# TGS ASA reports Q2 financial results The company's revenues and profitability increased significantly. - **Source:** [Breaking News on Seeking Alpha](https://brifing.si/source/9a596115-e1cc-45e7-b5ba-070be9ea2998) - **Published:** 2026-07-23 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/529596ed-d5d7-4a08-befa-aa61487eb5e1 ## TGS ASA's Q2 performance TGS ASA announced strong financial results for the second quarter of 2023. The company's revenues showed a significant increase compared to the previous year, and profitability ratios improved. These results reflect the success of its operations in the energy sector. ## Revenue growth TGS ASA's Q2 revenues reached $400.30 million, marking a 30% increase year-over-year. The company achieved this growth through the expansion of its activities in the energy sector and the success of its projects. ## EBITDA surge The company's EBITDA rose to $244 million, representing a 60% increase year-over-year. The EBITDA margin reached 61%, demonstrating TGS ASA's operational efficiency and profitability. ## Operating profit TGS ASA achieved an operating profit of $120.30 million in Q2. This indicates that the company has kept its operational costs under control and increased the profitability of its activities. ## Impact on the energy sector TGS ASA's financial performance reflects the general trends in the energy sector. The company has secured a strong position by benefiting from the growth and increased demand in the sector. ## Future expectations TGS ASA's Q2 results provide hope that the company will continue to perform similarly in future quarters. The continuation of its activities in the energy sector and the expansion of its projects will support the company's growth. ## Sources covering this story - https://seekingalpha.com/news/4617529-tgs-asa-reports-q2-results?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._