Transportadora de Gas del Sur S.A. ADR (TGS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.77	$0.59	-23.4%	—	$530.8B	—
Q1 26	$0.81	$0.77	-4.9%	—	$483.1B	—
Q4 25	$0.53	$0.68	+28.3%	—	$561.7B	—
Q3 25	$0.36	$0.51	+41.7%	—	$421.4B	—
Q2 25	$0.33	$0.2	-39.4%	—	$343B	—
Q4 24	$0.5	$0.81	+62.0%	—	$411.5B	—
Q3 24	$0.37	$0.35	-5.4%	—	$178M	—
Q2 24	$0.64	$0.12	-81.3%	—	$260.1B	—
Q1 24	$0.31	$0.42	+35.5%	—	$189.5B	—
Q4 23	$0.02	-$0.35	-1850.0%	—	$220.4B	—
Q3 23	-$0.07	$0.09	+228.6%	—	$72.4B	—
Q2 23	$0.35	$0.05	-85.7%	—	$206.7B	—
Q1 23	—	$0.2	—	—	$178.6B	—
Q4 22	-$0.24	$0.18	+175.0%	—	$56.6B	—
Q3 22	-$0.17	$0.2	+217.6%	—	$70.8B	—
Q2 22	-$0.01	$0.26	+2700.0%	—	$57.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.8K	—	—	$1.7T	—
FY24	—	$2.5K	—	—	$1.2T	—
FY23	—	$156.2	—	—	$444.3B	—
FY22	—	$214.7	—	—	$495.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$14.3B	$30.2B	$70.5B	$99.4B	$163.3B	$526.7B	$495.5B	$444.3B	$1.2T	$1.7T
YoY change	+239.1%	+110.4%	+133.7%	+41%	+64.3%	+222.5%	-5.92%	-10.3%	+171.6%	+41.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	14.3B	30.2B	70.5B	99.4B	163.3B	526.7B	495.5B	444.3B	1.2T	1.7T
Cost of revenue	10B	18.4B	33.9B	50.1B	81B	289.1B	299.1B	284.7B	575.2B	787.4B
Gross profit	4.3B	11.8B	36.6B	49.3B	82.3B	237.6B	196.4B	159.5B	631.4B	918.9B
Gross margin	30%	39.1%	51.9%	49.6%	50.4%	45.1%	39.6%	35.9%	52.3%	53.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.6B	2B	4.9B	8.2B	4.3B	12.6B	15.5B	20.4B	50.8B	76.7B
Operating expenses	1.4B	2.1B	6B	8B	3.1B	1.5B	-1B	12.7B	35.5B	59.4B
Operating income	2.9B	9.4B	29.9B	40.6B	69.9B	204.5B	163.5B	116.6B	522.5B	766.9B
Operating margin	20.4%	31.2%	42.4%	40.9%	42.8%	38.8%	33%	26.2%	43.3%	44.9%
Non-operating income, net	-896.7M	-2.9M	-7.2B	-15.1B	-58.1B	-29.5B	-137.7M	-13.1B	160B	4.5B
Pretax income	2.2B	8.8B	23.9B	34.6B	22.6B	204.2B	153.8B	43.6B	582.1B	644B
Income tax	1.1B	-81.7M	27.6M	8.3B	13B	77.3B	53.1B	20.1B	211.9B	223.2B
Net income	1.1B	8.8B	23.9B	26.3B	9.7B	127B	100.6B	23.5B	370.2B	420.9B
Net margin	7.72%	29.3%	33.9%	26.5%	5.92%	24.1%	20.3%	5.29%	30.7%	24.7%
EBITDA	6.1B	13.2B	39.4B	61.4B	108.8B	319.2B	236.3B	141.9B	607.8B	933.8B
EPS	5.63	16.9	151.6	82.5	21.6	139.1	214.7	156.2	2.5K	2.8K
Diluted EPS	5.63	16.9	151.6	82.5	21.6	139.1	214.7	156.2	2.5K	2.8K

