Brief: PGS Q3 EBITDA Up At $98.1 Mln

PGS ASA

26/10/2022 07:20

Oct 26 (Reuters) - PGS ASA  PGS.OL :
    * Q3 REVENUES AND OTHER INCOME OF $198.5 MILLION, COMPARED
TO
$141.7 MILLION IN Q3 2021
    * Q3 EBITDA OF $98.1 MILLION, COMPARED TO $65.6 MILLION IN
Q3 2021
    * POSITIVE MOMENTUM IN SEISMIC MARKET FURTHER STRENGTHENED
IN Q3
    * WE ARE NOW FULLY BOOKED FOR 2022 AND HAVE SECURED 11
VESSEL
MONTHS FOR Q1 2023
    * SEISMIC ACQUISITION MARKET IS LIKELY TO BENEFIT FROM A
SIGNIFICANT REDUCTION OF OPERATED VESSEL SUPPLY OVER SEVERAL
YEARS
    * EXPECTS FULL YEAR 2022 GROSS CASH COSTS TO BE
APPROXIMATELY $500
MILLION.
    * 2022 MULTICLIENT CASH INVESTMENTS ARE EXPECTED TO BE
APPROXIMATELY $110 MILLION, DOWN FROM $125 MILLION EARLIER
GUIDED.
    * APPROXIMATELY 70% OF 2022 ACTIVE 3D VESSEL TIME IS
EXPECTED TO
BE ALLOCATED TO CONTRACT WORK, UP FROM APPROXIMATELY 65% EARLIER
GUIDED

Source text for Eikon:  ID:nGNEbCj3pS 
Further company coverage:  PGS.OL 
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