In addition to our extensive global geophysical and geological data libraries, we also offer advanced processing and imaging services, interpretation products, and robust data-application integration. Access the industry’s largest volume of geoscience data through TGS’ cloud-based web portal, R360.R360 Login
TGS places great emphasis on providing accurate and timely information to the market and shareholders. Our flexible, asset-light business model and ability to adjust costs rapidly continue to allow us to deliver significant shareholder value—even in a difficult market.Learn More
It is our vision to become the leading energy information company with the best people, quality and service. Our unique culture, people and quality library will ensure that when E&P companies think geoscientific data, they think TGS.Discover How
At TGS, we place great emphasis on providing accurate and timely information on our performance and projects to the market and shareholders. Here you can access our latest news, download articles or technical papers from our library, or learn more about our upcoming conferences and events.Discover How
Our most important competitive advantage is our people. The outstanding work of our project developers, geologists, geoscientists, data processors, sales and support people has made TGS the leading multi-client player. They’re the reason TGS delivers superior project quality and financial performance year after year.Discover How
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ASKER, NORWAY (1 November 2012) - TGS reports net revenues of USD 245 million in Q3 2012, compared to USD 160 million in Q3 2011, a 53% increase. This is the highest quarterly revenue figure in the Company's history. Net late sales totaled USD 139 million, up 53% from Q3 2011. TGS' operating profit (EBIT) was USD 101.3 million (41% of net revenues), compared to USD 61.0 million (38% of net revenues) in Q3 2011.
3rd QUARTER HIGHLIGHTS
9 MONTHS FINANCIAL HIGHLIGHTS
"We are pleased to announce another record quarter, both in terms of revenue and operating profit," TGS' CEO Robert Hobbs stated. "Our customers are continuing to show strong interest in funding new surveys, and our existing library continues to perform well. TGS' revised revenue guidance reflects a strong seismic market providing good opportunities for profitable growth."
To access TGS Q3 2012 results information, click on the links below or go to the Company website at www.tgs.com:
Q3 2012 Conference Call
CEO Robert Hobbs and CFO Kristian Johansen will also host a conference call on 1 November 2012 at 14:00 CET (9:00 AM New York time). Attendees may want to call 5-10 minutes before 14:00 CET (9:00 AM NY) to ensure registration and access.
Participants will need to quote the following confirmation code when dialing into the conference: 8842580.
A Q&A session will follow a short introduction, based upon the presentation issued in the morning. To pose a question, please press *1.
A replay of the conference call will be available shortly after. To access replay of the TGS conference call,
A replay of the conference call will also be available at www.tgs.com.