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TGS logoTransportadora de Gas del Sur S.A.(TGS)Earnings, Financials & Key Ratios

TGS•NYSE
$31.56
$2.19B mkt cap·13.5× P/E·Price updated May 6, 2026
SectorEnergyIndustryIntegrated Oil & GasSub-IndustryMidstream gas and liquids processors
AboutTransportadora de Gas del Sur S.A. engages in transportation of natural gas, production, and commercialization of natural gas liquids in Argentina. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,769 miles of pipeline system to distribution companies, power plants, and industrial customers. It also provides operation and maintenance services for the natural gas transportation facilities. The company's Liquids Production and Commercialization segment produces and commercializes natural gas liquids, such as ethane, liquid petroleum gas, natural gasoline, propane, and butane in Argentina and internationally. Its Other Services segment offers midstream services, including natural gas treatment, separation, and removal of impurities from the natural gas stream, as well as natural gas compression. It also provides services related to pipeline and compression plant construction, operation, and maintenance; and generates steam for electricity production. The Telecommunications segment provides telecommunication services with a network that includes a microwave digital network with synchronous digital hierarchy technology and a dark fiber optic network. As of December 31, 2021, it served 6.2 million residential, commercial, industrial, and electric power generation end users. The company was founded in 1992 and is headquartered in Buenos Aires, Argentina. Transportadora de Gas del Sur S.A. is a subsidiary of Compañía de Inversiones de Energía S.A.Show more
  • Revenue$1987.92B+64.8%
  • EBITDA$1096.29B+58.9%
  • Net Income$490.32B+32.5%
  • EPS (Diluted)3250.25+32.2%
  • Gross Margin53.57%+2.4%
  • EBITDA Margin55.15%-3.6%
  • Operating Margin43.31%-6.7%
  • Net Margin24.67%-19.6%
  • ROE18.3%+1.2%
  • ROIC19.28%+25.5%
  • Debt/Equity0.53+126.2%
  • Interest Coverage8.34-17.1%
Technical→

TGS Key Insights

Transportadora de Gas del Sur S.A. (TGS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 119.3%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 64.8%
  • ✓Healthy dividend yield of 4.1%
  • ✓Healthy 5Y average net margin of 21.0%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TGS Price & Volume

Transportadora de Gas del Sur S.A. (TGS) stock price & volume — 10-year historical chart

Loading chart...

TGS Growth Metrics

Transportadora de Gas del Sur S.A. (TGS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years64.85%
3 Years22.59%
TTM17.83%

Profit CAGR

10 Years-
5 Years119.32%
3 Years30.79%
TTM-3.94%

EPS CAGR

10 Years-
5 Years172.71%
3 Years147.4%
TTM-1.28%

Return on Capital

10 Years35.22%
5 Years34.44%
3 Years17.27%
Last Year21.55%

TGS Recent Earnings

Transportadora de Gas del Sur S.A. (TGS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (80%)●Beat Revenue 4/12 qtrs (57%)
Q2 2026Latest
Mar 25, 2026
EPS
$0.67
Est $0.44
+52.3%
Revenue
$322M
Est $324M
-0.5%
Q1 2026
Feb 27, 2026
EPS
$0.67
Est $0.44
+52.3%
Revenue
$325M
Est $324M
+0.5%
Q4 2025
Nov 3, 2025
EPS
$0.56
Est $0.06
+833.3%
Revenue
$299M
Est $340M
-12.0%
Q3 2025
Aug 13, 2025
EPS
$0.23
Est $0.11
+109.1%
Revenue
$276M
Est $289M
-4.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 25, 2026
$0.67vs $0.44+52.3%
$322Mvs $324M-0.5%
Q1 2026Feb 27, 2026
$0.67vs $0.44+52.3%
$325Mvs $324M+0.5%
Q4 2025Nov 3, 2025
$0.56vs $0.06+833.3%
$299Mvs $340M-12.0%
Q3 2025Aug 13, 2025
$0.23vs $0.11+109.1%
$276Mvs $289M-4.3%
Based on last 12 quarters of dataView full earnings history →

