Research analysts who have asked questions during GAS TRANSPORTER OF THE SOUTH earnings calls.
BM
Bruno Montanari
Morgan Stanley
2 questions for TGS
Also covers: BAK, CSAN, EC +4 more
FM
Florencia Masjourga
MetLife
2 questions for TGS
GV
Guido Visocero
Nalaria
2 questions for TGS
Also covers: PAM
I
Ignacio
in Bertilion Bolsa
2 questions for TGS
Juan Palinascio Lopez
Puente
2 questions for TGS
JC
Julian Casa
Latin Securities
2 questions for TGS
MC
Matthias Catarusi
ADCOP Securities
2 questions for TGS
SH
Santiago Herrera
Alaria
2 questions for TGS
Recent press releases and 8-K filings for TGS.
TGS Reports Q3 2025 Results and Strategic Developments
TGS
Earnings
New Projects/Investments
Debt Issuance
- TGS reported a significant increase in total revenues for the first nine months of 2025, rising by Ps. 93,597 million, primarily driven by a Ps. 113,706 million increase in the Natural Gas Transportation segment due to tariff adjustments, partially offset by a Ps. 55,932 million decrease in Liquids Production and Commercialization revenues.
- The company's natural gas transportation license was extended for an additional 20 years, effective from December 28, 2027, and TGS was awarded the expansion of the Perito Moreno Gas Pipeline to increase natural gas transportation capacity by 14 MMm³/d, with works commencing November 1, 2025. To support this, TGS secured a US$ 32 million bilateral loan on October 16, 2025.
- Comprehensive income for Q3 2025 reached Ps. 112,059 million, a notable increase from Ps. 68,802 million in Q3 2024. This period also saw the establishment of the Five-Year Tariff Review (5YTR) for 2025-2030, which includes an initial tariff increase of 3.67%, alongside monthly tariff updates ranging from 0.62% to 3.15% implemented between July and November 2025.
- TGS paid cash dividends totaling Ps. 214,294,730 (Ps. 269.28 per share) during the nine-month period ended September 30, 2025.
Nov 5, 2025, 10:06 PM
TGS Reports Q3 2025 Earnings, Highlights Liquids Business Growth and Pipeline Expansion
TGS
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- TGS reported a net income of 112 billion Argentine pesos in Q3 2025, an increase from 68.8 billion Argentine pesos in Q3 2024, primarily driven by strong performance in the liquids business and growth in the midstream segment.
- The company's liquids segment EBITDA tripled to 55.2 billion Argentine pesos during Q3 2025, up from 18.2 billion Argentine pesos in the same quarter of 2024, mainly due to higher export and ethane volumes.
- TGS plans significant capital expenditures totaling $780 million for pipeline expansions, with $150 million anticipated in 2025 (mostly in Q4), $450 million in 2026, and $27 million in the first five months of 2027.
- The cash position increased by 22% to 875 billion Argentine pesos (approximately $638 million) during Q3 2025, with EBITDA generation for the quarter amounting to almost 219 billion Argentine pesos.
- TGS expects to reach a Final Investment Decision (FID) for its liquids fractionation facility in Q1 2026.
Nov 4, 2025, 2:00 PM
TGS Reports Strong Q3 2025 Earnings and Announces Major Pipeline Expansion Projects
TGS
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- TGS reported a net income of EUR 112,000,000,000 for Q3 2025, a substantial increase from EUR 68,800,000,000 in Q3 2024, primarily due to a tripling of EBITDA in the Liquids segment to EUR 55,200,000,000.
- The company secured the Perito Moreno pipeline expansion project, involving an estimated $560,000,000 CapEx to add 14,000,000 cubic meters per day capacity by April 2027, alongside an additional $220,000,000 investment for another pipeline expansion.
- Total CapEx for these expansion projects amounts to $780,000,000, with $150,000,000 planned for 2025 (mostly Q4), $450,000,000 for 2026, and the remainder in early 2027.
- TGS's cash position grew by 22% to $875,000,000,000 (approximately $638,000,000) during Q3 2025.
