TGS ASA Q3 2025 Update: Strong Performance and Future Outlook

Author: Addison Perry Updated: 10-08-2025 01:15 AM

TGS ASA's Q3 2025 Operational Highlights

TGS ASA, known for its leadership in energy data and intelligence, has shared an impressive operational update for Q3 2025. The company's commitment to transparency is evident as they release this quarterly report shortly after the quarter's end, providing valuable insights to stakeholders and industry enthusiasts.

Operational Metrics Overview

In this quarter, a notable focus has been placed on the normalized Ocean Bottom Node (OBN) crew count. The data indicates significant improvements in operational efficiency.

Normalized Crew Count Comparison

During Q3 2025, TGS reported a normalized crew count of 1.8 for contracts, a sharp decline from 3.8 in Q3 2024. Multi-client crew count saw a rise to 1.0 from zero in the previous year, showcasing TGS's adaptability and strategic planning.

Active Seismic Streamer Vessel Capacity

The allocation of active seismic streamer 3D vessel capacity highlights TGS's operational capabilities:

Vessel Capacity Allocation

In Q3 2025, contract capacity constituted 45%, demonstrating a significant increase from the 20% in Q3 2024. Meanwhile, multi-client capacity dropped to 28% from 57%, indicating a shift in focus towards more contract work.

Financial Forecast and Investments

Looking forward, TGS anticipates its multi-client investment for Q3 2025 to be around USD 86 million, a reduction from USD 129.4 million the previous year. This decrease emphasizes a strategic approach to investment based on market conditions and project demands.

CEO Insights on Performance

CEO Kristian Johansen highlighted, "The asset utilization rates exceeded expectations this quarter, with a normalized OBN crew count rising to 2.8 and streamer vessel utilization reaching 73%. Our team successfully optimized scheduling and outperformed anticipated work levels for both streamer and OBN operations." Such commentary reflects strong leadership and a robust operational strategy.

Upcoming Events and Presentations

The anticipated release of TGS’s Q3 results is set for 07:00 a.m. CEST on 23 October 2025. Leaders Kristian Johansen and CFO Sven Børre Larsen will present these results during a live webcast at 09:00 a.m. The webcast aims to engage stakeholders and provide detailed insights into TGS's operational developments.

About TGS ASA

TGS ASA extends its market presence by providing advanced data and intelligence solutions for the energy sector. Through innovative technology and extensive data resources, they empower companies to navigate their energy production landscapes more effectively. With a well-established global data library, TGS stands as a trusted ally for energy resource exploration and production.

Frequently Asked Questions

What is TGS ASA's primary business focus?

TGS ASA specializes in delivering energy data and intelligence to support companies in the energy sector.

How did TGS ASA's normalized crew count change from Q3 2024 to Q3 2025?

The normalized crew count for contracts dropped from 3.8 in Q3 2024 to 1.8 in Q3 2025, while the multi-client crew count increased from 0 to 1.0.

What is the expected investment for TGS ASA in Q3 2025?

TGS ASA anticipates a multi-client investment of around USD 86 million for Q3 2025.

When will TGS ASA's Q3 2025 results be released?

The results will be published at 07:00 a.m. CEST on 23 October 2025.

Who can I contact for more information about TGS ASA?

For additional inquiries, you can reach Bård Stenberg, VP of Investor Relations and Business Intelligence, at +47 992 45 235 or via email at investor@tgs.com.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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