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.
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 (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.
Expro Group Holdings N.V. (NYSE: XPRO) announced a new $50 million stock repurchase program set to conclude on November 24, 2023. This initiative aims to increase shareholder value and reflects management's confidence in the company's financial stability, underscored by a debt-free balance sheet and projected cash generation. The stock repurchases will be conducted at management's discretion, depending on market conditions. CEO Michael Jardon emphasized that this program represents a prudent use of capital in alignment with corporate strategy.
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.
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