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Jun 30, 2022
Weatherford Q2 2022 Earnings Report
Weatherford's Q2 2022 performance was marked by revenue growth, improved profitability, and positive free cash flow.
Key Takeaways
Weatherford International plc announced strong second-quarter results, exceeding expectations with sequential growth in revenues, adjusted EBITDA, and free cash flow. The company raised its full-year revenue outlook, expecting mid-teens growth year-over-year.
Revenues increased 13% sequentially, driven by strong international growth.
Operating income reached $104 million, a significant increase from the previous quarter.
Adjusted EBITDA margin expanded to 17.5%, demonstrating improved profitability.
Free cash flow was $59 million, reflecting enhanced collections efficiency.
Weatherford
Weatherford
Weatherford Revenue by Segment
Weatherford Revenue by Geographic Location
Revenue by Segment
DRE Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comME/NA/Asia Revenue
CapyFin.comEurope/SSA/Russia Revenue
CapyFin.com Forward Guidance
Weatherford expects full-year 2022 revenue to grow by mid-teens year-over-year.