Core Viewpoint - TGS, a leading global provider of energy data and intelligence, is set to release its Q4 2025 results on February 12, 2026, at 07:00 a.m. CET, with a public presentation following at 09:00 a.m. CET [1] Group 1 - The Q4 2025 earnings release and presentation will be accessible on TGS's official website and news platforms [2] - CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at Thon Hotel Vika Atrium in Oslo, Norway [1] - The presentation will be webcasted live, allowing broader access for stakeholders [1] Group 2 - TGS specializes in providing advanced data and intelligence to the energy sector, supporting exploration and production activities [3] - The company utilizes cutting-edge technology and a diverse energy data library to assist clients in making informed decisions [3] - TGS is recognized as a trusted partner in the global energy market, offering a comprehensive range of insights across the energy value chain [3]

Core Viewpoint - TGS ASA has reported significant changes in its operational metrics for Q4 2025, indicating a shift in its seismic vessel utilization and multi-client investment, which reflects a strong market position and operational efficiency [1][3]. Operational Metrics - The normalized Ocean Bottom Node (OBN) crew count for Q4 2025 was 0.7 for contracts and 1.0 for multi-client projects, compared to 3.5 and 0.0 respectively in Q4 2024 [1]. - The allocation of active seismic streamer 3D vessel capacity showed a decrease in contract work from 35% in Q4 2024 to 31% in Q4 2025, while multi-client work increased from 31% to 48% [2]. Financial Overview - TGS expects multi-client investment to reach approximately USD 120 million in Q4 2025, up from USD 100.4 million in Q4 2024 [2]. - The company reported a seismic vessel utilization rate of 79% in Q4 2025, an increase from 73% in the previous quarter [3]. - TGS has reduced its net interest-bearing debt to approximately USD 430 million, indicating a stronger balance sheet [3]. Future Outlook - The company has established a portfolio of multi-client projects offshore Brazil, with plans to maintain half of its streamer fleet in the region into 2026 [3]. - TGS will release its Q4 2025 results on February 12, 2026, with a live presentation by the CEO and CFO [3].

Core Insights - TGS has secured a multi-year enterprise agreement with a supermajor for the licensing of its Imaging AnyWare software suite, enhancing its position in geophysical technology innovation and commercial seismic processing software [1][2] Company Developments - The agreement signifies TGS' growing community of supermajor clients, reflecting confidence in the functionality of the Imaging AnyWare software [2] - The supermajor will implement the Imaging AnyWare software across its global exploration and production operations, which includes collaborative R&D opportunities and integration of proprietary technology [2] Industry Context - TGS provides advanced data and intelligence solutions across the energy value chain, supporting exploration and production of energy resources globally [3]

Core Insights - TGS has secured a 4D streamer contract in the Campos basin, offshore Brazil, with a survey scheduled for the second half of 2026 lasting approximately 75 days [1][2]. Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced technology and solutions across the entire energy value chain [3]. - The company utilizes proprietary GeoStreamer technology and purpose-built Ramform vessels to deliver high-quality data for optimizing production in the energy sector [2][3]. Contract Details - The awarded contract is for an independent energy company in Brazil, emphasizing TGS's capability to maintain industry-leading acquisition efficiency [2]. - The mobilization of the Ramform vessel for the survey is planned for the latter half of 2026 [1].

Core Insights - TGS has secured its first OBN contract for the 2026 season in Europe, with mobilization scheduled for early May 2026 and a contract duration of approximately 60 days [1][2]. Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced data technologies and solutions across the entire energy value chain [3]. - The company aims to build a robust acquisition campaign in Europe, capitalizing on several tenders for OBN projects planned for 2026 [2][3]. Technology and Execution - TGS's OBN technology has been recognized by a valued repeat customer, highlighting the company's proven track record in project execution and ability to deliver high-quality data on time [2].

