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Expro Group Holdings N.V. - $XPRO STOCK NEWS

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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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none
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Rhea-AI Summary
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).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
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none
Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-4.06%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-17.38%
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Rhea-AI Summary
Expro Group Holdings N.V. to discuss Q3 2023 results in conference call
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Rhea-AI Sentiment
End-of-Day
1.34%
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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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Rhea-AI Sentiment
End-of-Day
2.12%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-5.57%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.88%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.48%
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Expro Group Holdings N.V.

NYSE:XPRO

XPRO Rankings

XPRO Stock Data

2.21B
94.87M
0.81%
96.84%
4.82%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
HOUSTON

About XPRO

expro’s mission is well flow management. we provide services and products that measure, improve, control and process flow from high-value oil and gas wells, from exploration and appraisal through to mature field production optimisation and enhancement. with a specific focus on offshore, deepwater and other technically challenging environments, we provide a range of mission critical services across three key areas: - well test & appraisal services - subsea, completion & intervention services - production services for more information, please visit: www.exprogroup.com/about-us