NASDAQ$WFRD
Weatherford International plc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Weatherford reported a decrease in revenue and net income for the fourth quarter of 2024, while full-year revenue and net income increased.
Weatherford announced its fourth quarter and full year 2024 results, with Q4 revenue decreasing 5% sequentially and 2% year-over-year to $1,341 million, and net income falling 29% sequentially and 20% year-over-year to $112 million. Despite the challenging quarter, full year 2024 revenue increased 7% to $5,513 million and net income increased 21% to $506 million, driven by strong international growth and margin expansion.
- Fourth quarter revenue decreased 5% sequentially and 2% year-over-year to $1,341 million.
- Fourth quarter net income was $112 million, an 8.4% margin, decreasing 29% sequentially and 20% year-over-year.
- Full year revenue increased 7% from prior year to $5,513 million, driven by international revenue growth of 10%.
- Full year net income increased 21% from prior year to $506 million, achieving a 9.2% margin.
Headline financials
Revenue & EPS history
Weatherford · Revenue · Quarterly
$1.34B
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 continued strong cash flow generation in 2025, despite temporary activity reductions, and remains committed to achieving high 20s EBITDA margins in the coming years.
Tailwinds
- Well-positioned to deliver another year of strong cash flow generation in 2025.
- Committed to achieving EBITDA margins in the high 20s over the next few years.
- Strong margin expansion and solid cash generation in 2024.
- Best safety record ever achieved in 2024.
- Industry's mid to long-term resilience is still believed to be strong.
Headwinds
- Fourth quarter witnessed a significant drop in activity levels in Latin America.
- More cautious tone in a few key geographies during the fourth quarter.
- Temporary activity reduction is expected.
- The activity outlook continues to evolve, indicating potential uncertainties.
- Lower activity in Latin America impacted DRE and PRI segments.
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 2024
+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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