Transportadora de Gas del Sur Q1 2026 Financial Results and Regulatory Updates
Transportadora de Gas del Sur S.A. filed its Q1 2026 financial results showing mixed performance across business segments. Total revenues increased by Ps. 56,637 million compared to Q1 2025, driven by strong growth in Liquids Production and Commercialization (up Ps. 46,059 million) and Midstream segments (up Ps. 17,679 million), partially offset by a decline in Natural Gas Transportation revenues (down Ps. 7,101 million). The company reported a net cash decrease of Ps. 424,923 million, with operating cash flow of Ps. 195,773 million. Key developments include regulatory changes in Argentina's natural gas transportation system through Resolution 66/2026, which reconfigures the contractual framework without tariff impact. The company also completed a public tender for incremental transportation capacity associated with the Perito Moreno Gas Pipeline expansion, receiving requests exceeding 32 MMmΒ³/d. TGS maintains a complex economic environment with high inflation (CPI estimated at 9.44% for Q1 2026) and continues to apply hyperinflation accounting under IAS 29.