TGS Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

TGS (OB:TGS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$451.1m (up 100% from 3Q 2023).
• Net income: US$37.5m (up 124% from 3Q 2023).
• Profit margin: 8.3% (up from 7.4% in 3Q 2023).
• EPS: US$0.19 (up from US$0.13 in 3Q 2023).

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

TGS Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Energy Services industry in Norway.

Performance of the Norwegian Energy Services industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for TGS that you should be aware of.

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