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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 (XPRO) wins Intervention Champion of The Year and Energy Transition Pioneer of The Year at the OWI Global Awards 2023 for its dedication to sustainable energy solutions and well intervention excellence.
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Expro (XPRO) secures Corporate Frame Agreement with Equinor for well testing services in the Norwegian Continental Shelf, emphasizing a commitment to low carbon operations. The four-year contract includes potential extensions, focusing on well flow management, production optimization, and hydraulic intervention well services using Expro’s innovative CoilHoseTM Light Well Circulation System (LWCS).
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Expro (NYSE: XPRO) completed a successful well cement placement project in the U.S. Gulf of Mexico, using innovative Cure technology to save time and overcome operational challenges. The company's acquisition of DeltaTek's range of low-risk open water cementing solutions has expanded its portfolio of cost-effective, innovative solutions for well construction.
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Expro Group Holdings N.V. (NYSE: XPRO) reported financial results for Q3 2023. Revenue was $370 million, down 7% sequentially but up 11% YoY. Net loss was $14 million, compared to net income of $9 million in Q2 2023. Adjusted EBITDA was $50 million, down 31% sequentially. Expro CEO remains optimistic about the multi-year outlook for the energy services industry.
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Expro Group Holdings N.V. to discuss Q3 2023 results in conference call
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Expro completes acquisition of PRT Offshore, strengthening subsea well access offering. The total consideration is approximately $106 million, including $62 million cash and $44 million in Expro shares. Potential additional consideration based on PRT Offshore's financial performance. The acquisition will expand Expro's services in North and Latin America and accelerate PRT Offshore's growth in Europe, Sub-Saharan Africa, and Asia Pacific. Positive growth opportunities expected.
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Expro reports incident with wire failure on third party-owned vessel, suspends vessel-deployed LWI operations. No injuries or hydrocarbon release. Customer interest in subsea interventions and vessel-deployed LWI solutions remains strong. Financial impacts to be included in quarterly reporting.
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Expro acquires PRT Offshore for $106 million, expanding its subsea well access technology offering. The acquisition is expected to be completed in Q4 2023. Expro aims to leverage PRT Offshore's expertise to deliver integrated customer solutions in the North and Latin America region. The total consideration is approximately 4.0x PRT Offshore's estimated 2023 and 2024 Adjusted EBITDA.
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Expro Group Holdings N.V. (NYSE: XPRO) reported Q2 2023 revenue of $397 million, up 17% sequentially and 27% year-over-year, with net income of $9 million. Adjusted EBITDA was $72 million, up 71% sequentially. The company reaffirms full-year guidance for revenue and Adjusted EBITDA.
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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