Transportadora de Gas del Norte stock gets USD 2.2 billion plan

Published on 10/05/2026 at 10:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Transportadora de Gas del Norte stock is tied to a USD 2.2 billion pipeline project announced in September. First-half sales reached ARS 357,000 million, while EBITDA rose 2.4 percent year over year.

TGN, ARTGNO010117, Illustration mit AI erstellt.

Transportadora de Gas del Norte stock (ISIN ARTGNO010117) was last quoted at ARS 3,222.50 in Buenos Aires on September 30, 2026, up 1.34 percent from ARS 3,180.00. The company is advancing a USD 2.2 billion infrastructure plan that could reshape its growth profile, with the project scheduled to begin operations in April 2029.

USD 2.2 billion pipeline plan

As iProfesional reported on September 23, 2026, TGN announced the Manuel Belgrano Gas Pipeline and related system works with total planned investment of USD 2.2 billion. The main pipeline would require USD 1.5 billion, while complementary works would add up to USD 700 million.

The planned route covers 753 kilometers between Tratayen in Neuquen province and La Carlota in Cordoba province. The design includes 147 kilometers of loops and additional power at five compressor stations, linking Vaca Muerta production with demand centers in central and northern Argentina.

First-half figures set the baseline

Somos Inversores reported that TGN generated ARS 357,000 million in sales and ARS 206,821 million in EBITDA in the first half of 2026. Sales increased 0.5 percent year over year, while EBITDA rose 2.4 percent, showing that the planned project is materially larger than the current operating base.

First-half net profit stood at ARS 108,465 million, according to the same report covering the period ended June 30, 2026. The pipeline is therefore a long-duration expansion story rather than an immediate earnings contribution, since the planned operating date is April 2029.

Capacity will shape the economics

The new system is designed for initial capacity of 13 million cubic meters of gas per day, according to iProfesional. For shareholders, the key operating variables will be contracted capacity, tariffs and the financing structure because these determine how much of the infrastructure value reaches TGN's revenue and cash flow.

The company's shares trade on BYMA under ticker TGNO4, according to Somos Inversores. TradingView lists December 2, 2026, as the next earnings report date for TGN.

Stock was last at ARS 3,222.50

Transportadora de Gas del Norte stock was last at ARS 3,222.50 on the Buenos Aires market on September 30, 2026, with a 1.34 percent daily gain from ARS 3,180.00.