Q4 2022 TGS ASA Earnings Call Transcript
Good morning, everyone, and welcome to TGS Q4 2022 Earnings Release. My name is Kristian Johansen. I'm the CEO of TGS. And with me today, I have our CFO, Sven Borre Larsen. So I'll give you a chance to read the forward-looking statements, before I go to the first slide of the presentation, which are the highlights from Q4. So we had total POC revenues of about $227 million in Q4 that compares to about $120 million in Q4 of 2021.
I'm particularly pleased about our late sales that grew from about $136 million -- grew to $136.6 million in Q4 this year or in 2022, that compares to about $53 million in Q4 of 2021. We had early sales of about $31 million as compared to $55 million in Q4 of 2021. And last but not least, Magseis Fairfield was consolidated from October 11 and contributing to about $54 million to revenues after the intercompany eliminations due to working for TGS in that period.
The EBITDA based on POC was about $151.4 million and that compares to $84 million in Q4 of 2021. We continue to have a robust balance sheet. We have cash or net
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