NASDAQ$WFRD

Weatherford International plc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Weatherford's Q2 2022 performance was marked by revenue growth, improved profitability, and positive free cash flow.

Weatherford International plc announced strong second-quarter results, exceeding expectations with sequential growth in revenues, adjusted EBITDA, and free cash flow. The company raised its full-year revenue outlook, expecting mid-teens growth year-over-year.

  • Revenues increased 13% sequentially, driven by strong international growth.
  • Operating income reached $104 million, a significant increase from the previous quarter.
  • Adjusted EBITDA margin expanded to 17.5%, demonstrating improved profitability.
  • Free cash flow was $59 million, reflecting enhanced collections efficiency.

Headline financials

Total Revenue

$1.06B

Previous: $903M+17.8%
EPS (adj)

-$0.11

Previous: -$1.23+91.1%
Adjusted EBITDA Margin

17.5%

No prior period
Capital Expenditures

-$44M

Previous: -$24M-83.3%
Free Cash Flow

-$38M

Previous: -$102M+62.7%
Net Income

$6M

Previous: -$78M+107.7%
Operating Income

$104M

Previous: $25M+316.0%
Gross Profit

$1.06B

Previous: -$22M+4895.5%
Cash & Equivalents

$879M

Previous: $1.22B-27.8%
Total Assets

$4.74B

Previous: $5.16B-8.2%

Revenue & EPS history

Weatherford · Revenue · Quarterly

$1.06B

Q2 2022+17.8%vs Q2 2021
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Revenue by segment

Weatherford · $955M total across 3 segments · Q4 2019

  • Production and Intervention
    $380M
  • Well Construction and Completions
    $292M
  • Drilling and Evaluation
    $283M

Forward guidance

Weatherford expects full-year 2022 revenue to grow by mid-teens year-over-year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+2.5%

Avg return

Earnings day

+5.7%

Avg return

5 days after

+3.4%

Avg return

30 days after

69%

18 / 26 earnings

Positive

+16.0%

Q4 2022

Best reaction

-10.0%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%+10.1%+9.1%
Q4 2025+4.1%+8.6%-5.4%
Q3 2025+0.5%+5.7%+9.9%
Q2 2025-2.1%-0.2%+10.3%
Q1 2025-7.2%-6.3%+1.2%
Q4 2024+0.2%+3.1%-14.0%
Q3 2024-4.2%-5.2%+0.7%
Q2 2024-8.1%-11.2%-21.2%
Q1 2024+8.6%+11.2%-0.3%
Q4 2023+10.7%+13.9%+29.0%
Q3 2023+0.2%+0.6%-0.3%
Q2 2023+5.0%+7.9%+9.1%
Q1 2023-1.6%+3.0%-5.6%
Q4 2022+16.0%+20.3%+13.0%
Q3 2022+7.1%+9.1%+12.7%
Q2 2022+15.0%+23.0%+46.0%
Q1 2022+3.8%-4.9%+3.8%
Q4 2021+1.5%-0.7%-8.4%
Q3 2021-2.5%+11.6%-7.9%
Q2 2021+9.2%+4.4%-3.1%
Q1 2021+9.3%+13.3%-6.2%
Q4 2020-4.7%+7.1%+2.2%
Q3 2020+4.6%
Q2 2020+3.0%
Q1 2020+5.6%
Q4 2019-10.0%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2014
Q1 2015
Q1 2013
Q4 2014
Q3 2013
Q3 2014
Q2 2014
Q4 2012
Q4 2013
Q2 2013
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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