What is the revenue and EPS growth rate for Expro Group year over year?

Did Expro Group beat or miss consensus estimates last quarter?

What were the key takeaways from Expro Group’s earnings call?

What guidance did Expro Group's management provide for the next earnings period?

What does Expro Group do and what are its main business segments?

What is Expro Group's gross profit margin?

What factors drove the changes in Expro Group's revenue and profit?

What were the key takeaways from Expro Group's earnings call?

- **Record 2025 Financials**: $1.6B revenue, 22% EBITDA margin, $127M free cash flow (double 2024). 
- **Backlog Strength**: $2.5B backlog (+$196M Q4), anchored by $380M North Africa contract.
- **2026 Growth Plan**: Target 25% EBITDA margin via DRIVE25, with Q1 seasonal dip offset by back-half recovery.
- **Tech Wins**: XRD Spider deployment, Coretrax global expansion, and 100% job score in Australia.
- **Shareholder Returns**: 32% FCF returned in 2025; 2026 buybacks targeting 1/3 of FCF.

**【CEO Summary Section】**
- **2025 Financial Highlights**: Revenue of $1.6 billion, adjusted EBITDA of $353 million (22% margin), and free cash flow of $127 million (double 2024 levels). 
- **Backlog Growth**: $2.5 billion backlog (+$196 million Q4), driven by a 4-year $380 million North Africa contract.
- **2026 Outlook**: Flat to modest revenue growth, with focus on EBITDA margin expansion (targeting 25% long-term) via DRIVE25 cost efficiency initiative. Q1 2026 impacted by seasonal U.S. Gulf activity decline.
- **Technology Wins**: XRD Spider deployment (1,250-ton capacity), Coretrax tech expansion to 31 countries, and CaTS ATX wireless downhole data system.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Adjusted EBITDA $88 million (23.1% margin), free cash flow $28 million. Full year EBITDA margin +170bps YoY.
- **Liquidity**: $551 million total liquidity, $198 million cash post $20M credit facility repayment.
- **2026 Guidance**: Free cash flow >2025 levels, CapEx flat vs 2025. Share buybacks targeting 1/3 of FCF (2025: 32% of FCF returned).
- **Segment Performance**: MENA segment EBITDA margin +400bps QoQ to 39%, driven by well flow management.

**【Q&A Key Highlights】**
- **Wallet Share Expansion**: Cross-selling TRS/cementation services (+$10M+ annually), leveraging installed base for incremental margins.
- **2026 EBITDA Range**: Midpoint $365M assumes flat market; upside from subsea tree backlog (~2027 deployment). 
- **M&A Strategy**: Focused on accretive, scalable tech adjacents (e.g., Coretrax). 2026 M&A pipeline active but disciplined on valuation.
- **Venezuela Outlook**: Long-term opportunity for high-tech solutions, but dependent on industry investment and geopolitical stability.
- **Pricing Environment**: Stable rig rates support disciplined tech pricing; CureTech saves 24hrs rig time, priced for value not volume.

Expro Group Holdings N.V. (XPRO) Q4 2025 Earnings Call Transcript

- **Record free cash flow**: $46 million Q3 2025 (highest in company history)
- **Margin expansion**: EBITDA 22.8% vs. 17.8% 2024, driven by Drive 25 cost savings
- **2026 outlook**: Flat to lower activity but higher margins through technology adoption
- **Strategic wins**: Chevron, Perenco, and ADNOC contracts
- **Sustainability**: Zero-flaring solutions in Algeria and Congo

**【CEO Summary Section】**
- Expro reported Q3 2025 revenue of $411 million, with EBITDA of $94 million (22.8% margin), up 500 basis points year-over-year. 
- Highlighted record $46 million adjusted free cash flow, highest in company history, driven by cost efficiencies and technology adoption.
- 2025 guidance raised for EBITDA ($350-360 million) and free cash flow ($110-120 million), with 2026 outlook flat to slightly lower activity but margin expansion through Drive 25 initiative.
- Key wins: 5-year Chevron contract, Congo Perenco subsea services, and Middle East well testing contracts.
- Technology milestones: Bass Strait zero-flaring solution, Remote Clamp Installation System deployments, and VIGILANCE safety solution.

