<p>Weatherford International Plc 最近的财报电话会议传达了平衡的情绪，突出了成就和挑战。尽管公司在某些地区和领域展示了显著的改善，但也面临着重大障碍，特别是在价格压力和付款收集方面。</p>
<h2>拉丁美洲收入改善</h2>
<p>在经历了三个季度的收入下降后，Weatherford International 报告称拉丁美洲的收入环比改善了 10%，主要得益于墨西哥的积极发展。这标志着该地区的显著转变，对公司的整体业绩产生了积极贡献。</p>
<h2>EBITDA 利润率扩张</h2>
<p>尽管面临市场挑战，Weatherford 成功地将其 EBITDA 利润率扩大了超过 70 个基点。这一成就主要归功于有效的成本举措，展示了公司在困难环境中提升盈利能力的能力。</p>
<h2>重要合同获胜</h2>
<p>Weatherford 获得了多个高影响力的合同，包括与巴西的 Petrobras 签署的 1.47 亿美元合同和与罗马尼亚的 Romgaz 签署的 8 年合同。这些胜利凸显了公司的竞争优势和在关键市场持续增长的潜力。</p>
<h2>创新产品发布</h2>
<p>公司推出了超过 20 款新产品和扩展，突出了技术和创新的进步。值得注意的发布包括智能完井和数字产品，强化了 Weatherford 在技术进步方面的领先地位。</p>
<h2>强劲的自由现金流</h2>
<p>Weatherford 产生了 9900 万美元的调整后自由现金流，实现了 36.8% 的转化率。尽管在墨西哥的付款收集方面面临挑战，但这一强劲的现金流表现展示了稳健的财务管理。</p>
<h2>增加股东回报</h2>
<p>公司通过股票回购和分红向股东返还了大约 60% 的自由现金流，反映了对为投资者创造价值的承诺。</p>
<h2>墨西哥付款收集的挑战</h2>
<p>一个关键挑战是来自墨西哥的一家主要客户的付款缺失，这影响了净营运资本的效率，使其从 26.7% 增加到 29.6%。这一问题凸显了改善付款收集策略的必要性。</p>
<h2>价格压力</h2>
<p>Weatherford 在多个市场，特别是在中东和北美，面临着日益上升的价格压力。对无差异产品线的剧烈下降表示担忧，这对维持盈利能力构成挑战。</p>
<h2>美国陆地收入下降</h2>
<p>北美的美国陆地收入出现下降，部分抵消了其他领域的改善。这一下降突显了美国市场持续面临的挑战，需要战略调整。</p>
<h2>市场逆风和疲软</h2>
<p>整体市场仍然疲软，不确定的客户支出趋势影响了 2026 年上半年的同比比较。这种疲软对持续增长构成挑战，需要谨慎应对。</p>
<h2>持续的关税影响</h2>
<p>关税影响导致特定美国产品线的利润率稀释和成本增加，对维持受影响领域的强劲利润率构成挑战。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Weatherford 提供了 Q4 的详细指导，预计收入范围为 12.45 亿美元至 12.8 亿美元，调整后的 EBITDA 预计在 2.74 亿美元至 2.87 亿美元之间。公司预计中东、北非、亚洲和拉丁美洲将实现增长，巴西、北美海上、科威特、阿曼和伊拉克是关键增长领域。尽管面临市场逆风，Weatherford 仍计划将资本支出控制在收入的 3% 到 5% 之间，并改善营运资本效率至 25%。</p>
<p>总之，Weatherford International 的财报电话会议传达了混合的情绪，平衡了显著的成就与重大挑战。公司通过拉丁美洲的收入改善、EBITDA 利润率扩张和创新产品发布展示了韧性。然而，它在价格压力、付款收集和市场疲软方面面临持续挑战。展望未来，Weatherford 仍专注于在关键地区的战略增长和保持强劲的财务管理。</p>

WFRD

<p>Weatherford International 最近的财报电话会议透露了一个平衡的前景，展示了拉丁美洲的改善，收入增长了 10%，EBITDA 利润率扩大，并获得了重要合同。然而，挑战依然存在，包括价格压力、墨西哥的收款问题，以及美国陆地收入的下降。公司产生了 9900 万美元的调整后自由现金流，并向股东返还了 60%。展望未来，Weatherford 预计第四季度收入将在 12.45 亿美元到 12.8 亿美元之间，尽管面临市场逆风，仍将重点关注关键地区的增长</p>

<p>The recent earnings call for Weatherford International Plc presented a balanced sentiment, highlighting both achievements and challenges. While the company showcased notable improvements in certain regions and segments, it also faced significant hurdles, particularly concerning pricing pressures and payment collections.</p>
<div class="lb-trans"><p>Weatherford International Plc 最近的财报电话会议传达了平衡的情绪，突出了成就和挑战。尽管公司在某些地区和领域展示了显著的改善，但也面临着重大障碍，特别是在价格压力和付款收集方面。</p>
</div><h2>Improved Revenue in Latin America</h2>
<div class="lb-trans"><h2>拉丁美洲收入改善</h2>
</div><p>After experiencing three quarters of declining revenue, Weatherford International reported a 10% sequential revenue improvement in Latin America, primarily driven by positive developments in Mexico. This marks a significant turnaround for the region, contributing positively to the company’s overall performance.</p>
<div class="lb-trans"><p>在经历了三个季度的收入下降后，Weatherford International 报告称拉丁美洲的收入环比改善了 10%，主要得益于墨西哥的积极发展。这标志着该地区的显著转变，对公司的整体业绩产生了积极贡献。</p>
</div><h2>EBITDA Margin Expansion</h2>
