Energy services firm Weatherford's Q3 revenue rises, driven by credit facility expansion, contract awards

Overview

• Weatherford Q3 revenue rose 2% sequentially, beating analyst expectations

• Adjusted EBITDA for Q3 increased 6% sequentially, beating analyst estimates

• Net income for Q3 decreased 40% sequentially

Outlook

• Weatherford expects muted activity in early 2026 but positive mid-to-long-term outlook

• Company remains on track to meet full-year 2025 guidance

• Latin America collections impact adjusted free cash flow projections

Result Drivers

• CREDIT FACILITY EXPANSION - Weatherford expanded its credit facility by $280 mln

• TECHNOLOGY INNOVATION - Launch of Industrial Intelligence Digital Portfolio to enhance energy operations through AI and automation

• CONTRACT AWARDS - Secured multiple contracts, including a $147 mln contract with Petrobras for deepwater services

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil related services and equipment peer group is "buy"

• Wall Street's median 12-month price target for Weatherford International PLC is $75.50, about 14% above its October 20 closing price of $64.92

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNXKDxTr

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)