**【CFO Financial Commentary】**
- Q3 2025 financials: 
  - EBITDA margin 22.8% (vs. 17.8% 2024), driven by $46 million free cash flow (11% of revenue)
  - Share buybacks of $25 million (vs. $40 million annual target)
  - Liquidity of $532 million post $22 million RCF prepayment
- 2025 guidance updates: 
  - EBITDA $350-360 million (vs. prior $350 million+)
  - Free cash flow $110-120 million (vs. prior $110 million)
  - CapEx $110-120 million (vs. prior $120 million)
- 2026 capital allocation framework: 1/3+ free cash flow returned to shareholders via buybacks, balanced with organic growth and M&A.

**【Q&A Key Highlights】**
- **Regional activity**: 
  - Asia Pacific expected to lag in 2026 due to Australia winter season
  - Gulf of Mexico, West Africa, and Middle East to drive margin expansion
- **Production solutions**: 
  - MENA and West Africa brownfield projects generating 30-40% margins
  - 2026 production solutions revenue to exceed 2025
- **Technology adoption**: 
  - Remote Clamp Installation System deployments in North Sea and Middle East
  - Zero-flaring solutions in Algeria and Congo
- **Share buybacks**: 
  - $40 million repurchased YTD (vs. $100 million authorization)
  - 2026 buybacks contingent on free cash flow generation

Expro Group Holdings N.V. (XPRO) Q3 2025 Earnings Call Transcript

- **Record Q2 Financials**: $423M revenue, $94M EBITDA (22% margin), $36M free cash flow. 3rd consecutive quarter above expectations.
- **$595M New Orders**: Guyana ($120M), North Africa ($160M) lead Q2 awards, pushing backlog to $2.3B.
- **Tech Innovation**: 3 new industry-first solutions deployed, reducing risk and improving efficiency in deepwater operations.
- **2025 Outlook**: $1.7B revenue, $350M+ EBITDA, 7%+ free cash flow. H2 growth driven by NLA, ESSA, APAC.
- **Liquidity & Capital Returns**: $343M liquidity, $5M Q2 buybacks, targeting $40M annual repurchases. New $500M credit facility supports M&A flexibility.
- **Market Focus**: 80% of 2025-26 project approvals in international/offshore markets, with <4% exposure to U.S. land/Mexico offshore.


**【CEO Summary Section】**
- Expro reported record Q2 2025 results with revenue of $423 million, EBITDA of $94 million (22% margin), and free cash flow of $36 million (9% of revenue). This marks the third consecutive quarter of results above expectations.
- New order awards reached $595 million, the second-highest in company history, including a $120 million Guyana contract and $100 million North Africa gas compression deal. Backlog stands at $2.3 billion.
- Innovation highlights include deployment of three new technologies: BRUTE Armor Packer, Remote Clamp Installation System, and remote plug cementing system, driving safety and efficiency improvements.
- Outlook for 2025: Full-year revenue ~$1.7 billion, EBITDA ≥$350 million, with H2 growth driven by NLA, ESSA, and APAC activity. Free cash flow expected to be ~7% of revenue, weighted to H2.
- Emphasis on international/offshore markets (80% of 2025-26 project approvals) and cost discipline via Drive25 initiative targeting $30 million annual savings.

**【CFO Financial Commentary】**
- Q2 GAAP revenue: $423 million (+8% QoQ), EBITDA: $94 million (22% margin, +200bps YoY). Adjusted free cash flow: $36 million (9% of revenue).
- Free cash flow definition updated to CFFO - CapEx, with adjustments for one-time items. Share buybacks: $5 million in Q2, $15 million YTD, targeting $40 million annual repurchases.
- Regional performance: ESSA margin 30% (up 400bps), MENA margin 36%, APAC margin 26% (up 500bps). Drive25 initiative on track to deliver $15 million+ savings in 2025.
- Liquidity: $343 million at end-Q2, including $207 million cash and $136 million RCF. New $500 million credit facility provides flexibility for M&A and shareholder returns.