TGS Peer Comparison

Transportadora de Gas del Sur S.A. (TGS) competitors in Midstream gas and liquids processors — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
KMI logoKMIKinder Morgan, Inc.Direct Competitor70.26B31.5823.0512.45%18.92%10.27%4.58%1.00
WMB logoWMBThe Williams Companies, Inc.Direct Competitor90.2B73.7634.4713.78%23.82%18.98%1.11%1.96
ET logoETEnergy Transfer LPDirect Competitor68.36B19.8714.72-0.05%5.93%10.38%5.63%1.45
MPLX logoMPLXMPLX LpDirect Competitor56.51B55.6611.558.37%37.54%32.81%7.26%1.80
EPD logoEPDEnterprise Products Partners L.P.Direct Competitor81.2B37.5614.12-6.44%11.03%19.29%3.65%1.14
TRGP logoTRGPTarga Resources Corp.Product Competitor53.6B249.5029.283.06%9.44%58.24%7.31%5.45
OKE logoOKEONEOK, Inc.Product Competitor53.93B85.6015.7955.42%10.04%15.86%4.54%1.45
DT logoDTDynatrace, Inc.Product Competitor11.45B38.2124.0318.75%9.55%6.71%3.79%0.03

Compare TGS vs Peers

Transportadora de Gas del Sur S.A. (TGS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KMI

Most directly comparable listed peer for TGS.

Scale Benchmark

vs WMB

Larger-name benchmark to compare TGS against a more recognizable public peer.

