Expro Group (NYSE:XPRO) Announces Earnings Results

Expro Group (NYSE:XPRO) announced its earnings results on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08), FiscalAI reports. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. The business had revenue of $439.94 million for the quarter, compared to analysts’ expectations of $442.36 million. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year.

Here are the key takeaways from Expro Group’s conference call:

• Third-quarter results improved materially, with revenue rising 12% sequentially to $440 million, adjusted EBITDA increasing 20% to $91 million, and a 21% margin. Adjusted free cash flow reached $52 million.
• Expro raised its 2026 adjusted free cash flow guidance to $140 million-$150 million and expects more than 20% year-over-year free cash flow growth in 2027, supported by cost control, technology-driven efficiencies, and disciplined capital spending.
• Fourth-quarter adjusted EBITDA expectations were reduced by approximately $20 million as high-margin subsea work in North and Latin America was delayed by Gulf of Mexico loop currents and weather, while Colombian intervention and integrity work was also pushed out.
• Management expects the deferred projects to remain in the backlog and contribute in 2027, while maintaining a preliminary outlook for mid-teens adjusted EBITDA growth next year, including the full-year contribution from the Enhanced Drilling acquisition.
• Expro ended the quarter with $260 million of total liquidity and only $87 million of net debt, while continuing share repurchases; management said it remains committed to returning at least one-third of adjusted free cash flow to shareholders and pursuing strategically aligned M&A.

Expro Group Stock Performance

NYSE:XPRO opened at $13.34 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.05 and a quick ratio of 1.69. The business has a fifty day simple moving average of $16.78 and a two-hundred day simple moving average of $16.47. Expro Group has a 1 year low of $12.44 and a 1 year high of $19.23. The company has a market capitalization of $1.50 billion, a P/E ratio of 37.79 and a beta of 0.99.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Expro Group in a report on Tuesday, October 27th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Barclays decreased their price objective on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Wall Street Zen raised shares of Expro Group to a “hold” rating in a research report on Saturday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.00.

About Expro Group

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.