TGS ASA TGS
Oslo Børs · Energy · Oil & Gas Equipment & Services
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Annual accounts for TGS
| USD million | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 717 | 794 | 1,318 | 1,527 |
| EBITDA | 541 | 393 | 682 | 889 |
| Net income | 88 | 22 | 94 | 18 |
| Balance sheet | ||||
| Equity | 1,236 | 1,275 | 2,075 | 1,980 |
| Total debt | 149 | 133 | 899 | 918 |
| Cash | 187 | 197 | 123 | 212 |
| Net debt | −38 | −64 | 776 | 706 |
| Ratios and per share | ||||
| EBITDA margin | 75.5% | 49.5% | 51.7% | 58.2% |
| Profit margin | 12.3% | 2.7% | 7.1% | 1.2% |
| Return on equity | 7.1% | 1.7% | 4.5% | 0.9% |
| Earnings/share (USD) | 0.71 | 0.17 | 0.48 | 0.09 |
| Book value/share (USD) | 9.93 | 9.74 | 10.58 | 10.08 |
| Shares outstanding (M) | 124 | 131 | 196 | 196 |
From the annual statements (Yahoo Finance), in the currency the company reports in. Per-share figures use the shares at the year end. Charts and annual figures →
Quarterly figures from the reports
BetaFrom the company's own reports: 12 reports read by AI, every figure checked against the report's page and arithmetic.
Source: the Q3 2026 report, page 11, published 2026-10-22.
| Quarter | Revenue | Operating profit | Profit | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 2026 | 428 | 93 | 52 | 0.27 | … | Q3 2026, p. 11 |
| Q2 2026 | 373 | 57 | 40 | 0.20 | … | Q2 2026, p. 11 |
| Q1 2026 | 287 | 22 | −11 | −0.05 | … | Q1 2026, p. 10 |
| Q4 2025 | 0 | 0 | 0 | 0.03 | … | Q4 2025, p. 10 |
| Q3 2025 | 424 | 115 | 62 | 0.32 | … | Q3 2025, p. 10 |
| Q2 2025 | 334 | −18 | −60 | −0.31 | … | Q2 2025, p. 9 |
| Q1 2025 | 496 | 59 | 10 | 0.05 | … | Q1 2025, p. 9 |
| Q4 2024 | 491 | 90 | 38 | 0.19 | … | Q4 2024, p. 9 |
| Q3 2024 | 451 | 60 | 38 | 0.19 | … | Q3 2024, p. 10 |
| Q2 2024 | 224 | 55 | 35 | 0.27 | … | Q2 2024, p. 8 |
| Q1 2024 | 152 | −9 | −16 | −0.13 | … | Q1 2025, p. 9 |
| Q4 2023 | 189 | 11 | −9 | −0.07 | … | Q4 2024, p. 9 |
Amounts in USD million, EPS in USD. Each quarter as first reported, as a backtest would have seen it. Adjusted EPS (without one-off items) is shown once the one-off items have been checked against the companies' own adjusted figures.
One-off items in the reports
- 2026-09-30 Gain on sale of the North American well data products business (A2D / Well Data Products), booked as other income; excluded from EBITDA and EBIT excluding extraordinary items: +40.6 USD million (Q3 2026, p. 5)
- 2026-06-30 reversal of accruals recognised in previous periods: +9.2 USD million (Q2 2026, p. 6)
- 2026-06-30 Impairment of the multi-client library: +1.8 USD million (Q2 2026, p. 20)
- 2026-03-31 non-cash charge related to accruals of employee benefits: +8.0 USD million (Q1 2026, p. 5)
- 2025-12-31 Impairments of USD 10.6 million to various fixed assets, mainly related to leasehold improvement balances and right-of-use assets for office buildings: +10.6 USD million (Q4 2025, p. 8)
- 2025-12-31 Impairment of the multi-client library: +2.3 USD million (Q4 2025, p. 4)
- 2025-09-30 Impairment of the multi-client library: −2.3 USD million (Q3 2026, p. 5)
- 2025-09-30 net decrease in Goodwill: +4.1 USD million (Q3 2025, p. 24)
Found by AI and still being validated: hover for the report's own words.
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Extracted by an AI model from the reports and can be wrong. Not investment advice.
Key figures
| P/E | 146.4 |
| P/B | 1.4 |
| EV / EBITDA | 3.8 |
| Net debt / EBITDA | 0.8 |
| Return on equity | 0.9% |
| Profit margin | 1.2% |
| Beta 1Y | 1.72 |
| Revenue growth 1Y | +15.8% |
| Revenue CAGR 3Y | +28.7% |
| Earnings/share CAGR 3Y | −49.1% |
| ROE avg. 3Y | 2.4% |
Ratios use the latest annual report that was public 90 days after the year end.
Dividends per share (NOK)
| 2026 | 5.85 |
| 2025 | 6.46 |
| 2024 | 6.03 |
| 2023 | 5.91 |
| 2022 | 5.47 |
| 2021 | 1.17 |
Not investment advice. Figures may contain errors from the data source.