Earnings ·
Expro reports $440M Q3 revenue, raises full-year adjusted free cash flow guidance to $140-$150M
XPROExpro Ltd
Expro Ltd reported third-quarter 2026 results with total revenue of $440 million and a net loss of $5 million. Adjusted EBITDA reached $91 million, up from $76 million in the prior quarter, driven by strong performance in North and Latin America as well as Europe and Sub-Saharan Africa. The company generated $65 million in operating cash flow and $52 million in adjusted free cash flow. Management raised its full-year 2026 adjusted free cash flow guidance to a range of $140 million to $150 million, citing improved capital discipline and operational efficiency. Additionally, the Board authorized a new $100 million share repurchase plan valid through December 31, 2027. Expro Ltd is a leading provider of energy services offering well construction, flow management, subsea access, and intervention solutions.