Weatherford first-quarter revenue falls 12% to $1,193 million; profit drops 32%
Weatherford reported first-quarter 2025 revenue of $1,193 million, down 12% from a year earlier, and net income attributable to the company of $76 million, down 32%. Management said market conditions have skewed more negatively over the past few weeks and that it has scaled back its expectations for customer activity through the rest of 2025.
Key points
- Q1 2025 revenue $1,193 million, down 12% year-over-year; operating income $142 million, down 39%
- Diluted income per share $1.03, compared with $1.50 in Q1 2024
- Management scaled back expectations for activity levels for the rest of 2025 and remains confident in increasing adjusted free cash flow conversion for the full year
- Board declared a $0.25 per share cash dividend, payable June 5, 2025, to holders of record as of May 6, 2025
The filing
Written by AI on Nov 8, 2026, 12:58 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 April 22, 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.