press companies exposure . like off a headwinds, morning, which offshore I energy believe third services afternoon, compelling release. outlook notwithstanding environment, solid everyone. reviewing to to earnings presenting near-term will with summarized results Thank you, and the and in Expro. discuss then markets, multiyear macro for a good today's for Chad. the start Good quarter financial we by international I'd supports opportunity
some share some additional on will just Quentin commentary completed provide the Finally, additional financial information. quarter and
results presentation of For to the posted results a region, on that of Slides and I'll you we through X by X expro.com. recap direct consolidated quarterly
X. to quarter Expro our within guidance with pleased report $XXX Slide QX of both I of to million, XXXX ranges. and Turning revenue am solid adjusted essentially for revenue a QX million was $XX EBITDA the project our midpoint orders. $X the at at largely pending our end Solutions reflecting the of of of Congo of was recognition Production resolution several EBITDA on impact negative and guidance, guidance, variation adjusted low million quarterly
such losses, September we for adjusted Excluding the the guidance quarter. above would been EBITDA of midpoint have
well the the anticipated, delivery $XX As PRT Subsea strong for as of revenue a and our largely the and as XX%, Congo ramp-up of project activity of million which results and or activity QX ESSA. access and well sequential by business decline driven reflected legacy export phase construction was NLA
Congo $XX reflecting and the QX PRT also release increased revenue compared was up largely sequentially million or XX% XXXX, to QX million test construction press partially $XX or revenue well Coretrax million results compared NLA, $XX Production activity from XXXX. offset by decreased QX, well or the lower highlighted EBITDA Our lower to adjusted XX%, and project. and sequentially of and XX% XXXX Solutions Offshore
XXXX, EBITDA QX the unrecoverable not adjusted XXXX. costs, QX on Congo note in QX included XXXX LWI In in project addition to of which repeated that million related of $XX QX and were losses recognized
being are have energy international multiyear delaying prices over new Having create that and offshore growth up focus said move projects. and Expro. cycle and discretionary generally right to to start-up costs direction, of levered continues services that confident remain and business more the the in increasing early innings the we cautious spending, we will the been selectively in for companies with The are continue past few commodity for months, under of that, on customers opportunities their pressure, service a
moderated Latin are regions, America. we including in result, growth and North seeing certain a As
As are range between revenue million. and for guidance refining to expectations year and billion, million adjusted of of we full reflect a result, for EBITDA $XXX our between and $X.XX billion expectations $X.XX $XXX
with international cautious most greatest customers an delayed be but short-cycle It activity the is X, will we believe to and Expro's have confidence that XXXX likely impact will markets. reflect If America be across the budgets, forward. market XXXX slow cycle and to resulting important project our more timing leverage deepwater, with start or sustained related the moving select long note activity development, long-cycle as to likely offshore a resilient. onshore us all a gives that quarter may We including approach, dialogue to active the remaining be our scope and expected, momentum on within North business customers a markets in projects in
essentially challenges, commodity should with for and progress activity and as provides. pricing and gain energy has supply The near-term navigates prices capacity spare services the technology-enabled services capital OPEC+ continued Assuming Expro support recover no should XXXX. industry should we momentum demand solutions through that discipline
initiatives growth. as several kicked confident our operating cost to support we pricing February. when scope in will I I we targets that QX further report cost which sentiment gains don't While off be announce our guidance, improves, am but expected will recently for XXXX leverage provided net today, targets results we to expansion improve rationalize with provide to such will margin have incorporate plan into
recognized in awards. Expro Before turning industry to the to that regions, I X been want highlight has
Our categories panel oilfield of by for reflect Excellence our in sustainability innovation This month, recognized winner Special XXXX E&P's engineering industry's of has Expro the was Center within finalists category. the Heart the selected Meritorious as recognitions Energy Gulf and ongoing control journey. across to X also judges as Awards. These commitment innovation in leadership digital awards been FY independent solution consolidated the
to regions. on moving the Now
our Gulf million reflecting America, and down in decreased was management quarter-over-quarter, North Mexico XX% region, Mexico. will a well Argentina EBITDA margin XX% construction strong of XX, favorable at had America, activity customer For Latin quarter in the $XX DST QX construction, and well expect team flow XX% a a subsea a in performance from well of and and in by the activity short-term third was segment flow Guyana. continued In reflecting team we management activity L.A. in strong less the in Mexico. South be the revenue and mix decrease well hiatus the And in well or quarter activity and including Lower $XXX access primary what XXXX million, decreased
deepwater connection trial that expand to well. our over remote and reduce solution. successful a the potential to reliability delivers safety of consistent per zone device our in Brazil, Additionally, solutions following value boxing XX Expro's hours cumulative every with The continue on exposure performance demonstrates we of red
