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TGS ( (GB:0MSJ) ) has shared an announcement.
TGS reported higher utilization of its seismic vessel fleet in the fourth quarter of 2025 and continued to pivot capacity toward multi-client projects, particularly offshore Brazil. Normalized Ocean Bottom Node activity shifted from contract to multi-client work year-on-year, while the share of streamer vessel capacity devoted to multi-client surveys increased to 48%, with stacked or standby time falling sharply. The company expects to have invested around USD 120 million in multi-client data in the quarter, up from USD 100.4 million a year earlier, reflecting a strengthened focus on building its library. Chief executive Kristian Johansen highlighted that seismic vessel utilization reached 79% and emphasized the development of an “attractive portfolio” of multi-client projects on Brazil’s equatorial margin and in the Pelotas basin, with half of the streamer fleet likely to remain in the region well into 2026. He said TGS enters 2026 with a strong market position, a leaner cost base and a robust balance sheet, underpinned by a reduction in net interest-bearing debt to about USD 430 million, signalling improved operational momentum and financial flexibility ahead of the full fourth-quarter results release in February.
The most recent analyst rating on (GB:0MSJ) stock is a Sell with a NOK55.00 price target. To see the full list of analyst forecasts on TGS stock, see the GB:0MSJ Stock Forecast page.
More about TGS
TGS ASA is a global provider of advanced energy data and intelligence, supplying seismic and other subsurface information and analytics to companies across the energy value chain. Leveraging leading-edge technology and an extensive, diversified energy data library, the company focuses on supporting exploration and production decisions for clients worldwide, positioning itself as a key partner to the oil, gas and broader energy sectors.
Average Trading Volume: 417,378
Current Market Cap: NOK18.14B
Learn more about 0MSJ stock on TipRanks’ Stock Analysis page.