The earnings call presented a balanced view with significant achievements in LNG project approval and power generation performance. However, challenges in the E&P business, increased costs, and cash flow outflows were notable concerns.

Company Guidance -

Q2 2025

During the first quarter of 2025, Pampa Energia reported an adjusted EBITDA of $220 million, marking a 17% increase from the previous year, primarily driven by stronger spot prices in power, increased Plan Gas deliveries, and tariff hikes at TGS and Transener. The company's power generation and utility businesses performed solidly, and gas deliveries for thermal generation increased. A significant post-quarter highlight was the FID on the FLNG project, in which Pampa holds a 20% stake. This project will require 27 million cubic meters of gas per day, with Pampa supplying up to 6 million cubic meters per day, representing a nearly 50% increase from their current production. The CapEx for the quarter rose 35% year-on-year, with $114 million allocated to Rincon de Aranda. In the Exploration and Production (E&P) segment, adjusted EBITDA was down 39% year-on-year to $41 million, mainly due to increased operating expenses. Total production averaged 73,000 barrels of oil equivalent per day. The power generation business saw a 51% increase in adjusted EBITDA to $130 million, attributed to higher spot prices and contributions from the newly commissioned PEPE VI wind farm. The company also achieved a net debt of $577 million, reflecting a net leverage ratio of 0.8x, following a redemption of the 2027 notes and issuance of 2031 and 2034 notes.

FLNG Project Approval

The FID on the FLNG project was approved where Pampa holds a 20% stake. The project will export 6 million tons of LNG per year, requiring 27 million cubic meters of gas per day, marking a strategic move to monetize Vaca Muerta reserves.

Adjusted EBITDA Growth

Pampa Energia reported an adjusted EBITDA of $220 million, representing a 17% increase from the previous year, driven by stronger spot prices in power and higher deliveries of Plan Gas.

Power Generation Business Performance

Adjusted EBITDA in power generation was $130 million in Q1, a 51% increase year-on-year, mainly due to higher spot prices and contributions from the newly commissioned PEPE VI wind farm.

Regulatory Progress in Utilities

TGS and Transener completed their comprehensive tariff reviews, setting conditions for the next five years until 2030, indicating progress toward regulatory normalization.

Export Campaign Expansion

Pampa Energia's 2025 export campaign is on track to double last year's volumes, with new exports to Brazil and increased flows through GasAndes and Pacifico pipelines to Chile.

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
Aug 06, 2025	2025 (Q2)	1.24 / -	1.8	―	―	―
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)	―	―
May 10, 2023	2023 (Q1)	0.61 / 2.56	1.79	43.02% (+0.77)	―	―

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
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%
Aug 07, 2024	$44.21	$48.80	+10.38%

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 Aug 06, 2025, After Close (Confirmed).

What is Pampa Energia SA (PAM) earnings time?

Pampa Energia SA (PAM) earnings time is at Aug 06, 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 (Q2) is 1.24.

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