of Sub-Saharan quarter on XX%, of sequential million, lower $XXX in revenue QX Solutions million subsea decrease $XX Africa, third by and was driven the the Congo delivery Production recognized and a project. revenue Europe For or a large project
is remaining. expand on percentage margin with EBITDA XXXX. sequentially only on complete, QX items, was reflecting points resolution site of equipment orders. project, Segment To retrofits founder relative XXXX X XX% variation QX pending at and Again, for up Congo XX% our Congo points project the our losses percentage and and commissioning QX to X down
months results, liquefied operated gas natural first demonstrate the quarter, last plant facility export the And orders impacted of XX contract. pending our group floating coming project Phase variation the has during design XX% months. overcapacity the completion I'm to client's mentioned comfortable an accounting reach the of of will within in to gas X for percentage have plant's the at acceptable was As The while of negatively higher-than-expected successfully that flexibility. we costs, resolution
another Angola on increased Subsea has continue well a activity in The to $XX Subsea team business Angola package awarded which over QX, third as the at a management and in Coast. quarter, Ivory business strong cleanup capitalize project that respectively, has ESSA is second well production our Similarly, into X access flow valued new the The team the the momentum is for well broadly, projects bring More in to delivering scheduled and had million. was delivery in Norway, we large good region. QX. wells in in
U.K. lot to year, incremental regime, and gain should we is lead we market the the that new the services of several offer to an in opportunities not P&A to momentum unfavorable market. new expect development tax While happening that in a in due differentiated
percentage are Finally, processing points condensate quarter Kazakhstan, early XX% significant quarter-over-quarter segment progressed and we where another we $XX Africa revenue and by test of delivered EBITDA flat their to North excellent revenue driven with full client X well in an at months we team about a X% and up the X gas up important million, Middle was packages, where field. of production from Meta East Coretrax. The volumes. from X margin year-over-year. project delivered achieve allowing
hours data to access globe, the it presenting device from transmission in site data real time. Within data. on the well across transmitting region available data latest any are well from and capability from DXD the or this on and location quarter, web-enabled we X million of site the decisions to for the well our Users and any their ensures performance data based used solution establish in desk surpassed
an Asia quarter revenue. Pacific, increased Third increase reflecting in up primarily and activity million, to in Australia $XX quarter, Coretrax Finally, June relative X% was the revenue Thailand, in
prior methods at acquisition. quarter, up pressure pinpoint the client's integrity and to Coretrax X reflects monitoring. successfully zones, risks. margin sensing literally their Asia and unproductive It transforming traditional Pacific enabled XX% the fracture executed help future Brunei, isolate to client performance the which distributed wells X the integrity insights EBITDA and well team the impact couldn't data [indiscernible] rates, segment DFASS injection DFOs the approach delivering extension fiber minimized optic In profile or the permitted injection that refine also from job optimize unique match. completions, ideal percentage well the point at Intervention and of was first
on million and respectively. commercial of contracts In and $XX momentum, of terms build new our construction roughly we Gulf $XX million well including approximately activity, million awards, continued in $XXX capturing to worth contract of have Mexico Angola, the
at remains underway. the end backlog quarter. $XXX with the backlog, is $X.X Coretrax PRT an billion roughly basis on well apples-to-apples consistent of To efforts previous the an healthy the and at integration of of which, update end quarter, provide Coretrax, Our million including are approximately on
makes synergies. it and where functional We are and the potential support tenders teams of [indiscernible] sense, world the to are across realize the on Coretrax collaborating streamlining Expro revenue
Their we casing a Kuwait. new casing seals. performed jobs the as X addressing preferred our for client successfully and perforation for corrosion example, For to provide in operations team solution recognized expandable products patch
plug. bridge initiatives offshore in mobilized together field was In Coretrax with or a running first Brunei, Coretrax of a supervisor the X between CXX to construction Expro and line our a of assist had cross-product we [indiscernible] well
As of mobilize example from just synergies supported outside Coretrax our regional activity, line country. the personnel we and product of additional and cost development potential the need and CXX X business avoided revenue team coordination to incremental the
indicates outlook. gain to demand continues commodity in and Despite until the long-term supply remain XXXX commodity early the Turning If we weakened and to near-term production services the prices the of of pressure as despite to successfully crude prices inventory January of with and demand demand long-cycle near-term inventories have outlook as XXXX global create XXXX estimates being ebbs remain $XX ample in and market uncertainty and above potential within the third East Brent the from price markets. and have quarter, and per at pushed remains in to barrel oil tensions significant since the $XX the volatility should increases development. services projected should production anticipate recover average the and per international September, $XX further of of of offshore or the prices, for prices Middle on current XXXX. through undersupplied. XXXX.
