Electromagnetic Geoservices ASA Reports Q3 2024 Earnings

Electromagnetic Geoservices ASA, a prominent player in the energy sector, has released its Q3 2024 earnings report. The company, known for its specialized electromagnetic (EM) surveying services, caters to the offshore oil and gas exploration industry globally. Headquartered in Trondheim, Norway, Electromagnetic Geoservices ASA offers a comprehensive suite of services, including planning, acquisition, processing, modeling, interpretation, and integration of EM data. Their patented EM survey method is particularly noted for its ability to detect hydrocarbons in offshore reservoirs.

The company’s stock has experienced significant fluctuations over the past year. It reached a 52-week high of 3.08 NOK on July 21, 2024, and a 52-week low of 1.608 NOK on April 3, 2025. As of the latest report, the stock’s close price was 2.16 NOK. The price-to-earnings ratio currently stands at 8.59, while the price-to-book ratio is 7.08, reflecting a mixed valuation assessment.

Electromagnetic Geoservices ASA’s market capitalization is 23,500,000 NOK. The company, founded in 2002, publicly launched its operations on March 30, 2007. It is listed on the Oslo Bors ASA and trades in Norwegian Krone (NOK).

The company’s offerings extend beyond EM surveying to include integrated interpretation consultancy, magnetotelluric survey, workflow integration, training, and controlled-source electromagnetic services. For more detailed information on their activities and services, interested parties can visit their website at www.emgs.com .

As Electromagnetic Geoservices ASA continues to innovate in the energy equipment and services industry, its focus remains on enhancing the efficiency and accuracy of offshore exploration through advanced EM technologies.