Weatherford International plc
Business
Weatherford International plc is a global energy services company providing equipment and services across the complete well lifecycle—from drilling and evaluation through responsible abandonment—for oil and natural gas exploration and production, plus new energy platforms. The company offers managed pressure drilling, wireline, drilling fluids, tubular running services, cementation, completions, liner hangers, intervention services, artificial lift, digital solutions, and pressure pumping services. Weatherford operates three reportable segments: Drilling and Evaluation, Well Construction and Completions, and Production and Intervention, across approximately 75 countries with approximately 305 operating locations.
Summary from 10-K filed 2026-02-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 4,918 | 5,513 | 5,135 | 4,331 | 3,645 | |
| Research and Development | 108 | 123 | 112 | 90 | 85 | |
| Selling, General and Administrative | 664 | 791 | 804 | 778 | 738 | |
| Gain on Sale of Business | −70 | 0 | −2 | — | 0 | |
| Restructuring Charges | 58 | 42 | 16 | 22 | 0 | |
| Other Charges (Credits), Net | 18 | 14 | −10 | 31 | −10 | |
| Total Costs and Expenses | 4,162 | 4,575 | 4,315 | 3,919 | 3,529 | |
| Operating Income | 756 | 938 | 820 | 412 | 116 | |
| Interest Expense, Net of Interest Income of $46, $56 and $59 | −91 | −102 | −123 | −179 | −260 | |
| Loss on Extinguishment of Debt and Bond Redemption Premium | −39 | −9 | −5 | −5 | −170 | |
| Loss on Blue Chip Swap Securities | −2 | −10 | −57 | 0 | 0 | |
| Other Expense, Net | −70 | −78 | −129 | −95 | −29 | |
| Income Before Income Taxes | 554 | 739 | 506 | 138 | −343 | |
| Income Tax Provision | −97 | −189 | −57 | −87 | −86 | |
| Net Income | 457 | 550 | 449 | 51 | −429 | |
| Net Income Attributable to Noncontrolling Interests | 26 | 44 | 32 | 25 | 21 | |
| Net Income Attributable to Weatherford | 431 | 506 | 417 | 26 | −450 | |
| Basic Income Per Share Attributable to Weatherford (in dollars per share) | 5.96 | 6.93 | 5.79 | 0.37 | −6.43 | |
| Basic Weighted Average Shares Outstanding (in shares) | 72 | 73 | 72 | 71 | 70 | |
| Diluted Income Per Share Attributable to Weatherford (in dollars per share) | 5.93 | 6.75 | 5.66 | 0.36 | −6.43 | |
| Diluted Weighted Average Shares Outstanding (in shares) | 73 | 75 | 74 | 72 | 70 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | 987 | 916 | 958 | 910 | 951 | |
| Restricted Cash | 55 | 59 | 105 | 202 | 162 | |
| Accounts Receivable, Net of Allowance for Credit Losses of $10 at December 31, 2025 and $8 at December 31, 2024 | 1,234 | 1,261 | 1,216 | 989 | 825 | |
| Inventories, Net | 836 | 880 | 788 | 689 | 670 | |
| Other Current Assets | 260 | 286 | 278 | 253 | 303 | |
| Total Current Assets | 3,372 | 3,402 | 3,345 | 3,043 | 2,911 | |
| Property, Plant and Equipment, Net of Accumulated Depreciation of $1,150 at December 31, 2025 and $940 at December 31, 2024 | 1,124 | 1,061 | 957 | 918 | 996 | |
| Intangible Assets, Net of Accumulated Amortization of $828 at December 31, 2025 and $793 at December 31, 2024 | 285 | 325 | 370 | 506 | 657 | |
| Operating Lease Assets | 128 | 124 | 138 | 115 | 113 | |
| Other Non-current Assets | 288 | 247 | 258 | 138 | 97 | |
| Total Assets | 5,197 | 5,159 | 5,068 | 4,720 | 4,774 | |
| Current Portion of Long-term Debt | 30 | 17 | 168 | 45 | — | |
| Accounts Payable | 650 | 792 | 679 | 460 | 380 | |
| Accrued Salaries and Benefits | 285 | 302 | 387 | 367 | 343 | |
| Income Taxes Payable | 129 | 129 | 138 | 141 | 140 | |
| Current Portion of Operating Lease Liabilities | 48 | 44 | 46 | 44 | 59 | |
| Other Current Liabilities | 395 | 412 | 448 | 413 | 398 | |
| Total Current Liabilities | 1,537 | 1,696 | 1,866 | 1,470 | 1,332 | |
| Long-term Debt | 1,455 | 1,617 | 1,715 | 2,203 | 2,416 | |
| Operating Lease Liabilities | 109 | 110 | 131 | 117 | 128 | |
| Non-current Taxes Payable | 242 | 274 | 282 | 251 | — | |
