Transportadora De Gas Sa Ord B
TGS Energy Oil & Gas Integrated
Transportadora De Gas Sa Ord B’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 2.59% from fiscal 2024. In the quarter to March 2026, revenue grew 16.8%, EPS grew 17.2%, free cash flow fell 56.7% and total debt rose 106.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Transportadora De Gas Sa Ord B (TGS) Altman Z-score
Transportadora De Gas Sa Ord B's Altman Z-score for fiscal 2025 is 2.79, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.79 | (0.57) |
| FY2024 | 3.35 | 2.01 |
| FY2023 | 1.35 | (0.70) |
| FY2022 | 2.05 | 0.42 |
| FY2021 | 1.63 | 0.03 |
| FY2020 | 1.61 | (0.62) |
| FY2019 | 2.23 | (1.00) |
| FY2018 | 3.23 | (3.68) |
| FY2017 | 6.91 | 2.86 |
| FY2016 | 4.05 | 1.83 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.33 | — | 0.40 | |
| Retained earnings / total assets | 0.08 | — | 0.11 | |
| EBIT / total assets | 0.13 | — | 0.43 | |
| Market value of equity / total liabilities | 2.56 | — | 1.54 | |
| Sales / total assets | 0.32 | — | 0.32 | |
| Altman Z-score | Grey zone | 2.79 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.73 | ||
Z and Z″ put Transportadora De Gas Sa Ord B in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SLNG Stabilis Solutions, Inc. compare | 3.3× |
| TGS Transportadora De Gas Sa Ord B | 2.8× |
| CVE Cenovus Energy Inc compare | 2.2× |
| NFG National Fuel Gas Company compare | 1.7× |
| E Eni SpA compare | 1.5× |
| PBR.A Petroleo Brasileiro S.A.- Petrobras compare | 1.5× |
| YPF YPF Sociedad Anonima compare | 1.2× |
| EC Ecopetrol S.A. compare | 1.2× |
| DEC Diversified Energy Company PLC compare | 0.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets