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.
News for Expro Group Holdings N.V. (NYSE: XPRO) centers on its role as an energy services company working across the well life cycle, with a focus on well construction, well flow management, subsea well access, and well intervention and integrity solutions. Company announcements highlight operational milestones, technology launches, regional contract awards, and quarterly financial results.
Readers following XPRO news can see updates on specialized technologies such as the BRUTE® Armor Packer for deepwater wells, the Blackhawk® Gen III Wireless Top Drive Cement Head with SKYHOOK® technology, and the Generation-X™ Remote Plug Launcher combined with SkyHook™ for remote, multi-plug cementing operations. Expro also reports on developments like the Remote Clamp Installation System for smart well completions, the ELITE Composition™ fluids analysis service at the rig site, the VIGILANCE™ safety and surveillance solution, and Velonix™ for pipeline pig control.
Company news often covers international activity across its North and Latin America, Europe and Sub-Saharan Africa, Middle East and North Africa, and Asia-Pacific segments. Examples include offshore projects in the Gulf of America, cementing operations in Saudi Arabia, work in the North Sea, and contracts in regions such as Angola, Brazil, Alaska, and Indonesia. Earnings releases and conference call notices provide insight into Expro’s financial performance, capital allocation, and commentary on offshore and international markets.
Investors, analysts, and industry participants can use this news feed to monitor Expro’s technology milestones, contract wins, safety recognitions, and quarterly updates, helping them understand how the company applies its well life cycle capabilities in key oil and gas basins worldwide.
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.
Expro Group Holdings reported solid Q1 2025 financial results with revenue of $391 million and Adjusted EBITDA of $76 million, marking their highest first-quarter EBITDA since the Expro/Frank's merger in Q4 2021. The company achieved a net income of $14 million with a 4% margin, improving from -1% in Q1 2024.
Notable achievements include securing $272 million in new contracts, including a $50 million Tubular Running Services contract in the Gulf of America. The company successfully deployed advanced technologies like CENTRI-FI™ in Indonesia and the Blackhawk Generation-X Rotational Plug Launcher in Norway.
Looking ahead, Expro projects Q2 2025 revenue between $400-410 million and Adjusted EBITDA of $80-90 million. While 2025 is considered a transition year, management remains cautiously optimistic about near-term prospects while expressing confidence in medium to long-term growth potential.
Expro Group Holdings (NYSE: XPRO) has announced its upcoming first quarter 2025 earnings conference call, scheduled for April 30, 2025, at 10:00 a.m. Central Time. The company will release its financial results for the quarter ended March 31, 2025, before the market opens on the same day.
The earnings release and presentation slides will be available on Expro's investor relations website prior to the call. Participants can pre-register for the call or join using the provided dial-in numbers: US: +1 833 470 1428, International: +1 404 975 4839 (Access code: 079161).
An audio replay will be accessible approximately 3 hours after the call's conclusion until May 14, 2025, via the company's website or by phone using US dial-in numbers 1 866 813 9403 or 1 929 458 6194 (Access ID: 923107).
Expro (NYSE: XPRO) has secured contracts worth over $10 million USD from OMV Petrom for the Neptun Deep gas project in the Black Sea, Romania. The contracts encompass the provision of subsea landing string, SeaCure® cementing technology, tubular running services, and Coretrax Advance drilling tools.
The Neptun Deep project, positioned as the largest natural gas development in the Romanian Black Sea, is important for Romania's energy supply. As part of its expansion strategy in Romania, Expro has made significant investments including:
- Opening a new office in Bucharest
- Establishing a new operational base
- Implementing a program to expand Romanian-based staff
Expro, with over 8,000 employees operating in approximately 60 countries, provides energy services across the entire well life cycle, including well construction, flow management, subsea well access, and well intervention and integrity solutions.
Expro (NYSE: XPRO) has secured a significant contract to provide Tubular Running Services (TRS) for the Netherlands' first offshore Carbon Capture and Storage (CCS) project. The scope includes recompletion and conversion of legacy offshore gas production wells into CO₂ injection wells, decommissioning shallow wells, and drilling platform slot recovery wells.
The company will deploy its proprietary non-marking TRS technology, specifically designed for corrosion-resistant alloy tubulars in highly corrosive CO₂ environments. This technology aims to maximize pipe longevity and ensure long-term well integrity. The contract reinforces Expro's position in well construction services and demonstrates their commitment to energy transition solutions.
Expro announced its Q4 and full-year 2024 results, reporting Q4 revenue of $437 million, a 3% sequential increase and 7% year-over-year growth. Full-year revenue reached $1,713 million, up 13% from 2023. Q4 Adjusted EBITDA was $100 million, an 18% sequential and year-over-year increase, with a margin of 23%. Full-year Adjusted EBITDA was $347 million, a 40% increase from 2023, with a margin of 20%. Q4 net income was $23 million, compared to a net loss of $12 million in Q4 2023. Full-year net income was $52 million, against a net loss of $23 million in 2023. The Board extended a $100 million stock repurchase program, with 1.2 million shares repurchased in Q4 2024. Expro provided a 2025 outlook, expecting stable to modestly increasing revenues and improved Adjusted EBITDA margins. Key achievements include $314 million in contract wins and notable technology advancements. The company plans for $120-$130 million in capital expenditures for 2025 and reported $185 million in cash and $121 million in debt as of December 31, 2024.
Expro Group Holdings (NYSE: XPRO) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for February 25, 2025, at 10:00 a.m. Central Time. The company will release its financial results press release before market opens on the same day, along with associated presentation slides on their investor relations website.
Participants can pre-register for the call through a dedicated link or dial in directly using provided US (+1 833 470 1428) and International (+1 404 975 4839) numbers with access code 257167. A live webcast will be available on Expro's website, and an audio replay will be accessible for two weeks following the call, both via website and telephone.
Expro (NYSE: XPRO) has secured a contract worth over $10 million for well decommissioning services, focusing on a 52-well plug and abandonment (P&A) campaign. The project combines subsea safety systems and surface processing design for safe well entry and fluid management.
Operating from its Aberdeen hub, Expro will provide surface fluid management equipment and its 7-3/8" large-bore subsea test tree assembly (SSTTA) with surface tree and controls. The company has maintained a 15-year relationship with this client, having been involved in the original construction of many of these wells. The contract highlights Expro's capability to deliver solutions across the entire well lifecycle, offering subsea well access systems compatible with any Christmas tree type.
Expro (NYSE: XPRO) has signed a technology agreement (ETEC) with Petrobras to develop a new non-intrusive flowmeter. The innovative technology will provide real-time flow rates and pattern identification data to monitor slug instabilities, aiming to optimize well production efficiency. The clamp-on design will be non-intrusive and operate without radioactive sources.
The first prototype is scheduled for installation by Q3 2027. This development builds on Expro's experience in Mobile Fiscal Metering, having performed flow metering in over 1,000 wells. The new flowmeter will address challenges in understanding flow patterns and enable parameter adjustments for individual well optimization.