Recent Updates — XPRO

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.

Expro Ltd reported second quarter 2026 results with revenue of $393 million, net income of $2 million, and adjusted EBITDA of $76 million. The company repurchased approximately $20 million of shares and completed the acquisition of Enhanced Drilling for approximately $215 million. Management updated full-year 2026 guidance, lowering revenue expectations to $1,600–$1,650 million due to persistent Middle East conflict impacts, while maintaining adjusted EBITDA guidance of $355–$365 million. Expro operates in the oil and gas energy services industry, providing well construction, flow management, and subsea solutions.

Expro Group Holdings N.V. shareholders approved several key proposals in the 2026 Annual Meeting, including a series of downstream cross-border mergers involving Expro Luxembourg S.A. and Expro Ltd. The meeting also authorized the Board to repurchase up to 10% of issued share capital and issue up to 20% of issued share capital. Expro Group Holdings N.V. is an energy services company providing technology and equipment for the oil and gas industry.