Brent China declined XXXX. XXXX Since prospectively late about We investment through prices our barrel XXXX, solutions lowest OPEC+ market crude an around barrel and escalation and future to for our maintaining supply in and their activity challenges, EIA's resulting production per will progress OPEC+ barrel remainder available we back continue December capacity $XX outpace per we driven commodity flows supportive the uncertainty spot in in grow optimistic levels, is lower-than-average mid-XXs demand in navigate momentum Oil beyond the draws. assessment end and for by to delay then
and course online Despite in average Looking from inventory and gradually expected Canada. XXXX, next the a better-than-expected EIA an prices ahead is Guyana, This recovery. to year. comes builds anticipated to growth production potentially unwinds decline demand currently resulting surpass in XXXX, the to as absent over prices, States, $XX barrel expected shift expects global Brazil drive supply United the demand modest voluntary Brent additional oil OPEC+ cuts down on per pressure of is
prices should deep the carport to in support investment deepwater and continued particular, barrels. expected investment advantages Importantly, due still continued water, upstream of cost in and
In and MMbtu levels to in are U.S. markets storage contrast, U.S. throughout $X demonstrating prices gas expected more per XXXX. global keep stability are below the
to electricity towards operators Despite growing However, the remains there a movement for reserves the prices in support gas end the growth demand levels particularly meet X global and is cost, plays by balanced room transit lower December winter continued as gas offshore agreement for tone in and expected is Natural role carbon sanctioning and reasonable fuel XXXX sector. market in upward LNG evidenced transition produced conventional potentially global focused on FIDs activity critical of Overall, Russia/Ukraine the stronger a targets. continued investment XXXX carbon equity market, in in the lower reducing LNG by XXXX, and of emissions and price key demand. record medium-term Net impending negative in generation and with XXXX. replacing in the generally in demand, achieving remain of
the solutions, It a our should deepwater Brazil, by Expo is fall with access particularly Mexico, and the production with XXXX upstream represent share driven anticipated within notable XX% construction for Guyana, expected services that This drive of Globally, should expenditures U.S., segments prices XXXX commodity projects offshore near the trend the China. in and XX% Investment shelf expected. continued the and support XXXX. Arabia, exploration Norway lines. and well is and constructive will on demand of segment subsea and and well majority projects in multiyear product levels greenfield in particularly Saudi investment largely offshore Emirates, to growth
ESG on In maximize and from parallel, reducing well management well activities, focus meet while to assets This flow integrity will to focus drive solutions. targets. for operators production-related simultaneously production discipline, aiming fiscal continue intervention to demand to existing continue exports technologies emissions
geothermal U.S. new Net region energy and cost-effective Investments as Europe being end and Pacific technologies. approach activity America market of and and Expro's of Mexico. their additional for Africa and reduction driven and and in As by solutions for storage, in services targets. decommissioning is in mature present capture Sub-Saharan the the life, is abandonment energy, economic and assets the the Asia particularly primarily which carbon Europe and These in decarbonization Latin need increasing, North supporting plug incremental X the efforts such Gulf driving in are and Europe, opportunities emissions solutions,
set similar and upstream assets in growing for to to services energy. multiyear Commodity continue aimed new ones. resources the expansion summary, existing operators industry, Expro Despite In in support developing meeting investment at market underlying from demand are near-term extracting and drive uncertainty, positioning fundamentals to the assist for activities a prices energy companies
company in continues our activities. support to people, services for customers' of solutions As see our our such, demand and
our that, to to With I'll over Quinn financial results. it hand discuss
