Welcome to our dedicated page for Expro Group Holdings Nv news (Ticker: XPRO), a resource for investors and traders seeking the latest updates and insights on Expro Group Holdings Nv stock.
Overview of Expro Group Holdings NV
Expro Group Holdings NV is an established provider of comprehensive well flow management and offshore production solutions within the oil and gas sector. With a robust portfolio spanning the entire well lifecycle, the company delivers integrated services from well construction and flow management to intervention and subsea well access, focusing on technically challenging environments including offshore and deepwater fields.
Core Business and Expertise
The company is renowned for its mission-critical services that address every stage of the well life cycle. Through its specialized offerings in well test and appraisal services, subsea, completion and intervention services, and production optimization, Expro provides solutions that improve measurement, control, and processing capabilities in wells. Its technical expertise supports high-value oil and gas operations, ensuring reliable performance even in the most challenging conditions.
Service Offerings
Expro Group Holdings NV’s service portfolio is organized around several key areas:
- Well Test and Appraisal Services: These services are designed to accurately measure and evaluate well performance from exploration and appraisal stages to mature field production, ensuring optimal flow management and operational insights.
- Subsea, Completion and Intervention Services: Focused on enhancing subsea operations, these interventions support well integrity and provide access solutions, especially in offshore and deepwater environments.
- Production Services: The company’s production optimization services target both onshore and offshore applications, leveraging sophisticated technologies to sustain and improve production efficiency.
Global Operations and Market Segments
Operating on a worldwide scale, Expro Group Holdings NV has segmented its business into distinct regions: North and Latin America (NLA); Europe and Sub-Saharan Africa (ESSA); Middle East and North Africa (MENA); and Asia-Pacific (APAC). This global presence allows the company to provide localized expertise and tailor-made solutions to meet diverse operational challenges. Its primary revenue base, concentrated in the North and Latin America segment, underlines its success in addressing region-specific industry demands while continuing to expand its geographic footprint.
Industry Position and Competitive Landscape
In an industry where technical precision and operational reliability are paramount, Expro has positioned itself as a key player in the field of oil and gas production enhancement. The company’s ability to deliver end-to-end well life cycle management distinguishes it among competitors. While the market is characterized by several specialized service providers, Expro’s comprehensive approach and focus on mission-critical operations set it apart by merging deep expertise with innovative solutions.
Operational Excellence and Technical Innovation
Expro Group Holdings NV demonstrates a profound understanding of the intricacies of well operations. Its technical innovation is evident in the deployment of advanced measurement tools and intervention techniques that support the operational integrity of wells. This commitment to technological advancement helps ensure that their solutions remain effective, even as operational and environmental challenges evolve.
Value Proposition and Business Model
The company’s primary value proposition lies in its ability to enhance the performance and efficiency of oil and gas wells through meticulously engineered services. By integrating specialized local knowledge with global operational standards, Expro addresses both immediate operational challenges and long-term infrastructure needs. The company’s diversified service offerings and global operating model underscore its strategy to offer tailor-made solutions that meet the evolving demands of the energy sector.
Key Takeaways
Expro Group Holdings NV is distinguished by its full-spectrum approach to well flow management, technical excellence in subsea operations, and a proven track record in production optimization. Its detailed service offerings and regional expertise reflect a deep understanding of the operational needs inherent to high-value oil and gas wells. With a strong foothold in offshore and deepwater markets, the company consistently emphasizes professionalism, technical reliability, and operational efficiency in every project handled, making its business model highly resilient and adaptable in a dynamic industry.
Expro (NYSE: XPRO) has secured contracts worth over $10 million USD from OMV Petrom for the Neptun Deep gas project in the Black Sea, Romania. The contracts encompass the provision of subsea landing string, SeaCure® cementing technology, tubular running services, and Coretrax Advance drilling tools.
The Neptun Deep project, positioned as the largest natural gas development in the Romanian Black Sea, is important for Romania's energy supply. As part of its expansion strategy in Romania, Expro has made significant investments including:
- Opening a new office in Bucharest
- Establishing a new operational base
- Implementing a program to expand Romanian-based staff
Expro, with over 8,000 employees operating in approximately 60 countries, provides energy services across the entire well life cycle, including well construction, flow management, subsea well access, and well intervention and integrity solutions.
Expro (NYSE: XPRO) has secured a significant contract to provide Tubular Running Services (TRS) for the Netherlands' first offshore Carbon Capture and Storage (CCS) project. The scope includes recompletion and conversion of legacy offshore gas production wells into CO₂ injection wells, decommissioning shallow wells, and drilling platform slot recovery wells.
The company will deploy its proprietary non-marking TRS technology, specifically designed for corrosion-resistant alloy tubulars in highly corrosive CO₂ environments. This technology aims to maximize pipe longevity and ensure long-term well integrity. The contract reinforces Expro's position in well construction services and demonstrates their commitment to energy transition solutions.