Core Insights - TGS has launched a new multi-client 2D-cubed seismic project in the offshore Andaman region of India, utilizing 2D-cubed technology to convert 2D seismic data into a 3D volume for enhanced geological analysis [1][3] Project Overview - The project spans 640,000 km² and targets both shallow and deep-water siliciclastic sediment basins in the Andaman-Nicobar area, covering four blocks from the OALP-X bid round [2] - Recent gas discoveries offshore Andaman Island and ongoing deep-water drilling have heightened interest in the region, prompting this initiative [2] Strategic Importance - The India Andaman 2D-cubed project enhances TGS's regional multi-client coverage and enriches its existing data library for India, providing operators with improved subsurface information for exploration assessments [3] - TGS aims to support operators in accelerating decision-making in a promising frontier basin, as stated by the company's multi-client executive vice-president [4] Market Context - With hydrocarbon demand growing at approximately 3% annually, India's economic growth necessitates continued investment in exploration, making this dataset crucial for companies assessing new opportunities [5] - TGS combines extensive subsurface knowledge and imaging tools to offer operators new opportunities for improved drilling outcomes [5]

Core Insights - TGS has secured a five-year extension of contracts for Permanent Reservoir Monitoring (PRM) and 4D Ocean Bottom Node (OBN) surveys with a major international energy company, lasting until 2030 with options for an additional five years [1][2] Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced technology and solutions across the entire energy value chain, which supports exploration and production of energy resources globally [3] CEO Commentary - The CEO of TGS expressed satisfaction with the contract renewal, highlighting that it ensures continuity in PRM and source business, and emphasizes the high quality and cost-effectiveness of their seismic services [2]

Core Insights - TGS has announced the Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, covering approximately 14,800 square kilometers across 21 exploration blocks, primarily in un-held acreage expected to be included in upcoming bid rounds [1][3] Project Details - A Ramform Titan-class vessel will mobilize for the survey later in Q4 2025, with the project expected to run into Q3 2026, utilizing TGS GeoStreamer technology for high-resolution 3D seismic data [2] - The Pelotas Basin is characterized by early basin carbonates and passive margin clastic sequences, with three organic-rich intervals from Albian, Turonian, and Paleocene ages, attracting significant industry interest due to geological similarities with West Africa [3] Industry Context - CEO Kristian Johansen highlighted the acceleration of exploration activity in the Pelotas Norte Basin, with major oil companies increasing their presence, and emphasized that the survey will enhance seismic coverage and assist clients in understanding geological structures [4] - The addition of Pelotas Norte Phase I brings the total number of Ramform Titan-class vessels operating offshore Brazil to three for the remainder of 2025 and into 2026 [4]

Core Insights - TGS has announced the Roosevelt 3D seismic onshore survey in the Uinta Basin, marking its first multi-client project in the region and a significant advancement in exploration efforts in North America [1][2] Company Developments - The Roosevelt 3D survey is a pivotal milestone for TGS's expansion into the Uinta Basin, utilizing advanced subsurface imaging technologies to deliver high-resolution data that enhances geological modeling and supports informed reservoir exploration [2] - The survey targets key geological formations including the Green River, Wasatch, and Mesaverde formations, employing advanced processing techniques such as AVO & Phase Compliant processing flow, Ray Based Image Correction & Optimization (RICO), and Dynamic Matching diving wave and reflection FWI [2] - The survey will cover 667 wells and includes 459 LAS logs and 2,649 rasters, providing a comprehensive dataset for reservoir modeling and decision-making [2] Future Plans - The flexible design of the survey allows for adaptation to the evolving needs of the industry, with plans to integrate depth imaging capabilities in future phases [3] - Receiver tails have been implemented for continuous data acquisition, ensuring long-term adaptability for future exploration and development projects in the region [3] Timeline - Recording for the Roosevelt 3D survey is set to begin in late Q4 2025, with final acquisition expected to conclude in fall 2026, and preliminary data will be available during 2026 [4]

Core Insights - TGS reported solid financial results for Q3 2025 despite macroeconomic uncertainty and volatile oil prices, with contract revenues exceeding initial expectations due to strong library sales and higher asset utilization [1][2] - The company experienced a significant reduction in net debt, enhancing financial resilience and dividend capacity, while maintaining a cautious outlook due to low oil prices impacting E&P companies [2] Financial Performance - Q3 2025 revenues reached USD 388 million, reflecting a 26% sequential growth from the previous quarter [5] - The multi-client segment demonstrated solid performance with a sales-to-investment ratio of 1.9x year-to-date [5] - Order inflow during Q3 2025 amounted to USD 436 million, resulting in a total order backlog of USD 473 million [5] Cash Flow and Debt Management - Strong cash flow allowed TGS to reduce net debt to USD 432 million, down from USD 479 million at the end of Q2 2025 [5] - The company maintains a solid balance sheet, enabling a stable dividend payment of USD 0.155 per share scheduled for Q4 2025 [5] Capital Expenditure - TGS has revised its capex guidance for 2025 down to USD 110 million from the previous estimate of USD 135 million, reflecting continued scrutiny of cash outflow [5]