Q1 Net Income Reaches $214M, Up 40% Year-over-Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy PAM?
Q1 net income was $214M, 40% higher than last year. Q1 production was 100.6 kboe/day, up 38% from 72.7 kboe/day last year.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PAM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PAM
Wall Street analysts forecast PAM stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 82.500
Low
113.00
Averages
113.00
High
113.00
Current: 82.500
Low
113.00
Averages
113.00
High
113.00
About PAM
Pampa Energia SA is an Argentina-based company engaged , through its subsidiaries, in the generation, transmission and distribution of electricity. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena S.A., Central Termica Guemes S.A., Central Termica Loma de la Lata S.A. and Pampa Comercializadora S.A, among others, and investments in compnies in the electricity generation sector. Its transmission segment includes an indirect equity interest through Compania Inversora en Transmision Electrica Citelec S.A. Its distribution segment includes an indirect equity interest in Electricidad Argentina S.A. and Empresa Distribuidora y Comercializadora Norte S.A. Its Oil and gas segment includes a direct interest in Petrolera Pampa S.A. Its 'holding and others' segment includes financial investment operations, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pampa Energia Reports $214 Million Q1 Earnings
- Earnings Performance: Pampa Energia reported earnings of $214 million in Q1, translating to a per-share profit of $3.90, which demonstrates the company's stable profitability in the electricity market and boosts investor confidence.
- Revenue Growth: The company achieved revenues of $573 million during the period, indicating an increase compared to the previous year, reflecting strong performance in power supply and sales, thereby solidifying its market position.
- Market Environment: Against the backdrop of rising electricity demand in Argentina, Pampa Energia's growth is attributed to effective operational management and market strategies, suggesting potential for continued growth in the future.
- Investor Attention: With the improvement in profitability, Pampa Energia is likely to attract more investor interest, potentially driving up its stock price and enhancing its competitive edge in the market.
See More
Pampa Energía Q1 Earnings Miss Expectations
- Earnings Miss: Pampa Energía reported a Q1 non-GAAP EPS of $0.20, missing expectations by $1.29, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Growth Underwhelms: Despite a 38.4% year-over-year revenue increase to $573 million, the figure fell short of expectations by $0.99 million, suggesting competitive pressures that may affect future investment decisions.
- Lack of New Catalysts: Currently, Pampa Energía has no new catalysts, and while there is optimism regarding price potential, the absence of innovation and growth drivers may limit further stock price appreciation.
- Major Investment Plans: Transportadora de Gas del Sur plans to invest $3 billion in the Vaca Muerta NGL project, which could create new growth opportunities for the sector and indirectly impact Pampa Energía's market environment.
See More
Director Marcos Mindlin Sells 1.25 Million Shares of Pampa Energía
- Sale Overview: Director Marcos Mindlin sold 1.25 million shares of Pampa Energía on April 20, 2026, totaling $4.3 million, indicating a gradual reduction in his holdings, with no direct common stock remaining for future transactions.
- Price Analysis: The reported sale price of approximately $3.43 per share, influenced by currency fluctuations and share class differences, cannot be directly compared to the ADR closing price of $81.93, reflecting varying market valuations of the stock.
- Financial Performance: Pampa Energía reported fourth-quarter revenue of $507 million, a 16% year-over-year increase, with adjusted EBITDA rising 26% to $230 million and net income reaching $161 million, showcasing strong operational momentum driven by oil production.
- Reserve Growth: Proven reserves increased by 28%, with shale now comprising 69% of the mix, extending reserve life to over 10 years, highlighting Pampa Energía's competitive edge and future growth potential in the energy market.
See More
Five Attractive Value Stocks with Impressive EV-to-EBITDA Ratios
- Matador Resources: As a leading oil and gas explorer in the U.S., Matador Resources has an expected year-over-year earnings growth rate of 312% for 2026, with the Zacks consensus estimate for its earnings revised up by 73.3% over the past 60 days, indicating strong profitability and market appeal.
- Pampa Energia: This independent energy-integrated company in Argentina has an expected year-over-year earnings growth rate of 24.1% for 2026, and its earnings consensus estimate has been revised upward by 0.7% in the last 60 days, reflecting robust performance in the energy sector.
- Occidental Petroleum: As an integrated oil and gas company, Occidental Petroleum is projected to have a year-over-year earnings growth rate of 40.3% for 2026, with its earnings consensus estimate revised up by 377% over the past 60 days, showcasing its competitive edge and investment attractiveness in the industry.
- First American Financial: Focused on real estate transactions, First American Financial has an expected earnings growth rate of 5.5% for 2026, with its earnings consensus estimate revised up by 3.4% in the past 60 days, demonstrating stability and growth potential in the real estate market.
See More
TGS Plans $3 Billion Investment in Natural Gas Project in Argentina
- Investment Scale: Transportadora de Gas del Sur (TGS) announced a $3 billion investment in the Vaca Muerta shale formation in Argentina, with the project expected to be completed over four years, reflecting the company's confidence in the future energy market.
- Policy Support: The project will apply for the large-scale investment incentive scheme RIGI introduced by President Milei's administration, aiming to promote investment through policy support and further drive Argentina's energy independence.
- Production Target: TGS Chairman Marcelo Mindlin stated that the project is critical for the continued development of Vaca Muerta, with a target of reaching 1.5 million barrels per day by 2031-32, enhancing Argentina's position in the global energy market.
