Pampa Energia S.A. Sponsored ADR (PAM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.52	$3.2	+27.0%	—	$746M	—
Q1 26	$1.63	$3.9	+139.3%	—	$573M	—
Q4 25	$1.33	$3	+125.6%	—	$507M	—
Q2 25	$1.73	$0.81	-53.2%	—	$486M	—
Q1 25	$1.09	$2.65	+143.1%	—	$414M	—
Q4 24	$0.44	$1.94	+340.9%	—	$639.6B	—
Q3 24	$1.83	$2.58	+41.0%	—	$528.9M	—
Q2 24	$1.67	$1.77	+6.0%	—	$490.3M	—
Q1 24	$1.38	$4.65	+237.0%	—	$393.9M	—
Q4 23	$1.93	-$1.85	-195.9%	—	$738.9M	—
Q3 23	$1.73	$2.66	+53.8%	—	$475M	—
Q2 23	$1.37	$3.34	+143.8%	—	$430.7M	—
Q1 23	$1.15	$2.5	+117.4%	—	$402.3M	—
Q4 22	$0.78	$2.05	+162.8%	—	$681.6M	—
Q3 22	$1.22	$3.2	+162.3%	—	$470.7M	—
Q2 22	$1.33	$1.2	-9.8%	—	$462M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$7	—	—	$2B	—
FY24	—	$11.9K	—	—	$1.9T	—
FY23	—	$5.5	—	—	$1.7B	—
FY22	—	$8.25	—	—	$1.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3M	$2.1M	$1.4M	$1.3M	$1M	$1.5B	$1.8B	$1.7B	$1.9T	$2B
YoY change	+482%	-31.9%	-34%	-6.69%	-19.9%	+147.6K%	+21.3%	-5.3%	+111.6K%	-99.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3M	2.1M	1.4M	1.3M	1M	1.5B	1.8B	1.7B	1.9T	2B
Cost of revenue	2.5M	1.5M	790.7K	771.7K	630.8K	951M	1.1B	1.1B	1.3T	1.4B
Gross profit	498.5K	571.9K	575.7K	503.3K	390.1K	557M	690M	625M	615.5B	629M
Gross margin	16.4%	27.6%	42.1%	39.5%	38.2%	36.9%	37.7%	36.1%	31.8%	31.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	725K	299.7K	150.3K	110.4K	99.9K	119M	182M	225M	283.5B	245M
Operating expenses	371.6K	304.5K	163.7K	119.9K	112.3K	91M	148M	188M	260.8B	226M
Operating income	77.9K	233.1K	322.6K	346.3K	252.1K	432M	500M	384M	290.7B	332M
Operating margin	2.56%	11.3%	23.6%	27.2%	24.7%	28.6%	27.3%	22.2%	15%	16.6%
Non-operating income, net	71.4K	21.9K	-551.9K	197.9K	30.4K	108M	286M	538M	336.1B	390M
Pretax income	110.8K	382.5K	56.1K	450.1K	151.3K	390M	581M	623M	513.4B	582M
Income tax	-95K	-24.7K	-30.4K	-123.7K	33.3K	77M	124M	318M	-124.7B	204M
Net income	214.8K	359.7K	273.1K	761.2K	-445.3K	238M	457M	305M	638.2B	378M
Net margin	7.07%	17.4%	20%	59.7%	-43.6%	15.8%	25%	17.6%	33%	18.9%
EBITDA	948.8K	910.6K	992.4K	751.7K	560.4K	765M	828M	706M	866B	937M
EPS	2.58	140.3	2.99	9.5	-5.75	4.75	8.25	5.5	11.9K	7
Diluted EPS	2.58	140.3	2.99	9.5	-5.75	4.75	8.25	5.5	11.9K	7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	475M	738.9M	393.9M	490.3M	528.9M	639.6B	414M	486M	591M	507M	573M	746M
Cost of revenue	295M	506M	251.2M	299M	356.5M	486.9B	285M	340M	375M	380M	380M	482M
Gross profit	180M	232.8M	142.7M	191.3M	172.3M	152.7B	129M	146M	216M	127M	193M	264M
Gross margin	37.9%	31.5%	36.2%	39%	32.6%	23.9%	31.2%	30%	36.5%	25%	33.7%	35.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	61M	102.3M	47.9M	60.9M	75.6M	131.9B	52M	63M	73M	76M	61M	77M
Operating expenses	40M	79.3M	63.4M	33.4M	64.2M	69.7B	46M	60M	63M	84M	72M	76M
Operating income	140M	126.5M	67.8M	157.9M	108.1M	59.2B	64M	86M	153M	23M	107M	188M
Operating margin	29.5%	17.1%	17.2%	32.2%	20.4%	9.26%	15.5%	17.7%	25.9%	4.54%	18.7%	25.2%
Non-operating income, net	8M	220.6M	83.8M	-38.5M	46.3M	145.3B	92M	27M	15M	147M	75M	83M
Pretax income	193M	221.1M	118.1M	99.6M	154.2M	172.8B	150M	142M	138M	152M	150M	241M
Income tax	40M	259.5M	-143.2M	1.7M	9.8M	-13B	-4M	103M	115M	-10M	-66M	67M
Net income	153M	-38.4M	261.3M	97.9M	144.4M	185.8B	154M	39M	23M	162M	216M	174M
Net margin	32.2%	-5.19%	66.3%	20%	27.3%	29.1%	37.2%	8.02%	3.89%	32%	37.7%	23.3%
EBITDA	329.4M	236M	211.1M	158.1M	299.6M	260.4B	227M	300M	200M	198M	301M	287M
EPS	2.5	-2.75	4.79	1.82	2.66	2.6K	2.75	0.75	0.5	2.5	4	2.5
Diluted EPS	2.5	-2.75	4.79	1.82	2.66	2.6K	2.75	0.75	0.5	2.5	4	2.5

