Stock Data
$2.04 (2.29%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS EQUIPMENT & SERVICES
Weatherford International plc, based in Houston, Texas, is a global leader in providing a wide range of equipment and services for the oil, geothermal, and natural gas industries. Its offerings span from drilling and evaluation to well construction, completions, production, and intervention. The company excels in artificial lift systems, pressure pumping, reservoir stimulation, and offers cutting-edge software and automation solutions. Weatherford is also known for its advanced safety and monitoring systems, efficient flow control technologies, and comprehensive services for well optimization, including directional drilling, logging, and remediation services. Established in 1972, Weatherford has cemented its position as a key player in energy services.
Wintrust Financial is paying out about $37.1 million to shareholders, 55 cents a share, arriving August 20. Banks fill most of today's biggest payments, with Northwest Bancshares and Hope Bancorp close behind.
Weatherford International reports before the bell with oilfield service demand in the crosshairs as competitors warn of softening demand and Middle East tensions escalate.
Weatherford's Middle East operations cratered on Iran conflict turmoil, sending earnings down 39% below consensus to $0.55 per share as the region's revenue plunged 15% year-over-year, though adjusted free cash flow vaulted 76% higher and management expects a gradual recovery once regional tensions ease.
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