% | 5.18% | 14.45% | 15.91% | 9.69% | 9.22% | 7.85% | 7.56% | 2.24% | 5.56% | 5.29% | 4.63% | 1.11% | -9.15% | -52.00% | -73.81% |
| Total Other Income/Expenses | -314.00M | -274.00M | -260.00M | -328.00M | 3.87B | -673.00M | -486.00M | -632.00M | -550.00M | -760.00M | -693.00M | -586.00M | -560.00M | -577.00M | -404.38M | -288.64M | -179.85M | -115.78M | 61.52M | 37.41M | -86.70M | -75.77M | -71.78M | -102.69M | -39.50M | -177.30M | 56.00M | -34.40M | -15.60M | -13.10M | -5.80M | 1.10M | -1.20M | 43.90M | 100.00K | 800.00K | 2.40M | 2.20M | 1.60M |
| Income Before Tax | 506.00M | 138.00M | -343.00M | -1.81B | 3.82B | -2.76B | -2.66B | -2.88B | -2.10B | -255.00M | -170.00M | -288.00M | 764.00M | 211.39M | 299.47M | 1.69B | 1.44B | 1.22B | 624.94M | 430.75M | 194.62M | -10.39M | 337.70M | 70.56M | 24.70M | 99.40M | 128.70M | 31.50M | 16.40M | 6.40M | 12.80M | 5.40M | 8.70M | 52.00M | 5.10M | 1.40M | 1.00M | 900.00K | -7.70M |
| Income Before Tax Ratio | 9.85% | 3.19% | -9.41% | -49.23% | 77.09% | -48.00% | -46.60% | -50.04% | -22.22% | -1.71% | -1.11% | -1.89% | 5.88% | 2.07% | 3.39% | 17.60% | 18.44% | 18.61% | 14.42% | 13.75% | 7.51% | -0.45% | 14.50% | 3.89% | 1.99% | 4.94% | 14.42% | 6.59% | 4.66% | 2.58% | 5.20% | 2.81% | 4.89% | 33.96% | 4.73% | 2.58% | 6.54% | 36.00% | -61.11% |
| Income Tax Expense | 57.00M | 87.00M | 86.00M | 85.00M | 135.00M | 34.00M | 137.00M | 496.00M | -145.00M | 284.00M | 144.00M | 462.00M | 486.00M | 172.08M | 19.55M | 288.81M | 332.76M | 316.52M | 159.17M | 92.67M | 50.60M | -4.36M | 123.05M | 109.45M | 8.50M | 34.60M | 45.00M | 7.00M | 5.10M | 1.80M | 4.90M | 4.20M | 2.80M | 20.40M | 2.20M | 500.00K | 300.00K | 400.00K | -3.60M |
| Net Income | 417.00M | 51.00M | -429.00M | -1.90B | 3.66B | -2.81B | -2.81B | -3.39B | -1.99B | -584.00M | -345.00M | -778.00M | 771.74M | 24.51M | 253.77M | 1.35B | 1.07B | 896.37M | 467.42M | 330.15M | 143.35M | -6.03M | 214.65M | -42.35M | -20.90M | 64.80M | 74.70M | 98.20M | 11.30M | 800.00K | 5.80M | 100.00K | 5.90M | 31.60M | 2.90M | 900.00K | 700.00K | 500.00K | -4.10M |
| Net Income Ratio | 8.12% | 1.18% | -11.77% | -51.53% | 73.90% | -48.94% | -49.36% | -59.00% | -21.04% | -3.92% | -2.26% | -5.11% | 5.94% | 0.24% | 2.87% | 14.10% | 13.67% | 13.62% | 10.79% | 10.54% | 5.53% | -0.26% | 9.22% | -2.33% | -1.69% | 3.22% | 8.37% | 20.54% | 3.21% | 0.32% | 2.36% | 0.05% | 3.31% | 20.64% | 2.69% | 1.66% | 4.58% | 20.00% | -32.54% |
| EPS | 5.79 | 0.72 | -6.13 | -27.13 | 51.93 | -2.82 | -2.84 | -3.82 | -2.55 | -0.75 | -0.45 | -1.02 | 1.03 | 0.03 | 0.12 | 2.04 | 3.16 | 2.59 | 1.56 | 1.23 | 1.13 | -0.05 | 0.47 | -0.10 | -0.05 | 0.17 | 0.49 | 0.46 | 0.10 | 0.02 | -0.02 | 0.00 | 0.07 | 0.39 | 0.04 | 0.01 | 0.01 | 0.01 | -0.05 |
