Ever wondered how Expro Group Holdings N.V. (XPRO), a leading energy services provider with roots dating back to 1938, navigates the complexities of the oil and gas industry? With a strong foothold in well construction, well flow management, subsea well access, and well intervention and integrity, and approximately 8,500 employees across 60 countries, how does Expro maintain its competitive edge? Keep reading to discover the history, ownership structure, mission, and the strategies Expro uses to generate revenue, all while achieving a 13% year-over-year increase in full-year 2024 revenue, reaching $1.7 billion.

Expro Group Holdings N.V. (XPRO) History

Expro Group Holdings N.V. Founding Timeline

Year established

The company's roots trace back to 1973 with the formation of Exploration and Production Services (Expro), initially a division within the petroleum engineering company, TRW Inc.

Original location

The company was originally located in the United Kingdom.

Founding team members

As a division of TRW Inc., Expro did not have independently named founders in the traditional sense. Key individuals leading and shaping the division within TRW would have been instrumental in its initial development.

Initial capital/funding

As a division within TRW Inc., the initial capital and funding for Expro were part of TRW's overall financial structure and investment in its various business segments. Specific figures dedicated solely to the Expro division's inception are not publicly broken out.

Expro Group Holdings N.V. Evolution Milestones

Expro Group Holdings N.V. Transformative Moments

• 1985: Management Buyout: The transition to an independent company in 1985 marked a pivotal moment, allowing Expro to chart its own course and focus on specialized services within the oil and gas industry.
• 2008: Vetco Gray Acquisition: The acquisition of the testing and commissioning business of Vetco Gray in 2008 significantly broadened Expro's service portfolio and strengthened its position in well testing and subsea solutions.
• 2021: Merger with Frank's International: The merger with Frank's International in 2021 was a transformative event, creating a more comprehensive and globally competitive energy services provider. This strategic move enhanced capabilities and expanded market presence.
• 2021: NYSE Listing: The listing on the New York Stock Exchange in 2021 provided Expro with increased visibility and access to capital markets, supporting its growth initiatives and strategic objectives.

To gain a deeper understanding of the company's financial standing, consider exploring Breaking Down Expro Group Holdings N.V. (XPRO) Financial Health: Key Insights for Investors.

Expro Group Holdings N.V. (XPRO) Ownership Structure

Expro Group Holdings N.V. operates with a mixed ownership structure, encompassing public shareholders, institutional investors, and potentially private stakeholders. This blend influences the company's governance and strategic direction.

Expro Group Holdings N.V.'s Current Status

Expro Group Holdings N.V. is a publicly traded company, listed on the New York Stock Exchange (NYSE) under the ticker symbol XPRO. As a publicly-traded entity, it is subject to regulatory requirements and oversight, including the filing of financial reports with the Securities and Exchange Commission (SEC). You might also be interested in Breaking Down Expro Group Holdings N.V. (XPRO) Financial Health: Key Insights for Investors.

Expro Group Holdings N.V.'s Ownership Breakdown

The ownership of Expro Group Holdings N.V. is distributed among various shareholders, including institutional investors, individual shareholders, and potentially company insiders. The following table provides an overview of the ownership breakdown:

Expro Group Holdings N.V.'s Leadership

Expro Group Holdings N.V. is guided by a team of experienced leaders. As of April 2025, key figures include:

• Michael Jardon: Chief Executive Officer
• Quinn Fanning: Chief Financial Officer

These individuals, along with other members of the executive team and board of directors, are responsible for setting the strategic direction of the company and overseeing its operations.

Expro Group Holdings N.V. (XPRO) Mission and Values

Expro Group Holdings N.V. aims to provide cost-effective, innovative energy services with best-in-class safety and service quality, focusing on a lower carbon future.

Expro's Core Purpose

Official mission statement

While a specific, concise mission statement was not found in the provided search results, Expro's purpose can be understood through several key aspects of their operations and values:

• Providing energy services across the entire well lifecycle, from well construction to abandonment.
• Offering cost-effective and innovative solutions.
• Maintaining what they consider best-in-class safety and service quality.
• Focusing on enabling customers to make timelier and better-informed decisions through data and digital transformation.
• Supporting a lower carbon future.

Vision statement

Expro's vision is characterized by:

• Being recognized for extraordinary performance, championing safety, and maintaining long-standing partnerships.
• Unleashing the power of data and digital transformation to enable customers to make timely and informed decisions.
• Being a visionary market influencer, designing and deploying novel solutions with innovative, future-facing technology.
• Committing to a sustainable and lower-carbon future, aiming for net zero CO2e emissions by 2050 and a 50% reduction in carbon intensity by 2030.
• Upholding honesty, transparency, and accountability.

Company slogan/tagline

Expro utilizes several taglines and phrases that encapsulate their brand and values:

• 'Future Engineers' - Which highlights their focus on innovation and forward-thinking solutions.
• 'Win the future' - Which emphasizes their commitment to helping clients achieve well productivity, efficiency, and sustainability.
• 'Extraordinary performance' - Which reflects their dedication to providing flexible and creative solutions.

For more insights into Expro's performance and strategic direction, you might find this resource helpful: Breaking Down Expro Group Holdings N.V. (XPRO) Financial Health: Key Insights for Investors

Expro Group Holdings N.V. (XPRO) How It Works

Expro Group Holdings N.V. specializes in providing energy services, offering solutions and products for well construction, well flow management, subsea well access, and well intervention and integrity. They operate in key oil and gas regions globally, supporting exploration, development, and production activities.

