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
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Expro Group Holdings N.V. reported a revenue of $383 million for the first quarter of 2024, showing a 6% sequential decrease but a 13% year-over-year increase. The net loss was $3 million, an improvement from the previous quarter, with an Adjusted EBITDA of $67 million. The company reaffirmed its full-year 2024 guidance of $1.6 to $1.7 billion in revenue and $325 to $375 million in Adjusted EBITDA. Expro highlighted the completion of the PRT Offshore acquisition and the pending Coretrax acquisition as key factors supporting their performance.
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Expro Group Holdings N.V. (NYSE: XPRO) will host a conference call on April 25, 2024, to discuss Q1 2024 results. The call will start at 9:00 a.m. CT. Participants can pre-register for immediate access and join via phone or webcast. An audio replay will be available for two weeks.
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Expro (XPRO) releases its latest sustainability report showcasing achievements in 2023 and progress towards ESG objectives. Projects include geothermal testing in Oklahoma, solar power extension in Malaysia, and carbon capture project in Japan. Reduction in greenhouse gas emissions and focus on safety and inclusivity highlighted.
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Expro Group Holdings N.V. (NYSE: XPRO) reported strong operational performance and profitable growth in Q4 2023, with revenue reaching $407 million, up 10% sequentially. Full-year revenue stood at $1,513 million, up 18% YoY. Adjusted EBITDA for Q4 was $85 million, showing a 70% increase sequentially. Net loss for Q4 was $12 million, compared to $14 million in Q3. The Company anticipates revenue of $1,600-1,700 million in 2024.
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Expro (NYSE: XPRO) announces the acquisition of Coretrax for $210 million, combining technology solutions for well construction and intervention. The deal includes cash and newly issued shares, targeting cost synergies and expanding global operations.
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Expro Group Holdings N.V. (NYSE: XPRO) will hold a conference call on February 21, 2024, to discuss results for the fourth quarter and full year ended December 31, 2023. The conference call is scheduled to begin at 12:00 p.m. Central Time (1:00 p.m. Eastern Time). A press release regarding the results will be issued before the market opens on February 21, and the press release, together with associated presentation slides, will be posted to the investor relations section of the Expro website in advance of the conference call. Participants can pre-register for the conference call and access it via dial-in or live webcast. An audio replay of the webcast will be available on the company's website for two weeks.
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Expro Group Holdings N.V. (NYSE: XPRO) secures a new Carbon Capture Utilization and Storage (CCUS) contract with INPEX Corporation for Japan’s first clean hydrogen production demonstration project. The project aims to produce clean energy from domestically sourced gas, aligning with Expro’s and the industry’s efforts to reduce carbon emissions and advance sustainable energy solutions.
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Expro (NYSE: XPRO) celebrates 40 years of leading the subsea test tree sector with technical innovations. From the launch of its first subsea test tree system in 1983 to the recent acquisition of PRT Offshore, Expro has remained at the forefront of subsea landing string technology, undertaking more than 3,000 subsea deployments. The company's dedication to subsea well access applications has recently led to being named Intervention Champion of the Year at the OWI Global Awards 2023.
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Expro (XPRO) Renews and Expands Strategic Partnership with Di Drill Survey Services Inc. to Provide Premium Well Integrity Solutions to the Oil & Gas and Geothermal Sectors
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Expro Group Holdings N.V. (NYSE: XPRO) CEO Michael Jardon to participate in panel discussion at Goldman Sachs Energy, CleanTech and Utilities Conference. Live webcast and investor meetings to be held on January 4-5, 2024.
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FAQ
What is the current stock price of Expro Group Holdings N.V. (XPRO)?
The current stock price of Expro Group Holdings N.V. (XPRO) is $11.45 as of December 20, 2024.
What is the market cap of Expro Group Holdings N.V. (XPRO)?
The market cap of Expro Group Holdings N.V. (XPRO) is approximately 1.4B.
What does Expro Group Holdings N.V. specialize in?
Expro specializes in well flow management, offering services that measure, improve, control, and process the flow from high-value oil and gas wells.
What are the main areas of service provided by Expro?
Expro provides services in well test & appraisal, subsea, completion & intervention, and production optimization.
Where does Expro operate?
Expro operates globally, with a significant focus on international and offshore markets.
What was a significant recent development for Expro?
A major development for Expro was the 2021 merger with Frank's International, enhancing their offshore production capabilities.
What percentage of Expro's revenue comes from international and offshore markets?
Approximately 80% of Expro's revenue comes from international markets, and 70% from offshore markets.
What is Expro's mission?
Expro's mission is to manage well flow, providing critical services and products from exploration to mature field production optimization.
What does Expro offer for well construction?
Expro offers comprehensive services for well construction, ensuring that wells are built to the highest standards.
How does Expro support well intervention and integrity?
Expro provides advanced techniques and services for well intervention and integrity, ensuring wells remain productive and safe.
What is the focus of Expro's production services?
Expro's production services focus on optimizing well performance for both onshore and offshore applications.
Where can I find more information about Expro Group Holdings N.V.?
More information can be found on their website at www.exprogroup.com/about-us.
Expro Group Holdings N.V.
NYSE:XPRO
XPRO Rankings
XPRO Stock Data
1.39B
116.57M
0.78%
104.22%
6.09%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
United States of America
HOUSTON