Weatherford Announces First Quarter 2023 Results
HOUSTON, April 25, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the first quarter of 2023.
- Operating income was $185 million in the first quarter of 2023, compared to $18 million in the first quarter of 2022 and $169 million in the fourth quarter of 2022.
- Capital expenditures were $64 million in the first quarter of 2023, compared to $20 million in the first quarter of 2022 and $49 million in the fourth quarter of 2022.
- Girish Saligram, President and Chief Executive Officer, commented, “The first quarter results are a testament to the unfolding of the next chapter at Weatherford.
- The first quarter results which generated margins ahead of a historic record fourth quarter of 2022, positions us well for 2023.