TGS on NYSE

Transportadora de Gas del Sur

Logo: TGS, Public domain, via Wikimedia Commons5

Argentine natural gas company

Transportadora de Gas del Sur (Gas Transporter of the South) is the largest natural gas transporter in Argentina. The company was established in 1992, after the privatization of Gas del Estado, the state owned company that maintained the pipelines.3 Its shares trade on NYSE under the symbol TGS.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

Dec 5, 1992Founded1

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  • TickerTGS on NYSE1
  • IndustryNatural Gas Transmission1
  • HeadquartersBuenos Aires1
  • Websitewww.tgs.com.ar
  • Legal formjoint-stock company1
  • Business addressCecilia Grierson 355 26Th Flr, 1107 Capital Federal, Argentina, C1 000006
  • Filer categoryLarge accelerated filer6
  • LEI5299002TRC7IFQYSW5964
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressCecilia Grierson 355 , 26th floor, C1107CPG Buenos Aires, Argentina4
  • Registered withMinisterio de Justicia y Derechos Humanos (Dirección del Registro Nacional de Sociedades), 30-65786206-84

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Transportadora de Gas del Sur (Gas Transporter of the South) is the largest natural gas transporter in Argentina. The company was established in 1992, after the privatization of Gas del Estado, the state owned company that maintained the pipelines.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in ARS, the currency the company reports in.

Key numbers, fiscal 2024

52.8%Gross margin8
45.9%Operating margin8
23.7%Revenue growth, 20248
0.22×Debt to equity8
194.4B ARSFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue47¢575.2B ARS
  • Other costs31¢376.9B ARS
  • Interest5¢55.7B ARS
  • Income tax17¢211.9B ARS

Out of 1.2T ARS in revenue.8

Where each dollar of operating cash went, fiscal 2024

  • Capital spending60¢289.8B ARS
  • Kept or used elsewhere40¢194.4B ARS

Out of 484.2B ARS of cash from operations.8

Financial statements

Revenue910111281.2T ARS in 2024+1610% since 2018
0500.0B ARS1.0T ARS1.5T ARS2018: 71.3B ARS71.3B ARS20182019: 99.8B ARS99.8B ARS2019+40%2020: 164.3B ARS164.3B ARS2020+65%2021: 539.7B ARS539.7B ARS2021+229%2022: 1.1T ARS1.1T ARS2022+107%2023: 986.1B ARS986.1B ARS2023−12%2024: 1.2T ARS1.2T ARS2024+24%
Gross profit91011128644.5B ARS in 2024+1622% since 2018
0200.0B ARS400.0B ARS600.0B ARS800.0B ARS2018: 37.4B ARS37.4B ARS20182019: 49.7B ARS49.7B ARS2019+33%2020: 83.2B ARS83.2B ARS2020+67%2021: 250.6B ARS250.6B ARS2021+201%2022: 464.4B ARS464.4B ARS2022+85%2023: 366.0B ARS366.0B ARS2023−21%2024: 644.5B ARS644.5B ARS2024+76%
Operating income91011128560.3B ARS in 2024+1777% since 2018
0200.0B ARS400.0B ARS600.0B ARS2018: 29.9B ARS29.9B ARS20182019: 40.6B ARS40.6B ARS2019+36%2020: 60.7B ARS60.7B ARS2020+49%2021: 206.7B ARS206.7B ARS2021+241%2022: 355.7B ARS355.7B ARS2022+72%2023: 253.6B ARS253.6B ARS2023−29%2024: 560.3B ARS560.3B ARS2024+121%
Fiscal year2018201920202021202220232024
Revenue71.3B ARS999.8B ARS10164.3B ARS11539.7B ARS121.1T ARS8986.1B ARS81.2T ARS8
Cost of revenue289.1B ARS12651.3B ARS8620.1B ARS8575.2B ARS8
Gross profit37.4B ARS949.7B ARS1083.2B ARS11250.6B ARS12464.4B ARS8366.0B ARS8644.5B ARS8
Operating income29.9B ARS940.6B ARS1060.7B ARS11206.7B ARS12355.7B ARS8253.6B ARS8560.3B ARS8
Interest27.1B ARS1246.1B ARS853.6B ARS855.7B ARS8
Income before tax204.2B ARS12334.9B ARS895.0B ARS8582.1B ARS8
Income tax77.3B ARS12115.7B ARS843.8B ARS8211.9B ARS8
Net income
Earnings per share33 ARS/shares1013 ARS/shares11169 ARS/shares12291 ARS/shares868 ARS/shares8492 ARS/shares8
Earnings per share (diluted)33 ARS/shares1013 ARS/shares11169 ARS/shares12291 ARS/shares868 ARS/shares8492 ARS/shares8
Shares (weighted, basic)752.8M shares12752.8M shares8752.8M shares8752.8M shares8