Peer Set

Compare Top 5

vs KMI, WMB, ET, MPLX

TGS Income Statement

Transportadora de Gas del Sur S.A. (TGS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue99.37B163.31B526.69B1.08T967.5B1.21T1.99T
Revenue Growth %-64.34%222.51%104.87%-10.34%24.71%64.75%
Cost of Goods Sold50.09B81.05B289.12B651.29B620.07B575.24B923.01B
COGS % of Revenue50.41%49.63%54.89%60.36%64.09%47.67%46.43%
Gross Profit
49.28B▲ 0%
82.26B▲ 66.9%
237.57B▲ 188.8%
427.73B▲ 80.0%
347.43B▼ 18.8%
631.37B▲ 81.7%
1.06T▲ 68.7%
Gross Margin %49.59%50.37%45.11%39.64%35.91%52.33%53.57%
Gross Profit Growth %-66.91%188.8%80.04%-18.77%81.73%68.67%
Operating Expenses8.68B21.57B30.82B72.06B93.87B71.07B203.92B
OpEx % of Revenue8.74%13.21%5.85%6.68%9.7%5.89%10.26%
Selling, General & Admin8.16B4.33B14.11B37.77B48.07B50.85B206.9B
SG&A % of Revenue8.21%2.65%2.68%3.5%4.97%4.21%10.41%
Research & Development0000000
R&D % of Revenue-------
Other Operating Expenses526.93M17.25B16.71B34.29B45.79B20.23B-2.98B
Operating Income
40.6B▲ 0%
60.69B▲ 49.5%
206.75B▲ 240.7%
355.67B▲ 72.0%
253.56B▼ 28.7%
560.3B▲ 121.0%
860.99B▲ 53.7%
Operating Margin %40.86%37.16%39.25%32.96%26.21%46.44%43.31%
Operating Income Growth %-49.47%240.67%72.03%-28.71%120.98%53.67%
EBITDA48.2B78.8B265.05B488.4B385.58B689.97B1.1T
EBITDA Margin %48.5%48.25%50.32%45.26%39.85%57.18%55.15%
EBITDA Growth %-63.51%236.33%84.27%-21.05%78.94%58.89%
D&A (Non-Cash Add-back)7.59B18.12B58.3B132.73B132.03B129.67B235.3B
EBIT38.82B32.49B231.33B380.96B148.63B637.81B860.99B
Net Interest Income-360.62M-40.11M-22.3B-33.66B-953.8M-32.47B-65.18B
Interest Income14.91M7.73M4.81B12.44B52.68B23.24B38.1B
Interest Expense375.53M47.85M27.1B46.1B53.63B55.71B103.29B
Other Income/Expense-6.02B-38.08B-2.52B-20.82B-158.56B21.8B-110.65B
Pretax Income
34.58B▲ 0%
22.61B▼ 34.6%
204.23B▲ 803.2%
334.85B▲ 64.0%
95B▼ 71.6%
582.1B▲ 512.7%
750.34B▲ 28.9%
Pretax Margin %34.8%13.85%38.78%31.03%9.82%48.24%37.75%
Income Tax8.27B12.95B77.26B115.7B43.79B211.94B260.02B
Effective Tax Rate %23.91%57.27%37.83%34.55%46.09%36.41%34.65%
Net Income
26.31B▲ 0%
9.66B▼ 63.3%
126.97B▲ 1214.1%
219.16B▲ 72.6%
51.21B▼ 76.6%
370.16B▲ 622.8%
490.32B▲ 32.5%
Net Margin %26.48%5.92%24.11%20.31%5.29%30.68%24.67%
Net Income Growth %--63.28%1214.07%72.61%-76.63%622.8%32.46%
Net Income (Continuing)26.31B9.66B126.97B219.16B51.21B370.16B490.32B
Discontinued Operations0000000
Minority Interest38K47K98K342K2M1.78M2.83M
EPS (Diluted)
82.50▲ 0%
21.55▼ 73.9%
139.05▲ 545.2%
214.65▲ 54.4%
156.20▼ 27.2%
2458.70▲ 1474.1%
3250.25▲ 32.2%
EPS Growth %--73.88%545.24%54.37%-27.23%1474.07%32.19%
EPS (Basic)82.5021.55139.05214.65156.202458.703250.25
Diluted Shares Outstanding155.22M152.47M150.55M150.55M150.55M150.55M150.55M
Basic Shares Outstanding155.22M152.47M150.55M150.55M150.55M150.55M150.55M
Dividend Payout Ratio76.23%0%----54.92%

