TGS Q2 FY26 EBIT turns to profit at USD 120 million; EBITDA rises 60% Y/Y to USD 244 million

Reuters2026/07/23 05:10

By:Reuters

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TGS posted Q2 2026 revenue of USD 400 million; EBITDA climbed 60% year over year to USD 244 million.
Operating profit swung to USD 120 million from an operating loss in Q2 2025.
Order intake reached USD 377 million; order backlog rose 78% year over year to USD 756 million.
Streamer utilization increased to 94%, the highest level since Q3 2013.
Maintained a USD 0.155 per-share dividend for payment in Q3 2026; completed the North American well data business sale for more than USD 100 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TGS ASA published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TGS Q2 FY26 EBIT turns to profit at USD 120 million; EBITDA rises 60% Y/Y to USD 244 million

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