Weatherford International’s 2022 Results Reflect Highest Operational Profitability in Over 10 Years

Weatherford International finished 2022 strong, with fourth-quarter revenue increasing 25% year over year and 8% sequentially. The firmwide operating margin steadily expanded throughout 2022 and exited the year at 14%, quadrupling year over year. We’ll incorporate the firm’s full financial and operating results shortly, but for now, we maintain our no-moat rating, stable moat trend, and $43 fair value estimate.