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Weatherford International plc (WFRD)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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42.99+1.04 (+2.48%)
At close: 04:00PM EST
42.40 -0.59 (-1.37%)
After hours: 04:44PM EST
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  • GlobeNewswire

    Weatherford Announces Upgrade in Credit Rating To 'B' From 'B-', Outlook Stable

    HOUSTON, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced the Company’s issuer credit rating has recently been upgraded to 'B' from 'B-' by S&P Global Ratings (“S&P”). S&P based the rating upgrade in part due to improvements in financial performance and liquidity driven by stronger operational performance, the recently announced $400 million credit facility and the series of debt repayment transactions that improved l

  • GlobeNewswire

    Weatherford Partners with Ardyne, Bolstering Plug & Abandonment and Slot Recovery Portfolio

    HOUSTON, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced a strategic partnership with Ardyne, a leader in specialized well-decommissioning technology. This agreement will enable Weatherford and Ardyne to deliver significant value to customers globally by offering the industry’s most comprehensive portfolio of Plug & Abandonment (P&A) and Slot Recovery solutions. The Company will invest in Ardyne’s specialized single-trip a

  • GlobeNewswire

    Weatherford Announces Third Quarter 2022 Results

    Third quarter revenues of $1,120 million, increased 5% sequentially, led by higher Drilling and Evaluation activityNet income was $28 million and operating income was $121 millionAdjusted EBITDA[1] was $214 million, a 19.1% adjusted EBITDA margin with a 160 basis point sequential improvementNet cash provided by operating activities was $160 million and free cash flow[1] was $133 million, primarily driven by higher adjusted EBITDA margins and working capital efficiency Secured significant contrac