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Weatherford International Q3 2024 Earnings Report

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$65.48 -4.74 (-6.75%)
As of 02/21/2025 04:00 PM Eastern

Weatherford International EPS Results

Actual EPS
$2.06
Consensus EPS
$1.65
Beat/Miss
Beat by +$0.41
One Year Ago EPS
$1.66

Weatherford International Revenue Results

Actual Revenue
$1.41 billion
Expected Revenue
$1.42 billion
Beat/Miss
Missed by -$15.32 million
YoY Revenue Growth
+7.30%

Weatherford International Announcement Details

Quarter
Q3 2024
Time
Before Market Opens

Weatherford International Earnings Headlines

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Weatherford price target lowered to $82 from $87 at Piper Sandler
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About Weatherford International

Weatherford International (NASDAQ:WFRD), an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and software, automation and flow measurement solutions. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high temperature and high pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open-hole and cased-hole logging services; and intervention and remediation services. Further, it provides tubular handling, management, and connection services; and re-entry, fishing, and well abandonment services, as well as patented bottom hole, tubular-handling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas.

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