TGS ASA

TGS ASA

12.99
EUR
-0.26
(-1.96%)
-0.11EPS
2.26BMarket Cap
Oct 22Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.64
8.98
6.04
4.49
4.83
6
5.42
3.08
4.44
6.08
6.29
8.06
7.78
6.47
Basic EPS, GAAP
2.63
2.12
-0.28
0.28
0.74
1.75
1.05
-1.43
-0.65
0.75
0.17
0.58
0.09
-0.12
Free Cash Flow per Basic Share
0.8
1.39
0.55
0.82
1.11
0.98
1.9
-0.31
1.37
1.01
1.16
1.18
1.94
0.94
Dividend per Share
1.39
1.42
1.11
0.59
0.62
0.8
1.06
0.75
0.56
0.56
0.56
0.56
0.62
0.62
Book Value per Share
12.66
13.21
11.8
11.51
11.74
12.02
13.19
10.82
9.61
9.93
9.74
10.58
10.08
9.92
Tangible Book Value per Share
3.95
4.38
2.78
2.75
3.13
2.79
1.3
-0.02
0.7
1.69
0.49
0.8
0.58
0.01
Basic Weighted Avg Shares
102
102
101
102
102
102
108
117
117
118
126
164
196
196
Sales/Revenue/Turnover
883
915
612
456
492
614
586
360
519
717
794
1,318
1,527
1,266
Operating Margin (%)
43.8
38.14
-3.47
11.63
19.8
37.45
29.33
-4.57
-0.19
21.12
7.67
15.19
12.25
8.13
Depreciation Expense
346
467
520
310
312
280
326
488
478
407
331
499
714
601
Net Income, GAAP
269
216
-28
28
76
179
113
-167
-76
88
22
94
18
-24
Effective Tax Rate (%)
29.45
25.06
- -
47.5
24.13
24.48
13.79
- -
- -
31.74
58.27
36.14
81.35
241.86
Profit Margin (%)
30.47
23.58
-4.63
6.19
15.36
29.11
19.32
-46.53
-14.65
12.25
2.73
7.15
1.2
-1.93
Working Capital
390
385
253
282
329
315
128
-101
-11
9
-139
-436
-427
-501
LT Debt
4
- -
- -
- -
3
3
22
45
33
29
41
623
722
680
Total Equity
1,293
1,339
1,198
1,169
1,200
1,233
1,546
1,269
1,115
1,240
1,276
2,076
1,981
1,951
Return on Invested Capital (%)
20.85
15.74
- -
2.34
6.13
13.96
7.73
- -
- -
6.59
1.51
5.47
1.1
-4.21
Return on Capital (%)
21.99
16.37
- -
2.48
6.44
14.73
8.23
- -
- -
7.05
1.86
5.34
1.12
-4.67
Return on Common Equity (%)
21.88
16.39
-2.24
2.38
6.38
14.7
8.14
-11.9
-6.37
7.47
1.72
5.62
0.9
-1.22

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
196
118
123
LT Borrowings
606
576
596
LT Finance Leases
116
99
84
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
196
196
197
Market Capitalization
1,780
2,725
2,577

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
755
668
695
Cash, Cash Equivalents & STI
212
184
125
Accounts Receivable, Net
208
113
91
Inventories
19
- -
- -
Total Current Liabilities
1,182
1,248
1,197
Payables & Accruals
- -
- -
- -
ST Debt
196
118
123
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.05%
12.02%
-4.57%
Free Cash Flow
-34.9%
-82.04%
97%
Net Income, GAAP
-27.08%
-18.18%
-80.57%
Sales/Revenue/Turnover
13.89%
34.97%
15.83%
Total Cash Common Dividend
5.03%
8.99%
32.86%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
152
224
451
491
1,318
2025
496
334
- -
272
1,527
2026
287
373
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.13
0.27
0.19
0.19
0.58
2025
0.05
-0.31
- -
0.03
0.09
2026
-0.05
0.2
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
0.14
0.14
0.14
0.56
2025
0.16
0.16
- -
0.16
0.62
2026
0.16
0.16
- -
- -
- -

Company Description

CEO
Kristian Kuvaas Johansen
Full Time Employees
1,640
Sector
Technology services
Industry
Data processing services
Address
Lilleakerveien 4c Oslo AK Norway 0283
IPO Date
Jul 9, 1998
Business
TGS ASA provides geoscience data and intelligence services to the global energy industry; its core offerings encompass a comprehensive multi-client seismic data library covering mature, emerging, and frontier basins worldwide; geophysical data including multi-client seismic surveys; geological data such as well data products and interpretive studies; advanced imaging services featuring 2D and 3D seismic imaging in depth and time domains, marine, land, and ocean bottom node (OBN) acquisition with GeoStreamer technology across seven Ramform vessels; data processing and analytics; cloud-based data applications and solutions; new energy solutions including digitized subsurface models for offshore wind, solar, geothermal, carbon capture and storage (CCS), and offshore minerals; high-performance computing; and integrated subsurface insights supporting exploration, production, and energy transition initiatives. TGS ASA operates globally with key offices in Oslo (Norway), Houston (Texas), London (UK), Rio de Janeiro (Brazil), Perth (Australia), Kuala Lumpur (Malaysia), and Egypt, serving oil and gas exploration companies, renewable energy developers, and national oil firms across diverse markets. Founded in 1981 and headquartered at Askekroken 11 in Oslo, Norway, the company, formerly TGS-NOPEC Geophysical Company ASA until its name change in June 2021, employs nearly 2,000 people and lists on the Oslo Stock Exchange (TGS.OL) as part of the OBX Index, with OTCQX trading under TGSNF and TGSGY. In July 2024, TGS ASA completed its $865 million merger with PGS ASA, forming an integrated energy data and services powerhouse enhancing multi-client libraries, acquisition capabilities, imaging technologies, and new energy offerings, complemented by a new executive team and strategic capital markets updates; recent developments include a three-year capacity agreement with Chevron for marine streamer and OBN services in November 2025, an OBN contract award in Europe in December 2025, extensions and new agreements with governments of Somalia and Comores for offshore data marketing in November 2025, multi-client projects in India Andaman and Brazil Pelotas Basin, a partnership with EOLOS for floating LiDAR wind data in October 2025, $550 million senior secured notes issuance and new credit facilities in November 2024, and planned 2025 multi-client investments of $425-475 million.

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