NASDAQ$WFRD
Weatherford International plc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Weatherford's Q4 2022 results showcased significant growth and profitability improvements.
Weatherford announced strong Q4 2022 results with revenues of $1,209 million, a 25% increase year-over-year, and operating income of $169 million, a 412% increase year-over-year. The company's net income was $72 million, a substantial improvement from the previous year's net loss. Adjusted EBITDA was $266 million, representing a 22.0% margin, and free cash flow was $171 million.
- Revenues increased by 25% year-over-year, reaching $1,209 million.
- Operating income surged by 412% year-over-year to $169 million.
- Net income improved to $72 million, compared to a net loss in the previous year.
- Free cash flow reached $171 million, demonstrating strong financial health.
Headline financials
Revenue & EPS history
Weatherford · Revenue · Quarterly
$1.21B
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 anticipates full year 2023 revenue to grow by low double digits to mid-teens year-over-year and for EBITDA margins to expand at least 100 basis points year-over-year.
Tailwinds
- Full year 2023 revenue is expected to grow by low double digits to mid-teens year-over-year.
- EBITDA margins are projected to expand at least 100 basis points year-over-year.
- The company is shifting from a turnaround phase to a value creating engine.
- Focus remains on margins, cash flow, and positioning the company for long-term success.
- New contracts, technology advancements, and partnerships are expected to impact future performance.
Headwinds
- The sector faces continued inflationary and geopolitical headwinds.
- There are still opportunities to drive additional efficiencies in structure and processes.
- The company's performance is subject to global political, economic, and market conditions.
- The company's performance is subject to the price and demand for oil and natural gas.
- The company's performance is subject to cybersecurity issues and climate change initiatives.
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 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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