Expro Group Q1 revenue slightly beats estimates

Expro

05/05/2026 11:09

Overview

Global energy services firm's Q1 revenue slightly beat analyst expectations

Company posted a small net loss, citing seasonality and Middle East disruptions

Expro agreed to acquire Enhanced Drilling for about $215 mln to expand drilling tech portfolio

Outlook

Expro reaffirms 2026 revenue guidance of $1.6 bln to $1.65 bln

Company expects $10 mln to $15 mln Q2 revenue impact from Middle East disruptions

Result Drivers

SEASONALITY & CUSTOMER SPENDING - Q1 results were affected by typical seasonality and lower customer budgetary spending, especially in the North Sea and Gulf of America

LESS FAVORABLE ACTIVITY MIX - Lower margin project mix contributed to declines in segment EBITDA and margins in NLA and ESSA regions

Company press release: ID:nBw8qtv7La

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$367.57 mln
$365.84 mln (5 Analysts)
Q1 Adjusted EBITDA
$63 mln
Q1 Operating income
$3.16 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 2 "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 11.4% below its May 4 closing price of $18.06

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

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.)