Weatherford International plc (NASDAQ:WFRD) surpassed analyst forecasts with its second-quarter results announced Wednesday, leading to a 3.09% increase in premarket trading.
The oilfield services company posted adjusted earnings per share of $1.87, far exceeding the $0.98 expected by analysts. Revenue totaled $1.2 billion, slightly above the consensus forecast of $1.19 billion, though it reflected a 14% decline compared to the same quarter last year. Despite ongoing industry challenges, Weatherford achieved a modest 1% sequential revenue increase, while operating income soared 67% quarter-over-quarter to $237 million.
“Despite these structural headwinds, the One Weatherford team delivered second-quarter results in line with expectations, reflecting disciplined execution and operational efficiency in a distinctly softer market,” said Girish Saligram, President and CEO.
Net income for the quarter reached $136 million, up 79% sequentially and 9% year-over-year. The company’s net income margin expanded significantly, rising by 493 basis points sequentially to 11.3%. Adjusted EBITDA remained steady at $254 million quarter-over-quarter, maintaining a 21.1% margin, though it declined 30% from the prior year.
During the quarter, Weatherford returned $52 million to shareholders through dividends totaling $18 million and share buybacks amounting to $34 million. The board declared a quarterly cash dividend of $0.25 per share, payable on September 4, 2025.
Looking forward, management pointed out continued sluggishness in activity levels across both North American and international markets. “Expectations for a broader sector recovery have shifted further to the right,” Saligram added, underscoring the company’s commitment to improving adjusted free cash flow conversion through portfolio optimization and cost-efficiency measures.
Weatherford International stock price
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