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AI brief of an SEC Form 8-K · Weatherford International (WFRD)

Weatherford Q2 revenue rises 10% to $1.4 billion; net income up 52% to $125 million

Positive Impact 4 of 5 earnings Written later

Weatherford reported second-quarter 2024 revenue of $1.405 billion, up 10% from a year earlier, with net income of $125 million and diluted earnings of $1.66 per share, compared with $1.12 a year earlier. The company also declared its first quarterly dividend of $0.25 per share, authorized a $500 million share repurchase program running through June 2027, and appointed Steven Beringhause to its board. Management reaffirmed expectations for adjusted free cash flow of over $500 million for the full year.

Key points

  • Revenue of $1,405 million, up 10% year over year and 3.5% sequentially; diluted EPS of $1.66 versus $1.12 in Q2 2023
  • Adjusted EBITDA of $365 million, a 26.0% margin; adjusted free cash flow of $96 million
  • Quarterly dividend of $0.25 per share payable September 12, 2024, to holders of record August 13, 2024
  • Steven Beringhause appointed to the board, increasing its size to six directors

The filing

CompanyWeatherford International (WFRD)
Form8-K, current report
Filed with the SECJul 23, 2024, 4:31 PM ET
Accession number0001603923-24-000107

Items reported: 2.02 Results of Operations5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.