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What it owns

What Transportadora de Gas del Sur reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net2.4T ARS8 Dec 31, 20242.2T ARS8 Dec 31, 2023+10.3%
Operating-lease assets (leased space)13.8B ARS8 Dec 31, 202421.5B ARS8 Dec 31, 2023−35.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents60.0B ARS8 Dec 31, 202414.4B ARS8 Dec 31, 2023+317.3%
Long-term investments421.9M ARS8 Dec 31, 2024233.5B ARS8 Dec 31, 2023−99.8%

Inventory

ItemLatestA year beforeChange
Inventory, total3.7B ARS8 Dec 31, 202416.7B ARS8 Dec 31, 2023−78.1%

The story

Transportadora de Gas del Sur was established on December 28, 1992 after the privatization of the Argentine energy sector, it was part of Gas del Estado, a government regulated company divided later on Transportadora de Gas del Sur and Transportadora de Gas del Norte.

From Wikipedia’s article on Transportadora de Gas del Sur, shared under CC BY-SA 4.0.7

Leadership

Who has led Transportadora de Gas del Sur, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Oscar Jose Sardi2026–now

Chief financial officer

  1. Alejandro Mario Basso2026–now
1995200020052010201520202025
Board members and other officers (14)

Products and brands

  • natural gas

Listed on Wikidata.1

TGS is the largest gas supplier in Argentina, operating the biggest pipeline system of the country and of Latin America transporting the 60% of the total Natural gas consumed and supplies directly to distributors, electric generators and industries.

The maximum capacity is of 74.265.500 m3 a day, with an extension of 7.972 km of Pipeline transport and a maximum potency of 579.090 hp (431.827 kW).

TGS also distributes Liquefied natural gas (LNG), Operating in the General Cerri complex in Buenos Aires Province.

General Cerri Complex

Located in Buenos Aires Province the General Cerri Complex is dedicated to the recovery of ethane, propane, butane, natural gasoline, and NGL.

Read the full text

All the products recovered are dispatched to Galván Harbor, a nearby facility where they are stored or loaded in trucks or ships for distribution.

The General Cerri complex produces 40% of the company's income.

From Wikipedia’s article on Transportadora de Gas del Sur, shared under CC BY-SA 4.0.7

Former names

  • GAS TRANSPORTER OF THE SOUTH INCFeb 14, 2002 to Oct 7, 20266

Timeline

  1. Mar 18, 2026New chief executive Oscar Jose Sardi becomes CEO15
  2. Dec 5, 1992Founded Founded1

Calendar

Coming up

  1. Nov 2, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.56 a share, on Nov 3, 2025.31

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

139 filings to the SEC since October 2021: 5 annual reports, 26 insider forms, 108 other. The latest 20:

  1. Oct 7, 20266-K MATERIAL FACT EDGAR
  2. Sep 24, 2026SD EDGAR
  3. Aug 13, 20266-K FINANCIAL STATEMENTS AS OF JUNE 30, 2026 EDGAR
  4. Aug 4, 20266-K MATERIAL FACT EDGAR
  5. Jul 30, 20263 PRIMARY DOCUMENT EDGAR
  6. Jul 24, 20266-K MATERIAL FACT EDGAR
  7. Jun 17, 20264 PRIMARY DOCUMENT EDGAR
  8. Jun 12, 20266-K MATERIAL FACT EDGAR
  9. Jun 11, 20266-K MATERIAL FACT EDGAR
  10. May 26, 20266-K FINANCIAL STATEMENTS AS OF 31, MARCH 2026 EDGAR
  11. May 13, 20266-K MATERIAL FACT EDGAR
  12. May 6, 20266-K EDGAR
  13. Apr 28, 20263 PRIMARY DOCUMENT EDGAR
  14. Apr 24, 20263 PRIMARY DOCUMENT EDGAR
  15. Apr 23, 20266-K MATERIAL FACT EDGAR
  16. Apr 23, 20266-K MATERIAL FACT EDGAR
  17. Apr 22, 202620-F EDGAR
  18. Apr 15, 20263 PRIMARY DOCUMENT EDGAR
  19. Apr 9, 20263 PRIMARY DOCUMENT EDGAR
  20. Apr 7, 20263 PRIMARY DOCUMENT EDGAR