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	72.4B	220.4B	189.5B	260.1B	178M	411.5B	321B	343B	421.4B	561.7B	483.1B	530.8B
Cost of revenue	49.2B	142.1B	101.1B	112.3B	89.1M	189.1B	136.9B	164.6B	204.1B	255.5B	202.2B	262.4B
Gross profit	23.2B	78.4B	88.4B	147.9B	88.9M	222.4B	184.1B	183B	217.3B	306.2B	281B	268.4B
Gross margin	32.1%	35.6%	46.7%	56.8%	49.9%	54%	57.4%	53.3%	51.6%	54.5%	58.2%	50.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	7.9B	11.1B	9.5B	23.5B	18.2M	15.7B	12.1B	42.5B	41.5B	27.5B	15.3B	56.4B
Operating expenses	5.9B	7.7B	8.1B	19.5B	14.7M	11.6B	24.2B	56.5B	36.3B	21.7B	13.7B	52.3B
Operating income	17.3B	55.3B	65.5B	127.7B	74.1M	185.9B	141.2B	121.8B	180.9B	255B	241.5B	216.1B
Operating margin	23.9%	25.1%	34.6%	49.1%	41.7%	45.2%	44%	35.5%	42.9%	45.4%	50%	40.7%
Non-operating income, net	2.6B	-73.8B	17.7B	18.3B	-22.3M	148.8B	26.9B	-34.8B	3.5B	63.7B	49.2B	31.4B
Pretax income	12.2B	-14.5B	86.9B	139.3B	55.1M	232.6B	157.6B	63.4B	167.9B	232.1B	261.7B	197.3B
Income tax	7.3B	-7.4B	30.9B	53.6B	18.2M	85B	50.2B	23.1B	55.9B	86.4B	101.7B	64.2B
Net income	4.9B	-7.1B	55.9B	85.7B	36.9M	147.6B	107.4B	40.3B	112.1B	145.6B	160B	133.1B
Net margin	6.74%	-3.23%	29.5%	32.9%	20.7%	35.9%	33.4%	11.7%	26.6%	25.9%	33.1%	25.1%
EBITDA	13.7B	54.9B	94.6B	136.7B	88.4M	178.6B	166.6B	149.2B	201.3B	308.9B	268.1B	270B
EPS	100.2	—	371.5	569.3	346.6	—	713	267.6	744.3	—	1.1K	884.4
Diluted EPS	100.2	—	371.5	569.3	346.6	—	713	267.6	744.3	—	1.1K	884.4

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.6T	3.9T	2.5T	1.2T	833.5B	702.7B	1.9T	—	—	4.7B	3.9B
Enterprise value	1.6T	3.9T	2.5T	1.2T	889.4B	770.6B	2T	—	—	-97.9B	-324M
Shares outstanding	173.5B	173.5B	165.8B	163.2B	160.3B	158.3B	158.3B	175.8B	150.6M	150.6M	150.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	1.4K	435.8	104	44.5	86.3	5.53	18.6	—	—	0.01	11.5
P/S	109.2	127.9	35.3	11.8	5.1	1.33	3.77	—	—	0	0
P/B	619.3	152.5	52.2	17.9	8.36	2.99	2.24	—	—	0	1.5
EV/EBITDA	255.1	291.9	63.3	19.6	8.17	2.41	8.59	—	—	-0.1	-0.48
EV/Sales	109.3	127.9	35.4	12.1	5.45	1.46	4.1	—	—	-0.06	-0.27
Earnings yield	0.07%	0.23%	0.96%	2.25%	1.16%	18.1%	5.39%	—	—	9K%	8.71%
FCF yield	0.2%	0.14%	0.39%	-0.43%	7.32%	17.8%	1.69%	—	—	4.9K%	6.06%
PEG	—	—	—	—	—	—	—	—	—	—	0.05

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	30%	39.1%	51.9%	49.6%	50.4%	45.1%	39.6%	35.9%	52.3%	53.9%	50.6%
Operating margin	20.4%	31.2%	42.4%	40.9%	42.8%	38.8%	33%	26.2%	43.3%	44.9%	40.7%
Net margin	7.72%	29.3%	33.9%	26.5%	5.92%	24.1%	20.3%	5.29%	30.7%	24.7%	28%
ROE	43.8%	35%	50.2%	40.2%	9.7%	54.1%	12.1%	2.75%	16.6%	13.5%	16%
ROA	12.4%	19.7%	25.1%	20.2%	4.98%	31.3%	7.84%	1.54%	10.9%	7.77%	9.91%
ROIC	30.7%	36.9%	55.6%	32.1%	19.2%	42%	10.8%	6.3%	16.5%	16.6%	16.5%
Return on tangible assets	12.4%	19.7%	25.1%	20.2%	4.98%	31.3%	7.84%	1.54%	10.9%	7.77%	8.26%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.76	1.54	3.24	2.63	1.95	1.75	3.65	3.56	2.73	5	3.67
Quick ratio	1.7	1.51	3.19	2.59	1.88	1.69	3.56	3.49	2.72	4.98	3.66
Debt / equity	1.54	0.26	0.67	0.7	0.66	0.44	0.35	0.55	0.26	0.55	0.43
Debt / assets	0.44	0.15	0.33	0.35	0.34	0.25	0.23	0.31	0.17	0.32	0.26
Net debt / EBITDA	0.37	0.02	0.15	0.5	0.51	0.21	0.69	1	-0.36	-0.11	-0.47
Interest coverage	3.36	7.73	7.82	9.16	3.29	8.54	8.26	2.77	11.4	8.26	7.78
Effective tax rate	49.9%	0%	0.12%	23.9%	57.3%	37.8%	34.6%	46.1%	36.4%	34.7%	35.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.08	0.17	0.43	0.61	1.02	3.33	3.13	2.53	8K	11.3K	12.3K
EPS (basic)	5.63	16.9	151.6	82.5	21.6	139.1	214.7	156.2	2.5K	2.8K	2.8K
EPS (diluted)	5.63	16.9	151.6	82.5	21.6	139.1	214.7	156.2	2.5K	2.8K	2.27
Book value per share	0.01	0.15	0.29	0.4	0.62	1.48	5.26	4.87	14.8K	20.8K	17.4
FCF per share	0.02	0.03	0.06	-0.03	0.38	0.79	0.2	0.31	1.3K	1.5K	2.2K
Cash per share	0.01	0.04	0.15	0.09	0.06	0.22	0.83	1.87	5.3K	12K	14.7K
Capex per share	0.01	0.02	0.1	0.2	0.14	0.37	0.5	0.77	1.9K	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	7.1%	9.9%	24.1%	32.9%	14%	11.1%	15.9%	30.4%	24%	—	—
Capex / operating cash flow	31.4%	34.3%	79.7%	147.8%	44.5%	31.6%	69.6%	-421.4%	62.2%	—	—
Payout ratio	20.5%	0%	37.9%	76.2%	0%	0%	0%	—	—	54.9%	0%
Dividend yield	0.01%	0%	0.36%	1.71%	0%	0%	0%	—	—	4.9K%	16.8%

