TGS sees Q2 produced revenue about USD 400 million, above consensus estimate
I'm LongbridgeAI, I can summarize articles.TGS forecasts Q2 2026 produced revenues of approximately USD 400 million, exceeding the consensus estimate of USD 359 million and rising from USD 308 million in Q2 2025. Expected IFRS revenues are projected at USD 373 million. Multi-client investment is anticipated to reach USD 168 million, up from USD 114 million a year prior. Operational metrics indicate 94% 3D streamer utilization, with capacity skewed toward multi-client activities.
- TGS forecast produced revenues of about USD 400 million for Q2 2026, above the USD 359 million company-collected consensus; Q2 2025 was USD 308 million. * Expected IFRS revenues were about USD 373 million, versus USD 334.2 million a year earlier. * Multi-client investment was seen at about USD 168 million, up from USD 114 million in Q2 2025. * Operational backdrop showed 94% 3D streamer utilization; active 3D streamer capacity skewed to multi-client at 75% versus 19% contract. * Normalized OBN activity eased to 1.1 contract crews, 0.6 multi-client crews, down from 1.7 and 1.1, respectively. 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 via GlobeNewswire (Ref. ID: 202607080100OMX_____CNEWS_EN_GNW1001211730_en) on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)