Welcome to our dedicated page for Expro Group Holdings N.V. news (Ticker: XPRO), a resource for investors and traders seeking the latest updates and insights on Expro Group Holdings N.V. stock.
Expro Group Holdings N.V. (symbol: XPRO) is a global leader in well flow management, dedicated to providing essential services and products that measure, improve, control, and process flow from high-value oil and gas wells. With a primary focus on the offshore, deepwater, and other technically challenging environments, Expro delivers mission-critical services across three key areas:
- Well Test & Appraisal Services: Offering comprehensive solutions for well testing and evaluation to ensure optimal well performance.
- Subsea, Completion & Intervention Services: Specializing in subsea well access, completion, and intervention to enhance well integrity and productivity.
- Production Services: Providing end-to-end production optimization services for both onshore and offshore applications.
Expro’s operations span the globe, delivering advanced offshore production solutions, a capability significantly enhanced by the 2021 merger with Frank's International. The company serves a diverse range of markets, with international and offshore segments constituting approximately 80% and 70% of their annual revenue, respectively.
Beyond well flow management, Expro supports well construction, well intervention, and subsea well access, effectively covering the entire well life cycle. Their innovative approach and technical expertise make them a preferred partner in the oil and gas industry, consistently delivering high-quality services and ensuring optimal well performance.
For more information, please visit: www.exprogroup.com/about-us
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.
Expro Group Holdings N.V. (NYSE: XPRO) will release its second-quarter 2024 financial results on July 25, 2024. The press release and presentation slides will be available on Expro's investor relations website before the market opens on that day.
A conference call to discuss the results is scheduled for 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on the same day. Participants are encouraged to pre-register for the call to receive a unique PIN for immediate access. The call can be accessed by dialing +1 833 470 1428 (US) or +1 404 975 4839 (International) with the access code 661580.
A live webcast will be available on Expro's investor section of their website, with an audio replay available three hours post-call until August 8, 2024.
Expro (NYSE: XPRO), a leader in energy services, proudly announces the completion of its 100th global SeaCure® job. This milestone was achieved as part of a five-well subsea batch campaign in Australia, showcasing Expro's advanced cementing technology originally developed by DeltaTek.
The SeaCure® system, utilizing a unique inner string technique, ensures reliable primary cementation of conductors and reduces risks associated with cement slurry placement. Expro's commitment to innovation and exceptional service is further emphasized by this accomplishment.
Alistair Geddes, Chief Operating Officer, highlighted the importance of effective cementation, the success of the SeaCure® system, and Expro's dedication to providing cutting-edge solutions to clients worldwide. The acquisition of DeltaTek in 2023 has expanded Expro's capabilities in well construction cementing.
Expro employs around 8,000 staff across 60 countries, offering comprehensive well lifecycle services and innovative energy solutions.
Expro (NYSE: XPRO), a top energy services provider, announced the acquisition of Coretrax, an Aberdeen-based technology leader in drilling tools and wellbore solutions.
The acquisition, finalized on May 1, 2024, involves $75 million in cash and 6.75 million newly issued Expro shares.
Michael Jardon, Expro CEO, highlighted the potential for growth in Europe, Sub-Saharan Africa, the Middle East, North America, Latin America, and Asia-Pacific due to this acquisition.
This merger aims to enhance Expro’s Well Construction and Well Intervention & Integrity solutions, leveraging Coretrax's innovative technology and customer base.
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