Yield

16.8%

trailing twelve months

Frequency

Annual

Last dividend

$1.0514

ex-dividend Apr 18, 2019

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 18, 2019	$1.0514
Sep 18, 2018	$0.2484
Aug 20, 2018	$0.2513
Jul 13, 2018	$0.002
Jan 21, 2016	$0.0296
Dec 9, 2014	$0.097
Apr 3, 2013	$0.059
Dec 26, 2012	$0.1607

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$72.4B	$220.4B	$189.5B	$260.1B	$178M	$411.5B	$321B	$343B	$421.4B	$561.7B	$483.1B	$530.8B
YoY change	+2.32%	+289.2%	+6.15%	+25.8%	-99.8%	+86.7%	+69.3%	+31.9%	+236.7K%	+36.5%	+50.5%	+54.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.6B	6.4B	25.6B	14.7B	10.3B	34.5B	131.7B	329.5B	796.5B	1.8T
Receivables	1.2B	3B	4.8B	8.8B	9.3B	20.7B	52.8B	50.8B	156B	196.6B
Inventory	116.9M	183.7M	554.2M	418.8M	862.6M	2.3B	5.7B	7.7B	3.7B	10.4B
Total current assets	3.3B	10.6B	35.6B	28.5B	23.8B	69.1B	240.6B	425.2B	1T	2.2T
Property, plant & equipment	5.1B	32.2B	56.4B	96.7B	118.8B	143.5B	425.2B	448.9B	989.7B	1.1T
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	8.9B	44.9B	95.3B	130.2B	194.1B	405.5B	1.3T	1.5T	3.4T	5.4T
Accounts payable	961.2M	2.1B	4.8B	5.6B	4.2B	11.8B	32.8B	41.7B	76.7B	79.5B
Short-term debt	114.1M	2B	681.2M	2.3B	1.4B	2.3B	12.2B	60.6B	78.4B	244.9B
Total current liabilities	1.9B	6.9B	11B	10.8B	12.2B	39.5B	66B	119.5B	369B	447.2B
Long-term debt	3.8B	4.7B	31B	43.4B	64.8B	100.1B	282.4B	411.1B	501.7B	1.5T
Total liabilities	6.4B	19.6B	47.7B	64.7B	94.4B	170.6B	451.1B	670.1B	1.2T	2.3T
Shareholders' equity	2.5B	25.3B	47.6B	65.5B	99.7B	234.9B	832.2B	855.7B	2.2T	3.1T
Total debt	3.9B	6.6B	31.7B	45.7B	66.2B	102.4B	294.6B	471.6B	580.1B	1.7T
Net debt	2.3B	2.7B	6.1B	32.4B	59.2B	93.8B	285.3B	465B	520.1B	901.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	164.1B	329.5B	452.5B	544.3B	457.5M	796.5B	955.7B	676.2B	875.4B	1.8T	1.8T	2.2T
Receivables	32.5B	50.8B	81.7B	120.3B	83.2M	156B	140.8B	192.2B	187B	196.6B	224.1B	238.5B
Inventory	3.1B	7.7B	7.2B	12.7B	6.8M	3.7B	9.7B	12.3B	17.7B	10.4B	12.3B	9.1B
Total current assets	221.8B	425.2B	587.7B	726.4B	587M	1T	1.2T	955.8B	1.2T	2.2T	2.2T	2.6T
Property, plant & equipment	278B	448.9B	712.3B	874.3B	716.1M	989.7B	902B	789.1B	986.9B	1.1T	1.2T	1.4T
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	898.8B	1.5T	2.2T	2.6T	2.1B	3.4T	3.7T	3.7T	4.1T	5.4T	5.8T	6.7T
Accounts payable	20.3B	41.7B	43.5B	62.2B	48.6M	76.7B	54.9B	84.6B	98.5B	79.5B	128.7B	80.5B
Short-term debt	22.2B	60.6B	89.4B	503B	60.1M	78.4B	71.3B	93.4B	117.2B	244.9B	162.4B	172.9B
Total current liabilities	68.2B	119.5B	195.2B	688.9B	219.6M	369B	391.1B	285B	319.2B	447.2B	437B	719.8B
Long-term debt	178.5B	411.1B	413.6B	9B	334.1M	501.7B	519.2B	580.5B	668.7B	1.5T	1.4T	1.5T
Total liabilities	325.3B	670.1B	799.8B	919.8B	729.1M	1.2T	1.2T	1.2T	1.3T	2.3T	2.3T	2.7T
Shareholders' equity	573.5B	855.7B	1.4T	1.7T	1.4B	2.2T	2.5T	2.5T	2.8T	3.1T	3.6T	4T
Total debt	200.7B	471.6B	503B	512B	394.3M	580.1B	590.6B	673.9B	785.9B	1.7T	1.6T	1.7T
Net debt	195B	465B	466B	473.4B	372.1M	520.1B	542.8B	657.3B	712.9B	901.5B	1.2T	1.4T

