XPRO · Expro Ltd
Press releases and events scraped from the company's investor relations website. Past events open our own call or event page when we host one; otherwise listings link to the original source.
Recent news
| Date | Headline |
|---|---|
| 2026-07-28 | Expro Announces Second Quarter 2026 Results |
| 2026-07-28 |
Expro Announces Second Quarter 2026 Results
Expro Ltd (NYSE: XPRO) (the “Company” or “Expro”) today reported financial and operational results for the three months ended June 30, 2026. Second Quarter 2026 Highlights Revenue was $393 million Net income of $2 million Adjusted EBITDA (1) of $76 million with an Adjusted EBITDA margin (1) of 19.3% Cash flow from operations of $81 million, or 20.7% of revenue Adjusted free cash flow (2) of $56 million Share repurchases of approximately $20 million (1.3 million shares at an average of $15.42 per share) Liquidity at the end of the quarter stood at $492 million Michael Jardon, Chief Executive Officer, commented, “Our second quarter results reflect a good sequential increase coming out of a seasonally low first quarter. This is despite the impacts caused by the Middle East conflict that tempered our second quarter results. “During the quarter we continued to execute across our disciplined capital allocation framework. The Company’s capital allocation centers around investing in the |
| 2026-07-23 | Expro Completes Acquisition of Enhanced Drilling |
| 2026-07-23 |
Expro Completes Acquisition of Enhanced Drilling
Expro Ltd (NYSE: XPRO) (the “Company” or “Expro”) today announced it has closed the previously announced acquisition of Enhanced Well Technologies Group AS (“Enhanced Drilling”). Under the terms of the agreement Expro purchased Enhanced Drilling for approximately 2 billion Norwegian kroner (“NOK”) in cash (or approximately $215 million) plus customary closing and working capital adjustments. With this acquisition Expro becomes a leading provider of next-generation drilling technologies involving managed pressure drilling (“MPD”), inclusive of controlled mud level drilling (“CML”), and riserless mud recovery. As part of Expro, the intention is to increase the market penetration of Enhanced Drilling’s offerings by utilizing Expro’s proven strategy of globalizing acquired technologies and services. Currently, Enhanced Drilling operates primarily offshore Norway and in the Gulf of America, but the Company sees growth opportunities in other areas around the world such as Brazil, other |
| 2026-07-14 | Expro Ltd Schedules Second Quarter 2026 Earnings Release and Conference Call |
| 2026-07-14 |
Expro Ltd Schedules Second Quarter 2026 Earnings Release and Conference Call
Expro Ltd (NYSE: XPRO) (“Expro” or the “Company”) will hold a conference call on July 28, 2026 to discuss results for the second quarter ended June 30, 2026. The conference call is scheduled to begin at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). A press release regarding the results will be issued before the market opens on July 28 th , and the press release, together with associated presentation slides, will be posted to the investor relations section of the Expro website in advance of the conference call. We encourage those who plan to dial-in to the conference to pre-register: Pre-Registration Link. Callers who pre-register will be given a dial-in number and unique PIN via email to gain immediate access to the call. Participants may also join the conference call by dialing: U.S. (Toll-Free): +1 800 715-9871 U.S. (Local/International): +1 646 307-1963 Access code: 46235 To listen via live webcast, please visit the investor section of https://www.expro.com/ |
| 2026-06-04 | Expro Reiterates Benefits of Redomiciliation |
| 2026-06-04 | Expro Strengthens Longstanding Partnership With Deployment of Solus™ Technology in the Gulf of America |
| 2026-06-04 |
Expro Reiterates Benefits of Redomiciliation
Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) filed its definitive proxy statement on April 21, 2026 with the Securities and Exchange Commission (“SEC”) in connection with Expro’s proposal to redomicile from the Netherlands to the Cayman Islands. On June 3, 2026, Institutional Shareholder Services (“ISS”), a proxy advisory firm, revised its initial recommendation regarding the proposal to redomicile from the Netherlands to the Cayman Islands and the two related amendments to our articles of association (collectively “Items 1, 2, and 3”). ISS now recommends that shareholders vote FOR Items 1, 2, and 3. ISS reached this conclusion after reviewing the additional information the Board provided to our shareholders on June 1, filed with the SEC on the same date. ISS’s revised view reaffirms the Board’s belief that the migration delivers concrete, quantifiable benefits to Expro and our shareholders, and it does so without disenfranchising or significantly diminishing the |
