TGS ASA (FRA:TGC)
€ 8.305 0.095 (1.16%) Market Cap: 1.64 Bil Enterprise Value: 2.24 Bil PE Ratio: 37.20 PB Ratio: 0.88 GF Score: 86/100
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Q1 2021 TGS NOPEC Geophysical Company ASA Earnings Call Transcript

May 12, 2021 / 01:00PM GMT
Release Date Price: €11.8 (-8.10%)
Operator

Hello, and welcome to TGS' Q1 2021 Earnings Release Call. (Operator Instructions) And just to remind you that this conference call is being recorded. I am now pleased to present Kristian Johansen, CEO. Please go ahead with your meeting.

Kristian Kuvaas Johansen
TGS-NOPEC Geophysical Company ASA - CEO

Thank you very much, and good morning, everyone. Welcome to this investor call. This is Kristian Johansen, CEO of TGS, and I'm doing this call from our operational headquarter in Houston. With me from Oslo, I have our CFO, Fredrik Amundsen; and our EVP of Operations and New Energy Solutions, Jan Schoolmeesters.

Before we start the Q&A session, let me just reemphasize a key message from our Q1 earnings release today. Net segment revenues amounted to $75 million in Q1 of 2021. This compared to about $152 million in Q1 of last year. Segment EBITDA was $51 million versus $126 million in the same quarter of 2020. Free cash flow was $84 million in Q1, up from $1 million in Q1 of last year. Including shareholder distribution of $19 million, the cash holding

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