Transportadora De Gas Sa Ord B (TGSN) Stock Price & Analysis
TGSN Stock Chart & Stats
- Day’s Range
- MXN 483.22 - MXN 483.22
- 52-Week Range
- MXN 400.00 - MXN 600.00
- Previous Close
- MXN 483.22
- Volume
- 0
- Average Volume (3M)
- 0
- Market Cap
- MXN 72.45B
- Enterprise Value
- MXN 4.12B
- Total Cash (Recent Filing)
- MXN 2.22T
- Total Debt (Recent Filing)
- MXN 1.69T
- Price to Earnings (P/E)
- 10.7
- Beta
- 0.41
- Next Earnings
- Mar 09, 2027 (Est.)
- EPS Estimate
- 13.9
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Strong Profitability And Revenue Growth
High margins combined with sustained revenue growth indicate strong current operating economics and meaningful earnings power. The improvement from weak 2023 profitability to stronger 2024–TTM results supports reinvestment, resilience, and the ability to fund expansion while maintaining attractive returns.
NGL Project Has Regulatory Support And Contracted Demand
RIGI approval improves the NGL project’s long-term investment framework through tax, foreign-exchange, and regulatory benefits. Reaching 96% contracted take-or-pay capacity also reduces demand uncertainty, strengthening the project’s revenue visibility before its planned 2030 commissioning.
Long-term Expansion Of Contracted Midstream Infrastructure
Long-duration transportation agreements can anchor future throughput and make TGS more deeply integrated into Argentina’s unconventional gas infrastructure. The contracted volumes should support more stable cash generation and strengthen the company’s strategic position as Vaca Muerta production expands.
Bears Say
High Capital Spending And Rising Debt Requirements
The NGL and pipeline programs require substantial investment and external financing, increasing demands on TGS’s balance sheet and cash generation. Although management expects peak net leverage below 2.5x, recourse financing reduces flexibility if project execution, funding conditions, or operating performance weaken.
Transportation Earnings Pressure And Slow Revenue Recovery
The transport segment is facing a durable earnings gap after system reconfiguration reduced firm and interruptible service revenue. Management expects recovery only through tariff revisions over four to five years, leaving near- to medium-term profitability exposed while maintenance costs also rise.
Cash-flow Conversion Remains Volatile
TGS currently generates substantial operating and free cash flow, but the low free-cash-flow-to-income conversion and sharp annual swings make internally generated funding less predictable. This volatility matters during a multiyear investment cycle because it can increase reliance on borrowing or timing-sensitive working-capital movements.
Transportadora De Gas Sa Ord B News
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Company Description
Transportadora De Gas Sa Ord B
Transportadora de Gas del Sur S.A. (TGS) is an Argentine enterprise specializing in the transit of natural gas and the extraction and distribution of natural gas liquids. The company's activities are organized across four primary divisions. Its Natural Gas Transportation division oversees a substantial 5,769-mile pipeline system, through which it delivers natural gas to utility providers, power plants, and industrial clients. This segment also handles the ongoing operation and upkeep of its gas transmission facilities. The Liquids Production and Commercialization unit focuses on manufacturing and marketing various natural gas liquids, including ethane, liquefied petroleum gas (LPG), natural gasoline, propane, and butane, serving both domestic and international markets. The Other Services segment provides a suite of intermediate processing functions, such as the purification, separation, and decontamination of natural gas streams, alongside gas compression services. Furthermore, this division is involved in the construction, operation, and maintenance of pipelines and compressor stations, and generates steam for power generation. Lastly, the Telecommunications segment offers communication services, leveraging a sophisticated network that includes a digital microwave system with synchronous digital hierarchy (SDH) technology, as well as a dark fiber optic infrastructure. As of December 31, 2021, TGS had extended its services to approximately 6.2 million final consumers, encompassing residential, commercial, industrial, and electricity generation sectors. Founded in 1992 and headquartered in Buenos Aires, Argentina, Transportadora de Gas del Sur S.A. operates as a subsidiary of Compañía de Inversiones de Energía S.A.
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- CEO
- Oscar José Sardi
- Employees
- 1,187
- Website
- www.tgs.com.ar
- Address
- Madero Office Building, Buenos Aires, BA, C1107CPG, AR
Transportadora De Gas Sa Ord B (TGSN) Earnings & Revenues
TGSN Company Deck
TGSN Earnings Call
Earnings Call SentimentPositive
The call was broadly positive, led by RIGI approval for the NGL project, strong project contracting and financing progress, growth in Liquids EBITDA and Vaca Muerta volumes, stable cash, and substantial nonregulated EBITDA generation. These positives were tempered by declines in net income, Natural Gas Transportation EBITDA, and Midstream EBITDA, negative financial results, lower Liquids volumes, inflation and foreign exchange effects, and significant CapEx and financing requirements.
View all MX:TGSN earnings summariesTGSN Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 3 | 8 |
| Technical Analysis | 2 | 3 | 2 |
| Moving Averages | 6 | 0 | 6 |