NASDAQ$WFRD
Weatherford International plc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Announced Q4 and full-year 2020 results, showing sequential revenue growth and improved free cash flow.
Weatherford International plc reported Q4 2020 revenues of $842 million, a 4% sequential increase. The company's operating loss was $107 million, with an adjusted EBITDA of $98 million. Cash flow from operating activities was $22 million, and unlevered free cash flow was $95 million. The company ended the year with $1.3 billion in total cash.
- Q4 2020 revenues increased by 4% sequentially, driven by growth in North America and internationally.
- The company achieved another quarter of double-digit adjusted EBITDA margins.
- Full-year 2020 adjusted EBITDA decrementals were limited to 9% year-on-year.
- Weatherford generated $78 million of positive free cash flow in 2020, an improvement of $950 million year-on-year.
Headline financials
Revenue & EPS history
Weatherford · Revenue · Quarterly
$3.69B
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
Weatherford has built its 2021 cost plan assuming activity levels remain flat versus 2020 exit levels and identified several focus areas to continue driving improvements.
Tailwinds
- Continue to improve our profitability in North America
- Simplify our organization
- Implementing initiatives to improve the variable cost profile of our operations
- Capitalize on our margin improvements
- Remain disciplined when evaluating and allocating capital expenditures
Headwinds
- Continued uncertainty around the timing and magnitude of a recovery
- Due to the COVID-19 pandemic and its impact on economic activity
- Assuming activity levels remain flat versus 2020 exit levels
- Implement new processes to catalyze further working capital efficiencies.
- Achievement of these focus areas is not predicated on a recovery in market activity
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 Q4 2020
+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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