Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%

Megatrend and thematic drivers
Megatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include US Oilfield Technologies, Carbon Capture & Storage, Show more.

Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -88%

Stock price has recently run up significantly
12M Rtn12 month market price return is 102%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.9%, Rev Chg QQuarterly Revenue Change % is -6.0%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%

Key risks
XPRO key risks include [1] a potential softening of activity in key international regions like the Middle East and [2] a decline in its Subsea Well Access business in areas such as the U.K. Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
1 Megatrend and thematic drivers
Megatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include US Oilfield Technologies, Carbon Capture & Storage, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -88%
3 Stock price has recently run up significantly
12M Rtn12 month market price return is 102%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.9%, Rev Chg QQuarterly Revenue Change % is -6.0%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%
6 Key risks
XPRO key risks include [1] a potential softening of activity in key international regions like the Middle East and [2] a decline in its Subsea Well Access business in areas such as the U.K. Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Expro (XPRO) stock has remained largely at the same level since 1/31/2026 because of the following key factors:

1. Mixed Q1 2026 Performance with Reaffirmed Full-Year Guidance.

Expro reported a first-quarter 2026 earnings per share (EPS) of $0.09, missing the consensus estimate of $0.13 by 30.77%, with revenue declining 4% sequentially and 6% year-over-year to $368 million, primarily due to seasonal factors like winter weather and a slow start to operator spending. However, the company reaffirmed its full-year 2026 guidance, projecting revenue of $1,600-$1,650 million and Adjusted EBITDA of $355-$375 million, anticipating strengthened activity in the second half of the year. This combination of near-term weakness offset by a stable long-term outlook contributed to the stock remaining largely at the same level.

2. Strategic Acquisition and Shareholder Capital Returns.

Expro announced an agreement to acquire Enhanced Drilling for approximately $215 million in cash, a deal expected to be immediately accretive to cash flow and EBITDA margins, adding over $50 million of projected 2026 Adjusted EBITDA and roughly $275 million in order backlog upon its anticipated Q3 2026 close. Concurrently, the company repurchased approximately 1.2 million shares for $20 million in Q1 2026, demonstrating a commitment to returning capital to shareholders. These strategic initiatives likely provided underlying support for the stock, balancing out other market pressures.

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Stock Movement Drivers

Fundamental Drivers

The -0.5% change in XPRO stock from 1/31/2026 to 5/22/2026 was primarily driven by a -44.1% change in the company's Net Income Margin (%).
(LTM values as of)13120265222026Change
Stock Price ($)16.0115.93-0.5%
Change Contribution By: 
Total Revenues ($ Mil)1,6621,584-4.7%
Net Income Margin (%)4.1%2.3%-44.1%
P/E Multiple26.749.385.0%
Shares Outstanding (Mil)1151141.0%
Cumulative Contribution-0.5%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/22/2026
ReturnCorrelation
XPRO-0.5% 
Market (SPY)8.1%15.5%
Sector (XLE)17.3%51.7%

Fundamental Drivers

The 17.3% change in XPRO stock from 10/31/2025 to 5/22/2026 was primarily driven by a 118.1% change in the company's P/E Multiple.
(LTM values as of)103120255222026Change
Stock Price ($)13.5815.9317.3%
Change Contribution By: 
Total Revenues ($ Mil)1,6621,584-4.7%
Net Income Margin (%)4.1%2.3%-44.1%
P/E Multiple22.649.3118.1%
Shares Outstanding (Mil)1151141.0%
Cumulative Contribution17.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/22/2026
ReturnCorrelation
XPRO17.3% 
Market (SPY)9.9%23.8%
Sector (XLE)37.0%56.4%

Fundamental Drivers

The 92.6% change in XPRO stock from 4/30/2025 to 5/22/2026 was primarily driven by a 251.7% change in the company's P/E Multiple.
(LTM values as of)43020255222026Change
Stock Price ($)8.2715.9392.6%
Change Contribution By: 
Total Revenues ($ Mil)1,7201,584-7.9%
Net Income Margin (%)4.0%2.3%-41.8%
P/E Multiple14.049.3251.7%
Shares Outstanding (Mil)1161142.3%
Cumulative Contribution92.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/22/2026
ReturnCorrelation
XPRO92.6% 
Market (SPY)36.0%23.4%
Sector (XLE)52.5%52.6%