| Other Non-current Liabilities | 158 | 179 | 152 | 128 | 402 | |
| Total Liabilities | 3,501 | 3,876 | 4,146 | 4,169 | 4,278 | |
| Ordinary Shares - Par value $0.001; Authorized 1,356, Issued and Outstanding 71.6 at December 31, 2025 and 72.1 at December 31, 2024 | 0 | 0 | 0 | 0 | 0 | |
| Capital in Excess of Par Value | 2,815 | 2,921 | 2,906 | 2,928 | 2,904 | |
| Retained Deficit | −1,129 | −1,486 | −1,954 | −2,371 | −2,397 | |
| Accumulated Other Comprehensive Income (Loss) | 13 | −150 | −28 | −22 | −35 | |
| Shareholders Equity | 1,699 | 1,285 | 924 | 535 | 472 | |
| Noncontrolling Interests | −3 | −2 | −2 | 16 | 24 | |
| Total Shareholders Equity | 1,696 | 1,283 | 922 | 551 | 496 | |
| Total Liabilities and Shareholders Equity | 5,197 | 5,159 | 5,068 | 4,720 | 4,774 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and Amortization | 267 | 343 | 327 | 349 | 440 | |
| Foreign Exchange Losses | 45 | 56 | 116 | 71 | 9 | |
| Gain on Disposition of Assets | −9 | −35 | −9 | −41 | −22 | |
| Deferred Income Tax Provision (Benefit) | −14 | 8 | −86 | 4 | −10 | |
| Share-Based Compensation | 38 | 45 | 35 | 25 | 25 | |
| Accounts Receivable | 75 | −31 | −221 | −193 | −6 | |
| Inventories | 24 | −112 | −114 | −56 | −18 | |
| Accounts Payable | −131 | 97 | 231 | 84 | 56 | |
| Accrued Salaries and Benefits | −24 | −74 | 20 | 24 | — | |
| Other Changes, Net | 16 | −65 | 29 | 31 | 45 | |
| Net Cash Provided by Operating Activities | 676 | 792 | 832 | 349 | 322 | |
| Capital Expenditures for Property, Plant and Equipment | −226 | −299 | −209 | −132 | −85 | |
| Proceeds from Disposition of Assets | 16 | 31 | 28 | 82 | 41 | |
| Proceeds from Sale of Business | 97 | 0 | 0 | 0 | 0 | |
| Purchases of Blue Chip Swap Securities | −117 | −50 | −110 | 0 | 0 | |
| Proceeds from Sales of Blue Chip Swap Securities | 115 | 40 | 53 | 0 | 0 | |
| Business Acquisitions, Net of Cash Acquired | 0 | −51 | −4 | 0 | — | |
| Proceeds from Sale of Investments | 0 | 41 | 0 | — | — | |
| Other Investing Activities | −30 | −5 | −47 | −4 | −39 | |
| Net Cash Used in Investing Activities | −145 | −293 | −289 | −54 | −83 | |
| Borrowings of Long-term Debt | 1,200 | 0 | 0 | — | — | |
| Debt Issuance Costs | −18 | 0 | 0 | — | — | |
| Repayments of Long-term Debt | −1,388 | −287 | −386 | −198 | −2,313 | |
| Distributions to Noncontrolling Interests | −29 | −39 | −52 | −30 | — | |
| Tax Remittance on Equity Awards | −21 | −31 | −56 | −4 | −1 | |
| Share Repurchases | −101 | −99 | 0 | 0 | — | |
| Dividends Paid | −72 | −36 | 0 | 0 | — | |
| Other Financing Activities | −45 | −19 | −20 | −16 | −10 | |
| Net Cash Used in Financing Activities | −474 | −511 | −514 | −248 | −403 | |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 10 | −76 | −78 | −48 | −8 | |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 67 | −88 | −49 | −1 | −172 | |
| Interest Paid | 125 | 153 | 181 | 220 | 269 | |
| Income Taxes Paid, Net of Refunds | 157 | 168 | 132 | 86 | 62 | |
| Ordinary Shares Issued for Acquisitions | 0 | 79 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Weatherford International plc's CIK number?
Weatherford International plc's SEC CIK number is 0001603923 (1603923). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Weatherford International plc's SEC filings?
All of Weatherford International plc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Weatherford International plc last report earnings?
Weatherford International plc (WFRD) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001603923-26-000041). This is Weatherford International plc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Weatherford International plc's most recent earnings 8-K?
Weatherford International plc's latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0001603923-26-000041. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Weatherford International plc's latest earnings 8-K →
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