Earnings Releases·Nov 3, 2026, 8:10 AM ET

Expro — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $440 million, up 11% sequentially and 7% year-over-year, while net loss narrowed to $5 million; Adjusted EBITDA was $91 million with a 21% margin, and Adjusted free cash flow totaled $52 million.
Full-year 2026 Adjusted free cash flow guidance was raised to $140–$150 million, though Adjusted EBITDA guidance was lowered to $330–$340 million due to high-margin activities shifting to 2027.
Strategic growth was driven by the late July 2026 closure of the Enhanced Drilling acquisition and new product launches, with 2027 outlook projecting mid-teens Adjusted EBITDA growth and over 20% Adjusted free cash flow growth.
Capital return strategy advanced with a new $100 million share repurchase plan authorized in October 2026 and total cash returned to shareholders in 2026 exceeding $50 million.