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Jun 30, 2021
Weatherford Q2 2021 Earnings Report
Weatherford's Q2 2021 performance saw revenue growth and improved profitability.
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.
Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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