REG-TGS Announces Q3 2026 Results
TGS reported Q3 2026 revenues of USD 397 million, up from USD 388 million a year earlier, with the highest contract revenues since Q4 2024 driven by strong 3D streamer and OBN activity. Profitability declined: EBITDA fell to USD 222 million from USD 242 million and EBIT to USD 86 million from USD 94 million, each including a USD 41 million gain on the sale of the well data business, with margins hit by operational challenges and low contract pricing. The positives are forward-looking: order backlog rose 52% YoY to USD 679 million, the streamer fleet is fully booked for Q4, and management expects contract pricing to improve from 2027.
Key figures
- Revenue
- 397000000
- Revenue Yoy
- 2%
- Ebit
- 86000000
- Ebitda
- 222000000
- Order inflow
- 357000000
- Order backlog
- 679000000
- Ebit prior year
- 94000000
- Ebitda prior year
- 242000000
- Order backlog yoy
- 52%
- Gain on sale well data business
- 41000000
- Multiclient investment guidance 2026
- 510000000
- Prior multiclient investment guidance
- 550000000
AI analysis
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