TGS announced second-quarter 2026 revenue of USD 400 million, driven by high multi-client activity and strong sales in North and South America and West Africa. EBITDA rose 60% year-over-year to USD 244 million, while operating profit reached USD 120 million compared to a loss of USD 22 million in the same quarter last year. Streamer utilization hit 94%, the highest since the third quarter of 2013, and order inflow of USD 377 million pushed the total backlog to USD 756 million, a 78% increase from a year earlier. The company also raised its 2026 multi-client investment guidance to approximately USD 550 million from a previous range of USD 500 million to USD 575 million, and completed the sale of its North American well data business for more than USD 100 million after the quarter ended.
TGS NOPEC Geophysical Company ASARevenue and EBITDA beat expectations, operating profit swung to profit, and backlog surged 78%.