Fundamental Drivers

The -19.9% change in XPRO stock from 4/30/2023 to 5/22/2026 was primarily driven by a -32.4% change in the company's P/S Multiple.
(LTM values as of)43020235222026Change
Stock Price ($)19.8915.93-19.9%
Change Contribution By: 
Total Revenues ($ Mil)1,2791,58423.8%
P/S Multiple1.71.1-32.4%
Shares Outstanding (Mil)109114-4.3%
Cumulative Contribution-19.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/22/2026
ReturnCorrelation
XPRO-19.9% 
Market (SPY)86.3%39.8%
Sector (XLE)54.1%58.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
XPRO Return-13%26%-12%-22%7%23%0%
Peers Return1505%74%34%-1%18%49%6414%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
XPRO Win Rate50%58%58%58%58%60% 
Peers Win Rate45%68%57%45%65%76% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
XPRO Max Drawdown-63%-53%-42%-54%-53%-16% 
Peers Max Drawdown-33%-44%-25%-31%-33%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLB, HAL, BKR, WFRD, FTI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)

How Low Can It Go

EventXPROS&P 500
2025 US Tariff Shock
  % Loss-49.1%-18.8%
  % Gain to Breakeven96.4%23.1%
  Time to Breakeven199 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-36.6%-9.5%
  % Gain to Breakeven57.7%10.5%
  Time to Breakeven194 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.7%-6.7%
  % Gain to Breakeven34.6%7.1%
  Time to Breakeven25 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-40.3%-24.5%
  % Gain to Breakeven67.6%32.4%
  Time to Breakeven84 days427 days
2020 COVID-19 Crash
  % Loss-48.8%-33.7%
  % Gain to Breakeven95.1%50.9%
  Time to Breakeven349 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-16.3%-12.2%
  % Gain to Breakeven19.5%13.9%
  Time to Breakeven7 days62 days

Compare to SLB, HAL, BKR, WFRD, FTI

In The Past

Expro's stock fell -49.1% during the 2025 US Tariff Shock. Such a loss loss requires a 96.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventXPROS&P 500
2025 US Tariff Shock
  % Loss-49.1%-18.8%
  % Gain to Breakeven96.4%23.1%
  Time to Breakeven199 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-36.6%-9.5%
  % Gain to Breakeven57.7%10.5%
  Time to Breakeven194 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.7%-6.7%
  % Gain to Breakeven34.6%7.1%
  Time to Breakeven25 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-40.3%-24.5%
  % Gain to Breakeven67.6%32.4%
  Time to Breakeven84 days427 days
2020 COVID-19 Crash
  % Loss-48.8%-33.7%
  % Gain to Breakeven95.1%50.9%
  Time to Breakeven349 days140 days
2013 Taper Tantrum
  % Loss-20.7%-0.2%
  % Gain to Breakeven26.0%0.2%
  Time to Breakeven60 days1 days

Compare to SLB, HAL, BKR, WFRD, FTI

In The Past

Expro's stock fell -49.1% during the 2025 US Tariff Shock. Such a loss loss requires a 96.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Expro (XPRO)

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity services. It serves exploration and production companies in onshore and offshore environments in approximately 60 countries with approximately 100 locations. The company was founded in 1938 and is based in Houston, Texas.

AI Analysis | Feedback

Expro is like a more specialized Schlumberger or Halliburton, providing essential technology and services for building and maintaining oil and gas wells globally.

Think of Expro as the behind-the-scenes engineering and service team for energy companies, similar to how major oilfield service providers like Halliburton enable the extraction of oil and gas.