TGS Balance Sheet

Transportadora de Gas del Sur S.A. (TGS) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets28.51B23.85B69.14B240.57B925.94B1.01T2.24T
Cash & Short-Term Investments14.72B10.25B34.48B131.66B717.45B796.54B1.81T
Cash Only13.29B7.02B8.63B9.31B14.37B59.97B803.8B
Short-Term Investments1.42B3.23B25.85B122.36B703.08B736.56B1T
Accounts Receivable11.27B10.61B25.68B72.49B142.66B170.7B220.03B
Days Sales Outstanding41.3923.7117.824.5253.8251.6440.4
Inventory418.82M862.63M2.28B5.71B16.7B3.66B195.89B
Days Inventory Outstanding3.053.882.883.29.832.3377.46
Other Current Assets373.06M000001.45K
Total Non-Current Assets101.64B170.25B336.38B1.04T2.4T2.39T3.18T
Property, Plant & Equipment101.5B149.24B292.53B917.03B2.16T2.38T3.17T
Fixed Asset Turnover0.98x1.09x1.80x1.18x0.45x0.51x0.63x
Goodwill0000000
Intangible Assets0000000
Long-Term Investments114.44M20.96B43.78B125.55B234.4B1.23B5.76B
Other Non-Current Assets12.26M14.43M17.25M46.4M78.38M437.4M9.5M
Total Assets
130.15B▲ 0%
194.1B▲ 49.1%
405.52B▲ 108.9%
1.28T▲ 216.5%
3.32T▲ 158.9%
3.39T▲ 2.2%
5.41T▲ 59.4%
Asset Turnover0.76x0.84x1.30x0.84x0.29x0.36x0.37x
Asset Growth %-49.13%108.92%216.45%158.91%2.17%59.43%
Total Current Liabilities10.83B12.24B39.47B66B260.32B368.96B447.06B
Accounts Payable5.6B4.23B11.82B32.78B90.86B76.72B100.42B
Days Payables Outstanding40.8119.0614.9218.3753.4848.6839.71
Short-Term Debt1.85B689.35M1.08B2.92B9.32B18.63B212.27B
Deferred Revenue (Current)299.24M479.97M978.58M3.26B9.84B7.46B8.86B
Other Current Liabilities531.25M1.75B3.22B12.05B114.26B52.38B45.25B
Current Ratio2.63x1.95x1.75x3.65x3.56x2.73x5.00x
Quick Ratio2.59x1.88x1.69x3.56x3.49x2.72x4.56x
Cash Conversion Cycle3.638.545.759.3510.175.2878.15
Total Non-Current Liabilities53.86B82.2B131.15B385.13B1.2T792.13B1.84T
Long-Term Debt40.63B61.16B95.46B272.78B871.4B495.54B1.46T
Capital Lease Obligations2.74B3.64B4.66B9.65B23.78B6.17B1.23B
Deferred Tax Liabilities6.5B11.28B20.06B66.17B184.19B178.7B240.43B
Other Non-Current Liabilities00044.48M204.96M01.45K
Total Liabilities64.69B94.44B170.61B451.13B1.46T1.16T2.29T
Total Debt45.72B66.22B102.42B288.97B918.21B528.15B1.67T
Net Debt32.43B59.19B93.79B279.66B903.84B468.17B868.64B
Debt / Equity0.70x0.66x0.44x0.35x0.49x0.24x0.53x
Debt / EBITDA0.95x0.84x0.39x0.59x2.38x0.77x1.53x
Net Debt / EBITDA0.67x0.75x0.35x0.57x2.34x0.68x0.79x
Interest Coverage108.12x1268.42x7.63x7.71x4.73x10.06x8.34x
Total Equity
65.46B▲ 0%
99.66B▲ 52.2%
234.91B▲ 135.7%
832.16B▲ 254.3%
1.86T▲ 123.9%
2.23T▲ 19.9%
3.13T▲ 40.0%
Equity Growth %-52.25%135.7%254.25%123.92%19.87%39.99%
Book Value per Share421.72653.631560.305527.3612376.7614835.4720768.04
Total Shareholders' Equity65.46B99.66B234.91B832.16B1.86T2.23T3.13T
Common Stock38.6B55.91B108.91B339.15B738.54B738.54B752.47M
Retained Earnings18.54B4.96B40.77B100.64B51.21B370.16B420.7B
Treasury Stock-994.87M-5.61B-10.92B-34.02B-74.08B-74.08B-71.84B
Accumulated OCI10.4B46.03B99.32B436.26B1.17T1.22T1.81T
Minority Interest38K47K98K342K2M1.78M2.83M

