TGS ASA posts $0.20 EPS as revenue climbs 30% YoY, with EBITDA surging 60% to $244.00M in Q2.
TGS ASA reported second-quarter fully diluted EPS of $0.20, driven by a 30.01% year-over-year increase in produced revenues to $400.30M. Statutory IFRS revenue grew 11.61% YoY to $373.00M.
EBITDA jumped 60.00% YoY to $244.00M, reflecting a 61.00% margin, while operating profit turned positive at $120.30M. The results mark a sharp improvement from prior periods, supported by stronger demand and operational efficiency.
No immediate market reaction was disclosed in the release.