TGS announces Q4 2024 results

Financial Performance - TGS reported strong financial performance in Q4 2024 and for the full year, with a sales-to-investment ratio of 2.2x for the year [1] - The OBN segment showed continued strong momentum, and NES activities experienced significant growth [1] - Order inflow during Q4 2024 was USD 489 million, leading to a total produced order backlog of USD 749 million [4] Capital Structure and Dividends - The company successfully refinanced its balance sheet at attractive terms, reducing the interest rate of Senior Secured Notes from 13.5% to 8.5% and realizing synergies of approximately USD 35 million [4] - TGS increased its dividend by 11%, with a payment of USD 0.155 per share scheduled for Q1 2025 [1][4] Investment Outlook - Full-year pro-forma organic multi-client investments for 2024 were USD 425 million, with expectations for 2025 to be between USD 425 million and USD 475 million, supported by robust pre-funding [4] - The company built a robust vessel backlog going into 2025 due to several contract awards in the latter part of 2024 [1]