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    TGS — TGS ASA News Story

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    Brief: TGS Lowers 2025 Guidance For Gross Operating Expenses, Capex

    Picture of TGS ASA logoTGS ASA
    09/05/2025 06:31
    May 9 (Reuters) - TGS ASA TGS.OL:

Q1 ORDER BACKLOG USD 600 MILLION

2025 GUIDANCE FOR GROSS OPERATING EXPENSES AND CAPITAL EXPENDITURES LOWERED TO APPROXIMATELY USD 1,000 MILLION AND APPROXIMATELY USD 135 MILLION

Q1 PRODUCED EBITDA $257.7 MILLION

Q1 REVENUE $451 MILLION

FOR 2025, THE INDUSTRY HAS SECURED MORE THAN  70% OF 2024 REVENUES

LIKELY LOWER INDUSTRY OBN REVENUES IN 2025

Source text: ID:nGNE9VdTk4

Further company coverage: TGS.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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