Transportadora De Gas Sa Ord B ( (TGS) ) just unveiled an update.
Transportadora de Gas del Sur S.A. reported a significant financial turnaround in the fourth quarter of 2024, with a total comprehensive income of Ps. 129,619 million compared to a loss in the same period the previous year. This improvement was driven by increased revenues from natural gas transportation and liquids production, along with a reversal of impairment charges. The company also completed a major expansion project at the Tratayén Plant, enhancing its gas conditioning capacity. Additionally, regulatory changes and a credit rating upgrade by S&P Global Ratings reflect positively on the company’s future operations and market positioning.
More about Transportadora De Gas Sa Ord B
Transportadora de Gas del Sur S.A. (tgs) is a leading company in Argentina’s natural gas transportation sector, managing approximately 60% of the country’s gas consumption through an extensive network of over 5,700 miles of pipelines. The company is also a significant player in natural gas processing and has invested in infrastructure in the Vaca Muerta formation, positioning itself as a key midstream operator in Argentina. tgs is publicly traded on the NYSE and BYMA, with its controlling company being Compañía de Inversiones de Energía S.A.
YTD Price Performance: -20.83%
Average Trading Volume: 333,825
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.4B
See more insights into TGS stock on TipRanks’ Stock Analysis page.