---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029022"
form_type: "8-K"
ticker: "XPRO"
cik: "0001575828"
company_name: "EXPRO GROUP HOLDINGS N.V."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:33:07.046315+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Expro Q3 net loss $14M, revenue down 7% QoQ; LWI incident costs $15M; $100M buyback authorized

## Summary
- Revenue $370M (-7% QoQ, +11% YoY); net loss $14M (diluted EPS -$0.10) vs net income $9M in Q2.
- Adjusted EBITDA $50M (-31% QoQ), margin 14%; LWI unrecoverable costs $15M, excluding which Adj EBITDA would be $66M.
- NLA revenue $105M (-22% QoQ) due to lower US onshore and dry wells; ESSA $135M (-2%); APAC $71M (+10%) but segment EBITDA -$4M on LWI.
- Stock repurchase program extended: up to $100M through Nov 2024.
- Cash $257M, debt $50M; revolver amended to $250M with 3-year extension.

## SEC filing metadata
- accession: 0001437749-23-029022
- form_type: 8-K
- ticker: XPRO
- cik: 0001575828
- company_name: EXPRO GROUP HOLDINGS N.V.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575828/000143774923029022/0001437749-23-029022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575828/000143774923029022/fi20230826_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029022
- JSON: https://secwatch.observer/filing/0001437749-23-029022.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029022.txt

## Key facts
- Earnings Releases
  EXPRO GROUP HOLDINGS N.V. reported the quarter ended September 30, 2023 results: revenue $370 million, net income Net loss of $14 million, EPS $0.10 per diluted share.
  - Period: the quarter ended September 30, 2023
  - Revenue: $370 million
  - Net income: Net loss of $14 million
  - EPS: $0.10 per diluted share
  - Result: reported results
  source text: 2 ex_565010.htm EXHIBIT 99.1 ex_565010.htm Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE EXPRO GROUP HOLDINGS N.V. ANNOUNCES THIRD QUARTER 2023 RESULTS Revenue of $370 million, down 7% sequentially and up 11% year-over-year. Net loss of $14 million, as compared to net income of $9 million for the second quarter of 2023 and net loss of $18 million for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575828/000143774923029022/0001437749-23-029022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.