Transportadora de Gas del Sur (ADR)
Moves Argentine gas, processes liquids, and provides Vaca Muerta midstream infrastructure.
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Profile
Earns from regulated natural-gas transportation in Argentina alongside natural-gas-liquids processing, marketing, and Vaca Muerta midstream services. Its pipeline network links southern and western gas fields to distributors, industrial customers, and Greater Buenos Aires; licensing and tariff terms shape the core business.
Created in Argentina's breakup of state-owned Gas del Estado, it operates the southern gas-transportation backbone under a government-granted license, moving gas from southern and western fields to distributors, industrial customers, and Greater Buenos Aires.
Alongside the regulated pipeline business, it operates as a natural-gas processor, markets natural-gas liquids, and provides midstream infrastructure services in Vaca Muerta. These lines extend the business across the natural-gas value chain.
Operations are concentrated in Argentina and shaped by the transportation license, regulated tariffs, and compliance conditions. Flooding near Bahía Blanca disrupted facilities in 2025.
Company facts
Key statistics
Year to date −8.5% · Average volume (30d) 197.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.63 | $0.59 | −6.2% | $287.0M | $357.8M | +24.7% | −2.29% |
| May 5, 2026Q1 FY26 | $0.88 | $0.75 | −14.8% | $346.8M | $346.4M | −0.1% | +6.01% |
| Feb 27, 2026Q4 FY25 | $0.44 | $0.67 | +52.3% | $323.5M | $325.2M | +0.5% | +0.34% |
| Nov 3, 2025Q3 FY25 | $0.06 | $0.56 | +833.3% | $339.8M | $299.0M | −12.0% | −2.66% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $214.1M | $228.8M | $281.0M | $378.2M | $322.9M | $375.3M | |
| Gross profit | $122.8M | $119.0M | $144.9M | $205.2M | $188.1M | $189.1M | |
| Operating income | $94.1M | $81.7M | $114.7M | $164.6M | $166.3M | $150.9M | |
| Net income | $71.6M | $26.9M | $74.7M | $98.1M | $106.7M | $94.1M | |
| Diluted EPS | $0.48 | $0.18 | $0.50 | $0.65 | $0.71 | $0.63 | |
| Gross margin | 57.4% | 52.0% | 51.6% | 54.3% | 58.2% | 50.4% | |
| Operating margin | 44.0% | 35.7% | 40.8% | 43.5% | 51.5% | 40.2% |
Fiscal years (4-quarter sums)FY23 $553.1M · FY24 $935.3M · FY25 $1.10B
Balance sheet, Jun 30, 2026Cash & short-term investments $1.48B · Total debt $1.13B · Total assets $4.48B · Shareholders' equity $2.67B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2025 | Jun 30 | Jul 8 | $0.9279 |
Ownership
Shares outstanding 150.55M · Float 134.41M · 89.3% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Helikon Investments Ltd | 2.35M | 1.56% | 13F | May 8, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 1.14M | 0.76% | 13F | May 15, 2026 |
| SPX Gestao de Recursos Ltda | 1.03M | 0.68% | 13F | May 6, 2026 |
| North of South Capital LLP | 641.0K | 0.43% | 13F | Apr 20, 2026 |
| TT International Asset Management Ltd | 608.5K | 0.40% | 13F | Apr 24, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 9, 2026 | Luis Alberto Fallo | director | +4,680 | $29.26 |
Peers
- YPF (ADR)
NGL-processing overlap through a 38% stake in Compañía Mega
- Petrobras (ADR)
NGL-processing overlap through a 34% stake in Compañía Mega
- Dow
NGL-processing overlap through Dow Argentina's 28% Mega stake
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Transportadora de Gas del Sur (ADR) | $28.15 | −0.07% | $4.24B | 11.3 | 15.4 | 3.4 | +29.4% |
| YPF (ADR) | $50.30 | +0.22% | $19.68B | 24.9 | 11.7 | 1.6 | +41.5% |
| Petrobras (ADR) | $18.55 | +0.13% | $119.41B | 4.7 | 4.6 | — | +59.8% |
| Dow | $30.50 | −0.02% | $22.04B | — | 12.2 | 0.5 | +19.7% |
| Median | 14.8 | 11.7 | 1.1 | +41.5% |