Financial Performance - TGS reported strong financial performance in Q1 2025, with the multi-client segment significantly exceeding expectations due to robust sales of vintage library data in frontier areas [1] - The sales-to-investment ratio over the past four quarters was above 2x (pro-forma), highlighting the attractiveness of the multi-client model and the benefits of having a large and diversified data library [1] - There was a significant year-on-year improvement in asset utilization, contributing to solid contract revenues [5] Market Outlook - Despite recent oil price weakness adding short-term uncertainty, the long-term outlook for the energy sector remains positive [2] - E&P companies are struggling to replace reserves at current spending levels, indicating a need for more exploration to maintain production [2] Financial Metrics - Multi-client investment for Q1 2025 was USD 130 million, supported by solid pre-commitments from clients [5] - Order inflow during Q1 2025 was USD 302 million, resulting in a total order backlog of USD 600 million [5] - Strong cash flow reduced net debt to USD 453 million from USD 500 million at the end of 2024 [5] - The company plans to pay a stable dividend of USD 0.155 per share in Q2 2025 [5] Guidance and Adjustments - Guidance for gross operating expenses and capital expenditures has been lowered to approximately USD 1,000 million and USD 135 million, respectively, due to increased macro uncertainty [5]

Core Insights - TGS has secured a 4D streamer contract in the East Mediterranean, with acquisition set to begin in Q2 2025 and lasting approximately 90 days [1][2]. Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced data and technology solutions across the energy value chain [2]. - The company utilizes the Ramform acquisition platform and proprietary GeoStreamer technology to deliver high-quality 4D data to clients [2]. Industry Context - TGS supports exploration and production in the energy sector by providing a comprehensive range of insights and a diverse energy data library [2].

Core Points - Carel Hooijkaas received 12,536 shares from the 15,000 Restricted Share Units granted, with the remaining shares' fair market value used for withholding obligations [1] - After the transaction, Carel Hooijkaas owns a total of 50,694 shares in TGS, while TGS has 175,238 treasury shares remaining [2] Company Overview - TGS provides advanced data and intelligence to companies in the energy sector, utilizing leading-edge technology and solutions across the entire energy value chain [3] - The company offers a comprehensive range of insights to assist clients in making informed decisions, supported by a diverse energy data library [3]