Weatherford International Plc current report, 17 February 2021

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Business Context and Reporting Period

Company: Weatherford International plc
Filing Type: Form 8-K (Current Report)
Date of Report: February 17, 2021
Reporting Period: Fourth quarter and full year ended December 31, 2020

This filing serves as a notification that the Company issued a news release announcing its financial results for the fourth quarter and the year ended December 31, 2020. The full details of these results are contained in the news release furnished as Exhibit 99.1, which is incorporated by reference into this filing.

Key Financial Metrics

The provided text is a procedural Form 8-K and does not contain specific financial data points. It references an external news release (Exhibit 99.1) for the actual figures. Consequently, the following metrics are not available in this document:

  • Revenue: Not provided in this text.
  • Profit/Loss: Not provided in this text.
  • Cash Flow: Not provided in this text.
  • Margins: Not provided in this text.
  • Debt and Liquidity: Not provided in this text.

Material Changes

The filing text does not provide specific comparative data or describe material changes versus the prior comparable period. It only confirms that results for the fourth quarter and full year 2020 have been announced.

Guidance, Outlook, and Management Commentary

Management Commentary: The Company announced results via a news release and scheduled a conference call to discuss the fourth quarter and full-year 2020 performance.
Conference Call Details:

  • Date: Thursday, February 18, 2021
  • Time: 9:00 a.m. Eastern Time (8:00 a.m. Central Time)
  • Access: Live webcast available on the Company's website; dial-in numbers provided for U.S. and international listeners.
  • Replay: Available until March 4, 2021, at 5:00 p.m. Eastern Time.
Guidance and Risks: No specific forward-looking guidance, risk factors, or contingencies are detailed in this filing text.

Investor Verification Checklist

  • Review Exhibit 99.1: Investors must access the attached news release to obtain actual revenue, profit, and cash flow figures for Q4 and FY 2020.
  • Attend Conference Call: Verify management's commentary on operational performance and future outlook during the call on February 18, 2021.
  • Check Presentation Slides: Download the accompanying slides from the investor relations section of the Company's website for detailed data visualizations.
  • Confirm Filing Date: Ensure the report date of February 17, 2021, aligns with the timing of the earnings announcement.