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Weatherford International PLC (WFT)

WFT on New York Consolidated

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22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Halliburton announces chief financial officer departure
Monday, 6 Mar 2017 06:08pm EST 

Halliburton Co : Halliburton announces chief financial officer departure . Says Robb Voyles appointed interim CFO . Also announced promotion of Lyn Beaty to senior vice president of finance effective immediately . Halliburton has engaged an executive search firm to conduct a comprehensive search for its next CFO . Says CFO Mark McCollum resigned .McCollum is leaving company effective immediately to become chief executive officer at Weatherford International PLC.  Full Article

Weatherford appoints Mark McCollum as president, CEO and director
Monday, 6 Mar 2017 06:01pm EST 

Weatherford International Plc : Weatherford appoints Mark McCollum as president, CEO and director . Krishna Shivram will be departing as interim chief executive officer effective immediately . William Macaulay has been appointed chairman of board of directors . Says Krishna Shivram will be departing as interim chief executive officer effective immediately .Christoph Bausch, Weatherford's EVP and CFO will serve as acting CEO until McCollum assumes role in permanent capacity.  Full Article

Weatherford reports Q4 loss per share $0.59
Wednesday, 1 Feb 2017 05:45pm EST 

Weatherford International Plc - : Weatherford reports fourth quarter and 2016 annual results . Q4 revenue $1.41 billion versus I/B/E/S view $1.42 billion . Q4 loss per share $0.59 . Q4 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S . Additionally, $39 million of cash severance and restructuring costs were paid this quarter .Qtrly adjusted loss per share $0.32.  Full Article

Weatherford and Nabors form alliance for integrated drilling solutions
Wednesday, 1 Feb 2017 05:25pm EST 

Weatherford International PLC - : Weatherford and Nabors form alliance for integrated drilling solutions .Weatherford International - co, Nabors signed MOU to form alliance for delivering drilling solutions to oil and gas land market in lower 48 states of U.S..  Full Article

Weatherford prices upsized private offering of $540 mln of senior notes
Tuesday, 15 Nov 2016 05:05pm EST 

Weatherford International Plc : Weatherford international - pricing of an upsized private offering of $540 million aggregate principal amount of 9.875% senior notes due 2024 .Weatherford prices upsized private offering of $540 million of senior notes.  Full Article

Weatherford announces private offering of $500 mln of senior notes
Tuesday, 15 Nov 2016 08:12am EST 

Weatherford International Plc : Weatherford International Plc- Purpose of offering is to repay amounts outstanding under Weatherford Bermuda's revolving credit facility . Weatherford International Plc says launch of a private offering of $500 million aggregate principal amount of senior notes due 2024 .Weatherford announces private offering of $500 million of senior notes.  Full Article

Weatherford expects to meet all debt covenants at end of year
Tuesday, 1 Nov 2016 12:31pm EDT 

Weatherford International Plc: Weatherford confirms it remains within debt covenants . Based on current Q4 2016 forecast, expect to meet all debt covenants at end of year .Expect to continue to meet all applicable revolving, term loan revolving, credit facility covenants through remainder of 2017.  Full Article

Weatherford says as of Sept 27, resolved previously disclosed investigation by SEC
Tuesday, 27 Sep 2016 10:54am EDT 

Weatherford International Plc : As of september 27, resolved previously disclosed investigation by securities and exchange commission . Penalty of $50 million due within 21 days and three installments of $30 million due within 120, 240 and 360 days . Investigation concerning accounting issues associated with material weakness in internal control over financial reporting for income taxes . As part of terms of sec settlement, company has also agreed to pay a civil monetary penalty of $140 million .Company to prepare and deliver certain reports to sec for next two years.  Full Article

Weatherford Q2 GAAP loss per share $0.63
Wednesday, 27 Jul 2016 04:15pm EDT 

Weatherford International PLC : "completed 92% of previously announced 8,000 headcount reduction plan" . Qtrly North America revenue declined 26%, outperforming a 35% reduction in average rig count and continued pricing headwinds . Weatherford reports second quarter 2016 results . Q2 revenue $1.4 billion versus I/B/E/S view $1.43 billion . Q2 gaap loss per share $0.63 . Q2 earnings per share view $-0.29 -- Thomson Reuters I/B/E/S ."industry has now hit a bottom on both activity and pricing fronts".  Full Article

Weatherford International and units enter into amendment
Friday, 22 Jul 2016 04:22pm EDT 

Weatherford International Plc : Modified existing senior revolving credit facility to make minor changes to certain terms - SEC filing . Co and its units entered into amendment no. 1 to amended and restated credit agreement with JPMorgan Chase Bank, N.A. .Modified senior revolving credit facility to permit lenders to add up to a maximum of $250 million in additional commitments.  Full Article

More From Around the Web

BRIEF-Weatherford International gives details on CEO's base salary

* Weatherford International Plc says in connection with his appointment as CEO, board approved annual base salary of $1.0 million for Mark Mccollum Source text for Eikon: Further company coverage: