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Expro Group Holdings ( (XPRO) ) has shared an update.
On May 5, 2026, Expro announced a definitive agreement to acquire Norway-based Enhanced Well Technologies Group AS for about NOK 2 billion (approximately $215 million) in cash, adding managed pressure drilling solutions, an estimated $275 million of order backlog and projected 2026 Adjusted EBITDA of more than $50 million at margins above 30%, with closing targeted for the third quarter and funding from cash and its revolving credit facility. The company also reported first-quarter 2026 revenue of $368 million, a net loss of $1 million, Adjusted EBITDA of $63 million, modest adjusted free cash flow of $3 million, $20 million of share repurchases, strong quarter-end liquidity of $517 million, and reaffirmed its 2026 guidance despite Middle East-related disruptions and geopolitical uncertainty, while progressing a proposed redomiciling from the Netherlands to the Cayman Islands and positioning for medium- to long-term growth driven by energy security and rising demand for its well services.
The most recent analyst rating on (XPRO) stock is a Sell with a $16.00 price target. To see the full list of analyst forecasts on Expro Group Holdings stock, see the XPRO Stock Forecast page.
Spark’s Take on XPRO Stock
According to Spark, TipRanks’ AI Analyst, XPRO is a Outperform.
XPRO scores well on improving financial performance (especially balance-sheet strength) and positive technical trend/momentum. The main offsets are a less-attractive valuation (P/E ~30) and an earnings outlook that targets margin/FCF gains but with a flat 2026 revenue profile and some regional/seasonal softness.
To see Spark’s full report on XPRO stock, click here.
More about Expro Group Holdings
Expro Group Holdings N.V. is an energy services company that provides high technology-based solutions across the well lifecycle, including subsea well access, well flow management, well construction and production services for oil and gas operators. The company serves global upstream markets with a focus on technologically advanced drilling, completion and production support offerings, and maintains operations across regions such as North America, MENA and APAC.
Average Trading Volume: 1,159,380
Technical Sentiment Signal: Buy
Current Market Cap: $2.05B
Find detailed analytics on XPRO stock on TipRanks’ Stock Analysis page.