AI Analysis | Feedback

  • Drilling Technology Solutions: Provides specialized technology and services for the drilling phase of oil and gas wells.
  • Tubular Running Services: Involves the safe and efficient running of casing and tubing into oil and gas wells.
  • Cementing and Tubulars: Offers services related to cementing operations and the supply/management of tubular goods for well construction.
  • Well Flow Management: Provides solutions to optimize and manage the flow of hydrocarbons from production wells.
  • Subsea Well Access: Delivers specialized services and equipment for accessing and maintaining wells located on the seabed.
  • Well Intervention and Integrity Services: Focuses on maintaining, repairing, and ensuring the long-term structural integrity of wells.

AI Analysis | Feedback

Expro Group Holdings N.V. (XPRO) provides energy services primarily to other businesses, specifically exploration and production (E&P) companies. Identifying specific "major customers" by name for B2B service providers like Expro can be challenging as this information is often considered proprietary and not widely disclosed, unless a single customer accounts for a significant portion (e.g., 10% or more) of their revenue, in which case it would typically be mentioned in their financial filings (e.g., 10-K reports).

Based on the nature of their services (well construction, well management, drilling, etc.) and the industries they serve (onshore and offshore environments in approximately 60 countries), their customer base would broadly consist of a wide range of global and regional E&P companies. These would include:

  • Major integrated oil and gas companies
  • Independent oil and gas producers
  • National oil companies (NOCs)

While specific customer names are not publicly detailed by Expro, examples of the *types* of public companies that would utilize Expro's services include, but are not limited to:

  • Exxon Mobil Corporation (XOM)
  • Chevron Corporation (CVX)
  • Shell plc (SHEL)
  • BP p.l.c. (BP)
  • TotalEnergies SE (TTE)
  • ConocoPhillips (COP)
  • EOG Resources, Inc. (EOG)
  • Occidental Petroleum Corporation (OXY)

These companies represent the typical profile of exploration and production operators that would contract Expro for its specialized well services and technology solutions.

AI Analysis | Feedback

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AI Analysis | Feedback

Michael Jardon

President and Chief Executive Officer

Michael Jardon was appointed President and Chief Executive Officer of Expro Group Holdings N.V. in October 2021. Prior to this role, he served as the Chief Executive Officer of Legacy Expro starting in April 2016, and for five years before that, as Chief Operating Officer. His career also includes three years as President of North America at Vallourec, where he led commercial activities, global research and development, and managed sales and strategy for the region. From 1992 to 2008, he held various senior roles at Schlumberger, including Vice President Well Testing and Subsea for North and South America. Mr. Jardon holds a Bachelor of Science degree in Mechanical Engineering and Mathematics from the Colorado School of Mines. Expro has a history of evolving through various ownership structures, including being a private equity-backed firm before becoming publicly traded.

Sergio Maiworm

Chief Financial Officer

Sergio Maiworm was appointed Chief Financial Officer of Expro Group Holdings N.V., effective June 30, 2025. He joins Expro from Talos Energy, where he previously served as CFO. Mr. Maiworm brings over two decades of experience in energy and finance.

Alistair Geddes

Chief Operating Officer

Alistair Geddes serves as the Chief Operating Officer of Expro Group Holdings N.V. He is responsible for global operations, ensuring efficient service delivery across the company's approximately 60 operating countries.

Steven J. Russell

Chief Technology Officer

Steven J. Russell is the Chief Technology Officer at Expro Group Holdings N.V.

Natalie Questell

Senior Vice President of Human Resources

Natalie Questell serves as the Senior Vice President of Human Resources for Expro Group Holdings N.V.

