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 (NYSE: XPRO) reported strong Q2 2025 financial results, exceeding guidance with revenue of $423 million and Adjusted EBITDA of $94 million. The company achieved a net income of $18 million with a 4% margin and generated $36 million in adjusted free cash flow.
Key highlights include a record-high Adjusted EBITDA margin of 22%, strong order backlog of $2.3 billion, and new order awards of $595 million. The company reaffirmed its full-year 2025 guidance with expected revenue of $1.7 billion and Adjusted EBITDA of at least $350 million.
Expro remains committed to returning approximately one-third (~$40 million) of adjusted free cash flow to shareholders annually and continued its share repurchase program, buying back 637,000 shares at an average $7.87 per share during Q2.
Expro (NYSE:XPRO) has launched its most advanced BRUTE® High-Pressure, High Tensile Packer System for deepwater wells. The new technology, designed for extreme conditions, enables operators to set higher in the wellbore, reducing operational risk and rig time.
The company successfully deployed two variants: the 12,850 psid-rated 12.25" BRUTE® Armor Packer System in April 2025 and a new 20"/22" Packer System in June 2025. The latter features twice the element expansion capability of traditional mechanical packers. Both systems were successfully tested in the Gulf of America for super-major energy companies, establishing Expro as the only provider capable of supporting 20k deepwater projects at this level.
Expro (NYSE:XPRO) has secured a significant three-year contract with Woodside Energy for Mexico's first ultra-deepwater development, the Trion project. The contract involves providing tubular running services (TRS) and cementing services for the deepwater oil and gas development located in the Perdido Fold Belt, approximately 180 km off Mexico's coastline.
The project, a joint venture between Woodside Energy and PEMEX, will operate in water depths of around 2,500 meters, with first oil production targeted for 2028. Expro will establish a new hub in Tampico, supporting local employment and economic growth. The company will deploy its advanced well construction technologies, including TRS casing, completion and drilling support, casing accessories, cement heads, and the Skyhook® system.
Expro Group Holdings (NYSE: XPRO) has scheduled its second quarter 2025 earnings conference call for July 29, 2025, at 10:00 a.m. Central Time. The company will release its Q2 2025 financial results before market opens on the same day.
The earnings presentation materials will be available on Expro's investor relations website prior to the call. Participants can pre-register for the call or join using provided dial-in numbers. A webcast replay will be accessible for two weeks until August 12, 2025.
Expro (NYSE: XPRO) has successfully deployed its innovative Catwalk Sensor technology across its United States land operations, marking a significant advancement in rig floor safety. The technology, developed by Frank's Tubular Running Services division, emits real-time audible alerts when pipe enters the V-door area of manual rig environments.
The standalone system is designed for easy installation and maintenance on rigs using catwalk or slingshot pipe handling systems. Already making an impact in North Latin America, the technology shows potential for enhancing safety across global land rigs where modern systems are still being implemented.
Expro Group Holdings (NYSE: XPRO) announced equity inducement grants to its new Chief Financial Officer, Sergio Maiworm, effective June 30, 2025. The compensation package includes 286,041 time-based restricted stock units (RSUs) valued at $2.5 million, vesting on June 30, 2028.
Additional grants include 42,792 time-based RSUs valued at $374,000 vesting in three annual installments from June 30, 2026, and 64,188 performance-based RSUs (PRSUs) with a target value of $561,000. The PRSUs will vest based on relative stockholder return performance through December 31, 2027, with potential earnings ranging from 0% to 200% of target.
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Expro (NYSE: XPRO) has secured multi-year Tubular Running Services (TRS) contracts with two leading Super-Major operators in the Gulf of America, with a collective value exceeding $80 million. The contracts cover both deepwater drill ships and platform rigs, integrating Expro's advanced technologies including the award-winning Centri-FI platform.
The implementation includes Expro's Rig Integration "Driller's Control" Package, iTong, and completions technologies to support upcoming developments, including 20K developments. Centri-FI serves as the operational hub, focused on improving efficiency through personnel reduction, eliminating red zone entries, and enhancing performance repeatability.