TGS reported robust third-quarter earnings for 2025, posting a net income of ARS 112 billion, driven by a strong performance in the liquids segment despite challenges in natural gas transportation.
- Liquids segment EBITDA surged to ARS 55.2 billion, tripling year-over-year due to increased exports and higher prices, particularly for butane.
- Natural gas transportation EBITDA decreased to ARS 102.4 billion, impacted by inflation-adjusted tariffs and rising operational costs.
- TGS secured a $560 million project to expand Perito Moreno pipeline capacity, establishing a 15-year operating period with dollar-denominated tariffs.
- Midstream and other services EBITDA increased to ARS 61.2 billion, driven by higher volumes from Vaca Muerta operations.
- The company's cash position improved by 22%, reaching ARS 875 billion, underscoring strong cash flow generation across regulated and nonregulated businesses.
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