The earnings call presented a mix of positive developments and challenges. The company experienced significant operational achievements such as the production ramp-up in Rincón de Aranda and contributions from the new wind farm, alongside proactive financial management. However, these were balanced by declines in adjusted EBITDA, oil and gas performance, and free cash flow issues driven by high CapEx. Overall, the sentiment remains balanced due to the equal presence of both highlights and lowlights.

Company Guidance -

Q3 2025

During Pampa Energia's second quarter 2025 results call, the company reported an adjusted EBITDA of $239 million, a 17% year-on-year decline, primarily due to soft gas sales, falling petchem prices, and increased operating expenses. Despite these challenges, contributions from the new 140 megawatt PEPE 6 wind farm, increased gas exports to Chile, and higher production at Rincón de Aranda provided some offset. The quarter saw a CapEx surge of 134% year-on-year, reaching $354 million, with $249 million allocated to Rincón de Aranda's development. Oil and gas adjusted EBITDA was reported at $87 million, down 28% year-on-year, affected by decreased domestic gas sales and higher lifting costs. The company also highlighted a successful liability management transaction, extending the maturity of 2029 notes to 2034 with a $140 million recapitalization issued at the lowest spread over U.S. treasuries in the company's history.

Rincón de Aranda Production Ramp-Up

Successful production ramp-up in Rincón de Aranda, achieving 16,000 barrels per day from 4 pads and expecting to reach 20,000 barrels per day by Q4 2025.

Wind Farm Contribution

The new 140 megawatts wind farm, PEPE 6, contributed positively to the quarter's figures, along with higher spot prices.

Proactive Liability Management

Extended the 2029 notes to 2034 with a $140 million recap issued at the lowest spread over U.S. treasuries in Pampa's history.

CapEx Surge

CapEx surged 134% year-on-year to $354 million, with significant investment in Rincón de Aranda development.

Power Generation EBITDA Increase

Power generation adjusted EBITDA increased by 5% year-on-year to $112 million, driven by PEPE 6 performance and higher spot prices.

Successful Gas Export to Chile

Increased gas exports to Chile, reaching 1.1 million cubic meters per day by June.

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

Daily Earnings Calendar >

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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