Weatherford Q2 2021 Earnings Report
Key Takeaways
Weatherford International plc announced its Q2 2021 results, with revenues of $903 million, a 9% sequential increase. The company reported an operating income of $25 million and a net loss of $78 million. Cash flow from operations was $46 million, and free cash flow totaled $48 million.
Revenues increased 9% sequentially, driven by a 12% increase in service revenues.
Operating income totaled $25 million and adjusted EBITDA totaled $136 million, representing 15% adjusted EBITDA margins.
Cash provided by operating activities totaled $46 million and free cash flow totaled $48 million.
Weatherford secured over $270 million in new and extended commercial awards within its market-leading product lines.
Weatherford
Weatherford
Weatherford Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income