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 Group Holdings N.V. (NYSE: XPRO) will hold a conference call on May 4, 2023, at 10:00 a.m. CT to discuss its quarterly results for the period ending March 31, 2023. A press release detailing these results will be released before the market opens on the same day. Interested participants can pre-register to receive dial-in details. Additionally, listeners can access the call via a live webcast on the company's website. Audio replay of the call will be available approximately three hours after its conclusion, lasting until May 11, 2023. Expro, established in 1938, provides energy services globally across various well lifecycle stages with approximately 7,600 employees in about 60 countries.
Expro Group Holdings reported a strong performance for Q4 and full-year 2022, with revenues of $351 million in Q4, a 5% increase from Q3. Annual revenue reached $1,279 million, a 55% rise from 2021. The company achieved $66 million in merger-related cost synergies, bringing adjusted EBITDA to $70 million in Q4, up 46%. Expro expects 2023 revenue between $1,450 to $1,550 million and adjusted EBITDA of $275 to $325 million. The company remains debt-free with total liquidity of $348 million and has been recognized for its sustainability efforts, receiving upgrades in ratings from MSCI and CDP.
Expro Group Holdings N.V. (NYSE: XPRO) will hold a conference call on February 23, 2023, to discuss its results for the fourth quarter ended December 31, 2022. The call starts at 10:00 a.m. CT and a press release will be available before market opening. Participants can pre-register for immediate access and join via dial-in or webcast. An audio replay will be accessible after the call for 12 months. Expro provides energy services across the well life cycle and operates in approximately 60 countries with around 7,600 employees, focusing on safety and service quality.
Expro (NYSE: XPRO) has announced the acquisition of cementing specialist DeltaTek Global. This strategic move enhances Expro's capabilities in the well construction cementing sector and supports DeltaTek's international expansion goals using Expro's global network. DeltaTek, based in Aberdeen, focuses on low-risk cementing technologies, improving operational efficiency and cost-effectiveness. Expro's acquisition aims to streamline the deployment of DeltaTek's innovative solutions across various markets including the Gulf of Mexico and Asia Pacific. The CEO of DeltaTek expressed optimism for leveraging Expro's customer base to enhance service adoption.
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