Expro Group Holdings earnings date
Expro Group Holdings (XPRO) Q3 2026 Earnings Report
CH:XPRO Q3 2026 EPS Results
- Actual EPS
- CHF 0.16
- Consensus EPS
- CHF 0.22
- Beat/Miss
- Missed by -CHF 0.07
- One Year Ago EPS
- CHF 0.10
CH:XPRO Q3 2026 Revenue Results
- Actual Revenue
- CHF 363.14M
- Expected Revenue
- CHF 365.14M
- Beat/Miss
- Missed by -CHF 2.00M
- YoY Revenue Growth
- +6.95%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/03/2026
- Time
- Before Open
- Conference Call
- Tuesday, November 3, 2026
Expro Group Holdings's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was predominantly positive, supported by strong third-quarter revenue and adjusted EBITDA growth, a 2026 free cash flow guidance increase to $140 million to $150 million, expectations for a record fourth quarter, a favorable offshore market outlook, technology recognition, strong liquidity, and preliminary 2027 growth expectations. The main negatives were approximately $20 million of fourth-quarter EBITDA timing pressure, weather-related disruptions, delayed Colombia work, geopolitical uncertainty, and Middle East activity growth that did not materialize. Management stated that the delayed work remains in backlog and is expected to contribute in 2027.
Expro raised full year 2026 adjusted free cash flow guidance to a range of $140 million to $150 million; fourth quarter adjusted EBITDA expectations were tempered by approximately $20 million, while the updated fourth quarter guidance still reflects what would be a record quarter and the company continues to make progress toward double digit free cash flow margins. For 2027, the company initially expects mid teen growth in adjusted EBITDA, with early indications pointing to mid teens percentage growth in adjusted EBITDA and an increase in more than 20% in adjusted free cash flow, both year over year; the outlook includes some growth in the base business, full year activity from enhanced drilling, and deferred activity expected to contribute in 2027, while the company expects at least 1-third of free cash flow to be returned to shareholders and is assuming status quo in The Middle East for the remainder of 2026 and well into 2027.
- Strong Third-Quarter Financial GrowthExpro generated $440 million of revenue and $91 million of adjusted EBITDA in the third quarter, representing a 21% margin. Revenue increased 12% sequentially and adjusted EBITDA increased 20%, driven by higher activity across the underlying business lines and the inclusion of enhanced drilling operations.
- Adjusted Free Cash Flow Guidance RaisedAdjusted free cash flow was $52 million for the quarter, described as a near-record result. The company raised its full-year 2026 adjusted free cash flow guidance to a range of $140 million to $150 million.
- Improved EBITDA MarginThird-quarter adjusted EBITDA margin was approximately 21%, an increase of almost 140 basis points from the previous quarter.
- Record Fourth-Quarter Performance ExpectedDespite activity being pushed to the right, updated fourth-quarter guidance still reflects what management described as a record quarter for the company.
- Positive 2027 Growth OutlookManagement initially expects mid-teen growth in adjusted EBITDA in 2027. Sergio Maiworm also indicated expectations for mid-teens percentage growth in adjusted EBITDA and an increase of more than 20% in adjusted free cash flow, both year over year, while noting that the budgeting process remains underway.
- Favorable Offshore and International Market OutlookManagement said the market remains particularly supportive of offshore and international investments. Project FIDs, subsea tree orders, and floating rig utilization have been moving in the right direction, while deepwater is expected to capture a significant share of future upstream capital allocation.
- Strong Long-Term Offshore IndicatorsManagement described offshore as being in the early stages of a developing up cycle and said the outlook remains favorable through the end of the decade. Offshore and international markets are expected to be healthy as producers focus on recovery optimization, production enhancement, faster execution, and brownfield optimization.
- Maestro Technology Reduces Red-Zone ExposureExpro's newly launched Maestro modular well test platform combines automation, remote control, real-time visibility, and decision support. A full deployment has shown the ability to reduce red-zone exposure by up to 67%.
- ArticuLock Enabled Operations in Harsh ConditionsArticuLock was utilized across the North Sea in well construction, intervention, and subsea recovery projects at water depths in excess of 3.3 thousand feet. On one campaign, it enabled safe operations despite harsh weather conditions and avoided several days of operational delays.
- Recognition for Technology PortfolioExpro secured 8 finalist nominations at the 26 Gulf Energy Information Excellence Awards, and its iTONG technology won best controls, instrumentation, and automation technology for upstream.
- MENA and APAC Regional CombinationExpro merged its APAC region into the MENA region to create a combined MENA-APAC region. Management expects the combination to improve operational efficiency, customer support, continuity across product lines, and the ability to combine activities into fewer people with clearer decision-making and faster responses to customer needs.
- Strong Liquidity and Low Net LeverageExpro ended the quarter with $260 million in total liquidity, including $172 million of cash on the balance sheet. Net debt was $87 million, representing less than half a turn of net leverage, which management described as a strong financial position.
- Capital Returned Through Share RepurchasesYear to date in 2026, Expro repurchased approximately 3.2 million shares for roughly $52 million. Management said the company had already returned above its commitment of at least one-third of adjusted free cash flow and would remain opportunistic with repurchases through the balance of the year.
- Continued Focus on Efficiency and Customer Wallet ShareManagement said it is continuing to focus on cost efficiency, technology-enabled productivity, reducing personnel requirements, increasing customer wallet share, internationalizing acquired services and technologies, and expanding margins and free cash flow.
- M&A Pipeline and Integration Track RecordExpro continues to evaluate bolt-on and transformative M&A opportunities focused on industrial logic, scalable technologies, synergies, portfolio expansion, and attractive markets. Management cited its ability to remove costs, achieve synergies, and integrate prior transactions, including Enhanced Drilling.
- Enhanced Drilling Technology Expanded to West AfricaThe company commenced its first operations utilizing enhanced drilling technologies in West Africa, expanding usage beyond the North Sea and the US Gulf. Management said the dual-gradient EC-Drill technology can support access to previously inaccessible reserves and improve drilling efficiency by saving days of total spread costs.
CH:XPRO Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 25, 2027 | 2026 (Q4) | 0.22- | 0.04 | ― | ― |
| Nov 03, 2026 | 2026 (Q3) | 0.220.16 | 0.1 | 58.33% (+0.06) | |
| Jul 28, 2026 | 2026 (Q2) | 0.140.12 | 0.13 | -6.25% (-0.01) | |
| May 05, 2026 | 2026 (Q1) | 0.220.07 | 0.1 | -25.00% (-0.02) | |
| Feb 19, 2026 | 2025 (Q4) | 0.210.04 | 0.16 | -73.68% (-0.12) | |
| Oct 23, 2025 | 2025 (Q3) | 0.230.10 | 0.12 | -14.29% (-0.02) | |
| Jul 29, 2025 | 2025 (Q2) | 0.180.13 | 0.11 | 23.08% (+0.02) | |
| Apr 30, 2025 | 2025 (Q1) | 0.120.10 | -0.02 | 700.00% (+0.12) | |
| Feb 25, 2025 | 2024 (Q4) | 0.250.16 | -0.09 | 272.73% (+0.25) | |
| Oct 24, 2024 | 2024 (Q3) | 0.200.12 | -0.11 | 207.69% (+0.22) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
