Transportadora Thank you. To begin Gas call today discuss since us call relevant del today, Good joining the to quarterly to occurred like of that I some everyone, our for XXXX. morning, call the you XXXX's you last earnings share earnings de for this November events quarter with conference thank Sur. on fourth would and highlights in and
for case. XXXX, the is the COVID-XX and expected and the second based after as annual lifted in program are Firstly, we in reported in reducing the in last the contracted mainly Argentine more many that addressing factor of the will COVID-XX on massive by the XX% vaccination to summer X% economy to collapse of the number the were improving, general. quarter, than you may has season, an lowered been experienced XXXX partially reported Argentina restrictions cases aware, through due mainly the situation assumption recovered going during have succeed the of basis, which, that be months Thus, on pandemic, rebound
a Argentine XXXX tariff December, the decree established. address adjustments. to government the on number Moving which Last issued
of start First, a revision deadline. integral with X-year the tariff
government adjustment, After transitionally the which integral tariff place. agreement, XXXX. revision tariff as hearing the which of price Simon, well to producers Energy, a held for XXXX by to takes the paid consumers. XX under in Secretary the gas pay will the signed be public on that plant, revision in suspension subsidy to gas to be the gas current in the tariffs the And adjust March as the while was third integrating place, launched was transitional difference portion authorization Second, October define of the new the
assets a of to defined In is for be establish XX called the of addition, worth ARS The held and companies. is ENARGAS this March to quarter hearings. public billion transportation to hearing the tariff X.X in What recognition fourth public increases noting accounting the natural tariff on planted accumulating adjustments agreement distribution a signed impairment tariff gas in being be will after changing by contemplated for the the , is Considering increase the adjustment remained XX% has in the this accounting an and not XXXX. adjusted in transportation April without value. account ENARGAS semi-annual by into which inflation tariff been XXXX, that increase, value interactivity
this future In tariff coupled uncertainty expected impairment. underline of high inflation addition, the with increase,
during season. was meters be per price X.X production in day October the segments. last defined our important producers mentioned gas repay to nonconventional investment a liquids average this of to cubic an necessary enough with natural that our offer know gas and by offered not by of decrease, million of that of were gas winter volume the plan per stop the cubic we BTU under cost prices XX upward producers, incremental XX business, to slightly per prices cubic day, mainly is per previous production. the in based the even government it for million meters Gas this TCS the plan all government plant for gas by how our the During business launched we Argentine contracts as total the though call, million pushed the meters X $X.X volume across An years. below day million impacts is earnings Even
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August. hire government chip from the to addition, for located In to Bianca regasification second a called to reclassify LNG bidding international to in June be
highlights mentioned the which of Slide talk ARS Seen the we of made the explained XXXX, of financial our provision only reported results the net bottom the income established X.X XXXX by reported a X.X quarter of loss XXXX some ARS in reported variation XX, X. PP&E billion way, billion IRS of in quarter the billion variation and quarters quarter of during compared in is comparisons to to XXXX. the the presented fourth ARS previous will expressed in same in are the line negative X.X X.X impairment pesos a before. And following the financial negative I hyperinflationary a the billion, net By ARS figures constant now December briefly and of all I slide, in about by Turning results. economies. with the for quarter fourth as
was ARS decrease average partially XXX to for revenue inflation bear is Moving which generated million with natural Slide PP&E operating for by XX million of expenses by life ARS transportation the in transportation X. lower XXX ARS stable more revenue than by ARS This not million. an gas which EBITDA offset compensated XX%, It's annual adjustment. more firm on important X.X business that mind of basically decreased generated the are revenues. revenues to XXX by XX% of predictable explained of tariff of by maintenance allows capacity expenses was than decline any This million. and lower years, contracts loss by
without has tariff inflation. negative any stream of adjustments to in However, revenue the slide, April it decreasing as in XXXX, the terms shown due effect in the real is measured been
is Slide In liquids decreased during ARS business of of XXX terms approximately that the collection, we variation by X revenues from to ARS same of a remained XX,XXX past stable during the volumes metric On during by of tons, at ARS which billion EBITDA by balance to you can ARS XXX,XXX volume the explanation around fell quarter quarter end of fourth lower almost the had almost X.X as X.X LPG XXXX generated of billion. see of for the last The tons. semester. sold declining main generated December XX,XXX the billion. X, XXXX is last ARS billion, XX,XXX to level lower X.X due million, related negative from at Export tons
quarter to increased from metric by increased It X% the of However, fourth XX,XXX XXXX. important is XX,XXX XX,XXX. by that production mention to tons LPG local in size
natural negative XX% XX%, natural In X.X gasoline a addition, effects another due of in partially billion billion decline lower the which fine to to of to of X.X cost $X price which ARS ARS respectively by the and the were and and average ARS ARS These of reduction, gas corresponded price decrease average from X.XX fell decline million total is billion of volume the offset lower ARS gas, X the million other revenue. natural per X.XX Q XXX purchase.
compensate quarter and tax positive which between rates in was Another of the of ARS XXXX, monthly the in were is X.X%. revenue variable rate XX%. helped variation, export And fourth the of the same to tax tax decrease as the million the XXX X% quarter partially XXXX, lower
revenues the increased to revenues XXX by by million and X. ARS Turning built ARS and increasing to Part in generated million. XXXX. XXXX pipeline million this of is XXX Other mainly This in EBITDA XXX by business EBITDA explained is to ARS plant between attributable higher recovering midstream of Services the segment increase generated Slide VacaMuerta conditioning services. for
fourth revenues, additional producers. same explained increasing exchange of XXX XXXX Slide experienced generated X.X increase quarter continue billion ARS see signed gas the X% fourth rate instrument increase ARS a ARS by On million, negative that by the same generated generated to agreements variation XX% in by associated All loss by in of loss a to by the negative of ARS explained X.X quarter in billion. compared a foreign amount financial expect effects a be with This positive and variation by ARS by financial in inflation recorded We and loss negative higher offset valuation. previous assets, can lower which partially were new the quarter variation project by year. we million the the with deploying the generated growing rate of XXXX is financial was X, gain recorded this exposure derivative a will these which results CapEx XXXX of XXX billion exchange dollar X.X
Finally, turning to Slide X.
the quarter of flow You can fourth cash for XXXX. the see
our almost ARS for following high where the million. to flow which working by capital of maturity expect I XXX profile the nonregulated was than current looks in concludes less situation ARS that to level X floor now considering X% presentation. CapEx financial call Once a open amounted without positive operator, our ARS EBITDA million, ARS by Transportation million, will and pretty back ARS X%, slightly maturities years and questions. interest and free that around will ARS the to our our of cash paid billion, the we XXX decline have decreased almost cash X.X of the who of EBITDA. we X.X the X.X Gas highlight to XXXX billion, of business. This despite XXX by cash for billion, Our I again, turn generated the Natural good, amounted should increased
