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MARKETS / NYSE / TGS
NYSE · NATURAL GAS TRANSMISSION · LARGE CAP

GAS Transporter of the South Inc. TGS

10 fiscal years on record · ARS · FY2024 reported · SEC filings only
ARS 1.2T
▲ 23.7% YoY
ARS 370.2B
▲ 622.8% YoY
ARS 194.4B
▲ 63.8% YoY
In brief

What this company does

Transportadora de Gas del Sur receives natural gas owned by a shipper, usually a natural gas distributor, at one or more intake points on its pipeline system and transports it for delivery to the shipper at specified delivery points along the system. Under applicable law and its License, it is not permitted to buy or sell natural gas except for its own consumption and to operate the pipeline system. The pipeline system connects natural gas fields in southern and western Argentina with distributors and other users of gas in those areas and in the greater Buenos Aires area. Natural gas transportation revenues accounted for 41% of its total revenues in the year ended December 31, 2025. In 2025, 74.2% of its average daily natural gas deliveries were made under long-term firm transportation contracts. Revenues derived from natural gas firm transportation contracts amounted to Ps. 567,936 million during 2025, representing 81% of the total revenues of its Natural Gas Transportation segment for that year. It is the technical operator of the GPM pipeline, including its two compressor plants, after ENARSA awarded it the operation and maintenance through a private tender on June 5, 2023, for a period of 5 years, extendable for up to 12 months.

Written from the business description in GAS TRANSPORTER OF THE SOUTH INC's annual report to the U.S. Securities and Exchange Commission, filed 22 April 2026. Every sentence was checked against that document before publication.

Growth
ARS 1.22T
Revenue, FY2024 · full 10-year series below
Revenue ARS T Net income ARS T
FY2024 · Revenue 1.2 · Net income 0.4
0.5T1.0T2015201620172018201920202021202220232024
Compound annual growth
+31.2%
+65.0%
+42.9%
+69.7%
+42.9%
+71.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +65.0% a year over five years — but profit grew faster: net income at +69.7%, earnings per share at +71.3%.

The share count fell from 0.78B to 0.75B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
30 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 45.9% · Net 30.3%
20%40%2015201620172018201920202021202220232024
ROE
FY2024 · ROE 18.1%
10%20%2015201620172018201920202021202220232024

Each ARS of equity produced 18 cents of profit this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow ARS B
FY2024 · FCF 194.4
80B160B2015201620172018201920202021202220232024
Net buybacks ARS B Dividends ARS B
FY2022 · Dividends — · Net buybacks 0.0
4BDividendsNet buybacks2016201720182019202020212022

Total assetsARS 3.39T
EquityARS 2.23T
CashARS 60.0B
Gross debtARS 580.1B
Net debtARS 520.1B

Net debt stands at 23% of equity.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · ARS
row low → row highnegative
Metric 2024202320222021202020192018201720162015
Revenue ARS B1219.8986.11115.7539.7164.399.871.330.714.64.2
Operating income ARS B560.3253.6355.7206.760.740.629.99.52.90.7
EBITDA ARS B··········
Income tax ARS B211.943.8115.777.313.08.30.0−0.11.1−0.1
Net income ARS B370.251.2219.2127.09.726.30.00.00.0−0.2
Free cash flow ARS B194.4118.768.5125.361.0−5.09.85.63.10.1
EPS, diluted ARS 491.7468.03291.14168.6712.6833.38····
Dividend / sh ARS ··········
Payout %···004····
ROE %18.13.826.3·······
Shares out B0.750.750.750.750.750.780.780.790.790.79

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 45 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 50 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNatural Gas Transmission
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2015

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