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.1B	8.8B	23.9B	26.3B	9.7B	127B	100.6B	23.5B	370.2B	420.9B
Depreciation & amortization	2.1B	3.1B	4.7B	7.6B	18.1B	58.3B	61B	60.6B	129.7B	202B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-259.5M	-2.8B	-1.6B	-10.2B	-1.8B	-49B	-30.4B	-10.4B	-127.1B	-152.2B
Operating cash flow	3.2B	8.7B	21.4B	22.2B	51.4B	185B	113.3B	-32.1B	465.8B	551.7B
Capital expenditure	-1B	-3B	-17B	-32.7B	-22.8B	-58.5B	-78.8B	-135.1B	-289.8B	—
Investing cash flow	-956.2M	-4.2B	-17B	-32.7B	-22.8B	-58.5B	-78.8B	-135.1B	-289.8B	-134B
Dividends paid	-226.9M	-9K	-9.1B	-20.1B	-47K	0	0	—	—	-231.2B
Share repurchases	0	0	-1.4B	-2.6B	—	—	—	—	—	—
Financing cash flow	-2B	-92.1M	2.9B	-25.8B	-14.9B	-6.8B	8.8B	24.7B	-31.3B	-232.6B
Net change in cash	283.4M	4.4B	7.2B	-36.4B	13.6B	119.7B	43.3B	-142.5B	144.6B	185.1B
Free cash flow	3.1B	5.6B	9.8B	-5B	61B	125.3B	31.5B	54.5B	194.4B	231.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-40.4B	-7.1B	55.9B	64.8B	7.1M	147.6B	107.4B	12B	69.1B	145.6B	160B	144.3B
Depreciation & amortization	-23.6B	31.8B	22.7B	16.9B	10.9M	41.2B	40.2B	33.8B	22.9B	62.7B	57.1B	66.1B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-27B	-3.5B	-46.1B	-12.5B	19.3M	-43.1B	-16.6B	-43.4B	38.6B	-103.4B	-27.1B	164.1B
Operating cash flow	-82.7B	-62B	30.7B	80.4B	48.9M	210.6B	156.7B	48.9B	81.2B	140.7B	195.8B	406.2B
Capital expenditure	53.4B	-75.5B	-59.2B	-28.7B	-14.3M	-100.6B	-55.3B	—	—	—	—	—
Investing cash flow	53.4B	-75.5B	-59.2B	-28.7B	-14.3M	-100.6B	-55.3B	—	—	—	-470B	-377.5B
Dividends paid	—	—	—	—	—	—	—	—	56.4B	-16.9B	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	12.1B	13.4B	-4.9B	-12.2B	13M	-22.1B	-654.7M	-27.5M	85B	841.5B	-15.1B	19.5B
Net change in cash	-17.2B	-124.1B	-33.4B	39.5B	47.6M	88B	100.7B	48.9B	166.3B	982.2B	-289.3B	48.2B
Free cash flow	-44.3B	24.5B	-11B	51.6B	40.5M	88.8B	94B	7.8B	26B	28.3B	52.4B	231.1B

Transportadora de Gas del Sur S.A. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement