Welcome to our dedicated page for PAMPA ENERGIA S.A. news (Ticker: PAM), a resource for investors and traders seeking the latest updates and insights on PAMPA ENERGIA S.A. stock.
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 S.A. reported a 17% increase in Q3 2022 sales, totaling US$507 million, driven by peak natural gas seasonality and higher petrochemical prices. Operating performance improved in natural gas and oil production, with increases of 20% and 14% year-on-year, respectively.
However, Adjusted EBITDA decreased by 5% to US$246 million due to declines in power generation and holding costs. Profit attributable to shareholders rose by 35% to US$176 million, aided by rising financial securities gains.
Pampa Energía S.A. (NYSE: PAM) reported a 34% year-on-year increase in Q2 2022 sales, totaling US$462 million, driven by higher gas and petrochemical prices. Despite excellent operational performance, including an 18% rise in power generation and a 38% growth in gas production, net profit declined by 39% to US$66 million due to financial losses and asset impairments. Adjusted EBITDA rose 6% to US$253 million. Net debt increased to US$902 million, reflecting a net leverage ratio of 1.3x. Pampa will host a videoconference on August 12, 2022, to discuss these results further.
Pampa Energía S.A. (NYSE: PAM), Argentina's largest independent energy company, has filed its 2021 Annual Report on Form 20-F with the SEC, covering the fiscal year ending December 31, 2021. The report can be accessed on the SEC's website or Pampa’s Investor Relations site. Shareholders can request a free hard copy of the report. This filing reinforces Pampa's commitment to transparency and provides investors with essential information regarding its operations within the electricity and gas sectors.
Pampa Energía S.A. (NYSE: PAM) reported a remarkable 128% year-on-year increase in sales, totaling US$412 million for Q1 2022, driven by rising gas volumes and prices, alongside improved petrochemical pricing. The company generated 4,892 GWh of power, a 10% increase, while hydrocarbon production rose by 32% to 57.5 k boe/day. Adjusted EBITDA increased by 11% to US$226 million. Profit attributable to shareholders surged by US$66 million year-on-year, reaching US$99 million. Net debt decreased to US$845 million, reflecting a solid financial position.
Pampa Energía S.A. (NYSE: PAM) reported a 42% increase in Q4 2021 sales, reaching US$406 million, driven by higher prices of gas and oil. The company achieved a consolidated profit of US$39 million, contrasting with a net loss of US$463 million in Q4 2020, largely due to previous asset impairments. Adjusted EBITDA grew by 8% to US$199 million. Additionally, net debt decreased to US$866 million from US$1,148 million in 2020. Operational metrics showed improved hydrocarbon production and significant increases in gas and petrochemical prices.
Pampa Energía reported strong Q3 2021 results with a 49% YoY increase in sales, reaching US$435 million driven by higher prices and increased sales volumes. The company's adjusted EBITDA rose 27% YoY to US$262 million. Consolidated profits attributable to shareholders hit US$131 million, up US$53 million from last year. Meanwhile, net debt decreased significantly to US$917 million, reflecting ongoing debt reduction efforts. The firm also plans to discuss these results in a videoconference on November 11, 2021.
Pampa Energía S.A. (NYSE: PAM) reported a robust second quarter for 2021, achieving a 68% year-on-year sales increase to US$346 million. This growth was driven by higher prices and volumes of hydrocarbons and petrochemicals sold, along with a new gas turbine at Genelba. Adjusted EBITDA rose 79% to US$241 million, while net debt decreased to US$1,042 million. The company also recorded a consolidated profit of US$70 million, reflecting an improvement in operating margins despite challenges from discontinued operations and tax charges.
Pampa Energía S.A. (NYSE: PAM) reports a strong Q1 2021 with consolidated revenues of US$321 million, up 11% from US$290 million in Q1 2020. Key drivers included increased gas sales from the Genelba Thermal Power Plant, along with higher petrochemical sales and recovering oil and gas prices. Adjusted EBITDA rose to US$204 million, a 16% increase year-over-year. The company also posted a consolidated gain attributable to owners of US$33 million, a US$19 million rise from the same quarter last year. The electricity distribution segment is classified as a discontinued operation following the sale of its controlling stake in Edenor.
Pampa Energía, the largest independent energy integrated company in Argentina, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC. The report provides comprehensive details regarding the company's performance in the energy sector, which includes both electricity and gas. Shareholders can access the report on the SEC's website or through the company's Investor Relations site. Hard copies are available upon request to the Investor Relations office.
Pampa Energía S.A. (NYSE: PAM) reported its fiscal year 2020 results, showing a 20% decline in net revenues to US$1,071 million, primarily from decreased gas sales and lower hydrocarbon prices. Adjusted EBITDA fell by 18% to US$750 million, with a consolidated loss of US$367 million, compared to a profit of US$692 million in 2019. For Q4 2020, revenues decreased by 10% to US$285 million, with a loss of US$463 million. The electricity distribution segment is now classified as discontinued operations due to the sale of Edenor.
FAQ
What is the current stock price of PAMPA ENERGIA S.A. (PAM)?
What is the market cap of PAMPA ENERGIA S.A. (PAM)?
What are the main business segments of Pampa Energía S.A.?
What recent financial results has Pampa Energía reported?
How did Pampa Energía perform in Q4 2023?
What were the key highlights for Pampa Energía in Q1 2024?
Where is Pampa Energía headquartered?
When was Pampa Energía founded?
What energy solutions does Pampa Energía provide?
What is Pampa Energía's approach to sustainability?
How can I get more information about Pampa Energía's financial performance?
Who are the key executives at Pampa Energía?
