Expro Group (NYSE:XPRO) Announces Quarterly Earnings Results

Expro Group (NYSE:XPRO) posted its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02), Briefing.com reports. Expro Group had a net margin of 2.32% and a return on equity of 3.91%. The business had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. During the same period in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis.

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

• Q2 performance improved sequentially: Revenue rose to $393 million, adjusted EBITDA reached $76 million with a 19% margin, and adjusted free cash flow increased to $56 million, although results were constrained by Middle East disruptions.
• Expro completed its acquisition of Enhanced Drilling, adding controlled mud level drilling technology that management expects can reduce well costs, lower operational risk, and create international cross-selling opportunities.
• The company’s 2026 outlook assumes the Middle East conflict continues through year-end, with prolonged disruption, delayed activity recovery, and lower-than-expected Coretrax contributions—some activity may shift into 2027.
• Management expects a substantial second-half improvement, forecasting adjusted EBITDA margins above 24% and fourth-quarter margins above 26%, driven by regional project growth, Enhanced Drilling’s contribution, and operating leverage.
• Expro expects to realize more than $40 million of annual structural savings from its Drive25 program and remains focused on reducing capital intensity and improving working-capital efficiency; it also repurchased approximately 2.5 million shares for $40 million in the first half.

Expro Group Price Performance

NYSE:XPRO traded down $0.38 during mid-day trading on Tuesday, reaching $15.29. The stock had a trading volume of 1,480,616 shares, compared to its average volume of 1,162,245. Expro Group has a 12 month low of $9.81 and a 12 month high of $18.73. The stock has a market capitalization of $1.73 billion, a PE ratio of 47.77 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76. The stock has a 50-day simple moving average of $15.32 and a two-hundred day simple moving average of $16.14.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Expro Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. KeyCorp upgraded Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Barclays cut their target price on Expro Group from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.33.

Insiders Place Their Bets

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total value of $93,383.52. Following the sale, the director owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of Expro Group in the 4th quarter valued at $51,000. Quadrant Capital Group LLC increased its stake in Expro Group by 2,978.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock valued at $53,000 after purchasing an additional 3,813 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Expro Group during the fourth quarter worth $69,000. Tower Research Capital LLC TRC raised its holdings in Expro Group by 594.7% during the second quarter. Tower Research Capital LLC TRC now owns 11,942 shares of the company’s stock worth $103,000 after buying an additional 10,223 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Expro Group in the first quarter valued at $104,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Company Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.