Expro publishes Q3 2026 earnings call transcript
XPRO•Expro raised its 2026 adjusted free cash flow guidance to $140 million-$150 million, while fourth-quarter adjusted EBITDA expectations fell approximately $20 million as work shifted into 2027. Third-quarter revenue was $440 million and adjusted EBITDA was $91 million, a 21% margin.
1. Quarterly results and guidance
Expro reported third-quarter revenue of $440 million and adjusted EBITDA of $91 million, representing a 21% margin. It raised its 2026 adjusted free cash flow guidance to $140 million-$150 million despite delayed fourth-quarter activity.
2. Work shifts into 2027
Fourth-quarter adjusted EBITDA expectations fell approximately $20 million as Gulf subsea operations and Colombian intervention work shifted into 2027. Management preliminarily expects mid-teens adjusted EBITDA growth in 2027, with adjusted free cash flow increasing more than 20%.
