Transportadora De Gas Sa Ord ( (TGS) ) has released its Q1 earnings. Here is a breakdown of the information Transportadora De Gas Sa Ord presented to its investors.
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Transportadora de Gas del Sur S.A. (tgs) is a leading company in Argentina’s natural gas transportation sector, responsible for transporting approximately 60% of the country’s gas through an extensive network of pipelines. The company also plays a significant role in natural gas processing and has substantial investments in the Vaca Muerta formation, positioning it as a key midstream player in Argentina. tgs is publicly traded on the NYSE and BYMA, with its controlling company being Compañía de Inversiones de Energía S.A.
In its first quarter of 2025, tgs reported a total comprehensive income of Ps. 107,351 million, marking an increase from the previous year’s Ps. 87,215 million. The company’s operating profit also saw a significant rise, reaching Ps. 141,089 million, driven by higher revenues in the Natural Gas Transportation segment. However, the company faced challenges due to a climate event that affected its operations at the Cerri Complex.
Key financial highlights include a revenue increase to Ps. 322,430 million, primarily due to tariff hikes in the Natural Gas Transportation segment. Despite this, the company experienced a decrease in revenues from its Liquids and Midstream segments, attributed to the climate event’s impact and lower sales volumes. The company also reported a negative financial result variation of Ps. 17,750 million, mainly due to lower financial asset returns and increased monetary position losses.
The company held a shareholders meeting where significant resolutions were passed, including an increase in legal reserves and the approval of a Five-Year Tariff Review by ENARGAS. This review sets the framework for tariff adjustments and investment plans for 2025-2030. Despite the challenges faced, tgs remains focused on restoring full operations at the Cerri Complex and continues to prioritize safety and recovery efforts.
Looking ahead, Transportadora de Gas del Sur S.A. is committed to navigating the challenges posed by recent events while leveraging its strategic position in the Argentine energy sector to drive future growth. The management remains focused on executing its investment plans and adapting to regulatory changes to ensure sustainable operations.