**【Q&A Highlights】**
- **Order Intake Sustainability**: CEO attributes Q2 $595M orders to contract renewals/extension timing, but notes robust tender activity suggests 2025 orders could grow 20%+ vs 2024.
- **Free Cash Flow Conversion**: CFO emphasizes margin expansion (22% Q2 EBITDA margin vs 18% in 2024) and cost control, targeting 7%+ free cash flow as % of revenue.
- **M&A Strategy**: CEO highlights focus on accretive, dislocated assets with clear synergies, citing strong M&A track record.
- **Offshore Rig White Space Impact**: CFO notes limited exposure to U.S. land/Mexico offshore, with H2 activity driven by detailed customer project scheduling.
- **Dividend Consideration**: CFO states share buybacks remain primary capital return vehicle, but open to pivot if free cash flow generation stabilizes at higher levels.
- **Subsea Well Access Softness**: CEO attributes Q2 decline to project timing, expecting rebound in H2 driven by Malaysia activity.
- **MENA Region Performance**: CEO highlights Algeria production optimization strength and Saudi unconventional gas resilience, despite Q2 margin dip.


Expro Group Holdings N.V. (XPRO) Q2 2025 Earnings Call Transcript

- **Record Q1 margins**: 20% EBITDA margin, highest since 2021 merger
- **$272M new contracts**: U.S., Brazil, Indonesia wins offset weaker U.S. land activity
- **MENA outperformance**: 37% EBITDA margin driven by Coretrax and Algeria production
- **$30M cost savings**: Drive 25 program reducing support costs to 19% of revenue
- **Flat 2025 guidance**: Revenue ~$1.7B, EBITDA ≥2024 levels, 7% free cash flow margin

**【CEO Opening Remarks】**
- Q1 2025 revenue: $391M (up 2% YoY), Adjusted EBITDA: $76M (13% YoY growth), highest first-quarter performance since Expro-Frank merger in 2021.
- Secured $272M in new contracts, including $50M in U.S. well construction, $30M in Brazil drilling services, and $15M in Indonesia well intervention.
- 2025 outlook: Flat revenue vs. 2024, but margin stability/improvement driven by activity mix and cost optimization.
- Key markets: MENA (37% EBITDA margin), Brazil, Indonesia; cautious on U.S. land, Mexico, and offshore Saudi.
- Strategic initiatives: M&A (e.g., PRT Offshore, Coretrax), tech investments (CENTRI-FI, iCAM), and Drive 25 cost-saving program ($30M+ annual savings).

**【CFO Financial Breakdown】**
- Regional performance:
  - NLA: $134M (+$5M YoY), 23% EBITDA margin
  - ESSA: $112M (-$30M QoQ), 26% EBITDA margin
  - MENA: $94M (+$1M QoQ), 37% EBITDA margin
  - APAC: $51M (-$12M QoQ), 21% EBITDA margin
- Q1 2025 cash flow: $53M (vs. $39M YoY), free cash flow: $20M
- Guidance: Q2 revenue $400-410M, full-year EBITDA ≥2024 levels
- Share buybacks: $10M in Q1, $66M remaining under $100M program

**【Q&A Key Takeaways】**
- MENA growth: Coretrax driving 1%+ revenue, Saudi unconventional gas rig count up
- Tariff impact: < $5M annual cost, minimal EBITDA effect
- M&A strategy: Focus on bolt-ons with 19-24% EBITDA margins
- 2025 risk: Prolonged trade war could delay West Africa FIDs to 2026+

Expro (XPRO)-30 Apr 25-2025 Q1 Earnings call transcript

- **2024 Financial Excellence**: $1.7B revenue (13% YoY), $347M EBITDA (40% YoY growth). 
- **2025 Outlook**: Revenue $1.7-1.75B, EBITDA $350-370M (+>100bps margin). 
- **Strategic Tech Wins**: AI iTONG deployment, wireless cementing, expandable casing solutions. 
- **Free Cash Flow Target**: 7% of revenue in 2025, up from 6.5% in 2024. 
- **Risk Management**: 7-8% support cost reduction via Drive25 initiative.

**【CEO Summary Section】**
- Q4 2024 revenue: $437 million (7% YoY growth), adjusted EBITDA: $100 million (23% margin). Full year 2024 revenue: $1.7 billion (13% YoY growth), adjusted EBITDA: $347 million (40% YoY growth). 
- Key drivers: Subsea well access in Angola (+$14M sequential), Coretrax acquisition (+$30M YoY), Congo Production Solutions project resolution. 
- 2025 outlook: Revenue $1.7-1.75B (stable/modest growth), adjusted EBITDA $350-370M (+>100bps margin). 
- Strategic initiatives: AI-enabled iTONG deployment, wireless cementing tech, expandable casing solutions. 
- Risk factors: U.S. onshore contraction, Gulf of Mexico jackup reductions, macro oil price volatility. 