<div class="lb-trans"><h2>EBITDA 利润率扩张</h2>
</div><p>Despite facing market challenges, Weatherford successfully expanded its EBITDA margin by over 70 basis points. This achievement was largely attributed to effective cost initiatives, showcasing the company’s ability to enhance profitability even in a challenging environment.</p>
<div class="lb-trans"><p>尽管面临市场挑战，Weatherford 成功地将其 EBITDA 利润率扩大了超过 70 个基点。这一成就主要归功于有效的成本举措，展示了公司在困难环境中提升盈利能力的能力。</p>
</div><h2>Significant Contract Wins</h2>
<div class="lb-trans"><h2>重要合同获胜</h2>
</div><p>Weatherford secured several high-impact contracts, including a $147 million deal with Petrobras in Brazil and an 8-year contract with Romgaz in Romania. These wins underscore the company’s competitive edge and potential for sustained growth in key markets.</p>
<div class="lb-trans"><p>Weatherford 获得了多个高影响力的合同，包括与巴西的 Petrobras 签署的 1.47 亿美元合同和与罗马尼亚的 Romgaz 签署的 8 年合同。这些胜利凸显了公司的竞争优势和在关键市场持续增长的潜力。</p>
</div><h2>Innovative Product Launches</h2>
<div class="lb-trans"><h2>创新产品发布</h2>
</div><p>The company launched over 20 new products and extensions, highlighting advancements in technology and innovation. Notable launches included Intelligent Completions and digital products, reinforcing Weatherford’s commitment to leading in technological advancements.</p>
<div class="lb-trans"><p>公司推出了超过 20 款新产品和扩展，突出了技术和创新的进步。值得注意的发布包括智能完井和数字产品，强化了 Weatherford 在技术进步方面的领先地位。</p>
</div><h2>Strong Free Cash Flow</h2>
<div class="lb-trans"><h2>强劲的自由现金流</h2>
</div><p>Weatherford generated $99 million in adjusted free cash flow, achieving a conversion rate of 36.8%. This strong cash flow performance was realized despite challenges in payment collections from Mexico, demonstrating robust financial management.</p>
<div class="lb-trans"><p>Weatherford 产生了 9900 万美元的调整后自由现金流，实现了 36.8% 的转化率。尽管在墨西哥的付款收集方面面临挑战，但这一强劲的现金流表现展示了稳健的财务管理。</p>
</div><h2>Increased Shareholder Returns</h2>
<div class="lb-trans"><h2>增加股东回报</h2>
</div><p>The company returned approximately 60% of its free cash flow to shareholders through share repurchases and dividends, reflecting a commitment to delivering value to its investors.</p>
<div class="lb-trans"><p>公司通过股票回购和分红向股东返还了大约 60% 的自由现金流，反映了对为投资者创造价值的承诺。</p>
</div><h2>Challenges in Payment Collections from Mexico</h2>
<div class="lb-trans"><h2>墨西哥付款收集的挑战</h2>
</div><p>A key challenge highlighted was the lack of payments from a major customer in Mexico, which affected net working capital efficiency, increasing it from 26.7% to 29.6%. This issue underscores the need for improved payment collection strategies.</p>
<div class="lb-trans"><p>一个关键挑战是来自墨西哥的一家主要客户的付款缺失，这影响了净营运资本的效率，使其从 26.7% 增加到 29.6%。这一问题凸显了改善付款收集策略的必要性。</p>
</div><h2>Pricing Pressures</h2>
<div class="lb-trans"><h2>价格压力</h2>
</div><p>Weatherford is experiencing rising pricing pressures in several markets, particularly in the Middle East and North America. Concerns were raised over dramatic drops in undifferentiated product lines, posing a challenge to maintaining profitability.</p>
