Brief: PGS Expects Produced Revenues For Q2 2023 Of About $186 Mln

PGS ASA

11/07/2023 08:19

July 11 (Reuters) - PGS ASA  PGS.OL :
    * Q2 2023 UPDATE
    * EXPECTS TO REPORT REVENUES AND OTHER INCOME ACCORDING TO
IFRS
FOR Q2 2023 OF ABOUT $156 MLN, COMPARED TO $273.6 MLN IN Q2 2022
    * EXPECTS PRODUCED REVENUES FOR Q2 2023 OF ABOUT $186 MLN,
COMPARED TO $209.7 MLN IN Q2 2022
    * CONTRACT REVENUES ENDED AT ABOUT $71 MLN IN Q2 2023,
COMPARED TO
$62.8 MLN IN Q2 2022
    * MULTICLIENT LATE SALES REVENUES WERE ABOUT $55 MLN IN Q2
2023,
COMPARED TO $108.2 MLN IN Q2 2022
    * CONTRACT REVENUES IN QUARTER INCLUDE ABOUT $5 MLN RELATING
TO
OUR FIRST OFFSHORE WIND SITE CHARACTERIZATION SURVEY IN IRISH
SEA
    * OF MULTICLIENT LATE SALES WHICH MORE THAN DOUBLED
SEQUENTIALLY
FROM Q1
    * ESTIMATED PRODUCED MULTICLIENT PRE-FUNDING REVENUES* IN Q2
2023
WERE ABOUT $54 MLN COMPARED TO $32.6 MLN IN Q2 2022
    * IFRS REVENUES FOR Q2 WERE LOWER THAN PREVIOUSLY ESTIMATED
DUE TO
CHANGES TO DELIVERY TIME FOR COMPLETED DATA

Source text for Eikon:  ID:nGNE4yBxd0 
Further company coverage:  PGS.OL 

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