TGS ASA (OTCPK:TGSGY)
$ 11 -0.19 (-1.7%) Market Cap: 1.41 Bil Enterprise Value: 1.48 Bil PE Ratio: 110.00 PB Ratio: 1.17 GF Score: 78/100
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Q2 2022 TGS ASA Earnings Call Transcript

Jul 21, 2022 / 07:00AM GMT
Release Date Price: $13.01
Kristian Kuvaas Johansen
TGS ASA - CEO

Good morning, everyone, and welcome to TGS Q2 2022 Earnings Release. My name is Kristian Johansen, I'm the CEO of TGS. And with me today, I have our CFO Sven Børre Larsen, and our EVP of Digital Energy Solutions, Jan Schoolmeesters.

Let's have you read the forward-looking statements after the presentation is over. So I just jump straight to the highlights of Q2. So again, we've announced our numbers as we always do on the sixth business day of the quarter. So obviously, the revenues won't come as a big surprise to you, but I have to say we're extremely pleased about the quarter. It's a third quarter in a row now where we not only beat your expectations, but we actually beat our own expectations as well, which is always great.

We had strong late sales of $97 million in Q2 of 2022, and that compares to about $30 million in the same quarter of last year. The total revenues, if you include the prefunding revenues were $230 million, and that compares to $72 million in Q2 of 2021. So a significant year-on-year improvement on revenues this quarter. We

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