Quarterly ResultMay 26, 2026, 09:37 AM
Transportadora de Gas del Sur Q1 Net Income +176% to Ps. 27.6B
AI Summary
Transportadora de Gas del Sur (TGS) reported a significant increase in net income for the first quarter of 2026, rising 176% to Ps. 27.6 billion. Total revenues grew by Ps. 56.6 billion, primarily driven by strong performance in the Liquids Production and Commercialization and Midstream segments. The company also progressed with the Perito Moreno Gas Pipeline expansion, awarding 5.4 MMm³/d of incremental capacity, and navigated a redefined regulatory framework for natural gas transportation without tariff impact. However, the company experienced a negative net increase in cash and higher cash flow used in investing activities.
Key Highlights
- Net income for Q1 2026 increased 176% to Ps. 27.6 billion (Ps. 27,626 million) from Ps. 10.0 billion in Q1 2025.
- Total revenues for Q1 2026 increased by Ps. 56.6 billion compared to Q1 2025.
- Liquids Production and Commercialization segment revenues rose by Ps. 46.1 billion, with volumes dispatched up over 50% (112,025 tons).
- Midstream segment revenues increased by Ps. 17.7 billion due to Tratayén Plant expansion operations.
- Natural Gas Transportation revenues decreased by Ps. 7.1 billion to Ps. 194.5 billion.
- Public Tender No. 1/2026 awarded 5.4 MMm³/d of incremental transportation capacity for the Perito Moreno Gas Pipeline.
- Other operating results, net, swung to a profit of Ps. 9.1 billion from a Ps. 18.1 billion loss in Q1 2025.
- Cash flow used in investing activities amounted to (Ps. 605.6 billion), an increase of Ps. 390.2 billion.
Price Impact
More from TGS