AI Analysis | Feedback

The key risks to Expro (XPRO) are:

  1. Market Volatility and Fluctuations in Oil & Gas Prices: Expro's business is heavily dependent on the capital expenditure and activity levels of exploration and production (E&P) companies, which are directly influenced by the volatile prices of oil and natural gas. Sustained low or fluctuating commodity prices can lead to reduced customer spending, project delays or cancellations, and renegotiated contracts, directly impacting Expro's revenue and profitability. Recent analyst downgrades and flat revenue guidance for Expro have been attributed to softer global drilling activity and weaker oil prices.
  2. Energy Transition Pressures and Regulatory & Environmental Risks: The global shift towards lower-carbon energy sources and increasing environmental concerns pose a significant long-term risk to the oil and gas services industry. The rising demand for renewable energy and stricter environmental regulations, including those related to climate change, could reduce the demand for traditional oilfield services, increase operational costs, and lead to more stringent compliance requirements and potential liabilities for Expro.
  3. Geopolitical Tensions and Business Interruptions: Expro operates in approximately 60 countries, exposing it to geopolitical instability, conflicts, trade disputes, and sanctions, which can disrupt global supply chains and increase operational costs. Business interruption is a primary concern for the oil and gas sector, driven by factors such as geopolitical instability, supply chain disruptions, and natural catastrophes. Expro generally does not maintain business interruption insurance, which could amplify the financial impact of such events.

AI Analysis | Feedback

The accelerating global energy transition and decarbonization efforts represent a clear emerging threat. As the world shifts towards renewable energy sources and away from fossil fuels, there is a secular decline in demand and investment for new oil and gas exploration and production projects. This directly impacts Expro's core business, which relies on providing well construction and management services to exploration and production companies.

AI Analysis | Feedback

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Expro Group Holdings N.V. (XPRO) engages in the provision of energy services, including well construction and well management services. The addressable markets for its main products and services are sized as follows:

Well Construction Services

  • Drilling Services: The global drilling services market was valued at USD 17.82 billion in 2025 and is projected to reach USD 31.65 billion by 2034. North America accounted for 26.48% of the global market in 2025.
  • Tubular Running Services: The global Tubular Running Service market was valued at US$ 5.806 billion in 2025 and is anticipated to reach US$ 8.561 billion by 2032. North America leads this market with approximately 40% market share, followed by Europe (around 25%), Asia-Pacific (about 20% by 2025), Latin America (around 10%), and the Middle East & Africa (projected to increase to 5%).
  • Well Cementing Services: The global well cementing services market size was estimated at USD 8.8 billion in 2023 and is anticipated to reach USD 11.6 billion by 2030. North America secured 41.1% of the global revenue share in 2023. Another source indicates the global market size was USD 13.13 billion in 2024 and is expected to reach USD 23.42 billion by 2032, with North America dominating with 46.87% in 2024.

Well Management Services

  • Well Intervention and Integrity Services (Well Intervention Services): The global well intervention market size was estimated at USD 9.79 billion in 2025 and is projected to reach USD 14.23 billion by 2033. North America held the largest share of over 39.0% of the global market in 2025. The Middle East & Africa market size is anticipated to be USD 0.96 billion in 2026. Asia Pacific is expected to grow at the fastest CAGR.
  • Subsea Well Access: The global subsea well access and BOP system market size was valued at USD 3.87 billion in 2024 and is expected to reach USD 5.64 billion by 2032. North America is currently the largest market, followed by the Middle East and Asia-Pacific. Europe is poised to grow at the fastest CAGR.
  • Coiled Tubing Services: The global coiled tubing services market size was valued at USD 7.88 billion in 2025 and is projected to grow to USD 12.39 billion by 2034. North America dominated the global market with a share of 53.32% in 2025. The Middle East and Africa is projected to grow at the fastest rate of 7% CAGR through 2030.
  • Well Testing Services: The global well testing services market was valued at USD 6.9 billion in 2024 and is expected to reach USD 13.6 billion by 2033. Europe was the largest market in 2023, while Asia-Pacific is projected to be the fastest-growing market.

AI Analysis | Feedback

Expro (XPRO) is expected to drive future revenue growth over the next two to three years through a combination of organic expansion, strategic market focus, technological innovation, and diversification into sustainable energy solutions.

