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PAM

Pampa Energía S.A.

PAM

Pampa Energía S.A. • NYSE
$90.67 ▲ 2.13% (+1.89)
Market Cap $4.93 B
52w High $97.55
52w Low $54.95
Dividend Yield 0%
P/E 15.8
Volume 113.47K
Outstanding Shares 54.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $598.711M ▲ $95.101M ▲ $30.217M ▼ 5.047% ▼ $0.56 ▼ $306.036M ▲
Q2-2025 $486M ▲ $33M ▲ $40M ▼ 8.23% ▼ $0.94 ▼ $297M ▲
Q1-2025 $414M ▼ $8M ▼ $153M ▲ 36.957% ▲ $2.82 ▲ $273M ▼
Q4-2024 $535.419M ▲ $48.137M ▲ $150.255M ▲ 28.063% ▲ $2.06 ▼ $306.384M ▲
Q3-2024 $527.316M $17.913M $144.006M 27.309% $2.72 $209.4M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $886.031M ▲ $6.272B ▲ $2.812B ▲ $3.451B ▼
Q2-2025 $879M ▼ $6.122B ▼ $2.628B ▼ $3.485B ▲
Q1-2025 $1.115B ▼ $6.199B ▼ $2.717B ▼ $3.472B ▲
Q4-2024 $1.668B ▲ $6.344B ▲ $3.049B ▲ $3.286B ▲
Q3-2024 $1.192B $5.894B $2.683B $3.203B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $30.217M ▼ $407.599M ▲ $-234.987M ▼ $175.457M ▲ $251.052M ▲ $112.59M ▲
Q2-2025 $39M ▼ $57M ▲ $-125M ▼ $-132M ▲ $-200M ▲ $-224M ▼
Q1-2025 $153.369M ▲ $51.908M ▼ $-47.901M ▲ $-383.52M ▼ $-377.324M ▼ $-104.264M ▼
Q4-2024 $112.028M ▼ $138.215M ▼ $-63.738M ▲ $369.914M ▲ $406.291M ▲ $42.959M ▼
Q3-2024 $148.227M $147.74M $-90.136M $131.707M $180.171M $71.938M

Five-Year Company Overview

Income Statement

Income Statement Pampa Energía’s income statement shows a business that has grown meaningfully over the past five years while keeping profitability solid. Sales have trended upward overall, with only minor bumps along the way. Operating profits and cash-type earnings (like EBITDA) have been consistently healthy, which suggests good cost control and efficient operations. The most recent year stands out for a very strong bottom line, likely helped by both operational performance and favorable one‑off or financial factors. Overall, earnings look strong but still exposed to the usual swings of an energy business in a volatile economy.

Balance Sheet

Balance Sheet The balance sheet has strengthened over time. The company now holds a much larger asset base and a much bigger equity cushion than it did several years ago, which points to reinvestment and value build‑up in its infrastructure. Cash on hand has increased sharply in the latest year, giving Pampa more flexibility to manage investments and shocks. Debt has gone up, but not as fast as assets and equity, so leverage does not look excessive for a capital‑intensive utility and energy group. In simple terms, the company appears financially sturdier and better capitalized than it was earlier in the period.

Cash Flow

Cash Flow Pampa consistently generates solid cash from its day‑to‑day operations, which is a key strength. However, in the last two years it has been spending heavily on new projects and assets, so free cash flow after investments has turned tight or slightly negative. Earlier years showed comfortable surplus cash after investment, so the recent pattern looks like a deliberate reinvestment phase rather than a structural cash problem. The big increase in cash on the balance sheet helps offset the current investment drain. The main question going forward is whether these projects convert into stronger, more stable cash flows in the coming years.

Competitive Edge

Competitive Edge Pampa holds a powerful position in Argentina’s energy ecosystem, spanning power generation, transmission, natural gas, and petrochemicals. Its vertical integration—from producing gas, to transporting it, to generating electricity, to supplying key industrial materials—gives it control over multiple profit pools and operational synergies that are hard for more specialized rivals to match. It also benefits from scale, a diverse fleet of power plants, and important stakes in national grid and gas transport infrastructure. This breadth provides resilience against shocks in any single segment. The flip side is high exposure to Argentine regulation, tariffs, and macroeconomic conditions, which can significantly influence how much of its underlying strength shows up in reported results.

Innovation and R&D

Innovation and R&D Pampa’s innovation is less about lab research and more about applying advanced technologies and project development at scale. In Vaca Muerta, it is using modern shale drilling and completion techniques to improve productivity and reduce costs, while multi‑well pads and digital tools support efficiency and safety. In power generation, investments in high‑efficiency combined‑cycle gas plants reduce fuel use and emissions, aligning with global trends. The company is also pushing into future‑oriented projects: floating LNG exports, more wind capacity, and potential gas‑based chemicals like fertilizers. These initiatives could open new profit streams but require large upfront capital, stable regulatory support, and strong execution to pay off.

Summary

Overall, Pampa Energía comes across as a financially solid, vertically integrated energy platform with a broad footprint across Argentina’s power and gas value chains. Profitability has been strong and generally improving, the balance sheet has thickened with more equity and cash, and operating cash flow remains robust. At the same time, the company is in an investment‑heavy phase, which pressures free cash flow and increases dependence on successful project delivery. Strategically, its integration, asset base, and technological adoption give it notable advantages, but these sit within a high‑risk environment marked by regulatory uncertainty, currency volatility, and commodity cycles. How well Pampa manages these external risks and executes its ambitious growth and innovation agenda will largely shape its future financial profile.

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