Expo Misses Earnings Estimates but Issues Stronger Revenue Outlook
Expro Group Holdings N.V. (NYSE: XPRO) reported mixed second-quarter results on July 28, 2026, missing Wall Street earnings expectations with adjusted EPS of $0.15 versus the $0.19 consensus, while revenue of $393.2 million narrowly beat estimates of $388.9 million but fell 7% year-over-year. Net income was $2 million, and adjusted EBITDA reached $76 million (19.3% margin). CEO Michael Jardon attributed the tempered results to geopolitical disruptions in the Middle East. However, the company issued a stronger-than-expected revenue outlook for Q3 2026, forecasting $435-$455 million (midpoint $445M vs. consensus $387.9M), and raised its full-year revenue guidance to $1.65-$1.70 billion (midpoint $1.675B vs. consensus $1.59B). Full-year adjusted EBITDA guidance was narrowed to $355-$365 million, reflecting prolonged Middle East disruptions, but management expects second-half EBITDA margins above 24%. Expro also completed its $215 million acquisition of Enhanced Drilling on July 23 and repurchased $40 million in shares year-to-date.
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