<div class="lb-trans"><p>Weatherford 在多个市场，特别是在中东和北美，面临着日益上升的价格压力。对无差异产品线的剧烈下降表示担忧，这对维持盈利能力构成挑战。</p>
</div><h2>Revenue Decline in U.S. Land</h2>
<div class="lb-trans"><h2>美国陆地收入下降</h2>
</div><p>North America saw a decline in U.S. land revenue, which partially offset improvements in other areas. This decline highlights the ongoing challenges in the U.S. market, necessitating strategic adjustments.</p>
<div class="lb-trans"><p>北美的美国陆地收入出现下降，部分抵消了其他领域的改善。这一下降突显了美国市场持续面临的挑战，需要战略调整。</p>
</div><h2>Market Headwinds and Softness</h2>
<div class="lb-trans"><h2>市场逆风和疲软</h2>
</div><p>The overall market remains soft, with uncertain customer spending trends affecting year-on-year comparisons for the first half of 2026. This softness presents a challenge for sustained growth and requires careful navigation.</p>
<div class="lb-trans"><p>整体市场仍然疲软，不确定的客户支出趋势影响了 2026 年上半年的同比比较。这种疲软对持续增长构成挑战，需要谨慎应对。</p>
</div><h2>Ongoing Tariff Impacts</h2>
<div class="lb-trans"><h2>持续的关税影响</h2>
</div><p>Tariff impacts have led to margin dilution and increased costs in specific U.S. product lines, posing a challenge to maintaining strong margins in affected areas.</p>
<div class="lb-trans"><p>关税影响导致特定美国产品线的利润率稀释和成本增加，对维持受影响领域的强劲利润率构成挑战。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Weatherford provided detailed guidance for Q4, with expected revenue ranging from $1.245 billion to $1.28 billion and adjusted EBITDA projected between $274 million and $287 million. The company anticipates growth in the Middle East, North Africa, Asia, and Latin America, with Brazil, North America offshore, Kuwait, Oman, and Iraq as key growth areas. Despite market headwinds, Weatherford aims to maintain capital expenditures within 3% to 5% of revenues and improve working capital efficiency towards 25%.</p>
<div class="lb-trans"><p>展望未来，Weatherford 提供了 Q4 的详细指导，预计收入范围为 12.45 亿美元至 12.8 亿美元，调整后的 EBITDA 预计在 2.74 亿美元至 2.87 亿美元之间。公司预计中东、北非、亚洲和拉丁美洲将实现增长，巴西、北美海上、科威特、阿曼和伊拉克是关键增长领域。尽管面临市场逆风，Weatherford 仍计划将资本支出控制在收入的 3% 到 5% 之间，并改善营运资本效率至 25%。</p>
</div><p>In summary, Weatherford International’s earnings call presented a mixed sentiment, balancing notable achievements with significant challenges. The company demonstrated resilience through revenue improvements in Latin America, EBITDA margin expansion, and innovative product launches. However, it faces ongoing challenges with pricing pressures, payment collections, and market softness. Looking forward, Weatherford remains focused on strategic growth in key regions and maintaining strong financial management.</p>
<div class="lb-trans"><p>总之，Weatherford International 的财报电话会议传达了混合的情绪，平衡了显著的成就与重大挑战。公司通过拉丁美洲的收入改善、EBITDA 利润率扩张和创新产品发布展示了韧性。然而，它在价格压力、付款收集和市场疲软方面面临持续挑战。展望未来，Weatherford 仍专注于在关键地区的战略增长和保持强劲的财务管理。</p>
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Weatherford International 的财报电话会议：展望平衡