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ElectroMagnetic GeoServices ASA ( (DE:E2M) ) has provided an announcement.
EMGS reported a vessel utilization rate of 24% for the third quarter of 2025, a decrease from 40% in the same period in 2024, with the Atlantic Guardian completing its North Sea surveys. The company does not anticipate multi-client revenue for the quarter, expecting to recognize revenue from these surveys in the fourth quarter, impacting its financial outlook.
More about ElectroMagnetic GeoServices ASA
Electromagnetic Geoservices ASA (EMGS) is a leader in the marine electromagnetic (EM) market, providing technology that assists oil and gas companies in offshore hydrocarbon exploration. EMGS offers services from survey design to data interpretation, integrating EM data with seismic and other geological information to enhance exploration efficiency and reduce costs. Their technology is also applicable in detecting marine mineral deposits and supporting offshore construction activities.
Average Trading Volume: 128,294
Current Market Cap: NOK168.3M
For an in-depth examination of E2M stock, go to TipRanks’ Overview page.