Pampa Energia SA

PAM

Equity

ISIN null / Valor 2817747

New York Stock Exchange, Inc (2025-10-22)

USD 60.24+1.59%

Pampa Energia SA
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About company

Pampa Energía SA is a prominent independent and integrated energy company in Argentina, actively involved in both the electricity and gas sectors. The company holds a 26.2% co-controlling interest in Transportadora de Gas del Sur (TGS), the largest gas transportation company in the country, which operates a 9,248 km-long pipeline network and a natural gas liquids (NGL) plant with a production capacity of 1 million tons per year. In the power transmission sector, Pampa co-controls Transener, managing 86% of Argentina's high voltage transmission grid, spanning 22.4 thousand km of lines. Pampa's oil and gas assets include both operated and non-operated blocks, with an average production of 73.1 thousand barrels of oil equivalent per day, predominantly gas, across 12 productive blocks and 804 wells. In power generation, the company operates an installed capacity of approximately 5,332 MW, accounting for 12% of the nation's total capacity, with plans to expand by an additional 140 MW. Pampa Energía is publicly traded on the New York Stock Exchange under the ticker 'PAM'.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Sales Performance

Sales for Q2 2025 totaled US$486 million, marking a 3% year-on-year decline. This decrease was primarily driven by lower deliveries under the Plan Gas GSA and reduced petrochemical and crude oil prices, partially offset by higher spot energy prices and increased gas export volumes.

Production Metrics

Oil production surged by 47% to 8.0 kbpd, while gas production decreased by 11% to 76.1 kboepd compared to Q2 2024. Power generation also saw a 7% decline, reaching 4,704 GWh, despite a high load factor in wind power generation.

Adjusted EBITDA and Net Income

Adjusted EBITDA for Q2 2025 was US$239 million, representing a 17% decrease year-on-year. Net income attributable to shareholders fell sharply by 60% to US$40 million, influenced by higher non-cash deferred tax charges and a lower operating margin.

Debt Position

The company's net debt stood at US$712 million, resulting in a net debt to EBITDA ratio of 1.1x. This increase was due to higher working capital needs and continued investments in the development of the Rincón de Aranda project.

Operational Highlights

Oil production at Rincón de Aranda increased, and wind power generation achieved a high load factor during Q2 2025. Additionally, Pampa Energia secured financing for the Vaca Muerta Oil Sur pipeline, reinforcing its commitment to expanding its energy infrastructure.

Summarized from source with an LLMView Source

Key figures

-11.0%1Y

156%3Y

429%5Y

Performance

53.3%1Y

46.4%3Y

45.3%5Y

Volatility