Given a more muted near-term outlook, we expect cuts to consensus for the Acquisition business, but also soft utilisation of the soon-to-be-acquired PGS vessels in Q2, leaving investors few reasons to buy the stock near-term. We therefore reiterate our HOLD but have cut our target price to NOK125 (130) on our lower 2024–2026e proprietary revenue estimates.
TGS Quarterly Dividend OSLO, NORWAY (8 May 2024) – Following the authorization from the Annual General Meeting on 10 May 2023, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.14 per share (NOK 1.52 per share) in Q2 2024. Key information relating to the cash dividend: Dividend amount and declared currency: USD 0.14 per share (equivalent to NOK 1.52 per share)Last trading day including right: 15 May 2024 Ex-date: 16 May 2024Record date: 21 May 2024Payment date: 3 June 2024 Date of approval: 7 May 2024 Company Summary TGS ...
TGS Announces Q1 2024 Results OSLO, Norway (8 May 2024) - TGS today reported interim financial results for Q1 2024. The quarter reflected a strong development in multi-client late sales and high POC early sales rate, resulting in solid profitability in POC financials. Financial highlights: POC revenues (1) were USD 227 million compared to USD 229 million in Q1 2023 POC EBITDA of USD 143 million versus USD 119 million in Q1 2023POC operating result was USD 40 million compared to USD 25 million in Q1 2023 Contract inflow of USD 140 million during Q1 2024 compared to USD 248 million ...
Ero Copper Reports First Quarter Operating and Financial Results (all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce its operating and financial results for the three months ended March 31, 2024. Management will host a conference call tomorrow, Wednesday, May 8, 2024, at 11:30 a.m. eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTS The Tucumã Project is expected to ...
TGS Launches Multi-Client Wind and Metocean Measurement Campaign Offshore Germany OSLO, Norway (07 May 2024) – TGS, a global provider of energy data and intelligence, has today announced the commencement of its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea. The buoys are equipped with a multitude of sensors, allowing detailed measurements of wind, metocean and environmental data. The collected data is streamed to shore and used to enhance decision-making to support several current and future wind lease rounds in the German Bight...
MGP Names New Distilling Solutions Vice President Industry veteran Paul Lux joins company to continue execution of strategy for the segment ATCHISON, Kan., May 06, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc., (MGPI: Nasdaq), a leading producer of branded and distilled spirits as well as food ingredient solutions, has named Paul Lux as Vice President of Sales for the Distilling Solutions segment, effective today. Lux will work closely with Amel Pasagic, Chief Commercial Officer, on the continued execution of MGP’s strategy for the Distilling Solutions segment. “Paul knows how we oper...
TGS Secures New Ocean Bottom Node Data Acquisition Contract in North America OSLO, Norway (6 May 2024) – TGS, a leading global provider of energy data and intelligence, is pleased to announce the award of an Ocean Bottom Node (OBN) data acquisition contract in North America. This six-month-plus contract, granted by a returning client, reinforces TGS' position in the market and underscores its commitment to delivering high-quality seismic data solutions. The project is expected to enhance the client’s seismic data acquisition capabilities, facilitating more informed decision making. ...
Biogen Reports Progress on Corporate Responsibility Priorities Efforts focused on four areas: access and health equity, workforce and DE&I, community impact and the environment CAMBRIDGE, Mass., May 02, 2024 (GLOBE NEWSWIRE) -- Inc. (Nasdaq: BIIB) today announced publication of its detailing progress on the company’s commitment to making responsible business decisions in the best interests of all its stakeholders. “As we reflect on the past year and set our sights on the path ahead, I am truly inspired by the progress we have made to advance Biogen’s enduring legacy of pioneering inno...
MGP Ingredients Reports First Quarter 2024 Results Q1 results in line with expectations; Reiterates annual guidance ATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today reported results for the first quarter ended March 31, 2024. 2024 first quarter consolidated results compared to 2023 first quarter: Due to the Atchison distillery closure, sales decreased 15% to $170.6 million. Excluding the impact of the Atchison distillery in both periods, consolidated sa...
MGP Ingredients Declares $0.12 Quarterly Dividend ATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock. The dividend is payable on May 31, 2024 to stockholders of record as of May 17, 2024. About MGP Ingredients, Inc.MGP Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium branded and distilled spirits, as well as food ingredient solut...
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