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Transportadora De Gas Sa Ord (TGS)
NYSE:TGS
Earnings Data
Report Date
Mar 10, 2026TBA (Confirmed)
Period Ending
2025 (Q4)Consensus EPS Forecast
0.44Last Year’s EPS
0.81Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Mar 10, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mixed picture: strong strategic progress and financing (oversubscribed bond, cash build-up, advancing Perito Moreno expansion and NGL project toward FID, and a 36% increase in midstream EBITDA) counterbalanced by notable near-term financial pressures (Q4 net income down ~27%, liquids EBITDA down ~18%, weak export prices, higher interest costs and negative financial results). Execution milestones and strengthened liquidity support medium-term growth, but recent earnings and price headwinds weigh on short-term performance.Company Guidance
Successful Bond Issuance and Strong Demand
Issued a new 10-year bond in November (referenced as ARS 500 million / $500 million in the call) at 8% yield; transaction was oversubscribed with a total order book of $1.3 billion, providing funding for expansion projects.
Significant Increase in Cash Position
Cash position rose by ARS 864 billion during Q4 2025 to ARS 1,808 billion (approx. $1.25 billion at the official exchange rate), largely driven by the bond issuance.
Strong EBITDA Generation and Shift to Nonregulated Activities
Q4 2025 EBITDA generation reached nearly ARS 259 billion, with 57% generated by nonregulated businesses, highlighting increasing relevance of nonregulated activities.
Natural Gas Transportation EBITDA Slightly Up
Natural Gas Transportation EBITDA increased to ARS 109.8 billion in Q4 2025 from ARS 107.1 billion in Q4 2024, a roughly 2.6% increase, supported by higher interrupted transportation revenue (ARS 9.6 billion) and lower operating expenses (ARS 0.54 billion).
Midstream & Other Services EBITDA Surge
Midstream and other services EBITDA rose 36% year-over-year to ARS 60.7 billion (from ARS 44.5 billion), driven by higher billed volumes in Vaca Muerta: transported natural gas billed volume up from 28 to 33 million cubic per day (~17.9% increase) and conditioning volume up from 19 to 27 million cubic per day (~42.1% increase).
Liquids Volume Growth and Domestic Price Improvements
Liquids sales volumes increased 4.4% YoY (338,000 to 353,000 metric tons), contributing ARS 7 billion of incremental EBITDA; domestic butane price deregulation under Programa Hogar allowed sales at export parity, generating ARS 9.9 billion in additional revenue; positive monetary effect added ARS 13.7 billion.
Progress on Perito Moreno Expansion and CapEx Plans
Perito Moreno pipeline expansion underway with estimated project CapEx ~$780 million; three new compressor stations expected in service by May 2027; planned CapEx deployment ~ $100 million in 2025, >$500 million in 2026 and remainder in 2027.
NGL Project Moving Toward FID and Financing Plans
NGL project negotiations with gas producers ongoing; management expects FID before June (possibly May); estimated project cost approximately $2.9 billion with potential project finance of around $1 billion and an SPV structure under consideration.
Insurance Divestment Advance Payments Collected
Received advance payments of roughly $10 million related to the Surrey insurance divestment; final audit expected this month with potential recovery timing around June-July.
TGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 03, 2025 | $30.50 | $29.69 | -2.66% |
Aug 05, 2025 | $29.11 | $29.71 | +2.06% |
May 08, 2025 | $25.85 | $26.95 | +4.26% |
Feb 27, 2025 | $24.78 | $23.98 | -3.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Transportadora De Gas Sa Ord (TGS) report earnings?
Transportadora De Gas Sa Ord (TGS) is schdueled to report earning on Mar 10, 2026, TBA (Confirmed).
What is Transportadora De Gas Sa Ord (TGS) earnings time?
Transportadora De Gas Sa Ord (TGS) earnings time is at Mar 10, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGS EPS forecast?
TGS EPS forecast for the fiscal quarter 2025 (Q4) is 0.44.