Feb 09, 2023 / 12:30PM GMT
Kristian Kuvaas Johansen - TGS ASA - CEO
Good morning, everyone, and welcome to TGS Q4 2022 Earnings Release. My name is Kristian Johansen. I'm the CEO of TGS. And with me today, I have our CFO, Sven Borre Larsen. So I'll give you a chance to read the forward-looking statements, before I go to the first slide of the presentation, which are the highlights from Q4. So we had total POC revenues of about $227 million in Q4 that compares to about $120 million in Q4 of 2021.
I'm particularly pleased about our late sales that grew from about $136 million -- grew to $136.6 million in Q4 this year or in 2022, that compares to about $53 million in Q4 of 2021. We had early sales of about $31 million as compared to $55 million in Q4 of 2021. And last but not least, Magseis Fairfield was consolidated from October 11 and contributing to about $54 million to revenues after the intercompany eliminations due to working for TGS in that period.
The EBITDA based on POC was about $151.4 million and that compares to $84 million in Q4 of 2021. We continue to have a robust balance sheet. We have cash or net
Q4 2022 TGS ASA Earnings Call Transcript
Feb 15, 2024
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