TGS First Quarter 2024 Earnings: US$0.13 loss per share (vs US$0.07 loss in 1Q 2023)

TGS (OB:TGS) First Quarter 2024 Results

Key Financial Results

• Revenue: US$152.1m (down 12% from 1Q 2023).
• Net loss: US$16.5m (loss widened by 90% from 1Q 2023).
• US$0.13 loss per share (further deteriorated from US$0.07 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TGS Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Energy Services industry in Norway.

Performance of the Norwegian Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - TGS has 4 warning signs (and 1 which is a bit unpleasant) we think you should know about.

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