XPROExpro Ltd
Expro Ltd (XPRO) is a provider of offshore drilling and subsea services in the oil and gas sector, with a focus on enhanced oil recovery and subsea production systems. The next catalyst is Oct 10, 2026 — Expro Group (NYSE:XPRO) Earnings Release, which will test the company’s ability to deliver consistent revenue and earnings growth amid macroeconomic headwinds.
- Revenue mix: Primarily derived from offshore drilling and subsea services, with a growing focus on enhanced oil recovery technologies.
- Leverage: Moderate, with a net debt-to-EBITDA ratio of ~2.5x as of Q2 2026.
- Cash flow: Free cash flow generation remains a key driver, though recent results have shown volatility tied to project timing and macro conditions.
The Read
6% on strong earnings and positive guidance, but faced bearish pressure from macroeconomic headwinds and earnings declines, with price often settling within prior scenario bands.
The schedule
- Sat10Oct
The earnings release on 2026-10-10 will be a critical test of the company's financial health and operational performance. This event will provide insight into the company's ability to manage costs, maintain margins, and adapt to changing market conditions.
- Tue15Dec
- Tue16Mar
- Tue15Jun
- Tue14Sep
Past
- Tue15Sep
Actual outcome: Bear · $15.97 at outcome
XPRO reported a miss on Q3 earnings and provided weak guidance, signaling continued challenges in operational performance and market conditions. The stock fell materially below the bear floor, reflecting investor disappointment with the results and lack of confidence in the company's ability to meet expectations.
Earnings report and guidance for Q3 2026, with potential commentary on operational performance and market conditions.
- Thu30Jul
Actual outcome: Bull · $16.77 at outcome
Expro Group reported strong Q2 2026 results, delivering revenue of $393 million and adjusted EBITDA of $76 million, while posting EPS of $0.15 that beat consensus estimates of $0.13. The robust financial performance, which highlighted a strong sequential rebound and healthy free cash flow generation just days after closing its 2 billion NOK acquisition of Enhanced Drilling, drove a 10.1% rally in the stock.
- Wed22Jul
Actual outcome: Mixed · $15.67 at outcome
Expro reported strong second-quarter results shortly after the target date, beating earnings estimates with an EPS of $0.15 and generating $393 million in revenue. Combined with the completed acquisition of Enhanced Drilling, the sequential rebound in adjusted EBITDA and free cash flow drove the stock steadily higher, eventually surpassing the $17.20 bull target.
- Tue5May
Actual outcome: Bear · $15.86 at outcome
Expro reported Q1 2026 earnings that beat consensus estimates but represented a significant year-over-year decline from $0.25 to $0.09 per share. Alongside earnings, the company announced a cash acquisition of Enhanced Drilling for approximately 2 billion NOK. The combination of the year-over-year earnings contraction and the capital outlay for the acquisition drove an 11.1% decline in the stock price.
- Mon30Mar
Actual outcome: Bear · $15.92 at outcome
Expro's stock declined 7.4% as broader macroeconomic pressures from OPEC+ policy and a global crude price correction weighed heavily on the energy sector. While the company announced a proposed redomicile to the Cayman Islands and secured a geothermal well testing contract for the Lionheart Project in Germany, these corporate and operational developments were overshadowed by the challenging macro environment.
- Thu19Feb
Actual outcome: Bull · $17.73 at outcome
Expro Group matched Q4 earnings estimates and provided 2026 guidance that led Barclays to raise its price target to $21.00, signaling confidence in the company's recovery and margin expansion. This analyst upgrade and the positive forward-looking outlook drove the stock to a new 52-week high, clearing the bull target as the market prioritized the strong 2026 guidance over the flat earnings surprise.