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	1.2B	—	—	1.8B	2.7B	4.8B	4.8B	4.1B
Enterprise value	—	—	—	1.2B	—	—	2.7B	3.3B	444B	5.7B	5.5B
Shares outstanding	69.4M	2M	75M	72M	62.9M	56.2M	55.2M	54.6M	54.4M	54.4M	54.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	1.6K	—	—	3.86	8.87	0.01	12.7	6.96
P/S	—	—	—	927.3	—	—	0.96	1.56	0	2.41	1.7
P/B	—	—	—	515.8	—	—	0.77	1.12	0	1.34	1.01
EV/EBITDA	—	—	—	1.6K	—	—	3.26	4.73	0.51	6.03	5.85
EV/Sales	—	—	—	928.3	—	—	1.47	1.93	0.23	2.83	2.27
Earnings yield	—	—	—	0.06%	—	—	25.9%	11.3%	13.3K%	7.85%	14.4%
FCF yield	—	—	—	0.03%	—	—	9.75%	-6.76%	-258.6%	-4.47%	-12.4%
PEG	—	—	—	—	—	—	—	—	—	—	0.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.4%	27.6%	42.1%	39.5%	38.2%	36.9%	37.7%	36.1%	31.8%	31.5%	35.4%
Operating margin	2.56%	11.3%	23.6%	27.2%	24.7%	28.6%	27.3%	22.2%	15%	16.6%	25.6%
Net margin	7.07%	17.4%	20%	59.7%	-43.6%	15.8%	25%	17.6%	33%	18.9%	23.6%
ROE	25.8%	9.79%	16%	33.2%	-26.5%	13.3%	20%	12.6%	18.8%	10.5%	15.3%
ROA	4.69%	3.41%	5.06%	14.1%	-9.57%	6.16%	9.64%	6.46%	9.76%	5.73%	4.21%
ROIC	3.82%	4.1%	10.3%	9.8%	7.12%	13%	12.2%	6.17%	7.58%	4.85%	7.42%
Return on tangible assets	4.96%	3.62%	5.36%	14.9%	-9.73%	6.29%	10.2%	6.73%	10.1%	5.89%	7.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.77	1.55	1.29	1.59	1.65	3.29	2.13	2.56	1.83	3.11	3.64
Quick ratio	0.66	1.46	1.17	1.44	1.57	2.86	1.87	2.18	1.66	2.76	3.23
Debt / equity	1.85	0.85	1.21	0.81	0.92	0.81	0.71	0.61	0.64	0.53	0.65
Debt / assets	0.34	0.3	0.38	0.34	0.33	0.38	0.34	0.31	0.33	0.29	0.34
Net debt / EBITDA	1.27	2.21	1.43	1.65	1.93	1.15	1.12	0.9	0.51	0.89	1.34
Interest coverage	1.24	2.76	1.33	3.58	1.94	3.19	3.69	2.75	3.77	4.08	4.78
Effective tax rate	0%	0%	0%	0%	22%	19.7%	21.3%	51%	0%	35.1%	15.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.04	1.01	0.02	0.02	0.02	26.8	33.1	31.7	35.6K	36.7	44.6
EPS (basic)	2.58	140.3	2.99	9.5	-5.75	4.75	8.25	5.5	11.9K	7	7
EPS (diluted)	2.58	140.3	2.99	9.5	-5.75	4.75	8.25	5.5	11.9K	7	11
Book value per share	0.01	1.8	0.02	0.03	0.03	31.9	41.3	44.2	62.4K	66.3	76.1
FCF per share	-0	-0.02	0	0	0.01	9.23	3.11	-3.35	-227.4	-3.95	-8.49
Cash per share	0	0.55	0.01	0.01	0.01	10.2	12.5	15.2	31.6K	20.1	24.2
Capex per share	0.01	0.23	0.01	0.01	0	3.65	7.53	13.9	8.5K	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	21.5%	22.3%	31.7%	28.7%	11.6%	13.6%	22.7%	43.7%	23.8%	—	—
Capex / operating cash flow	57.3%	34.7%	125.7%	48.1%	26.7%	29.9%	53.7%	76.5%	75.8%	—	—
Payout ratio	2.12%	0.53%	0.7%	0.12%	-1.92%	0%	0%	0.33%	0%	0.26%	0%
Dividend yield	—	—	—	0%	—	—	0%	0.04%	0%	0.02%	0.39%

