Transportadora De Gas Reports Strong 3Q2024 Results
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Transportadora De Gas Reports Strong 3Q2024 Results

Transportadora De Gas Sa Ord B (TGS) has released an update.

Transportadora de Gas del Sur S.A. reported significant growth in its 3Q2024 financial results, with total comprehensive income soaring to Ps. 52,188 million, a marked increase from the Ps. 15,077 million recorded in the same quarter of 2023. This impressive performance was driven by higher revenues from natural gas transportation and reduced operating costs, despite a decrease in earnings from its Liquids Production and Midstream segments. The company also completed a major expansion of its Tratayén Plant, boosting its natural gas conditioning capacity, which underscores its strategic investments in Argentina’s energy infrastructure.

For further insights into TGS stock, check out TipRanks’ Stock Analysis page.

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