Transportadora de Gas del Sur S TGS

Competitive advantage analysis · energy

Corporate Default
Overall moat score
67/100
Moderate

About Transportadora de Gas del Sur S

Transportadora de Gas del Sur S.A. engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications. The Natural Gas Transportation segment transports natural gas through pipeline system to distribution companies, power plants, and industrial customers. … Full TGS analysis →

Competitive advantage assessment

Key strengths

  • Scale Supporting Profitability Profitability at scale is strong (score 0.97), demonstrating competitive advantages.
  • Margins Consistently Above Peers Gross margin at 53.8% (top 5%) and operating margin at 41.2% (top 0%) indicate strong pricing power.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.11), suggesting weak customer stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
69

Where TGS ranks in Oil & Gas Integrated

Transportadora de Gas del Sur S ranks #2 of 22 scored companies in Oil & Gas Integrated by moat score — the top 9%. The widest moat in the group is Suncor Energy Inc. (SU) at 73/100.

Moat scores for companies ranked near TGS in Oil & Gas Integrated
# Company Moat score Rating
1 Suncor Energy Inc. SU 73/100 Moderate
2 Transportadora de Gas del Sur S TGS 67/100 Moderate
3 Petroleo Brasileiro S.A.- Petro PBR 66/100 Moderate
4 Exxon Mobil Corporation XOM 65/100 Moderate
5 National Fuel Gas Company NFG 65/100 Moderate
6 Petroleo Brasileiro S.A.- Petro PBR-A 65/100 Moderate
7 TotalEnergies SE TTE 62/100 Moderate
8 Shell PLC SHEL 61/100 Moderate
9 Imperial Oil Limited IMO 60/100 Moderate

See every Commodities & Mining company ranked by moat score →

How TGS scores on the Corporate Default defenses

Pricing Power

Score 69 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 83 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 47 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 46 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 72 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 93 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TGS's moat

What is Transportadora de Gas del Sur S's moat score?

Transportadora de Gas del Sur S (TGS) scores 67 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #2 of 22 scored companies in Oil & Gas Integrated, the top 9%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 21 companies in Oil & Gas Integrated. Its strongest defense is Scale & Market Position (93/100) and its weakest is Capital Efficiency (46/100).

How does Transportadora de Gas del Sur S compare with other Oil & Gas Integrated companies?

Transportadora de Gas del Sur S ranks #2 of 22 scored companies in Oil & Gas Integrated by moat score. The widest moat in Oil & Gas Integrated is Suncor Energy Inc. (SU) at 73/100. The companies ranked closest are Suncor Energy Inc. (SU) at 73 just above it and Petroleo Brasileiro S.A.- Petro (PBR) at 66 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 21 companies in Oil & Gas Integrated. The defenses are then weighted to produce the overall score out of 100.

Why is Transportadora de Gas del Sur S scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Transportadora de Gas del Sur S?

The Corporate Default template measures 6 defenses, and TGS scores: Pricing Power (69), Cost Advantage (83), Customer Stickiness (47), Capital Efficiency (46), Resilience (72), Scale & Market Position (93). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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