Expro Group Q4 revenue misses expectations

Reuters02-19
Expro Group Q4 revenue misses expectations

Overview

  • Energy services firm's Q4 revenue missed analyst expectations

  • Adjusted EBITDA for Q4 was $88 mln

  • Company secured $380 mln contract in North Africa, boosting order backlog

Outlook

  • Expro expects 2026 revenue between $1.6 bln and $1.65 bln

  • Company projects 2026 adjusted EBITDA of $355 mln to $375 mln

  • Expro plans to use 33% of free cash flow for shareholder returns in 2026

Result Drivers

  • TECHNOLOGICAL INNOVATION - Expro highlighted its continual innovation and introduction of new technologies across geographic segments as a key driver for customer engagement and contract wins

  • CONTRACT WIN - Secured a significant $380 mln contract in North Africa, boosting order backlog and revenue visibility

  • SEGMENT PERFORMANCE - MENA segment revenue increased due to higher well flow management activity, contributing to overall results

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$382.13 mln

$423.52 mln (4 Analysts)

Q4 Net Income

$5.77 mln

Q4 Adjusted EBITDA

$88 mln

Q4 Operating income

$11.80 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the oil related services and equipment peer group is "buy."

  • Wall Street's median 12-month price target for Expro Group Holdings NV is $16.00, about 4.5% below its February 18 closing price of $16.75

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw2bbPJja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment