The earnings call presented a mix of highlights and lowlights, with significant achievements in production ramp-up and infrastructure investments. However, these were tempered by declines in adjusted EBITDA and increased costs, resulting in a balanced sentiment.

Company Guidance

During Pampa Energia's second quarter of 2025 results call, several key metrics and developments were highlighted. The company's adjusted EBITDA for Q2 was reported at $239 million, marking a 17% decline year-on-year due to soft gas sales, falling petrochemical prices, and higher operating expenses. However, contributions from the new 140 MW wind farm PEPE 6, increased gas exports to Chile, and higher production at Rincón de Aranda partially offset these headwinds. CapEx surged 134% year-on-year to $354 million, with $249 million invested in Rincón de Aranda development. The oil and gas adjusted EBITDA was $87 million, down 28% year-on-year due to reduced domestic gas sales and higher lifting costs. Total production averaged 84,000 barrels per day, a 7% year-on-year decrease, but with a 16% quarter-on-quarter increase due to seasonal effects and shale oil production. The company extended its 2029 notes to 2034 with a $140 million recap, achieving the lowest spread over U.S. treasuries in its history. Furthermore, Pampa is targeting to increase production at Rincón de Aranda to 20,000 barrels per day by Q4 2025, with a long-term goal of 45,000 barrels per day by 2027. Lastly, Pampa's power generation segment posted an adjusted EBITDA of $112 million, a 5% year-on-year increase, driven by PEPE 6 performance and higher spot prices.

Successful Production Ramp-Up

Rincón de Aranda experienced a successful production ramp-up, reaching nearly 16,000 barrels per day from 4 pads with expectations to reach 20,000 barrels per day by Q4 2025.

New Wind Farm Contribution

The new 140 megawatts wind farm PEPE 6, along with higher spot prices, boosted financial figures for the quarter.

CapEx Investments

CapEx surged 134% year-on-year, primarily driven by investments in Rincón de Aranda, totaling $354 million, with $249 million allocated to the development of Rincón de Aranda.

Increased Gas Exports to Chile

Gas exports to Chile increased, reaching 1.1 million cubic meters per day by June, capitalizing on the competitiveness of local gas relative to LNG.

Solid Power Generation Performance

Adjusted EBITDA for power generation increased 5% year-on-year, mainly attributed to PEPE 6 and higher spot prices measured in dollars.

Pampa Energia SA (PAM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PAM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	1.97 / -	2.7	―	―	―
Aug 06, 2025	2025 (Q2)	1.24 / 0.70	1.8	-61.11% (-1.10)
May 12, 2025	2025 (Q1)	0.84 / 2.80	4.9	-42.86% (-2.10)
Mar 05, 2025	2024 (Q4)	0.24 / 1.90	-3.575	153.15% (+5.47)
Nov 06, 2024	2024 (Q3)	1.47 / 2.70	2.8	-3.57% (-0.10)
Aug 07, 2024	2024 (Q2)	2.12 / 1.80	3.01	-40.20% (-1.21)
May 07, 2024	2024 (Q1)	1.32 / 4.90	2.56	91.41% (+2.34)	―	―
Mar 06, 2024	2023 (Q4)	2.36 / -3.58	2.05	-274.39% (-5.63)	―	―
Nov 08, 2023	2023 (Q3)	1.79 / 2.80	3.23	-13.31% (-0.43)	―	―
Aug 09, 2023	2023 (Q2)	1.44 / 3.01	1.2	150.83% (+1.81)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PAM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$77.52	$82.66	+6.63%
May 12, 2025	$81.26	$83.73	+3.04%
Mar 05, 2025	$77.81	$77.90	+0.12%
Nov 06, 2024	$67.69	$69.23	+2.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pampa Energia SA (PAM) report earnings?

Pampa Energia SA (PAM) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Pampa Energia SA (PAM) earnings time?

Pampa Energia SA (PAM) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PAM EPS forecast?

PAM EPS forecast for the fiscal quarter 2025 (Q3) is 1.97.

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