XPRO
Expro Group Holdings N.V.12.65
-1.13-8.2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Regional ramps, wallet cross-sell detailed
Q&A provided granular regional color absent from prepared remarks: MENA stays solid into Q4, South America strong, U.S. Gulf flattish in 2026 with 2027 upside, West Africa ramps later, APAC lags. Management detailed wallet-share wins via cross-selling on rigs—TRS plus Cure Technologies—using existing crews. Pricing holds steady with no downside pressure, thanks to rig discipline; new tech commands premiums. Even in flat-to-down markets, execution drives margin and FCF growth. Analysts pressed on guidance ties to oil prices and M&A; answers reaffirmed controllables over macro bets. Q&A reaffirms cautious optimism. Focus stays narrow.
Key Stats
Market Cap
1.46BP/E (TTM)
21.08Basic EPS (TTM)
0.60Dividend Yield
0%Recent Filings
8-K
Expro's Q4 beats, 2026 guidance
Expro reported Q4 2025 revenue of $382M and full-year $1.6B, with Adjusted EBITDA margins hitting 23.1% and 22.0%—top-tier peers. Adjusted free cash flow doubled to $127M, fueling $40M share repurchases and $42M debt paydown; backlog swelled to $2.5B. Cash flows strong. 2026 guides $355M-$375M Adjusted EBITDA, $125M-$145M free cash flow.
10-K
FY2025 results
Expro's FY2025 revenue fell 6.2% y/y to $1.61B, with Q4 at $382M down 7.1% q/q from $411M amid softer activity in NLA, ESSA, and APAC, though MENA surged 8.0% q/q on well flow management strength in Algeria and Saudi Arabia. Adjusted EBITDA climbed 1.6% y/y to $353M (22.0% margin) despite topline pressure, buoyed by favorable mix in ESSA (34.4% Q4 margin) and MENA (38.8%). Q4 margins held firm in NLA at 24.4% but slipped in APAC to 16.4%; net cash from operations hit $210M. Debt trimmed to $79M under new facility with $551M liquidity; $40M share repurchases executed. MENA drove momentum. Oil price volatility threatens demand.
8-K
Raises FY EBITDA, FCF guidance
Expro reported Q3 revenue of $411M and Adjusted EBITDA of $94M at 22.8% margin, generating $46M Adjusted free cash flow despite softer markets. Share repurchases hit $25M quarterly, $40M YTD; liquidity holds at $532M with $2.3B backlog. Raised FY guidance to $350-360M Adjusted EBITDA, $110-120M Adjusted FCF. Cash flows strong.
10-Q
Q3 FY2025 results
Expro's Q3 revenue dipped 2.7% q/q to $411.4M (derived) from $422.7M yet held steady y/y at $422.8M, with operating income flat q/q at $26.5M (derived) and up 1.3% y/y (derived); YTD revenue fell 4.0% y/y to $1.2B while operating income rose 11.4% y/y to $69.3M (derived), diluted EPS steady q/q and up 60% y/y at $0.40, reconciling to 116M shares. ESSA and MENA segments drove margin gains despite APAC softness, fueled by higher-margin well construction. Cash swelled to $198M with $153M operating cash flow; free cash flow not disclosed in the 10-Q. Debt dropped to $99M under new facility maturing 2029. Oil price volatility poses demand risks.
10-Q
Q2 FY2025 results
Expro's Q2 revenue fell 10% y/y to $422.7M but rose 8% q/q (derived), with operating income up 18% y/y and 60% q/q (derived) to $32.6M. Net income climbed 18% y/y and 29% q/q to $18.0M, or $0.16 diluted EPS, reconciling to 115.5M diluted shares. Cash swelled to $206.8M from $183.0M at year-end, with OCF of $89.9M and FCF $35.6M (derived) for H1. Debt steady at $121.1M (7.0% rate, due 2026); new $500M facility closed July 23, 2025. Coretrax closed May 2024 for $186.7M (cash/equity/contingent), adding $100M goodwill. Oil price volatility pressures offshore demand.
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