Business
Weatherford Announces Second Quarter 2025 Results
Second quarter revenue of $1,204 million increased 1% sequentiallySecond quarter operating income of $237 million increased 67% sequentiallySecond quarter net
About this update from Weatherford International Plc
[{"type":"text","content":"Second quarter revenue of $1,204 million increased 1% sequentiallySecond quarter operating income of $237 million increased 67% sequentiallySecond quarter net income of $136 million increased 79% sequentially; net income margin of 11.3%Second quarter adjusted EBITDA* of $254 million was flat sequentially; adjusted EBITDA margin* of 21.1% decreased 11 basis points sequentiallySecond quarter cash provided by operating activities of $128 million and adjusted free cash flow* of $79 millionRepurchased $27 million of 8.625% Senior Notes due 2030 in the second quarter of 2025Shareholder return of $52 million for the quarter, which included dividend payments of $18 million and share repurchases of $34 millionBoard approved quarterly cash dividend of $0.25 per share, payable on September 4, 2025, to shareholders of record as of August 6, 2025Signed an agreement with Amazon Web Services to migrate and modernize our digital platforms, including the Modern Edge Platform and Unified Data Model, enhancing operational efficiency and data-driven decision-making. The collaboration also boosts Weatherford’s Software Launchpad, offering scalable, cloud-based solutions while ensuring data control and integration flexibility *Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled HOUSTON, July 22, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the second quarter of 2025. Revenues for the second quarter of 2025 were $1,204 million, an increase of 1% sequentially and a decrease of 14% year-over-year. Operating income in the second quarter of 2025 was $237 million, an increase of 67% sequentially and a decrease of 10% year-over-year. Net income in the second quarter of 2025 was $136 million, with a 11.3% margin, an increase of 79%, or 493 basis points, sequentially, and an increase of 9%, or 240 basis points, year-over-year. Adjusted EBITDA* was $254 million, with a 21.1% margin, flat, or a decrease of 11 basis points, sequentially, and a decrease of 30%, or 488 basis points, year-over-year. Basic income per share in the second quarter of 2025 was $1.87, an increase of 81% sequentially and an increase of 10% year-over-year. Diluted income per share in the second quarter of 2025 was $1.87, an incr...