**【CFO Financial Commentary】**
- Q4 2024: 
  - GAAP net income: $42M 
  - Non-GAAP EPS: $1.08 (vs. $0.95 prior guidance) 
  - Free cash flow: $75M (7% of revenue) 
  - Support costs: $88M (20% of revenue) 
- Full year 2024: 
  - Adjusted cash flow: $225M (65% of EBITDA) 
  - Free cash flow: $87M 
  - CapEx: $144M 
- 2025 guidance: 
  - Free cash flow margin: 7% 
  - CapEx: $120-130M 
  - Drive25 initiative: 7-8% support cost reduction ($25M+ annualized) 

**【Q&A Key Themes】**
1. **2025 Revenue Confidence**: 
   - Differentiated market exposure (deepwater, OpEx-funded services) vs. peers 
   - Coretrax internationalization (U.S. land, Brazil, Argentina) 
   - Congo O&M phase margin accretion 
2. **Q1 2025 Weakness**: 
   - Seasonal N. Hemisphere decline (-15% sequential) 
   - Non-repeat of Congo construction phase revenue 
   - Expandables product line delays 
3. **Capital Allocation**: 
   - 1-2% TSO buybacks ($11.80 avg price in 2024) 
   - M&A focus: accretive, high-returns opportunities (e.g., Coretrax) 
   - Disciplined CapEx ($120-130M/yr) 
4. **Congo Project**: 
   - Q4 2024: $2M+ margin recovery from variation orders 
   - O&M phase: incentive-based rates tied to throughput 
   - Full project economics maintained despite construction phase challenges

Actual												-2.28	-0.9	-0.72	-0.24	-0.66	-0.36	-0.4	-0.84	-0.1	-0.04	-0.16	0.12	-0.06	0.08	-0.13	-0.11	-0.02	0.13	0.14	0.19	0.12	0.16	0.12	0.05
Forecast												-0.2343	-0.5904	-0.4462	-0.4556	-0.3363	-0.25	-0.2232	-0.0544	-0.0705	-0.025	0.1467	0.2367	0.19	0.1875	0.235	0.1475	0.0875	0.268	0.2475	0.3033	0.1433	0.2167	0.28	0.26
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-873.11%	-52.44%	-61.36%	+47.32%	-96.25%	-44.00%	-79.21%	-1444.12%	-41.84%	-60.00%	-209.07%	-49.30%	-131.58%	-57.33%	-155.32%	-174.58%	-122.86%	-51.49%	-43.43%	-37.36%	-16.26%	-26.17%	-57.14%	-80.77%

Actual	--	--	--	--	--	--	--	--	--	--	--	123.49M	86.10M	84.42M	96.35M	94.81M	107.84M	114.94M	295.67M	280.48M	313.62M	334.35M	350.97M	339.28M	396.92M	369.82M	407.00M	383.49M	469.64M	422.83M	436.84M	390.87M	422.74M	411.00M	382.13M
Forecast	--	--	--	--	--	--	--	--	--	--	--	134.82M	96.44M	89.53M	86.17M	96.28M	104.73M	179.87M	332.82M	315.15M	296.57M	334.77M	336.97M	331.17M	364.61M	384.86M	368.85M	369.62M	414.51M	436.62M	446.81M	347.15M	399.48M	417.89M	409.63M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.41%	-10.72%	-5.71%	+11.81%	-1.52%	+2.97%	-36.10%	-11.16%	-11.00%	+5.75%	-0.12%	+4.15%	+2.45%	+8.86%	-3.91%	+10.34%	+3.75%	+13.30%	-3.16%	-2.23%	+12.59%	+5.82%	-1.65%	-6.71%

XPRO

XPRO fundamentals

XPRO Q4 2025 Earnings

Earnings Call

You can ask Aime

XPRO

XPRO fundamentals

XPRO Q4 2025 Earnings

Earnings Call

XPRO Earnings Call Summary for Q4/202511:00 AM on Feb 19, 2026

XPRO Earnings Call Summary for Q3/202511:00 AM on Oct 23, 2025

XPRO Earnings Call Summary for Q2/202511:00 AM on Jul 29, 2025

XPRO Earnings Call Summary for Q1/202511:00 AM on Apr 30, 2025

XPRO Earnings Call Summary for Q4/202411:00 AM on Feb 25, 2025

You can ask Aime