Expro Group Holdings Nv Stock Price, News & Analysis

Expro Group Holdings N.V. (NYSE: XPRO) will hold a conference call on May 4, 2023, at 10:00 a.m. CT to discuss its quarterly results for the period ending March 31, 2023. A press release detailing these results will be released before the market opens on the same day. Interested participants can pre-register to receive dial-in details. Additionally, listeners can access the call via a live webcast on the company's website. Audio replay of the call will be available approximately three hours after its conclusion, lasting until May 11, 2023. Expro, established in 1938, provides energy services globally across various well lifecycle stages with approximately 7,600 employees in about 60 countries.

Expro Group Holdings reported a strong performance for Q4 and full-year 2022, with revenues of $351 million in Q4, a 5% increase from Q3. Annual revenue reached $1,279 million, a 55% rise from 2021. The company achieved $66 million in merger-related cost synergies, bringing adjusted EBITDA to $70 million in Q4, up 46%. Expro expects 2023 revenue between $1,450 to $1,550 million and adjusted EBITDA of $275 to $325 million. The company remains debt-free with total liquidity of $348 million and has been recognized for its sustainability efforts, receiving upgrades in ratings from MSCI and CDP.

Expro Group Holdings N.V. (NYSE: XPRO) will hold a conference call on February 23, 2023, to discuss its results for the fourth quarter ended December 31, 2022. The call starts at 10:00 a.m. CT and a press release will be available before market opening. Participants can pre-register for immediate access and join via dial-in or webcast. An audio replay will be accessible after the call for 12 months. Expro provides energy services across the well life cycle and operates in approximately 60 countries with around 7,600 employees, focusing on safety and service quality.

Expro (NYSE: XPRO) has announced the acquisition of cementing specialist DeltaTek Global. This strategic move enhances Expro's capabilities in the well construction cementing sector and supports DeltaTek's international expansion goals using Expro's global network. DeltaTek, based in Aberdeen, focuses on low-risk cementing technologies, improving operational efficiency and cost-effectiveness. Expro's acquisition aims to streamline the deployment of DeltaTek's innovative solutions across various markets including the Gulf of Mexico and Asia Pacific. The CEO of DeltaTek expressed optimism for leveraging Expro's customer base to enhance service adoption.

Expro Group Holdings N.V. (NYSE: XPRO) has announced the pricing of an underwritten offering of 8,000,000 shares of its common stock at $16.50 per share, upsized from a previous offering of 7,250,000 shares. The offering, led by Goldman Sachs and J.P. Morgan as joint book-running managers, is set to close on January 18, 2023. Importantly, Expro will not receive any proceeds from this offering, as the shares are being sold by affiliated funds managed by Oak Hill Advisors.

Expro Group Holdings N.V. (NYSE: XPRO) has initiated an underwritten offering of 7,250,000 shares of common stock owned by affiliated funds of Oak Hill Advisors. The underwriters have a 30-day option to purchase an additional 1,087,500 shares. Importantly, Expro will not sell any shares or receive proceeds from this offering. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the joint bookrunning managers for the offering. Expro has an effective shelf registration statement with the SEC, and interested investors should review the relevant prospectus documents before making any investment decisions.

Expro (NYSE: XPRO) has secured a $50 million contract with Apache Corporation for well intervention and integrity services in the North Sea over three years, with two optional one-year extensions. The contract involves operations across Apache's Beryl and Forties assets, including new technologies like Octopoda and Distributed Fiber Optic Sensing. This agreement demonstrates Expro's long-term commitment to the UK continental shelf and reflects their ongoing partnership with Apache spanning two decades.