Brief: TGS Reduces 2025 Capex Guidance To $110 Million

TGS ASA

23/10/2025 06:17

Oct 23 (Reuters) - TGS ASA TGS.OL:

TGS Q3 ORDER BACKLOG USD 473 MILLION

REPORTS Q3 REVENUES OF USD 388 MILLION, 26% GROWTH

Q3 ORDER INFLOW USD 436 MILLION, BACKLOG USD 473 MILLION

REDUCES NET DEBT TO USD 432 MILLION

REDUCES 2025 CAPEX GUIDANCE TO USD 110 MILLION

TO PAY USD 0.155 PER SHARE DIVIDEND IN Q4

SHORT-TERM OUTLOOK REMAINS UNCERTAIN DUE TO PRESSURE ON E&P COMPANIES' CASH FLOWS FROM LOW OIL PRICES

INCREASED INVESTMENTS IN NEW OIL AND GAS RESOURCES WILL BE ESSENTIAL TO MEET LONG-TERM DEMAND FORECASTS

Source text: ID:nGNE9BRCY6

Further company coverage: TGS.OL

 (Gdansk Newsroom)

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