Yield

0.39%

trailing twelve months

Frequency

Annual

Last dividend

$0.0071

ex-dividend Jan 12, 2012

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jan 12, 2012	$0.0071
Jan 11, 2011	$0.008
Dec 29, 2009	$0.0069

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$475M	$738.9M	$393.9M	$490.3M	$528.9M	$639.6B	$414M	$486M	$591M	$507M	$573M	$746M
YoY change	+0.91%	+8.41%	-2.09%	+13.8%	+11.3%	+86.5K%	+5.1%	-0.88%	+11.7%	-99.9%	+38.4%	+53.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	333.8K	1.1M	648K	612.8K	467.2K	573M	692M	831M	1.7T	1.1B
Receivables	527.7K	895.8K	501.4K	475.8K	235K	256M	305M	209M	296.9B	355M
Inventory	193K	200.7K	128.5K	125.6K	107.5K	147M	165M	201M	223.7B	222M
Total current assets	1.4M	3.7M	1.4M	1.3M	2.3M	1.1B	1.3B	1.3B	2.5T	2B
Property, plant & equipment	2.2M	2.7M	1.7M	1.8M	1.8M	1.9B	2.4B	2.8B	2.9T	5.9B
Goodwill & intangibles	249.3K	628.9K	306.4K	287.4K	78K	76M	276M	192M	195.9B	178M
Total assets	4.6M	10.6M	5.4M	5.4M	4.7M	3.9B	4.7B	4.7B	6.5T	6.6B
Accounts payable	703.3K	1.2M	551.9K	369.2K	92.3K	169M	281M	201M	240.2B	356M
Short-term debt	633.3K	426.7K	325.4K	177.9K	232.2K	83M	273M	228M	732B	69M
Total current liabilities	1.8M	2.4M	1.1M	812.6K	1.4M	342M	631M	521M	1.3T	639M
Long-term debt	906K	2.7M	1.7M	1.7M	1.3M	1.4B	1.4B	1.2B	1.4T	1.9B
Total liabilities	3.7M	6.9M	3.7M	3.1M	3M	2.1B	2.5B	2.3B	3.1T	3B
Shareholders' equity	834.2K	3.7M	1.7M	2.3M	1.7M	1.8B	2.3B	2.4B	3.4T	3.6B
Total debt	1.5M	3.1M	2.1M	1.9M	1.5M	1.5B	1.6B	1.5B	2.2T	1.9B
Net debt	1.5M	3.1M	1.8M	1.6M	1.4M	1.3B	1.5B	1.3B	1.4T	1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	965.6M	831M	843.8M	915.5M	1.2B	1.7T	1.1B	879M	881M	1.1B	677M	1.3B
Receivables	365.3M	209M	373.9M	415.1M	431.1M	296.9B	309M	382M	414M	355M	410M	948M
Inventory	197.1M	201M	212.6M	226.6M	231.6M	223.7B	240M	227M	232M	222M	226M	283M
Total current assets	1.6B	1.3B	1.6B	1.7B	2.1B	2.5T	1.9B	1.8B	2B	2B	1.9B	2.5B
Property, plant & equipment	4B	2.8B	2.8B	2.9B	2.8B	2.9T	5.5B	3.8B	4.2B	5.9B	6B	3.5B
Goodwill & intangibles	97.6M	192M	191.6M	194.8M	194.9M	195.9B	190M	184M	178M	178M	176M	87M
Total assets	5.2B	4.7B	5.2B	5.5B	5.9B	6.5T	6.2B	6.1B	6.2B	6.6B	7B	7.7B
Accounts payable	259.7M	201M	241.4M	208.3M	215.9M	240.2B	293M	305M	306M	356M	310M	359M
Short-term debt	354.4M	228M	272.5M	274.1M	320M	732B	357M	226M	305M	69M	60M	25M
Total current liabilities	738.7M	521M	596M	728.4M	858.4M	1.3T	1B	651M	727M	639M	912M	690M