  1. Organic Revenue Growth and Increased Customer Spending: Expro is targeting over 10% organic revenue growth as a key factor in achieving its medium-term financial goals. This growth is anticipated to be supported by an improving activity mix, with customers increasing their spending on drilling and completions services.
  2. Strategic Geographic Expansion and Strong International Presence: The company's focus on its international and offshore operations, which constitute approximately 80% of its revenue, is a significant growth driver. Expro has shown strong performance in regions like Europe and Sub-Saharan Africa (ESSA) and plans to continue its upward trajectory in key markets such as Saudi Arabia, Guyana, and Mexico. Major contract awards, like a four-year, $380 million contract in North Africa, further underscore revenue visibility from international expansion.
  3. Technological Advancements and Integration of Acquired Technologies: The deployment of innovative technologies, such as the XRD Spider and CATs ATX real-time downhole control, is expected to enhance efficiency, safety, and increase Expro's "wallet share" with customers. Furthermore, the acquisition of Coretrax, a leader in well integrity and production optimization, is strategically positioned to strengthen Expro's market position and expand its technology offerings across more countries. The cementing technology business is also projected to achieve significant annual revenue in the coming years.
  4. Expansion into Sustainable Energy Solutions: Expro is actively pursuing growth opportunities in the geothermal and carbon capture and storage (CCS) sectors. These initiatives aim to support governmental and operator efforts in reducing emissions, and the company has already provided services for green hydrogen and chlorine production pilot programs, signaling a strategic move into new energy markets.
  5. Modest Net Pricing Gains: Anticipated net pricing improvements, particularly within its well construction and subsea businesses, are expected to contribute to revenue growth and a 1% to 2% margin expansion. This indicates that Expro aims to capture additional value for its specialized services.

AI Analysis | Feedback

Share Repurchases

  • In February 2026, Expro authorized a new share repurchase program of up to $100 million, valid through December 31, 2026.
  • The company recently completed a prior share buyback program totaling $87.26 million.
  • Approximately $10 million was utilized to repurchase 1 million shares in Q1 2025 under a previous authorization.

Share Issuance

  • The formation of Expro Group Holdings N.V. on October 1, 2021, resulted from an all-stock merger with Legacy Expro (Expro Group Holdings International Limited), with Frank's International N.V. being renamed.
  • The weighted average shares outstanding saw a significant increase of 8808.14% in 2021.

Outbound Investments

  • Expro acquired PRT Offshore in 2023, which is leveraging Expro's global footprint for improved asset utilization and revenue.
  • The integration of Coretrax is proceeding well, demonstrating strong market penetration in the Middle East and Australia.

Capital Expenditures

  • Capital expenditures were -$112.39 million in the last 12 months.
  • For the full year 2025, capital expenditures were projected to be approximately $95 million.
  • The company is committed to a disciplined approach to capital allocation, investing in value-enhancing growth and innovation.

Better Bets vs. Expro (XPRO)

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

XPROSLBHALBKRWFRDFTIMedian
NameExpro SLB Hallibur.Baker Hu.Weatherf.TechnipF. 
Mkt Price15.9357.2841.4766.06108.7970.9961.67
Mkt Cap1.885.934.765.47.828.431.6
Rev LTM1,58435,94022,16927,8934,87710,19216,180
Op Inc LTM1045,1892,9833,6146791,4832,233
FCF LTM894,4121,6782,2924671,3441,511
FCF 3Y Avg494,5912,1342,1475431,1051,619
CFO LTM1946,3162,8223,6016701,6552,239
CFO 3Y Avg1746,6283,4673,4147841,3792,397

