Welcome to our dedicated page for Expro news (Ticker: XPRO), a resource for investors and traders seeking the latest updates and insights on Expro stock.
Expro Group Holdings N.V. reports developments for a global energy services business that works across the well life cycle. The company’s recurring updates cover well construction, well flow management, subsea well access, and well intervention and integrity services for onshore and offshore customers.
News about XPRO includes quarterly results and guidance, conference-call announcements, technology and service deployments such as Solus, ELITE Composition, and iTONG, and project work in oil and gas and geothermal applications. Company updates also cover material agreements, capital-structure matters, and governance topics tied to its public-company status.
Expro Group Holdings N.V. (NYSE: XPRO) reported third quarter results for the three and nine months ending September 30, 2021, following its merger with Frank’s International. Pro forma combined revenue reached $312.5 million, up 10% sequentially, bolstered by market growth. Frank’s revenue rose 7% to $114.9 million, but net loss increased to $15.1 million. Legacy Expro's revenue was $197.5 million, a 12% increase, yet net loss grew to $11.9 million. Fourth quarter guidance projects flat to mid-single digit revenue growth with an Adjusted EBITDA Margin of 15-17%.
Expro Group Holdings N.V. (NYSE: XPRO) will host a conference call on November 8, 2021, to discuss its third-quarter results for the period ending September 30, 2021. The results will include financial figures from Expro and its recently merged entity, Frank's International N.V. The call will start at 10:00 a.m. CT and a press release detailing the financial outcomes is expected before the market opens on that date. Participants can join via audio or webcast, with a replay available for 12 months post-call.
Expro (NYSE: XPRO) successfully deployed its OctopodaTM annulus intervention system in Colombia, achieving a world record depth of 300 meters to restore well production. The operation, completed at around 25% less cost than traditional methods, eliminated casing collapse risks and reduced carbon emissions. This marks Expro's entry into the Latin American market with a unique technology that maximizes operational uptime while minimizing environmental impact. The Octopoda system allows for direct intervention of live annulus, enhancing the longevity of aging wells.
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Expro Group Holdings N.V. (NYSE: XPRO) has announced the grant of restricted stock unit awards totaling 645,139 shares to six employees following its merger with Frank's International. These inducement awards, compliant with NYSE Listing Rule 303A.08, include both time-based and performance-based RSUs that vest over a three-year period based on performance metrics. Key executives received substantial awards, including CEO Michael Jardon, who received 282,655 shares in total. This grant reflects the company's commitment to align employee performance with stockholder interests.