Expro Group Holdings N.V.
XPRO
ISIN NL0010556684 / Valor 21417666
Expro Group Holdings N.V.
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About company
Expro Group Holdings N.V. is a global provider of oilfield services, specializing in equipment and solutions for the upstream oil and gas sector. The company offers a comprehensive range of services, including tubular running services (TRS), which involve the installation and management of steel pipes used in drilling operations. Expro has secured multi-year TRS contracts with two leading super-major operators in the Gulf of America, catering to both deepwater drill ships and platform rigs. In addition to TRS, Expro provides services related to exploration, drilling, well completion, and production, supporting clients in optimizing their extraction processes and maintaining operational efficiency across various offshore and onshore environments.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (10.10.2025):
Expro Group Holdings N.V. reported its financial results for the third quarter of 2023, showing a mixed performance with a decrease in revenue compared to the previous quarter and a net loss. Despite these challenges, the company remains optimistic about the long-term prospects in the energy services sector and is taking strategic actions to address current operational issues.
Revenue Performance
For the third quarter of 2023, Expro Group Holdings N.V. reported revenue of $370 million, which declined by 7% sequentially but increased by 11% compared to the same period last year.
Net Income
The company experienced a net loss of $14 million in Q3 2023, a shift from a net income of $9 million in Q2 2023 and a net loss of $18 million in Q3 2022.
Adjusted EBITDA
Adjusted EBITDA stood at $50 million, marking a 31% decrease from the previous quarter but a 4% increase year-over-year. The adjusted EBITDA margin also declined to 14% from 18% sequentially.
Operational Challenges
The third quarter was adversely affected by the suspension of vessel-deployed LWI operations due to a crane failure, resulting in $15 million of unrecoverable operating costs. Additionally, lower activity in North and Latin America due to dry wells and reduced drilling operations contributed to the financial decline.
Segment Performance
Revenue in the North and Latin America segment dropped by 22% to $105 million, while the Europe and Sub-Saharan Africa segment saw a slight decrease of 2% to $135 million. Despite these declines, increased subsea well access revenue in regions like Congo and Angola helped offset some of the revenue losses.
Strategic Initiatives
Expro completed the acquisition of Houston-based PRT Offshore, expanding its portfolio in the subsea well access sector and enhancing its technology-enabled services in key international markets. The company also received multiple awards for its technological innovations, underscoring its commitment to excellence in the offshore energy sector.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1525 M
Market cap (USD)
897,897
Daily traded volume (Shares)
12.14 / 11.67
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Est dividend (USD)
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EPS (USD)
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