The latest announcement is out from Pampa Energia SA ( (PAM) ).
Pampa Energía reported a 20% year-on-year increase in sales for Q4 2024, reaching US$435 million, driven by higher gas demand and crude oil volumes, despite some offsetting factors. The company also issued a US$360 million bond maturing in 2034, which helped redeem its 2027 Notes, improving its debt profile and financial position. Additionally, Pampa confirmed its participation in significant projects like the Vaca Muerta Sur Project and a pioneering LNG project, which are expected to enhance its market access and operational capacity. Regulatory changes in the electricity market and new gas export permits are also set to impact Pampa’s operations, with the company assessing these developments for future strategic planning.
More about Pampa Energia SA
Pampa Energía S.A. is an independent company actively engaged in the Argentine electricity, oil, and gas sectors. The company focuses on the production and distribution of energy, with a significant presence in the Vaca Muerta region, a major shale oil and gas formation in Argentina.
YTD Price Performance: -18.64%
Average Trading Volume: 264,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.8B
Learn more about PAM stock on TipRanks’ Stock Analysis page.
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