Long-term debt	1.3B	1.2B	1.3B	1.4B	1.4B	1.4T	1.3B	1.4B	1.5B	1.9B	1.9B	2.6B
Total liabilities	2.4B	2.3B	2.4B	2.4B	2.7B	3.1T	2.7B	2.6B	2.8B	3B	3.2B	3.7B
Shareholders' equity	2.8B	2.4B	2.9B	3B	3.2B	3.4T	3.5B	3.5B	3.4B	3.6B	3.8B	4B
Total debt	1.7B	1.5B	1.6B	1.6B	1.8B	2.2T	1.7B	1.6B	1.8B	1.9B	1.9B	2.6B
Net debt	1.5B	1.3B	1.4B	1.5B	1.4B	1.4T	1.3B	1.4B	1.4B	1.2B	1.7B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	214.8K	359.7K	86.6K	573.8K	118K	313M	457M	305M	638.2B	378M
Depreciation & amortization	420.9K	195.1K	157K	177K	195.1K	205M	212M	267M	352.6B	414M
Stock-based compensation	790.7K	1M	186.5K	—	—	0	-37M	0	0	—
Change in working capital	-40K	-111.3K	-213.1K	79K	8.6K	-43M	-188M	-179M	-389.7B	-57M
Operating cash flow	1.1M	1.3M	344.4K	759.3K	442.4K	686M	774M	990M	608.3B	778M
Capital expenditure	-652.6K	-461.5K	-432.9K	-365.4K	-118K	-205M	-416M	-757M	-460.9B	—
Investing cash flow	-1.2M	-299.5K	-2.6M	-352.1K	-164.6K	-327M	-575M	-692M	-348.5B	-37M
Dividends paid	-4.6K	-1.9K	-1.9K	-951	-8.6K	0	0	-1M	0	-1M
Share repurchases	0	-2.9K	-324.5K	-134.2K	-99K	-39M	-18M	0	0	-47M
Financing cash flow	920.4K	486.2K	-324.5K	-167.5K	-173.2K	-195M	116M	223M	640.2B	-229M
Net change in cash	854.4K	1.5M	-2.5M	239.8K	104.7K	164M	315M	521M	900B	512M
Free cash flow	-80K	-43.8K	147.5K	357.8K	541.4K	519M	172M	-183M	-12.4B	-215M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	73.2M	-38.4M	261.3M	-223.5B	101.4M	185.8B	154M	39M	23M	162M	216M	174M
Depreciation & amortization	41.4M	120.7M	66.7M	78.3M	86.4M	122.4B	84M	97M	124M	109M	122M	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-98.3M	-33.6M	-200M	-156.5M	-32.5M	8.6B	-59M	-164M	56M	111M	-457M	-116M
Operating cash flow	83.2M	420.1M	19.2M	-148.8B	211.4M	341.4B	185M	57M	343M	288M	-233M	214M
Capital expenditure	-75.9M	-389.1M	-132.8M	113.5B	-37M	-161.5B	-163M	—	—	—	—	—
Investing cash flow	-75.3M	-356.1M	-46.6M	39.7B	-22.2M	-120.5B	-43M	151M	74M	1M	62M	104M
Dividends paid	144.7K	-602.1K	0	-40.6K	-38.3K	37M	0	0	0	-1M	0	0
Share repurchases	—	0	—	—	—	—	—	—	-16M	-31M	—	—
Financing cash flow	27.3M	32.3M	118.1M	-101B	106.2M	383.2B	-386M	-69M	128M	98M	-31M	718M
Net change in cash	35.2M	96.3M	90.6M	-210B	295.3M	604.1B	-244M	139M	545M	387M	-202M	1B
Free cash flow	-8.1M	-177.4M	-149.4M	127.8B	143.3M	54B	-73M	-224M	36M	46M	-498M	-39M

Pampa Energia S.A. Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement