Weatherford Q4 2024 Earnings Report
Key Takeaways
Weatherford's fourth quarter revenue was $1,341 million, a decrease of 5% sequentially and 2% year-over-year. The company's operating income was $198 million, down 19% sequentially and 8% year-over-year. Net income for the quarter was $112 million, a decrease of 29% sequentially and 20% year-over-year.
Fourth quarter revenue of $1,341 million decreased 5% sequentially and 2% year-over-year.
Fourth quarter operating income of $198 million decreased 19% sequentially and 8% year-over-year.
Fourth quarter net income of $112 million decreased 29% sequentially and 20% year-over-year.
Shareholder return of $67 million for the quarter, which included dividend payments of $18 million and share repurchases of $49 million.
Weatherford
Weatherford
Weatherford Revenue by Segment
Weatherford Revenue by Geographic Location
Forward Guidance
Weatherford is well-positioned to deliver another year of strong cash flow generation in 2025 and remains committed to its goal of achieving EBITDA margins in the high 20’s over the next few years.