Financial PerformanceWeatherford's 2Q Adjusted Free Cash Flow of $79 million beat the consensus estimate of $67 million, indicating better cash generation than expected.
Guidance And ValuationWeatherford raised the low end of its prior FY25 EBITDA guidance by 4% while maintaining the mid-point, which is considered a positive development for the stock.
Revenue GrowthWeatherford saw a significant revenue increase of 23% quarter-over-quarter in Europe, Sub-Sahara Africa, and Russia on higher activity across all segments.