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

Weatherford Q4 net income falls 20% to $112 million; full-year revenue rises 7%

Mixed Impact 3 of 5 earnings Written later

Weatherford reported fourth-quarter 2024 revenue of $1,341 million, down 2% from a year earlier, and net income attributable to the company of $112 million, down 20%. For full-year 2024, revenue rose 7% to $5,513 million and net income rose 21% to $506 million. The Board also declared a $0.25 per share quarterly dividend.

Key points

  • Q4 2024 revenue of $1,341 million fell 5% sequentially and 2% year-over-year; full-year revenue of $5,513 million rose 7%.
  • Q4 2024 diluted income per share was $1.50, compared with $1.90 in Q4 2023; full-year diluted income per share was $6.75, compared with $5.66.
  • CEO Girish Saligram cited a significant drop in activity in Latin America in the fourth quarter; Latin America revenue of $312 million fell 13% sequentially.
  • The Board declared a $0.25 per share dividend, payable March 19, 2025, to shareholders of record as of February 21, 2025.

The filing

CompanyWeatherford International (WFRD)
Form8-K, current report
Filed with the SECFeb 5, 2025, 4:30 PM ET
Accession number0001603923-25-000046

Items reported: 2.02 Results of Operations8.01 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 February 05, 2025.

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.