TGS announces Q3 2025 results OSLO, Norway (23 October 2025) - TGS today reports interim financial results for Q3 2025. Financial highlights: Recovery after weak second quarter - Q3 revenues of USD 388 million, a 26% sequential growthSolid multi-client performance with sales-to-investment of 1.9x year-to-dateOrder inflow of USD 436 million during Q3 2025 – total order backlog of USD 473 millionStrong cash flow reducing net debt to USD 432 million, compared to USD 479 million at the end of Q2 2025Solid balance sheet allows for stable dividend payment of USD 0.155 per share to be paid in Q4...
TGS Quarterly Dividend OSLO, NORWAY (23 October 2025) – Following the authorization from the Annual General Meeting on 8 May 2025, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.155 per share (NOK 1.56 per share) in Q3 2025. Key information relating to the cash dividend: Dividend amount and declared currency: USD 0.155 per share (equivalent to NOK 1.56 per share)Last trading day including right: 29 October 2025Ex-date: 30 October 2025Record date: 31 October 2025Payment date: 13 November 2025Date of approval: 22 October 2025 About...
TGS Announces 3D Seismic Onshore Survey in the Uinta Basin OSLO, Norway (23 October 2025) – TGS, a global provider of energy data and intelligence, announces the Roosevelt 3D seismic onshore survey in the Uinta Basin. Covering 202 square miles of full fold data, this survey marks TGS’ first multi-client project in the region and a significant step in advancing exploration within one of North America’s prominent basins. Kristian Johansen, CEO of TGS, commented, “The Roosevelt 3D survey is a pivotal milestone in our expansion into the Uinta Basin. Through the application of advanced subsurfa...
TGS Awarded OBN 4D Contract in GoA OSLO, Norway (20 October 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of an OBN acquisition contract in Gulf of America. The 4D monitor survey is scheduled to commence in Q4 2025, and the acquisition duration is approximately 4.5 months. The contract was not included in the booked position disclosed in TGS’ Q2 2025 presentation. Kristian Johansen, CEO of TGS, commented, "The Gulf of America is a core market for our OBN business, and we are very pleased to secure this contract for a repeat IOC customer. ...
TGS secures Streamer Acquisition Contract OSLO, Norway (15 October 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a streamer acquisition contract in Africa. Acquisition is scheduled to commence in Q4 this year and the contract has a duration of approximately 50 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this work program and look forward to supporting our client’s exploration efforts in the region with our proven technology and expertise. By leveraging the Ramform acquisition platform, coupled with ou...
TGS Q3 2025 Operational Update OSLO, Norway (8 October 2025) – TGS ASA (“TGS”), a leading global provider of energy data and intelligence, routinely publishes a quarterly operational update six working days after quarter-end. The table below shows TGS’ normalized Ocean Bottom Node (OBN) crew count¹: Q3 2025Q3 2024Normalized crew count Contract11.83.8Normalized crew count Multi-client11.00.0 1) The table shows the average number of crews in operation when assuming a normalized crew size. The table below shows TGS’ allocation of active seismic streamer 3D vessel capacity2: Q3 2025Q3 20...
TGS Webcast Details for Q3 2025 Presentation Oslo, Norway (6 October 2025) - TGS, a leading global provider of energy data and intelligence will release its Q3 2025 results at approximately 07:00 a.m. CEST on 23 October. CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 a.m. CEST on 23 October at House of Oslo, Ruseløkkveien 34 in Oslo, Norway. The presentation is open to the public and will be webcasted live. Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use the link on the front pa...
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