Expro Group Holdings N.V. has recently released its 10-Q report, providing an insight into the company's financial condition and operations. The company, founded in 1938 and based in Houston, Texas, provides energy services in various regions, including North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. Its services include well construction, well flow management, subsea well access, and well intervention and integrity solutions, catering to exploration and production companies in over 50 countries.
In the 10-Q report, Expro Group Holdings N.V. highlights its well construction products and services, including advanced technology solutions in tubular running services, tubular products, cementing, drilling, and wellbore cleanup. The company emphasizes its focus on innovation and efficiency in well construction, positioning itself as a market leader in deepwater tubular running services and solutions. Additionally, it has expanded its offerings to include lower-risk, open water cementing solutions and performance drilling tools.
The report also details the company's well management offerings, which encompass well flow management, subsea well access, and well intervention and integrity services. Expro Group Holdings N.V. provides comprehensive well flow management systems, subsea well access solutions, and well intervention technologies, including innovative solutions such as CoilHose™, Octopoda™, Galea™, and expandable casing patches.
Expro Group Holdings N.V. organizes and manages its operations geographically, with four operating segments: North and Latin America, Europe and Sub-Saharan Africa, Middle East and North Africa, and Asia-Pacific. The company's revenue is primarily derived from providing services in well construction, well flow management, subsea well access, and well intervention and integrity to operators globally, including equipment service charges, personnel charges, run charges, and consumables.
The 10-Q report also discusses the impact of commodity prices and market conditions on the company's business. It notes that the market for energy services is substantially dependent on the price of oil and gas, and highlights the continued demand for hydrocarbons as part of the global energy mix. The report provides an outlook on global liquids demand, production forecasts, and price expectations for Brent crude and natural gas, emphasizing Expro Group Holdings N.V.'s confidence in the underlying demand for hydrocarbons and the ongoing need for long-term investment.
The market has reacted to these announcements by moving the company's shares 5.55% to a price of $13.51. If you want to know more, read the company's complete 10-Q report here.
