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 Group Holdings N.V. (NYSE: XPRO) reported Q3 2022 financial results with revenues of $334 million, a 7% increase from Q2 2022. The net loss widened to $18 million from $4 million in the previous quarter. Adjusted EBITDA decreased by 6% to $48 million, impacted by high startup costs on a subsea project. The company achieved $62 million in cost synergies, exceeding initial targets. Expro expects Q4 revenues between $325 million and $350 million and aims for an EBITDA margin of approximately 20%.
Expro Group Holdings N.V. (NYSE: XPRO) will hold a conference call on November 3, 2022, to discuss its quarterly results for the period ending September 30, 2022. The call will begin at 10:00 a.m. CT and will feature a press release published before market opening. Interested participants can pre-register for the call or join via dial-in or live webcast on the Investor Relations section of Expro's website. Following the call, an audio replay will be available for 12 months.
Expro provides energy services globally, focusing on safety and innovative solutions.
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Expro has secured funding for two carbon-reduction projects as part of the Net Zero Technology Centre’s 2022 Open Innovation Program, aimed at enhancing clean energy solutions. The £8 million fund was awarded to 20 selected projects from 154 entries, focusing on venting and flaring technologies. Expro's projects include real-time flare emissions measurement and a solution for well testing without flaring, demonstrating its commitment to net zero. The successful projects could deliver £7.8 billion in Gross Value Added and reduce annual CO2 emissions by 3.1 million tonnes.
Expro (NYSE: XPRO), a leading energy services provider, has completed Ireland's first indigenous gas wells' plug and abandonment (P&A). Over eight months, Expro delivered integrated subsea and well test services using its ELSA system, achieving 3,000 successful global operations with 100% operational uptime and zero non-productive time. This performance bolsters Expro's position in subsea P&A solutions, enhancing its track record. The company emphasizes its commitment to safety and environmental standards throughout the project's execution.
Expro (NYSE: XPRO) has developed the iTONG™ system, a digital technology aimed at reducing CO2 emissions by an estimated 146 tons annually, equivalent to 58 transatlantic flights. The iTONG system automates tubular running services, saving operators nearly $2 million annually and around 50 hours of rig time per installation. This innovation not only enhances safety and efficiency but also aligns with Expro's commitment to achieving Net Zero by 2050. The technology has been successfully trialed in the North Sea, marking a significant advancement in the oil and gas sector.
Expro Group Holdings N.V. (NYSE: XPRO) announced that CEO Michael Jardon will present at the Barclays CEO Energy-Power Conference on September 8, 2022, at 9:10 a.m. ET. A live webcast of this presentation will be available on Expro's investor page and the Barclays conference website. Interested attendees are encouraged to log in 15 minutes early. A replay will be accessible for 90 days post-event. Expro specializes in energy services, providing solutions across the well life cycle with a commitment to safety and quality, operating in approximately 60 countries.
Expro Group Holdings N.V. (NYSE: XPRO) reported a strong operational performance with second quarter 2022 revenue reaching $314 million, a 12% increase from the prior quarter. The net loss narrowed to $4 million or $0.04 per diluted share. Adjusted EBITDA rose 39% to $51 million, with a margin of 16%. The company repurchased 1.1 million shares under a $50 million stock repurchase program. Challenges include revenue declines in MENA, which saw an 11% drop. Expro's cash and cash equivalents stand at $179 million with no debt, ensuring robust liquidity.
Expro Group Holdings N.V. (NYSE: XPRO) is set to hold a conference call on August 4, 2022, at 10:00 a.m. CT to discuss its quarterly results for the period ending June 30, 2022. An accompanying press release will be issued before market opens on the same day. Investors are encouraged to pre-register for the call via a provided link. Participants can also join by dialing designated numbers. The call will be available via live webcast and an audio replay will be accessible following the event. Expro is a leading provider of energy services worldwide.
Expro (NYSE: XPRO) has secured a groundbreaking contract to provide integrated services for a geothermal project in the Upper Rhine Graben area of Germany. This eight-well contract, for Deutsche ErdWärme, includes well construction services and a high-rate surface well test system. The partnership commenced in June 2022 and holds future extension potential. Expro aims to reduce greenhouse gas emissions and transition toward a sustainable future, reflected in its Net Zero goals by 2050 and a 50% carbon intensity reduction by 2030.