Weatherford Q3 net income rises 28% to $157 million on 7% higher revenue
Weatherford reported third-quarter 2024 results on October 22, 2024, with revenue of $1,409 million, up 7% from a year earlier, and net income attributable to Weatherford of $157 million, up 28%. Diluted income per share was $2.06, compared with $1.66 in the third quarter of 2023. Management still expects strong revenue growth and adjusted EBITDA margins above 25% for the full year, while citing North America weakness and customer scheduling delays in Latin America.
Key points
- Revenue of $1,409 million, up 7% year over year and 0.3% sequentially.
- Net income attributable to Weatherford of $157 million; diluted income per share of $2.06 versus $1.66 a year earlier.
- Adjusted EBITDA of $355 million, a 25.2% margin, down 3% sequentially but up 16% year over year.
- Board declared a quarterly cash dividend of $0.25 per share, payable December 5, 2024, to shareholders of record as of November 6, 2024.
The filing
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 October 22, 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.