| 2026-06-04 |
Expro Strengthens Longstanding Partnership With Deployment of Solus™ Technology in the Gulf of America
The multi-million-dollar agreement builds on a collaboration spanning more than two decades. Expro (NYSE: XPRO), a leading provider of energy services, has signed a new contract extension for up to five years, including the deployment of one of Expro’s latest technologies, with a global operator to continue delivering subsea completion and intervention services in the Gulf of America (GoA) - reinforcing a partnership that has spanned more than two decades. Solus™ - Expro’s Shear and Seal Valve Building on the success of recent projects this contract extension will include the deployment of Solus™, Expro’s Shear and Seal Valve. The valve is designed to provide an additional layer of safety and reliability during subsea operations, supporting well integrity in challenging offshore environments, and demonstrates Expro’s commitment to bring new technology to the market. This new agreement will run for up to five years. Under the contract, Expro will |
| 2026-05-05 | Expro Announces Agreement to Acquire Enhanced Drilling and First Quarter 2026 Results |
| 2026-05-05 |
Expro Announces Agreement to Acquire Enhanced Drilling and First Quarter 2026 Results
Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) today announced it has entered into a definitive agreement under which Expro will acquire Enhanced Well Technologies Group AS (“Enhanced Drilling”) for approximately 2 billion Norwegian kroner (“NOK”) in cash plus customary closing and working capital adjustments. The Company also announced its financial and operational results for the three months ended March 31, 2026. Acquisition Highlights Expro expands its high technology-based service offerings by adding managed pressure drilling (“MPD”) solutions to the portfolio Immediately accretive to cash flow and adds approximately $275 million of order backlog Purchase price of approximately 2 billion NOK in cash (approximately $215 million) Projected full year 2026 Adjusted EBITDA 1 greater than $50 million with Adjusted EBITDA margin 1 greater than 30% Purchase price to be funded with cash on hand and borrowings under revolving credit facility Acquisition expected to close |
| 2026-04-14 | Expro Group Holdings N.V. Schedules First Quarter 2026 Earnings Release and Conference Call |
| 2026-04-14 |
Expro Group Holdings N.V. Schedules First Quarter 2026 Earnings Release and Conference Call
Expro Group Holdings N.V. (NYSE: XPRO) (“Expro” or the “Company”) will hold a conference call on May 5, 2026 to discuss results for the first quarter ended March 31, 2026. The conference call is scheduled to begin at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). A press release regarding the results will be issued before the market opens on May 5 th , and the press release, together with associated presentation slides, will be posted to the investor relations section of the Expro website in advance of the conference call. We encourage those who plan to dial-in to the conference to pre - register: Pre-Registration Link . Callers who pre-register will be given a dial-in number and unique PIN via email to gain immediate access to the call. Participants may also join the conference call by dialing: U.S. (Local): +1 404 975 4839 U.S (Toll-Free): +1 833 470 1428 Access code: 749710 To listen via live webcast, please visit the investor section of https://www.expro.com/ |
| 2026-04-01 | Expro Announces Proposed Redomicile to the Cayman Islands |
| 2026-04-01 |
Expro Announces Proposed Redomicile to the Cayman Islands
Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) today announced the Company’s Board of Directors (the “Board”) has unanimously approved a plan to change the Company’s corporate domicile from the Netherlands to the Cayman Islands (the “Redomicile”). The Company and the Board believe that the Redomicile will promote the sustainable success of its business, taking into account the interests of its shareholders and other stakeholders, and will enhance shareholder value over the long-term by providing potential strategic opportunities and benefits. Following shareholder approval, the Redomicile will be completed through a series of proposed transactions, which will include: (i) the Company merging with and into Expro Luxembourg S.A., with Expro Luxembourg S.A. surviving, and (ii) as soon as practicable thereafter, Expro Luxembourg S.A. merging with and into Expro Ltd (“Expro Cayman”). Upon completion of such transactions, Expro shareholders will hold one ordinary share of |
