News listings

energy-pedia general news

EMGS reports first quarter 2024 results


13 May 2024

Photo - see caption

Electromagnetic Geoservices (EMGS), the marine EM market leader, has reported its first quarter 2024 results.

Summary:

  • The Company recorded revenues of USD 0.2 million, down from USD 5.0 million in the first quarter of 2023 and down from USD 1.1 million in the fourth quarter of 2023.
  • Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 3.8 million, down from USD 2.4 million in the first quarter of 2023.
  • Free cash decreased with USD 1.6 million during the quarter, to USD 8.7 million.
  • The Atlantic Guardian completed the acquisition of the fully prefunded multi-client survey in the North Sea and started transiting towards Brazil.

Q1 2024 Report

Q1 2024 Presentation

Q1 2024 Presentation recording

Original announcement link

Source: EMGS





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 232

Completed Deals

Completed Upstream Deals: 6585

Company Profiles

Current Company Profiles: 2915

Corporate Activity

Current Corporate Activity articles: 4158

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1664

Geostudies

Current Geostudies articles: 974

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Rose & Assocs
Syntillica
OPC
Union Jack Oil 149
Bayphase
energy365
Borchwix
Government of South Australia
Telos NRG
Merlin
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com