Transportadora de Gas del Sur: Tremendous Q2, But Offers A Mediocre Yield At Best

H 11 L B TH the E 0 the t in I t t 11 # onurdongel This article analyzes Transportadora de Gas del Sur S.A. (NYSE:TGS) 2Q24 results and earnings call. It also reviews the company's valuation compared to its future earnings potential. The main point from 2Q24 earnings is the impressive effect of the tariff adjustment of 700% (in Argentinian pesos) for the transportation segment. This segment, which was generally a breakeven business for TGS, printed close to ARS 70 billion (about $55 million depending on the ...