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Pampa Energía S.A. (NYSE: PAM) is the largest independent energy company in Argentina, dedicated to providing reliable and sustainable energy solutions. Founded in 2005 and headquartered in Buenos Aires, Pampa Energía operates across the entire electricity and oil and gas value chain, ensuring comprehensive energy services for its customers.
Pampa Energía's core business segments include:
- Electricity Generation: Operating thermal, hydro, and wind power plants, Pampa Energía generates a significant portion of Argentina's electricity, contributing to the country's energy matrix.
- Electricity Distribution: As a major distributor, the company delivers electricity to millions of users, ensuring a stable and efficient power supply.
- Oil and Gas: Pampa is actively involved in the exploration, production, and commercialization of hydrocarbons, solidifying its presence in the energy market.
- Petrochemicals: The company produces and sells a variety of petrochemical products, meeting industrial demand and fostering economic growth.
- Holding and Other Business: This segment includes various strategic investments and business activities that support Pampa Energía’s overall operations.
In recent financial updates, Pampa Energía reported a 7% year-on-year sales decrease for Q3 2023, recording $474 million, due to lower petrochemicals and oil prices and AR$ devaluation impact. However, natural gas sales and the Ensenada Barragán Thermal Power Plant's Combined Cycle (CCGT) contributed positively. The company's adjusted EBITDA remained stable at $244 million, despite a 15% decline in profit attributable to shareholders.
For Q4 2023, the company faced a 19% year-on-year sales decrease, attributed to lower gas sales and the sharp AR$ devaluation. This resulted in a 30% lower adjusted EBITDA of $129 million and a substantial net debt reduction to $613 million, reaching the lowest leverage ratio in five years.
In Q1 2024, Pampa reported a 17% sales decrease, recording $401 million, primarily due to lower gas exports and crude oil sales, but offset by higher domestic gas sales. The adjusted EBITDA was $189 million, and net profit increased significantly to $267 million, driven by higher non-cash credit on deferred income tax.
Pampa Energía continues to invest in sustainable energy solutions and infrastructure projects, such as the Presidente Nestor Kirchner Gas Pipeline, which enhances gas production and distribution capabilities. The company remains committed to maintaining a solid financial condition, achieving operational excellence, and fostering strategic partnerships to drive future growth.
Pampa Energía reported Q3 2024 results with a 14% year-on-year sales increase to US$540 million, driven by higher gas production, improved power generation metrics, and increased reforming volumes. Adjusted EBITDA grew 14% to US$279 million, while net profit reached US$146 million, showing a 4% decline from Q3 23. Key operational highlights include a 19% increase in power generation to 5,951 GWh and a 9% rise in oil and gas production to 87.5k boe/day. The company's net debt decreased by US$150 million to US$539 million, marking the lowest level in 8 years.
Pampa Energía S.A. (NYSE:PAM) reported its Q2 2024 results, showing an 8% year-on-year sales increase to US$500 million. This growth was driven by increased gas production from the latest Plan Gas round and seasonal demand. The company's gas production grew by 37%, demonstrating strong operational performance. Adjusted EBITDA rose 30% to US$288 million, mainly due to increases in holding and others, oil and gas, petrochemicals, and power generation. However, net profit attributable to shareholders declined 39% to US$100 million due to lower gains from financial securities and FX differences. The company's net debt decreased to US$691 million, resulting in a net leverage ratio of 1.0x, largely due to improved payment collections from CAMMESA.
Pampa Energia announced its first-quarter 2024 results, noting a 17% year-on-year sales decrease, mainly due to lower gas exports and crude oil sales. Despite this, the company saw a growth in gas production and an 8% decrease in adjusted EBITDA. Net profit attributable to shareholders increased by 89%, while net debt also rose. The company faces challenges with substantial delays in payment collections from CAMMESA.
Pampa Energía, a leading energy company in Argentina, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the SEC. Shareholders can access the report on the SEC's website or the company's Investor Relations website. Hard copies are available upon request.
On April 19, 2023, Edenor, the largest electricity distribution company in Argentina, submitted its 2022 Annual Report on Form 20-F to the U.S. Securities and Exchange Commission. This report covers the fiscal year ending December 31, 2022. Investors can access the report via the SEC's website or through the Company's Investor Relations page at ir.edenor.com/en. Shareholders may request a hard copy of the report free of charge from Edenor's Investor Relations office.
Pampa Energía S.A. (NYSE: PAM) announced its fiscal year and Q4 2022 results, showing a 10% year-on-year increase in sales to US$448 million, driven by higher natural gas prices and petrochemical product sales. Adjusted EBITDA decreased by 7% to US$183 million, influenced by declines in holding and power generation sections. However, the profit attributable to shareholders surged to US$113 million, nearly tripling from Q4 2021, primarily from an arbitral compensation in Ecuador. The company reduced its net debt to US$913 million, achieving a net leverage ratio of 1.2x.
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