Brief: TGS Reports Q4 Total Order Backlog At $706 Million

TGS ASA

12/02/2026 06:40

Feb 12 (Reuters) - TGS ASA TGS.OL:

Q4 REVENUES OF USD 363 MILLION, DRIVEN BY STRONG MULTI-CLIENT PERFORMANCE (SALES-TO-INVESTMENT OF 2.0X FOR FULL YEAR 2025)

Q4 TOTAL ORDER BACKLOG INCREASED TO USD 706 MILLION

Q4 PRODUCED EBITDA USD 227.1 MILLION VERSUS USD 267.1 MILLION YEAR AGO

Q4 PRODUCED EBIT USD 71.6 MILLION VERSUS USD 91.6 MILLION YEAR AGO

STABLE DIVIDEND PAYMENT OF USD 0.155 PER SHARE TO BE PAID IN Q1 2026

2026 GUIDANCE: MULTI-CLIENT INVESTMENT IN RANGE OF USD 500-575 MILLION SUPPORTED BY STRONG CUSTOMER COMMITMENTS, UP FROM USD 447 MILLION IN 2025

2026 GUIDANCE: GROSS OPERATING COST OF APPROXIMATELY USD 950 MILLION

2026 GUIDANCE: CAPEX AT APPROXIMATELY SAME LEVEL AS IN 2025

CEO: DUE TO OIL PRICE UNCERTAINTY AND ELEVATED GEOPOLITICAL RISKS, WE DO NOT EXPECT NOTABLE IMPROVEMENTS IN MARKET CONDITIONS IN THE NEAR FUTURE

Source text: ID:nGNEfGxBY

Further company coverage: TGS.OL

 (Gdansk Newsroom)

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