Transportadora de Gas del Sur (ADR) (TGS)
Moves Argentine gas, processes liquids, and provides Vaca Muerta midstream infrastructure.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.47B · Total debt $1.12B · Total assets $4.44B · Shareholders' equity $2.64B
- Revenue
- $371.8M
- Operating income
- $149.5M
- Net income
- $93.3M
Reported in ARS, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | ≥ 6.17% | 9.28M ADS | |
|---|---|---|---|
| 94 holders · as of Jun 30, 2026 | |||
| Insiders | 0.01% | 21.1K ADS | |
| 3 holders · as of Jun 17, 2026 | |||
| Other | ≤ 93.82% | 141.25M ADS | |
| remainder | |||
150.55M ADS (1 ADS = 10 ordinary shares) as of Sep 20, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Institutional filings for n/a (231% of the company) are not on file here, so the institutional figure is a floor.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
SPX Gestao de Recursos LtdaInstitution | 1.21% | 1.82M ADS | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 0.73% | 1.10M ADS | as of Jun 30, 2026 |
North of South Capital LLPInstitution | 0.57% | 863,044 ADS | as of Jun 30, 2026 |
Fundamenta Capital S.A.Institution | 0.37% | 551,743 ADS | as of Jun 30, 2026 |
Mackenzie Financial CorpInstitution | 0.31% | 470,750 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 9, 2026 | Luis Alberto Fallo | director | +4,680 | $29.26 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Transportadora de Gas del Sur (ADR) | $27.57 | −1.15% | $4.20B | 11.4 | 15.0 | 3.1 | +29.4% |
| YPF (ADR) | $53.55 | +0.70% | $20.85B | 29.9 | 12.2 | 1.1 | +32.1% |
| Petrobras (ADR) | $20.48 | −0.73% | $132.95B | 5.2 | 5.1 | 1.3 | +59.8% |
| Dow | $28.41 | +0.48% | $20.42B | — | 14.9 | 0.5 | +19.7% |
| Median | 17.6 | 12.2 | 1.1 | +32.1% |