| 2026-03-24 | Expro to Deliver Geothermal Well Testing Services for Groundbreaking Lionheart Project in Germany |
| 2026-03-24 |
Expro to Deliver Geothermal Well Testing Services for Groundbreaking Lionheart Project in Germany
Expro partners with VERCANA GmbH (part of Vulcan Energy Resources GmbH and responsible for well engineering and drilling) to support first well in Europe’s largest geothermal and lithium cluster. Expro (NYSE:XPRO) is set to deliver well testing services for the first Schleidberg well as part of Vulcan Energy’s Lionheart Project - one of Europe’s most significant geothermal and lithium extraction developments. Expro partners with VERCANA GmbH to support first well in Europe’s largest geothermal and lithium cluster. The Lionheart Project, recently designated as a strategic initiative under the European Union’s Critical Raw Materials Act (CRMA), represents one of the largest geothermal and lithium extraction programs of its kind in Europe. The support further strengthens Expro’s position as a key delivery partner in the region’s growing sustainable energy sector. Under the scope of work, Expro intends to provide a comprehensive suite of services, |
| 2026-02-19 | Expro Group Holdings N.V. Announces Fourth Quarter 2025 Results and Full-Year 2026 Guidance |
| 2026-02-19 |
Expro Group Holdings N.V. Announces Fourth Quarter 2025 Results and Full-Year 2026 Guidance
Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) today reported financial and operational results for the three months and year ended December 31, 2025 and provided full year 2026 guidance. Fourth Quarter 2025 Highlights Revenue of $382 million Net income of $6 million, and net income margin of 2% Adjusted EBITDA 1 of $88 million Adjusted EBITDA margin 1 of 23.1%, which ranks among the top in our peer group Cash flow from operations of $57 million, or 15% of revenues Free cash flow 1 was $23 million, and free cash flow margin 1 of 6%; Adjusted free cash flow1 of $28 million, and Adjusted free cash flow margin 1 of 7% Voluntary prepayment of our revolving credit facility of $20 million, further enhancing the Company’s net cash position Full Year 2025 Financial Highlights Revenue of $1,607 million Net income of $52 million, and net income margin of 3% Adjusted EBITDA of $353 million Adjusted EBITDA margin of 22.0%, which ranks among the top in our peer group Cash flow |
| 2026-02-04 | Expro Launches Solus™ – The Single Valve Solution for Subsea Well Access |
| 2026-02-04 |
Expro Launches Solus™ – The Single Valve Solution for Subsea Well Access
Advanced equipment technology delivers one valve shear and seal on wire and coiled tubing Energy services provider Expro (NYSE: XPRO) today unveils Solus™ – the unique high-debris single shear and seal ball valve system offering additional flexibility, functionality, and safety to subsea well access solutions for the international oil and gas industry. Expro's Solus™ Technology Replacing the conventional requirement for two valves with just one, Solus™ revolutionizes the industry’s approach to subsea well access, reducing operational risk and complexity while accelerating the drive toward more cost-efficient subsea intervention technologies. Tested and validated in accordance with API Std 17G, Solus™ is the first fully NACE MR0175 compliant fail-close bi-directional high-debris ball valve system that can shear and seal on wire and coiled tubing. Expro’s Solus™ advanced equipment technology can be used in both in riser and open water |
| 2026-01-12 | Expro Group Holdings N.V. Schedules Fourth Quarter and Full Year 2025 Earnings Release and Conference Call |
| 2026-01-12 |
Expro Group Holdings N.V. Schedules Fourth Quarter and Full Year 2025 Earnings Release and Conference Call
Expro Group Holdings N.V. (NYSE: XPRO) (“Expro” or the “Company”) will hold a conference call on February 19, 2026 to discuss results for the fourth quarter and full year ended December 31, 2025. The conference call is scheduled to begin at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). A press release regarding the results will be issued before the market opens on February 19 and the press release, together with associated presentation slides, will be posted to the investor relations section of the Expro website in advance of the conference call. We encourage those who plan to dial-in to the conference to pre - register: Pre-Registration Link . Callers who pre-register will be given a dial-in number and unique PIN via email to gain immediate access to the call. Participants may also join the conference call by dialing: US: +1 833 470 1428 International: +1 646 844 6383 Access code: 956241 To listen via live webcast, please visit the investor section of |