Growth & Margins

XPROSLBHALBKRWFRDFTIMedian
NameExpro SLB Hallibur.Baker Hu.Weatherf.TechnipF. 
Rev Chg LTM-7.9%-0.4%-1.7%0.2%-8.8%9.9%-1.0%
Rev Chg 3Y Avg6.3%6.5%0.8%8.4%2.6%14.2%6.4%
Rev Chg Q-6.0%2.7%-0.3%2.5%-3.4%11.6%1.1%
QoQ Delta Rev Chg LTM-1.4%0.6%-0.1%0.6%-0.8%2.6%0.3%
Op Inc Chg LTM-19.8%-17.2%-20.2%4.0%-26.4%37.3%-18.5%
Op Inc Chg 3Y Avg67.8%5.3%-4.2%21.9%10.2%86.5%16.1%
Op Mgn LTM6.6%14.4%13.5%13.0%13.9%14.6%13.7%
Op Mgn 3Y Avg5.8%16.2%15.9%12.0%16.0%11.4%14.0%
QoQ Delta Op Mgn LTM-0.6%-0.8%-0.5%0.1%-0.6%0.5%-0.5%
CFO/Rev LTM12.2%17.6%12.7%12.9%13.7%16.2%13.3%
CFO/Rev 3Y Avg10.7%18.8%15.3%12.5%15.1%14.8%15.0%
FCF/Rev LTM5.6%12.3%7.6%8.2%9.6%13.2%8.9%
FCF/Rev 3Y Avg3.0%13.0%9.4%7.9%10.5%11.8%9.9%

Valuation

XPROSLBHALBKRWFRDFTIMedian
NameExpro SLB Hallibur.Baker Hu.Weatherf.TechnipF. 
Mkt Cap1.885.934.765.47.828.431.6
P/S1.12.41.62.31.62.82.0
P/Op Inc17.316.511.618.111.519.216.9
P/EBIT19.818.214.617.011.319.317.6
P/E49.325.822.521.016.926.224.2
P/CFO9.313.612.318.211.717.212.9
Total Yield2.0%5.8%6.1%6.2%6.9%4.1%5.9%
Dividend Yield0.0%1.9%1.7%1.4%0.9%0.3%1.2%
FCF Yield 3Y Avg2.9%6.6%7.5%4.9%9.1%7.0%6.8%
D/E0.10.10.20.20.20.00.2
Net D/E0.00.10.20.00.10.00.1

Returns

XPROSLBHALBKRWFRDFTIMedian
NameExpro SLB Hallibur.Baker Hu.Weatherf.TechnipF. 
1M Rtn-7.2%5.4%6.0%6.0%8.0%-1.6%5.7%
3M Rtn-10.5%12.6%18.7%6.5%4.4%12.0%9.3%
6M Rtn15.4%60.5%62.4%36.1%49.2%61.1%54.8%
12M Rtn102.4%74.9%113.5%83.7%138.9%141.1%107.9%
3Y Rtn-9.6%34.2%45.2%149.9%88.1%414.8%66.7%
1M Excs Rtn-11.9%-0.5%-0.5%-2.4%0.8%-7.1%-1.5%
3M Excs Rtn-21.7%2.5%9.0%-5.2%-5.4%1.4%-1.9%
6M Excs Rtn6.1%49.4%46.0%24.7%39.6%49.2%42.8%
12M Excs Rtn77.1%46.4%86.2%55.5%114.6%110.7%81.7%
3Y Excs Rtn-87.9%-40.8%-26.2%78.6%13.7%360.0%-6.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment1,7131,513 826675
Well construction  500  
Well management  779  
Total1,7131,5131,279826675


Price Behavior

Price Behavior
Market Price$15.93 
Market Cap ($ Bil)1.8 
First Trading Date08/09/2013 
Distance from 52W High-13.4% 
   50 Days200 Days
DMA Price$16.83$14.66
DMA Trendupindeterminate
Distance from DMA-5.4%8.6%
 3M1YR
Volatility46.2%58.9%
Downside Capture23.16-8.44
Upside Capture-24.2777.30
Correlation (SPY)5.5%20.6%
XPRO Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta-0.240.540.711.051.201.41
Up Beta-0.240.110.661.151.551.74
Down Beta-6.311.192.162.002.271.81
Up Capture21%46%59%95%114%63%
Bmk +ve Days15223166141428
Stock +ve Days12223460127378
Down Capture-25%68%6%50%31%103%
Bmk -ve Days4183056108321
Stock -ve Days9192761119359