TGS Cash Flow Statement

Transportadora de Gas del Sur S.A. (TGS) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations27.74B83.84B183.8B240.15B412.82B484.17B642.72B
Operating CF Margin %27.91%51.34%34.9%22.26%42.67%40.13%32.33%
Operating CF Growth %-202.23%119.24%30.66%71.9%17.28%32.75%
Net Income26.31B9.66B126.97B219.16B51.21B370.16B490.32B
Depreciation & Amortization7.59B18.12B58.3B132.73B132.03B129.67B235.3B
Stock-Based Compensation0000000
Deferred Taxes8.27B12.95B77.26B115.7B43.79B211.94B6.28B
Other Non-Cash Items-4.91B44.05B-33.5B-171.07B197.98B-108.82B77.7B
Working Capital Changes-9.53B-944.85M-45.23B-56.36B-12.19B-118.78B-166.88B
Change in Receivables-11.49B-2.35B-58.91B-97.13B-116.51B-164.76B-212.43B
Change in Inventory108.16M-775.82M-3.63B-4.5B-12.71B4B-7.81B
Change in Payables289.48M422.73M16.38B30.11B63.93B30.45B54.6B
Cash from Investing-34.2B-88.47B-183.7B-272.72B-449.53B-384.9B-529.51B
Capital Expenditures-32.74B-22.84B-58.53B-171.62B-294.16B-289.81B-373.36B
CapEx % of Revenue32.95%13.99%11.11%15.91%30.4%24.02%18.78%
Acquisitions0000000
Investments-------
Other Investing-1.46B-65.62B-125.17B-101.1B-155.36B-95.09B-1.45K
Cash from Financing-23.26B-14.92B-5.82B24.59B53.68B-31.35B762.75B
Debt Issued (Net)2.12B-3.98B041.22B53.68B-31.35B1.03T
Equity Issued (Net)-1000K000000
Dividends Paid-20.06B-47K0000-269.3B
Share Repurchases-2.59B000000
Other Financing-2.73B-10.94B-5.82B-16.63B00-964.96M
Net Change in Cash
-32.55B▲ 0%
-25.41B▲ 21.9%
-15.74B▲ 38.0%
-38.23B▼ 142.9%
-5.9B▲ 84.6%
45.6B▲ 873.1%
719.4B▲ 1477.5%
Free Cash Flow
-5B▲ 0%
60.99B▲ 1319.9%
125.28B▲ 105.4%
68.54B▼ 45.3%
118.66B▲ 73.1%
194.36B▲ 63.8%
269.36B▲ 38.6%
FCF Margin %-5.03%37.35%23.79%6.35%12.26%16.11%13.55%
FCF Growth %-1319.94%105.39%-45.29%73.13%63.8%38.59%
FCF per Share-32.21400.02832.11455.23788.141290.951789.18
FCF Conversion (FCF/Net Income)1.05x8.68x1.45x1.10x8.06x1.31x1.31x
Interest Paid0000000
Taxes Paid0000000

TGS Key Ratios

Transportadora de Gas del Sur S.A. (TGS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2019202020212022202320242025
Return on Equity (ROE)40.2%11.7%75.9%41.08%3.8%18.07%18.3%
Return on Invested Capital (ROIC)31.11%35.46%63.61%37.04%9.8%15.37%19.28%
Gross Margin49.59%50.37%45.11%39.64%35.91%52.33%53.57%
Net Margin26.48%5.92%24.11%20.31%5.29%30.68%24.67%
Debt / Equity0.70x0.66x0.44x0.35x0.49x0.24x0.53x
Interest Coverage108.12x1268.42x7.63x7.71x4.73x10.06x8.34x
FCF Conversion1.05x8.68x1.45x1.10x8.06x1.31x1.31x
Revenue Growth-64.34%222.51%104.87%-10.34%24.71%64.75%

TGS Frequently Asked Questions

Transportadora de Gas del Sur S.A. (TGS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Transportadora de Gas del Sur S.A. (TGS) reported $1.65T in revenue for fiscal year 2025. This represents a 1563% increase from $99.37B in 2019.

Transportadora de Gas del Sur S.A. (TGS) grew revenue by 64.8% over the past year. This is strong growth.

Yes, Transportadora de Gas del Sur S.A. (TGS) is profitable, generating $406.73B in net income for fiscal year 2025 (24.7% net margin).

Dividend & Returns

Yes, Transportadora de Gas del Sur S.A. (TGS) pays a dividend with a yield of 4.07%. This makes it attractive for income-focused investors.

Transportadora de Gas del Sur S.A. (TGS) has a return on equity (ROE) of 18.3%. This is reasonable for most industries.

Transportadora de Gas del Sur S.A. (TGS) generated $224.17B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More TGS

Transportadora de Gas del Sur S.A. (TGS) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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