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XPRO

Expro Group Holdings N.V.

https://www.expro.com

Industry

Oil & Gas Equipment & Services

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity services. It serves exploration and production companies in onshore and offshore environments in approximately 60 countries with approximately 100 locations. The company was founded in 1938 and is based in Houston, Texas.

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Expro Gr Hldgs (NYSE:XPRO) reported Q1 2024 earnings of $0.09 per share, missing the $0.12 estimate, but sales of $383.489M exceeded the $369.621M forecast. This represents an 800% increase in earnings and a 13.03% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:07 am

Barclays analyst David Anderson has maintained an Equal-Weight rating on Expro Gr Hldgs (NYSE:XPRO) and increased the price target from $17 to $18.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:23 pm

Expro Group forecasts 2024 revenue of $1.60B-$1.70B, below the $4.62B estimate, with adjusted EBITDA of $325M-$375M. Q1 expectations are set at $365M-$375M in revenue, slightly below the $376M estimate, and adjusted EBITDA of $63M-$73M. The company anticipates improved profitability and cash flow, driven by industry tailwinds and a strong 2023 performance. The full-year guidance includes the expected completion of the Coretrax acquisition in Q3 2024. Seasonal and budget cycle factors are anticipated to affect Q1 performance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:05 pm

Expro Gr Hldgs (NYSE:XPRO) reported Q4 adjusted EPS of $0.06, missing the $0.10 estimate, a 72.73% decrease from last year. Sales were $406.75M, beating the $382.91M estimate, up 15.89% from last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:59 am

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

Expro has agreed to acquire Coretrax, an Aberdeen Scotland-based company, for $210M to expand its Well Construction & Intervention Solutions. The deal includes at least $75M in cash and up to 6.75M newly issued Expro common shares, with the option for Expro to increase the cash component. The acquisition, expected to close in Q2 2024, is valued at approximately 4.7x Coretrax's estimated 2024 Adjusted EBITDA. Expro aims for up to $10M in annual cost synergies within 18 months and plans to leverage Coretrax's technology across various regions.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:51 am

Expro Group Holdings N.V. (XPRO) has won a contract for a Carbon Capture Utilization and Storage (CCUS) pilot project with INPEX Corporation. The project, Kashiwazaki Clean Hydrogen/Ammonia, is Japan's first clean hydrogen production demonstration project. Financial details of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:01 am

Expro, an energy services provider listed as XPRO on the NYSE, has renewed and expanded its strategic partnership with Di Drill Survey Services Inc., which offers specialized services such as HPHT logging, Gyro survey services, and magnetic ranging to the oil & gas and geothermal sectors.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:14 am

Goldman Sachs analyst Neil Mehta has maintained a Buy rating on Expro Gr Hldgs (NYSE:XPRO) but has reduced the price target from $25 to $22.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:52 pm

Barclays analyst David Anderson maintains an Equal-Weight rating on Expro Gr Hldgs (NYSE:XPRO) and lowers the price target from $23 to $17.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:17 pm

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