Expro Group Holdings N.V. presented its outlook for energy services at the J.P. Morgan Energy, Power, Renewables & Mining Conference, acknowledging a potential for a modestly oversupplied oil market into 2026. Despite this, the company expects international and offshore markets, to which it is highly leveraged, to remain relatively resilient.
The company reaffirmed its medium-term financial targets, aiming for $2 billion in revenue, a 25% Adjusted EBITDA margin, and a 10% free cash flow margin. Expro emphasized its market-leading positions in deepwater well construction, subsea well access, and well flow management as key drivers for achieving these goals.
Expro's investment thesis highlights its strong financial profile, which provides strategic and financial optionality to accelerate growth and return capital to shareholders. The company believes its current valuation implies a compelling risk/reward dynamic for investors focused on fundamentals rather than near-term macro-driven trading catalysts.
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