Weatherford announces first quarter 2022 results

Revenues of $938 million increased 13% year-over-year operating income totaled $18 million and adjusted ebitda[1] totaled $151 million, or 16% adjusted ebitda margins representing increases of 238%, 48% and 380 basis points year-over-year respectively cash used in operating activities was $64 million and negative free cash flow[1] was $64 million mainly driven by working capital requirements innovation focus highlighted with commercialization of new technology and expanded managed pressure drilling and tubular running services offerings otc asia spotlight on new technology award for our memory raptor™ cased-hole evaluation system houston , april 27, 2022 /prnewswire/ -- weatherford international plc (nasdaq: wfrd) ("weatherford" or the "company") announced today its results for the first quarter of 2022. revenues for the first quarter of 2022 were $938 million, an increase of 13% year-over-year and a decrease of 3% sequentially.
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