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XPRO
XPRO118.4%58.6%1.55-
Sector ETF (XLE)49.9%20.2%1.8951.1%
Equity (SPY)29.5%12.0%1.8619.6%
Gold (GLD)35.5%26.8%1.115.4%
Commodities (DBC)42.9%18.7%1.7721.7%
Real Estate (VNQ)15.2%13.1%0.8226.1%
Bitcoin (BTCUSD)-29.5%41.7%-0.7318.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XPRO
XPRO-5.8%57.5%0.12-
Sector ETF (XLE)21.2%26.0%0.7361.5%
Equity (SPY)14.0%17.0%0.6436.9%
Gold (GLD)18.8%18.0%0.859.8%
Commodities (DBC)10.4%19.4%0.4240.1%
Real Estate (VNQ)3.8%18.8%0.1027.3%
Bitcoin (BTCUSD)12.2%55.3%0.4215.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XPRO
XPRO-15.0%65.5%0.04-
Sector ETF (XLE)10.6%29.5%0.4061.3%
Equity (SPY)15.7%17.9%0.7541.5%
Gold (GLD)13.0%16.0%0.671.7%
Commodities (DBC)7.8%17.9%0.3536.0%
Real Estate (VNQ)5.5%20.7%0.2331.3%
Bitcoin (BTCUSD)67.2%66.9%1.0610.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity6.6 Mil
Short Interest: % Change Since 415202612.1%
Average Daily Volume1.2 Mil
Days-to-Cover Short Interest5.3 days
Basic Shares Quantity113.6 Mil
Short % of Basic Shares5.8%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-1.2%-12.2% 
2/19/20266.1%3.3%0.0%
10/23/20250.1%4.4%-2.5%
7/29/202532.1%15.8%35.2%
2/25/2025-0.4%-16.9%-17.9%
10/24/2024-8.8%-12.3%-11.3%
7/25/20241.1%-1.5%-15.7%
2/21/20240.5%-3.5%0.6%
...
SUMMARY STATS   
# Positive111014
# Negative11127
Median Positive2.4%8.3%8.1%
Median Negative-4.1%-3.7%-15.7%
Max Positive32.1%55.9%35.2%
Max Negative-17.4%-23.3%-23.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202502/19/202610-K
09/30/202510/23/202510-Q
06/30/202507/29/202510-Q
03/31/202504/30/202510-Q
12/31/202402/25/202510-K
09/30/202410/24/202410-Q
06/30/202407/25/202410-Q
03/31/202404/25/202410-Q
12/31/202302/21/202410-K
09/30/202310/26/202310-Q
06/30/202307/27/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue1.60 Bil1.62 Bil1.65 Bil0 AffirmedGuidance: 1.62 Bil for 2026
2026 Adjusted EBITDA355.00 Mil365.00 Mil375.00 Mil0 AffirmedGuidance: 365.00 Mil for 2026
2026 Capital expenditure110.00 Mil115.00 Mil120.00 Mil0 AffirmedGuidance: 115.00 Mil for 2026
2026 Adjusted free cash flow125.00 Mil135.00 Mil145.00 Mil0 AffirmedGuidance: 135.00 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/19/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue360.00 Mil365.00 Mil370.00 Mil   
Q1 2026 Adjusted EBITDA60.00 Mil65.00 Mil70.00 Mil   
2026 Revenue1.60 Bil1.62 Bil1.65 Bil0 AffirmedGuidance: 1.62 Bil for 2025
2026 Adjusted EBITDA355.00 Mil365.00 Mil375.00 Mil2.8%10000000RaisedGuidance: 355.00 Mil for 2025
2026 Capital Expenditures110.00 Mil115.00 Mil120.00 Mil0 AffirmedGuidance: 115.00 Mil for 2025
2026 Adjusted Free Cash Flow125.00 Mil135.00 Mil145.00 Mil17.4%20000000RaisedGuidance: 115.00 Mil for 2025

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Whelley, Eileen Goss DirectSell60320258.172,71222,169367,100Form
2Troe, Lisa L DirectSell60320258.172,71222,169367,100Form