Metrogas will pay dividends to its shareholders for the first time in 24 years. The decision was made at the Shareholders' Meeting amid the sale process that YPF is driving to divest its majority stake in the company.
According to a company statement, this announcement marks an important milestone in the recent history of Metrogas and represents a key step towards its consolidation as a sustainable company in the long term.
The firm reserved the profits from the 2025 fiscal year to distribute them in the future, once financial conditions are consolidated. Between 2023 and 2025, Metrogas managed to double its gross profit, quadruple its operating results, and significantly reduce its level of indebtedness.
These advances are the result of improvements in operational efficiency, debt reduction, and the strengthening of its overall economic position.
Statements from executives
The CEO of Metrogas, Sebastián Mazzucchelli, emphasized that the return to dividend payments is “a sign of the solidity that the company has achieved and of the commitment of all the people who made this transformation possible.”
For her part, the Director of Administration and Finance, Andrea Svoboda, stated that the current financial strength allows “to generate value for shareholders.”
The largest natural gas distributor in the country operates in the Metropolitan Area of Buenos Aires and has over 2.4 million users in locations such as Almirante Brown, Berazategui, Esteban Echeverría, Avellaneda, Quilmes, Florencio Varela, Lanús, Lomas de Zamora, Presidente Perón, San Vicente, and Ezeiza.
Additionally, it employs 1,100 workers and accounts for nearly 20% of the residential natural gas segment in Argentina.
The sale process driven by YPF
In early February, YPF initiated the process to sell 70% of the shares it holds in Metrogas. The state oil company seeks to obtain around 600 million dollars, funds that would be allocated to projects in Vaca Muerta.
YPF controls 51% of the share capital through Class A shares and 38.7% of Class B, totaling almost 70% of the total. The rest is distributed among Integra Gas Distribution with 9%, Anses with 8%, and shareholders listed on the local stock exchange.
The Comprehensive Rate Review for the period 2025-2030 helped restore the economic balance of the company after years of tariff delays and exchange rate volatility. This, along with the extension of licenses, made Metrogas more attractive for sale.
Currently, the company reports annual revenues exceeding 800 million dollars and an EBITDA close to 150 million. Its market value is around 1.1 billion dollars.
This return to dividend payments after such a long time reflects the sustained recovery of Metrogas and its ability to generate value in a challenging economic context.
