TGS announces Q2 2026 results OSLO, Norway (23 July 2026) - TGS today reports interim financial results for Q2 2026. Financial highlights: - Revenues of USD 400 million driven by high multi-client activity and strong sales in North and South America, and West Africa - EBITDA of USD 244 million, up 60% compared to Q2 2025 - Operating profit (EBIT) of USD 120 million, compared to a loss of USD 22 million in Q2 2025 - Streamer utilization of 94%, highest since Q3 2013 - Strong order inflow of USD 377 million resulting in a total order backlog of USD 756 million, a Y/Y increase of 78% - Solid balance sheet allows for stable dividend payment of USD 0.155 per share to be paid in Q3 2026 - Balance sheet further strengthened by the completion of the sale of the North American well data business after quarter end for a price of more than USD 100 million - 2026 guidance update: - Multi-client investments for 2026 expected to be approximately USD 550 million compared to previous expectation of USD 500-575 million - Second half gross operating cost expected to be in line with annual run rate of USD 950 million - OBN activity expected to average approximately 2 normalized crew counts “With revenues up 30% and EBITDA up 60% y/y, TGS delivered strong financial results for Q2 2026, driven by a combination of growing demand for our multi-client data and solid operational execution. We saw a high activity level in the quarter, with streamer utilization reaching its highest level since Q3 2013. Strong demand for our multi-client programs in the most attractive oil and gas basins of the world, supports continued revenue growth and attractive long-term returns from the multi-client business. Order intake was strong, highlighted by several milestone contract