Strong Free Cash Flow
Weatherford reported adjusted free cash flow of $66 million for Q1 2025, with a free cash flow conversion rate of 26.1% compared to 24.4% in Q1 2024, driven by strong collections.
Middle East and Asia Growth
Year-on-year growth in the Middle East and Asia regions demonstrated resilience and stability, contributing positively to Weatherford's performance.
Successful Technology Deployments
Weatherford achieved advancements in technology adoption, including the installation of the first OptiROSS RFID Multi-Cycle Sliding Sleeve Valve for Petrobras in Brazil and strong uptake of the ForeSite Power Regenerative variable speed drive in North America.
Portfolio Optimization
Strategic divestitures in Argentina, including the Pressure Pumping and Wireline businesses, are expected to improve portfolio quality and focus on differentiated product lines.
Capital Return Program
Weatherford has paid three quarterly dividends of $0.25 per share and repurchased approximately $152 million worth of shares over the past three quarters.