TGS Q2 2025 Results: Impacted by Postponed Library Data Purchases and Lower JV Participation

TGS has announced Q2 2025 results with multi-client revenues impacted by postponed data purchases and low client commitment, challenging operational conditions for a contract project, and lower-than-expected JV partner participation. Order inflow was $133 million, total order backlog is $425 million, and net cash flow was $11 million. Gross operating costs for 2025 are expected to be approximately $950 million, down from previous guidance of $1,000 million.