Expro Group Holdings Nv Stock Price, News & Analysis

Expro Group Holdings N.V. (NYSE: XPRO) reported a 5% revenue decrease to $280 million in Q1 2022, impacted by lower activity in ESSA and APAC segments. However, the company achieved a significant reduction in net loss to $11 million from $91 million in the previous quarter. Adjusted net income improved to $1 million from a loss. EBITDA decreased 27% to $37 million, reflecting seasonal activity declines. Notably, the company reported growth in NLA and MENA segments and strategically enhanced its technology portfolio with the acquisition of SolaSense.

Expro Group Holdings N.V. (NYSE: XPRO) will hold a conference call on May 5, 2022, to discuss its Q1 results for the period ending March 31, 2022. The call is set to begin at 10:00 a.m. CT (11:00 a.m. ET). A press release and presentation slides will be available on the company’s website prior to the call. Participants may pre-register for immediate access. An audio replay will be available starting from 1:00 p.m. CT on May 5, lasting until May 12, 2022.

Expro (NYSE:XPRO) has acquired SolaSense Ltd., a UK-based Distributed Fiber Optic Sensing (DFOS) company. This strategic acquisition enhances Expro's well surveillance capabilities, allowing for near real-time analysis of well data without extended shut-ins, thus minimizing production losses. The integration aims to extend the lifespan of wells while reducing operational costs, leveraging Expro’s 50 years of experience in well intervention. The acquisition positions Expro to offer a comprehensive service combining well evaluation and remediation solutions.

Expro Group Holdings N.V. (XPRO) reported strong financial results for Q4 2021, achieving $296 million in revenue, a 50% increase from Q3 2021, largely attributed to the recent merger with Frank's International. However, the company experienced a net loss of $91 million or $0.84 per share. While Adjusted EBITDA increased by 61% to $51 million, challenges remain with EBITDA margins projected to vary between 12-14% in Q1 2022. The company anticipates achieving significant cost synergies and strong cash flow in the future, despite facing seasonal revenue fluctuations.

Expro Group Holdings N.V. (NYSE: XPRO) will hold a conference call on March 3, 2022, to discuss fourth-quarter and full-year results for the period ending December 31, 2021. The call starts at 10:00 a.m. CT (11:00 a.m. ET), with a press release issued post-market on March 2. Participants can pre-register for a dial-in number or join via live webcast on Expro's website. An audio replay will be available for 12 months after the call. Expro offers a broad range of energy services globally, employing over 7,200 people.

Expro (NYSE: XPRO), a leader in energy services, has won four major subsea well access contracts in South East Asia and Australia, valued at over $50 million. The contracts include projects in Australia for abandonment of 18 subsea wells and a new integrated program for subsea development, as well as two substantial contracts in Malaysia. Expro's strong operational performance and extensive experience contributed to securing these projects, reaffirming its leading position in the growing subsea market.

Expro (NYSE: XPRO) has launched Galea™, the world's first fully autonomous well intervention system aimed at maximizing production while reducing costs, health, safety, and environmental (HSE) risks. Galea™ can operate in various modes, replacing traditional methods for slickline operations. Its remote monitoring capabilities minimize personnel requirements and environmental impact. By eliminating the need for frequent equipment transport, Galea™ enhances safety and compliance with environmental regulations. This innovation is part of Expro's commitment to delivering cutting-edge energy solutions.