NASDAQ$WFRD
Weatherford International plc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Weatherford's Q3 2022 performance was marked by sequential revenue growth and strong free cash flow generation.
Weatherford International plc announced strong Q3 2022 results, with revenues of $1,120 million, a 5% sequential increase. The company reported a net income of $28 million and operating income of $121 million. Adjusted EBITDA was $214 million, representing a 19.1% margin. Free cash flow was $133 million, driven by higher adjusted EBITDA margins and working capital efficiency.
- Revenues increased 5% sequentially to $1,120 million, driven by higher Drilling and Evaluation activity.
- Net income reached $28 million, with operating income at $121 million.
- Adjusted EBITDA was $214 million, with a 19.1% margin, a 160 basis point sequential improvement.
- Free cash flow was $133 million, boosted by higher adjusted EBITDA margins and efficient working capital management.
Headline financials
Revenue & EPS history
Weatherford · Revenue · Quarterly
$1.12B
Revenue by segment
Weatherford · $955M total across 3 segments · Q4 2019
- Production and Intervention$380M—39.8%
- Well Construction and Completions$292M—30.6%
- Drilling and Evaluation$283M—29.6%
Forward guidance
The company expects full-year 2022 revenue to grow by high-teens year-over-year and for EBITDA margins to expand by over 200 basis points year-over-year.
Tailwinds
- Solid execution
- Increased market activity
- Dedicated customer focus
- Strong fundamentals in the macro-environment
- Recently announced contract awards for Aramco and PDO
Headwinds
- Inflationary headwinds
- Geopolitical headwinds
- Potential extended business interruptions due to the Russia-Ukraine conflict
- Sanctions imposed by various countries
- Associated operational and logistical challenges
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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% | — | — | |
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