Strong Adjusted Free Cash Flow
Weatherford generated $79 million of adjusted free cash flow in Q2, with a free cash flow conversion rate of 31.1%, up from 26.1% in Q1 2025.
Successful Capital Return Program
Weatherford paid four quarterly dividends of $0.25 per share and repurchased approximately $186 million worth of shares over the past four quarters.
New High-Impact Contracts
Weatherford secured significant contracts including a 1-year contract with bp in Offshore U.K. and a 3-year contract with Shell in the Gulf of America.
Strong Balance Sheet
Weatherford has approximately $1 billion in cash and liquidity of $1.3 billion, the highest level since emergence, with a net leverage ratio of less than 0.5x.
Improved Cost Structure
Weatherford reduced its headcount by over 1,500 and lowered personnel expenses by more than $125 million, excluding divestitures.