| EPS Diluted | 5.64 | 0.71 | -6.13 | -27.13 | 51.93 | -2.82 | -2.84 | -3.82 | -2.55 | -0.75 | -0.45 | -1.02 | 1.02 | 0.03 | 0.12 | 1.99 | 3.08 | 2.53 | 1.47 | 1.15 | 1.09 | -0.05 | 0.44 | -0.10 | -0.05 | 0.17 | 0.48 | 0.46 | 0.10 | 0.02 | -0.02 | 0.00 | 0.07 | 0.39 | 0.04 | 0.01 | 0.01 | 0.01 | -0.05 |
| Weighted Avg Shares Out | 72.00M | 71.00M | 70.00M | 70.00M | 70.00M | 997.00M | 990.00M | 887.00M | 779.00M | 777.00M | 772.00M | 765.00M | 752.53M | 743.13M | 715.00M | 682.70M | 338.52M | 346.12M | 300.34M | 268.00M | 126.52M | 120.06M | 456.07M | 437.83M | 398.10M | 386.87M | 183.74M | 156.73M | 118.95M | 50.52M | 94.12M | 80.00M | 90.77M | 81.03M | 72.50M | 72.00M | 70.00M | 66.67M | 86.32M |
| Weighted Avg Shares Out (Dil) | 74.00M | 72.00M | 70.00M | 70.00M | 70.00M | 997.00M | 990.00M | 887.00M | 779.00M | 777.00M | 772.00M | 765.00M | 759.57M | 750.13M | 723.00M | 698.18M | 347.76M | 354.83M | 322.29M | 297.37M | 131.76M | 120.06M | 533.02M | 437.83M | 418.00M | 386.87M | 186.78M | 163.40M | 118.95M | 50.52M | 94.12M | 80.00M | 90.77M | 81.03M | 72.50M | 72.00M | 70.00M | 66.67M | 86.32M |
Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance
*Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled
Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028
HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate...
Weatherford Releases 2023 Digital Annual Update
HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions,...
Will Weatherford (WFRD) Beat Estimates Again in Its Next Earnings Report?
Weatherford (WFRD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Weatherford (WFRD) Reports Next Week: Wall Street Expects Earnings Growth
Weatherford (WFRD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wall Street Favorites: 7 Nasdaq Stocks With Strong Buy Ratings for April 2024
When it comes to Nasdaq stocks with strong buy ratings, mega-cap tech stocks may be what may first come to mind. To some extent, this is a correct assumption.
Weatherford (WFRD) Is a Great Choice for 'Trend' Investors, Here's Why
Weatherford (WFRD) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Weatherford Announces First-Quarter 2024 Conference Call
HOUSTON, March 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, April 24, 2024 to discuss the Company's results for the first quarter ended March 31, 2024.
Weatherford International: Not Just Your Father's Fishing Tool Company Anymore
Weatherford International has experienced a significant turnaround since its bankruptcy in 2019, with its stock rising ~50X in the past four years. The company has been exceeding analyst earnings estimates and is expected to continue growing in 2024. Weatherford has...
Weatherford (WFRD) Moves 6.2% Higher: Will This Strength Last?
Weatherford (WFRD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Source: https://incomestatements.info
Category: Stock Reports