TGS rises on Q3 EBITDA beat, capex cut

TGS ASA

23/10/2025 09:42

** Shares in TGS TGS.OL are up around 8% after the Norwegian oil service group's Q3 EBITDA beat expectations

**  "The improvement was driven by a continued focus on costs and positive effects from transfer fees," Kepler Cheuvreux says in a note

** The company said in a statement it will maintain a dividend payout of $0.155 per share in the fourth quarter

**  Group also confirms its guidance, with the exception of investments (capex), which are reduced, announcing lower investment needs

** Shares rise to their highest in more than 3 months and are on track for a best day in more than five years

 (Reporting by Jesus Calero)

 ((jesus.calero@thomsonreuters.com))