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Side-by-side financial comparison of Energy Transfer LP (ET) and GAS TRANSPORTER OF THE SOUTH INC (TGS). Click either name above to swap in a different company.

Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, natural gas liquids (NGLs), refined products and liquid natural gas, as well as NGL fractionation. It is a publicly traded limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. It was founded in 1996 by Ray Davis and Kelcy Warren, who remains Executive Chairman.

Transportadora de Gas del Sur is the largest natural gas transporter in Argentina. The company was established in 1992, after the privatization of Gas del Estado, the state owned company that maintained the pipelines.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ET
ET
TGS
TGS
Q4 25
$25.3B
Q3 25
$20.0B
Q2 25
$19.2B
Q1 25
$21.0B
Q4 24
$19.5B
Q3 24
$20.8B
Q2 24
$20.7B
Q1 24
$21.6B
Net Profit
ET
ET
TGS
TGS
Q4 25
$928.0M
Q3 25
$1.0B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.3B
Q1 24
$1.2B
Gross Margin
ET
ET
TGS
TGS
Q4 25
23.3%
Q3 25
27.0%
Q2 25
27.5%
Q1 25
25.9%
Q4 24
27.6%
Q3 24
24.8%
Q2 24
24.7%
Q1 24
23.3%
Operating Margin
ET
ET
TGS
TGS
Q4 25
8.2%
Q3 25
10.8%
Q2 25
12.0%
Q1 25
11.9%
Q4 24
11.7%
Q3 24
10.5%
Q2 24
11.1%
Q1 24
11.0%
Net Margin
ET
ET
TGS
TGS
Q4 25
3.7%
Q3 25
5.1%
Q2 25
6.0%
Q1 25
6.3%
Q4 24
5.5%
Q3 24
5.7%
Q2 24
6.3%
Q1 24
5.7%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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