TGS Reports Soaring Q2 2024 Earnings
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TGS Reports Soaring Q2 2024 Earnings

Transportadora De Gas Sa Ord B (TGS) has released an update.

Transportadora de Gas del Sur S.A. reported a substantial increase in comprehensive income for the second quarter of 2024, with income per share more than doubling compared to the same period last year. The company’s operating profit surged due to higher revenues in its Natural Gas Transportation and Midstream segments, although it experienced a decrease in revenues from the Production and Commercialization of Natural Gas Liquids. Additionally, tgs successfully placed Class 3 Notes worth US$ 490 million, using the proceeds to settle outstanding 2025 Notes.

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