- The Final Investment Decision (FID) for the NGL project is anticipated in Q1 2026, with TGS actively seeking partners for the liquids project component.
Nov 4, 2025, 2:00 PM
TGS Reports Strong Q3 2025 Earnings and Announces Major Pipeline Expansion
TGS
Earnings
New Projects/Investments
Guidance Update
- TGS reported a total net income of 112 billion Argentine pesos in Q3 2025, a significant increase from 68.8 billion Argentine pesos in Q3 2024.
- The higher earnings were primarily driven by the strong performance of the liquids business, which contributed 37 billion Argentine pesos to EBITDA, and continuous EBITDA growth in the midstream business segment, which rose by 14.5 billion Argentine pesos.
- The company was awarded the Perito Moreno pipeline expansion project on October 17, with an expected CapEx of $560 million, and will also invest an additional $220 million to expand capacity between Saliceto and Greater Buenos Aires, totaling $780 million in new projects.
- TGS expects to spend $150 million on these expansion projects in 2025, mostly in the fourth quarter, with $450 million planned for 2026 and the remaining $27 million in the first five months of 2027.
- The Final Investment Decision (FID) for the NGL fractionation facility is anticipated in the first quarter of 2026.
Nov 4, 2025, 2:00 PM
TGS Reports Strong Q3 2025 Earnings and Details Major Pipeline Expansion Projects
TGS
Earnings
New Projects/Investments
Guidance Update
- Net income for Q3 2025 reached ARS 112 billion, a significant increase from ARS 68.8 billion in Q3 2024, primarily driven by strong performance in the liquids and midstream segments.
- TGS was awarded the Perito Moreno pipeline expansion project, with an expected CapEx of $560 million, and will invest an additional $220 million in other regulated pipelines, totaling $780 million in new projects.
- The company plans to deploy $150 million of the expansion project CapEx in 2025 (mostly in Q4), $450 million in 2026, and the remaining $27 million in the first five months of 2027.
- EBITDA from the liquid segment tripled to ARS 55.2 billion in Q3 2025 from ARS 18.2 billion in Q3 2024, mainly due to higher exported volumes and increased ethane sales.
- A Final Investment Decision (FID) for the NGL fractionation facility is anticipated in Q1 2026, with TGS actively seeking partners for the project.
Nov 4, 2025, 2:00 PM
Transportadora de Gas del Sur S.A. Reports Strong Q3 2025 Results and Significant Investments
TGS
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Transportadora de Gas del Sur S.A. (TGS) reported comprehensive income of Ps. 112,059 million for Q3 2025, equivalent to Ps. 148.86 per share, an increase from Ps. 68,802 million in Q3 2024.
- Total revenues for Q3 2025 reached Ps. 426,518 million, an increase of Ps. 88,591 million compared to Ps. 337,928 million in Q3 2024.
- Operating profit for Q3 2025 totaled Ps. 172,026 million, an increase of Ps. 33,567 million from Q3 2024, primarily driven by higher revenues in the Liquids Production and Commercialization and Midstream segments.
- As of September 30, 2025, the company reported a negative net financial debt position of Ps. 89,469 million, a substantial improvement from Ps. 263,947 million as of December 31, 2024.
- TGS was awarded the execution of the Perito Moreno Pipeline expansion project, involving an estimated investment of US$ 560 million, and will also invest approximately US$ 220 million to expand natural gas transportation capacity.
Nov 3, 2025, 10:25 PM
TGS Awarded Gas Pipeline Expansion Project
TGS
New Projects/Investments
- Transportadora de Gas del Sur S.A. (tgs) was awarded the National and International Public Call for Tender GPM no. 1/2025.
- This tender is for the expansion of the transportation capacity of Section I of the Perito Francisco Pascasio Moreno Gas Pipeline.
- The award was approved by the Argentine Energy Bureau under the Ministry of Economy via Resolution no. RESOL-2025-397-APN-SE#MEC, published on October 17, 2025.
Oct 20, 2025, 5:08 PM
Quarterly earnings call transcripts for GAS TRANSPORTER OF THE SOUTH.
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