What were the primary revenue and profitability metrics for Expro in the second quarter of 2026?

Expro reported Q2 2026 revenue of $393 million. The company generated a net income of $2 million and an Adjusted EBITDA of $76 million, which represents a 19.3% margin.

How did Expro perform in terms of cash flow and liquidity?

The company posted strong cash generation, reporting $81 million in cash flow from operations (20.7% of revenue) and $56 million in Adjusted free cash flow. Expro concluded the second quarter with $492 million in total liquidity.

What shareholder return activities did Expro execute during the quarter?

During the second quarter, Expro repurchased approximately 1.3 million of its own shares at an average price of $15.42 per share, returning a total of $20 million to shareholders.

How did the stock market react to Expro's Q2 2026 earnings report?

Expro shares remained relatively flat following the announcement. The market reaction was muted as a modest top-line revenue beat was offset by an earnings-per-share miss.

What factors impacted Expro's quarterly performance and future guidance?

Management stated that the quarter saw a good sequential increase from Q1, though results were tempered by ongoing conflict in the Middle East. Due to these prolonged disruptions, Expro lowered its full-year 2026 Adjusted EBITDA guidance to between $355 million and $365 million.

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Expro delivers $393 million Q2 revenue and continues share repurchases

Written by Heidi Cuthbert Published Jul 28, 2026, 12:27 PM

Expro (NYSE:XPRO) reported second-quarter 2026 revenue of $393 million, representing a sequential increase from the first quarter despite ongoing Middle East disruptions.
The company generated $76 million in adjusted EBITDA with a 19.3% margin, alongside $56 million in adjusted free cash flow.
Shares of Expro remained flat in after-hours trading as the top-line revenue beat was offset by lower-than-expected earnings per share.

Expro (NYSE:XPRO) reported its financial and operational results for the second quarter of 2026 on July 28, 2026, posting top-line revenue of $393 million.

The energy services company recorded a net income of $2 million and an adjusted EBITDA of $76 million, translating to an adjusted EBITDA margin of 19.3%.

Despite the revenue figure exceeding analyst consensus estimates, Expro's adjusted earnings of $0.15 per share fell short of expectations, causing the stock to trade flat following the announcement.

Management noted that while the second quarter represented a solid sequential improvement from a seasonally low first quarter, overall results were tempered by prolonged disruptions related to conflicts in the Middle East.

Expro continued to execute its disciplined capital allocation strategy during the period.

The company generated $81 million in cash flow from operations—accounting for 20.7% of its revenue—and reported $56 million in Adjusted free cash flow.

This liquidity supported the repurchase of approximately 1.3 million shares for $20 million, at an average price of $15.42 per share.

Expro ended the quarter with a robust liquidity position of $492 million.

Looking ahead, Expro revised its full-year 2026 adjusted EBITDA guidance slightly downward to a range of $355 million to $365 million, citing the extended impacts of the Middle East conflict.

However, the company remains optimistic about the medium-to-long-term outlook for the offshore market, expecting second-half adjusted EBITDA margins to exceed 24%.

Expro delivers $393 million Q2 revenue and continues share repurchases

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Expro delivers $393 million Q2 revenue and continues share repurchases

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