Expro Group Holdings N.V. (XPRO)

In the past six months, Expro announced its Fourth Quarter 2025 Results and Full-Year 2026 Guidance on February 19, 2026. On February 4, 2026, the company launched Solus™, a single valve solution for subsea well access. Expro announced it would deliver geothermal well testing services for the Lionheart Project in Germany on March 24, 2026. On April 1, 2026, Expro announced a proposed redomicile to the Cayman Islands, subject to shareholder approval. The company scheduled its First Quarter 2026 Earnings Release and Conference Call on April 14, 2026. On May 5, 2026, Expro announced an agreement to acquire Enhanced Drilling for approximately $215 million, a deal expected to boost margins and add to its backlog, and reported its First Quarter 2026 results, which were impacted by typical seasonality, including winter weather and slower customer spending, leading to a sequential decline in revenue and adjusted EBITDA, with the stock declining following the earnings release and geopolitical tensions in the Middle East also impacting Q1 results, particularly in the MENA region.

Expro Group Holdings NV experiences normal seasonality in its demand, particularly during the first quarter of the calendar year, attributed to winter weather in the Northern Hemisphere and a slower start to customer spending at the beginning of the year. The company anticipates activity to strengthen in the second half of the year.

Expro Group Holdings NV provides solutions across the well life cycle for exploration and production companies, focusing on support activities for oil and gas operations. Its business includes well construction, well flow management, subsea well access, and well intervention and integrity solutions. The company offers technology solutions in tubular running services, tubular products, cementing, drilling, and wellbore cleanup. Expro also provides global well flow management systems and well intervention solutions, emphasizing cost-effective technologies with a focus on safety and service quality in both onshore and offshore environments.

Expro Group Holdings NV operates in more than 50 countries, organized into four geographic segments: North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia-Pacific (APAC). A significant portion of its revenue is generated from the North and Latin America segment, with a robust contract base in regions such as the Gulf of Mexico, West Africa, and the Middle East.

Expro emphasizes its commitment to safety and service quality, and its role in supporting customers to advance a shared vision of a lower carbon future. The company highlights its innovative, future-facing technology and high-quality data and analytics to provide differentiated, value-added solutions, suggesting a positive brand positioning within the industry.

Expro Group Holdings NV has a broad institutional ownership base, including major holders such as Oak Hill Advisors Lp, Price T Rowe Associates Inc /md/, Vanguard Group Inc, Fmr Llc, and BlackRock, Inc. BlackRock Inc. was the largest institutional holder as of Q1 2025, holding approximately 11.5%, followed by MHR Fund Management LLC (10.4%) and The Vanguard Group (9.1%). Institutional investors collectively hold a significant majority of the company's shares, with institutions owning approximately 86% of the total as of March 2026. Individual insider ownership is also notable, with several members of the Mosing family holding substantial shares.