The 139 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 9, 2026Fallo Luis AlbertoDirectorBuy4,680$29.26$136.9KForm 4

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 86. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
SPX Gestao de Recursos Ltda1,815,590$54.0M6.0%+790,454
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,103,818$32.8M0.0%−34,038
North of South Capital LLP863,044$25.7M1.9%+222,045
Fundamenta Capital S.A.551,743$16.4M9.5%−18,270
Mackenzie Financial Corp470,750$14.0M0.0%+222,710
Morgan Stanley456,382$13.6M0.0%−134,670
Vennlight Capital Management, LP227,806$6.8M4.5%−46,243
Bnp Paribas Financial Markets227,585$6.8M0.0%+85,988
Marshall Wace, Llp214,939$6.4M0.0%+207,239
Citadel Advisors LLC209,412$6.2M0.0%+76,092
VR Advisory Services Ltd195,115$5.8M0.5%No change
Itau Unibanco Holding S.A.178,641$5.3M0.1%+83,407
Wexford Capital LP171,996$5.1M0.7%No change
Ci Investments Inc.156,170$4.6M0.0%+1,934
Citigroup Inc144,761$4.3M0.0%−43,909
Ping Capital Management, Inc.144,300$4.3M1.4%+39,500
Balyasny Asset Management L.P.139,838$4.2M0.0%New
Arlington Capital Management, Inc.133,259$4.0M2.5%New
ABS Investment Management LLC124,861$3.7M2.3%New
ABS Direct Equity Fund LLC124,861$3.7M2.3%+50,980
Goldman Sachs Group Inc111,089$3.3M0.0%+10,748
Meixler Investment Management, Ltd.87,569$2.6M1.4%+26,369
Susquehanna International Group, Llp85,828$2.6M0.0%+67,705
XTX Topco Ltd74,058$2.2M0.0%+66,076
Jump Financial, LLC72,100$2.1M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Transportadora de Gas del Sur is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGAS TRANSPORTER OF THE SOUTH INC2
  • CIK0000931427
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company32
  • Incorporated inArgentina32
  • Fiscal year endsDecember 312
  • Industry code (SIC)4922 Natural Gas Transmission2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressCecilia Grierson 355 26Th Flr, 1107 Capital Federal, Argentina, C1 000002
  • Mailing addressCecilia Grierson 355 26Th Flr, Capital Federal, Argentina, C1 11072
  • Phone005401137515100X10932
  • Shares outstanding405,192,594 Ordinary Shares Class A shares; 347,568,464 Ordinary Shares Class B shares; 752,761,058 shares as of Dec 31, 202532
  • AuditorPrice Waterhouse & Co. S.R.L., Buenos Aires, Argentina PCAOB ID 1349; it also attests to the company’s internal control over financial reporting32
  • On EDGAR sinceFeb 14, 20022
  • Filings779 in all: 6-K (672), 20-F (25), 3 (25), UPLOAD (16), CORRESP (10), SC 13G (5), SC TO-T/A (5), SC 13G/A (4)2
    All 19 form types

    SD (3), 20-F/A (2), SC 13D (2), SC 13D/A (2), SC14D9C (2), 4 (1), EFFECT (1), F-6 (1), SC 14D9 (1), SC 14D9/A (1), SC TO-T (1)

  • Latest filingsAnnual report (20-F) Apr 22, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary Shares (“ADS”), representing Class B SharesTGSNew York Stock Exchange
Class B Shares, par value Ps.1.00 per shareNew York Stock Exchange

From the cover page of the 20-F filed Apr 22, 2026 (Section 12(b) of the Exchange Act).32

Sources

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