TGS Files 6-K with 2023 Financials and Argentina Gas Industry Update
Ticker: TGS · Form: 6-K · Filed: Mar 26, 2024 · CIK: 931427
| Field | Detail |
|---|---|
| Company | Gas Transporter Of The South Inc (TGS) |
| Form Type | 6-K |
| Filed Date | Mar 26, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $177.16 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-statements, foreign-issuer, industry-update
TL;DR
TGS dropped its 2023 financials and an update on Argentina's gas scene. Check the 6-K.
AI Summary
Transportadora de Gas del Sur S.A. (TGS) filed a Form 6-K on March 26, 2024, providing financial statements as of December 31, 2023. The filing also includes information on the natural gas industry situation in Argentina. TGS is a foreign issuer based in Argentina and files annual reports under Form 20-F.
Why It Matters
This filing provides investors with updated financial health information for TGS and context on the operating environment within Argentina's natural gas sector.
Risk Assessment
Risk Level: medium — The filing pertains to a foreign issuer in Argentina, a market that can present unique economic and political risks.
Key Players & Entities
- Transportadora de Gas del Sur S.A. (company) — Registrant
- TGS (company) — Abbreviation for Registrant
- Cecilia Grierson 355, Twenty Sixth Floor (location) — Registrant's Business Address
- 1107 Capital Federal, Argentina (location) — Registrant's Business Address
- December 31, 2023 (date) — Financial Statement Date
- March 26, 2024 (date) — Filing Date
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose is to report financial statements as of December 31, 2023, and to provide information on the natural gas industry situation in Argentina.
What is the filing date of this report?
The filing date is March 26, 2024.
Where is Transportadora de Gas del Sur S.A. located?
The company is located at Cecilia Grierson 355, Twenty Sixth Floor, 1107 Capital Federal, Argentina.
Does Transportadora de Gas del Sur S.A. file annual reports under Form 20-F?
Yes, the registrant indicates it files annual reports under cover of Form 20-F.
What is the SIC code for Gas Transporter of the South Inc.?
The Standard Industrial Classification (SIC) code is 4922 for Natural Gas Transmission.
Filing Stats: 4,598 words · 18 min read · ~15 pages · Grade level 13.2 · Accepted 2024-03-26 10:36:53
Key Financial Figures
- $177.16 — tes dollar as of December 31, 2023 from $177.16 at the closing of 2022 (representing an
Filing Documents
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From the Filing
Situacin de la Industria del Gas Natural en Argentina UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _____________ FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities and Exchange Act of 1934 For March 26, 2024 Commission file number: 1-13.396 Transportadora de Gas del Sur S.A. Cecilia Grierson 355, Twenty Sixth Floor 1107 Capital Federal Argentina Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F Indicate by check mark if registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __ Indicate by check mark if registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to the Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No X If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Transportadora de Gas del Sur S.A. Annual Report and Financial Statements as of the year ended December 31, 2023 TABLE OF CONTENTS 01 | CONSOLIDATED ANNUAL REPORT AND SUMMARY OF EVENTS 02 | CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 202 3 Consolidated statements of comprehensive income Consolidated statements of financial condition Consolidated statements of changes to shareholders equity Consolidated statements of cash flows Notes to the consolidated financial statements 03 | AUDITOR'S REPORT ON CONSOLIDATED FINANCIAL STATEMENTS 04 | AUDIT COMMITTEE'S REPORT (CONSOLIDATED FINANCIAL STATEMENTS ) 05 | SEPARATE FINANCIAL STATEMENTS AS OF DECEMBER 31, 202 3 Separate statements of comprehensive income Separate statements of financial condition Separate statements of changes to shareholders' equity Separate statements of cash flows Notes to the separate financial statements 06 | AUDITORS' REPORT ON SEPARATE FINANCIAL STATEMENTS 07 | AUDIT COMMITTEE'S REPORT (SEPARATE FINANCIAL STATEMENTS ) Glossary of terms and definitions Propane for Networks Agreement Agreement for the Supply of Gas Propane to Undiluted Propane Networks ADRs/ADSs American Depositary Receipts Ars. o Ps. Argentine Pesos ESG Environment, Social and Government BYMA Bolsas y Mercados Argentinos (Argentine Stock Exchanges and Markets) BCRA Central Bank of the Argentine Republic IDB Banco Interamericano de Desarrollo (Inter-American Development Bank) BNA Bank of the Argentine Nation BTU British Thermal Unit CAMMESA Wholesale Electric Market Management Company CAU Access and Usage Fee CEADS Argentine Business Council for Sustainable Development CGC Compaa General de Combustibles S.A.(fuel company) CIESA Compaa de Inversiones de Energa S.A. CNV Comisin Nacional de Valores – (Argentine Securities Exchange Commission) COVID Coronavirus SARS-CoV-2 / COVID-19 CSJN Supreme Court of Justice of the Argentine Nation Board of Directors Board of Directors of tgs DNU Emergency Decree (relief measures of necessity and urgency) EBITDA Earnings Before Interest, Taxes, Depreciation, and Amortization ESG Environmental, Social and Governance ENARGAS Argentine National Gas Regulatory Body FACPCE Argentine Federation of Professional Councils in Economic Sciences /Argentine Federation FOB Free on Board IMF International Monetary Fund LPG Liquefied Petroleum Gas CNG Compressed Natural Gas LNG Liquefied Natural Gas GRI Global Reporting Initiative INDEC National Institute of Statistics and Census of Argentina PCI Price Consumer Index IPIM Internal Wholesale Prices Index VAT Value Added Tax Liquids Natural Gas Liquids M 3 Cubic meters MEGA Compaa MEGA S.A. MULC Single Free Exchange Market IFRS International Financial Reporting Standards NYSE New York Stock Exchange SDG Sustainable Development Goals OldelVal Oleoductos del Valle S.A. ONs Bonds Pampa Energa Pampa Energa S.A. GDP Gross Domestic Product PBB PBB Polisur S.A. Executive Branch National Executive Branch PPE Property, plant and equipment RECPAM Result from exposure to change in purchasing power of currency Res. Resolution/s Tariff Review Process Integral Tariff Review TTR Transition Tariff Regime PTR Plant Thermal Reduction SCC Stress Corrosion Cracking ES Energy Secretariat SEC Security and Exchange Commission SOX Sarbanes-Oxley Act Telcosur Telcosur S.A. tgs / the Company Transportadora de Gas del Sur S.A. UNIREN Public Utility Contract Renegotiation and Analysis Unit (Unidad de Renegociacin y Anlisis de Contratos de Servicios Pblicos) US$ United States Dollars UT Joint venture WEO World Economic