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Expro Group Holdings Nv - XPRO STOCK NEWS

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.

Rhea-AI Summary
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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Expro Group Holdings N.V. has rescheduled its second quarter 2023 earnings release and conference call. The conference call will now take place on Thursday, July 27, 2023, at 12:00 p.m. Central Time (1:00 p.m. Eastern Time). The company will issue a press release and presentation slides before the market opens on July 27. Participants can pre-register for the conference call to receive immediate access. The webcast will be available on the Expro website, and an audio replay will be accessible for 12 months.
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FAQ

What is the current stock price of Expro Group Holdings Nv (XPRO)?

The current stock price of Expro Group Holdings Nv (XPRO) is $8.66 as of April 17, 2025.

What is the market cap of Expro Group Holdings Nv (XPRO)?

The market cap of Expro Group Holdings Nv (XPRO) is approximately 927.1M.

What are the core services provided by Expro Group Holdings NV?

The company offers a full spectrum of services spanning the well life cycle, including well construction, flow management, subsea access, intervention, and production optimization.

How does Expro support offshore and deepwater oil and gas operations?

Expro specializes in mission-critical services designed for technically challenging environments, providing subsea, completion, and intervention solutions that ensure the integrity and efficiency of offshore wells.

What distinguishes Expro Group Holdings NV from other service providers in the oil and gas industry?

Its integrated service model, covering all stages from exploration to production optimization, and its technical expertise in managing high-value wells in challenging environments set it apart.

In which regions does Expro Group Holdings NV operate?

The company operates globally with segments in North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia-Pacific (APAC).

How does the company ensure operational excellence in its service delivery?

Expro leverages advanced measurement tools and intervention techniques along with deep technical expertise to maintain high operational standards and resilient service delivery.

What is the significance of well flow management in Expro's operations?

Well flow management is central to Expro's operations, ensuring the accurate measurement, control, and enhancement of well performance through every stage of the oil and gas lifecycle.

How does Expro address technical challenges in offshore environments?

By utilizing state-of-the-art technology and engineering expertise, Expro provides tailored solutions that overcome the complexities of deepwater and offshore operations.

What type of customers can benefit from Expro Group Holdings NV's services?

The services are designed for oil and gas operators looking to optimize production, maintain well integrity, and manage the entire well lifecycle efficiently in both mature and challenging environments.
Expro Group Holdings Nv

NYSE:XPRO

XPRO Rankings

XPRO Stock Data

927.06M
114.76M
0.93%
101.08%
4.68%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
Link
United States
HOUSTON