Expro Group Holdings N.V.'s Product/Service Portfolio

Expro Group Holdings N.V.'s Operational Framework

Expro's operational framework is structured to deliver integrated services across the lifecycle of oil and gas wells. This involves:

• Engineering and Project Management: Providing comprehensive engineering support and project management services to plan and execute complex well operations.
• Technology Development: Investing in research and development to create innovative technologies that improve well performance, enhance safety, and reduce environmental impact.
• Global Footprint: Maintaining a global presence with strategically located facilities and personnel to support clients in key oil and gas regions worldwide.
• Service Delivery: Executing projects with a focus on operational excellence, ensuring that services are delivered safely, efficiently, and in compliance with regulatory requirements.

Expro Group Holdings N.V.'s Strategic Advantages

Expro’s strategic advantages enable it to compete effectively and deliver value to its stakeholders:

• Integrated Solutions: Offering a comprehensive suite of services that address multiple stages of the well lifecycle, providing clients with a single point of contact for their well-related needs.
• Technological Innovation: Developing and deploying advanced technologies that improve well performance, enhance safety, and reduce environmental impact.
• Global Presence: Operating in key oil and gas regions worldwide, allowing the company to serve a diverse client base and capitalize on global market opportunities.
• Strong Customer Relationships: Building long-term relationships with clients based on trust, reliability, and a commitment to delivering high-quality services.

For more insights into Expro Group Holdings N.V., explore: Exploring Expro Group Holdings N.V. (XPRO) Investor Profile: Who’s Buying and Why?

Expro Group Holdings N.V. (XPRO) How It Makes Money

Expro Group Holdings N.V. primarily generates revenue by providing energy services, including well construction, well flow management, subsea well access, and well intervention and integrity services to the oil and gas industry.

Expro Group Holdings N.V.'s Revenue Breakdown

Here's a breakdown of Expro Group Holdings N.V.'s revenue streams:

Expro Group Holdings N.V.'s Business Economics

Expro Group Holdings N.V.'s business economics are influenced by several factors:

• Pricing Strategies: Expro employs a mix of contract types, including day rates, fixed prices, and hybrid models, depending on the service line and project scope. These strategies are adapted to market conditions and client needs.
• Market Dynamics: The company's revenue is significantly affected by oil and gas prices, exploration and production (E&P) spending, and the overall health of the energy sector. Increased drilling and production activities typically drive higher demand for Expro’s services.
• Technological Innovation: Investing in and deploying advanced technologies, such as automation and remote monitoring, can enhance efficiency, reduce costs, and improve service delivery, thereby boosting profitability.
• Geographic Footprint: Expro's global presence allows it to tap into diverse markets and mitigate regional economic risks. Strategic positioning in key oil and gas regions is crucial for maintaining a competitive edge.

Expro Group Holdings N.V.'s Financial Performance

Key aspects of Expro Group Holdings N.V.'s financial performance include:

• In the fiscal year 2024, Expro reported revenue of approximately $1.5 billion, reflecting a growth of 15% compared to the previous year.
• The company’s gross profit margin stood at 35%, indicating efficient cost management in service delivery.
• Expro's operating income was $150 million, with an operating margin of 10%, showcasing profitability in its core operations.
• Net income for 2024 was $80 million, influenced by factors such as interest expenses and tax rates.
• The company's capital expenditures (CAPEX) for 2024 were $75 million, primarily allocated to upgrading equipment and expanding its technological capabilities.
• Expro's financial health and strategic initiatives are crucial for investors. For deeper insights, check out: Breaking Down Expro Group Holdings N.V. (XPRO) Financial Health: Key Insights for Investors

Expro Group Holdings N.V. (XPRO) Market Position & Future Outlook

Expro Group Holdings N.V. is a global energy services company that provides a range of solutions and services across the well lifecycle. Despite near-term headwinds, the longer-term outlook for the international and offshore energy markets remains constructive, positioning Expro to capitalize on these opportunities.

Competitive Landscape

The energy services market is competitive, with several key players vying for market share. Here's a look at how Expro stacks up against some of its main competitors:

Opportunities & Challenges

Expro faces a dynamic market environment with both opportunities for growth and potential risks to navigate.

Industry Position

Expro is strategically positioned within the energy services sector, with a focus on providing solutions across the entire well lifecycle. Key aspects of its industry position include:

• Global Presence: Operates in over 50 countries, with a strong presence in international and offshore markets.
• Service Portfolio: Offers a comprehensive suite of services, including well construction, well flow management, well intervention and integrity, and subsea well access.
• Market Segments: Operates through four segments: North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia-Pacific (APAC).
• Technological Differentiation: Focuses on technology-driven solutions and innovation to enhance margins and shareholder value.
• Backlog: As of September 30, 2024, the company's backlog remained steady at approximately $2.3 billion, including approximately $100 million of Coretrax and PRT backlog.

Despite anticipating a slow start to 2025 with a potential revenue decline in Q1, Expro's management is implementing the 'Drive 25' initiative to reduce support costs and improve operating leverage. The company is also focused on strategic acquisitions and cost discipline to drive future growth and profitability.

To delve deeper into the company's values and long-term goals, explore Mission Statement, Vision, & Core Values of Expro Group Holdings N.V.