Expro announced its Q4 and full-year 2024 results, reporting Q4 revenue of $437 million, a 3% sequential increase and 7% year-over-year growth. Full-year revenue reached $1,713 million, up 13% from 2023. Q4 Adjusted EBITDA was $100 million, an 18% sequential and year-over-year increase, with a margin of 23%. Full-year Adjusted EBITDA was $347 million, a 40% increase from 2023, with a margin of 20%. Q4 net income was $23 million, compared to a net loss of $12 million in Q4 2023. Full-year net income was $52 million, against a net loss of $23 million in 2023. The Board extended a $100 million stock repurchase program, with 1.2 million shares repurchased in Q4 2024. Expro provided a 2025 outlook, expecting stable to modestly increasing revenues and improved Adjusted EBITDA margins. Key achievements include $314 million in contract wins and notable technology advancements. The company plans for $120-$130 million in capital expenditures for 2025 and reported $185 million in cash and $121 million in debt as of December 31, 2024.
Expro Group Holdings (NYSE: XPRO) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for February 25, 2025, at 10:00 a.m. Central Time. The company will release its financial results press release before market opens on the same day, along with associated presentation slides on their investor relations website.
Participants can pre-register for the call through a dedicated link or dial in directly using provided US (+1 833 470 1428) and International (+1 404 975 4839) numbers with access code 257167. A live webcast will be available on Expro's website, and an audio replay will be accessible for two weeks following the call, both via website and telephone.
Expro (NYSE: XPRO) has secured a contract worth over $10 million for well decommissioning services, focusing on a 52-well plug and abandonment (P&A) campaign. The project combines subsea safety systems and surface processing design for safe well entry and fluid management.
Operating from its Aberdeen hub, Expro will provide surface fluid management equipment and its 7-3/8" large-bore subsea test tree assembly (SSTTA) with surface tree and controls. The company has maintained a 15-year relationship with this client, having been involved in the original construction of many of these wells. The contract highlights Expro's capability to deliver solutions across the entire well lifecycle, offering subsea well access systems compatible with any Christmas tree type.
Expro (NYSE: XPRO) has signed a technology agreement (ETEC) with Petrobras to develop a new non-intrusive flowmeter. The innovative technology will provide real-time flow rates and pattern identification data to monitor slug instabilities, aiming to optimize well production efficiency. The clamp-on design will be non-intrusive and operate without radioactive sources.
The first prototype is scheduled for installation by Q3 2027. This development builds on Expro's experience in Mobile Fiscal Metering, having performed flow metering in over 1,000 wells. The new flowmeter will address challenges in understanding flow patterns and enable parameter adjustments for individual well optimization.
Expro Group Holdings reported Q3 2024 financial results with revenue of $423 million, down 10% sequentially but up 14% year-over-year. Net income reached $16 million with a 4% margin, improving from Q2 2024's $15 million and Q3 2023's $14 million loss. Adjusted EBITDA was $85 million with a 20% margin, including $7 million losses from Congo project. The company refined its full-year 2024 guidance to $1.72-1.75 billion revenue and $335-350 million Adjusted EBITDA. Q4 2024 revenue is expected between $440-470 million with Adjusted EBITDA of $90-105 million.
Expro Group Holdings N.V. (NYSE: XPRO) has announced its upcoming third quarter 2024 earnings release and conference call. The company will hold a conference call on October 24, 2024, at 10:00 a.m. Central Time to discuss results for the quarter ended September 30, 2024. A press release detailing the results will be issued before the market opens on the same day, along with associated presentation slides posted on the company's investor relations website.
Participants are encouraged to pre-register for the call using the provided link. The conference can also be accessed by dialing +1 833 470 1428 (US) or +1 404 975 4839 (International) with the access code 791796. A live webcast will be available on the investor section of www.expro.com. An audio replay will be accessible for two weeks following the call, both on the company's website and via telephone.
Expro Group Holdings N.V. (NYSE: XPRO) has announced its participation in the Barclays CEO Energy-Power Conference 2024. CEO Michael Jardon will present to investors on Wednesday, September 4, 2024, at 12:40 p.m. ET. The presentation will be accessible via a live webcast through the Barclays conference platform and Expro's website.
Interested parties can access the webcast through the Investor section of www.expro.com. Attendees are advised to log in at least 15 minutes early to register and download any necessary audio software. A replay of the event will be available for 180 days following the presentation on Expro's website. Additionally, the conference presentation materials will be accessible through the company's Investor section.
Expro Group Holdings N.V. (NYSE: XPRO) reported strong Q2 2024 financial results, with revenue of $470 million, up 22% sequentially and 18% year-over-year. Net income was $15 million, compared to a net loss of $3 million in Q1 2024. Adjusted EBITDA reached $95 million, up 40% sequentially and 32% year-over-year, with a margin of 20%. The company increased its full-year 2024 revenue guidance to $1.70-$1.75 billion and refined its Adjusted EBITDA range to $350-$375 million. The positive outlook is supported by strong first-half performance, favorable market conditions, and the successful early closing of the Coretrax acquisition. Expro's strategic position in international and offshore markets continues to drive growth, with increased activity in high-value services.
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