- Financing Strategy: TGS plans to fund part of the investment with its own capital while working with international banks to secure the remaining financing, indicating the company's proactive strategy in raising funds to support its expansion plans.
See More
Pampa Energía Q4 2025 Earnings Call Highlights
- Production Capacity Increase: Pampa Energía achieved a record daily production of 104,000 barrels of oil equivalent during the winter of 2025, with Rincón de Aranda's output rising from under 1,000 barrels to 20,000 barrels, driving an 8% year-on-year increase in average daily production to 84,000 barrels, underscoring the company's significant role in natural gas production.
- Strong Financial Performance: The company reported an adjusted EBITDA of $230 million for Q4, a 26% year-on-year increase primarily driven by power generation and the ramp-up at Rincón de Aranda, demonstrating the company's competitiveness and profitability in the energy market.
- Capital Expenditure Plans: Capital expenditures reached a record $1.4 billion in 2025, with about half allocated to Rincón de Aranda, and projected to increase to $770 million in 2026, indicating the company's strong commitment to future growth.
- Optimistic Future Outlook: Management expects Rincón de Aranda to reach a production target of 28,000 barrels per day by mid-2026, with a final target of 45,000 barrels in 2027, while also projecting a 10% to 15% increase in EBITDA from the power segment, reflecting a proactive response to market demand.
See More
Pampa Energia Reports $214 Million Q1 Earnings
- Earnings Performance: Pampa Energia reported earnings of $214 million in Q1, translating to a per-share profit of $3.90, which demonstrates the company's stable profitability in the electricity market and boosts investor confidence.
- Revenue Growth: The company achieved revenues of $573 million during the period, indicating an increase compared to the previous year, reflecting strong performance in power supply and sales, thereby solidifying its market position.
- Market Environment: Against the backdrop of rising electricity demand in Argentina, Pampa Energia's growth is attributed to effective operational management and market strategies, suggesting potential for continued growth in the future.
- Investor Attention: With the improvement in profitability, Pampa Energia is likely to attract more investor interest, potentially driving up its stock price and enhancing its competitive edge in the market.
See More
Pampa Energía Q1 Earnings Miss Expectations
- Earnings Miss: Pampa Energía reported a Q1 non-GAAP EPS of $0.20, missing expectations by $1.29, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Growth Underwhelms: Despite a 38.4% year-over-year revenue increase to $573 million, the figure fell short of expectations by $0.99 million, suggesting competitive pressures that may affect future investment decisions.
- Lack of New Catalysts: Currently, Pampa Energía has no new catalysts, and while there is optimism regarding price potential, the absence of innovation and growth drivers may limit further stock price appreciation.
- Major Investment Plans: Transportadora de Gas del Sur plans to invest $3 billion in the Vaca Muerta NGL project, which could create new growth opportunities for the sector and indirectly impact Pampa Energía's market environment.
See More
Director Marcos Mindlin Sells 1.25 Million Shares of Pampa Energía
- Sale Overview: Director Marcos Mindlin sold 1.25 million shares of Pampa Energía on April 20, 2026, totaling $4.3 million, indicating a gradual reduction in his holdings, with no direct common stock remaining for future transactions.
- Price Analysis: The reported sale price of approximately $3.43 per share, influenced by currency fluctuations and share class differences, cannot be directly compared to the ADR closing price of $81.93, reflecting varying market valuations of the stock.
- Financial Performance: Pampa Energía reported fourth-quarter revenue of $507 million, a 16% year-over-year increase, with adjusted EBITDA rising 26% to $230 million and net income reaching $161 million, showcasing strong operational momentum driven by oil production.
- Reserve Growth: Proven reserves increased by 28%, with shale now comprising 69% of the mix, extending reserve life to over 10 years, highlighting Pampa Energía's competitive edge and future growth potential in the energy market.
See More
Five Attractive Value Stocks with Impressive EV-to-EBITDA Ratios
- Matador Resources: As a leading oil and gas explorer in the U.S., Matador Resources has an expected year-over-year earnings growth rate of 312% for 2026, with the Zacks consensus estimate for its earnings revised up by 73.3% over the past 60 days, indicating strong profitability and market appeal.
- Pampa Energia: This independent energy-integrated company in Argentina has an expected year-over-year earnings growth rate of 24.1% for 2026, and its earnings consensus estimate has been revised upward by 0.7% in the last 60 days, reflecting robust performance in the energy sector.
- Occidental Petroleum: As an integrated oil and gas company, Occidental Petroleum is projected to have a year-over-year earnings growth rate of 40.3% for 2026, with its earnings consensus estimate revised up by 377% over the past 60 days, showcasing its competitive edge and investment attractiveness in the industry.
- First American Financial: Focused on real estate transactions, First American Financial has an expected earnings growth rate of 5.5% for 2026, with its earnings consensus estimate revised up by 3.4% in the past 60 days, demonstrating stability and growth potential in the real estate market.
See More
TGS Plans $3 Billion Investment in Natural Gas Project in Argentina
- Investment Scale: Transportadora de Gas del Sur (TGS) announced a $3 billion investment in the Vaca Muerta shale formation in Argentina, with the project expected to be completed over four years, reflecting the company's confidence in the future energy market.
- Policy Support: The project will apply for the large-scale investment incentive scheme RIGI introduced by President Milei's administration, aiming to promote investment through policy support and further drive Argentina's energy independence.
- Production Target: TGS Chairman Marcelo Mindlin stated that the project is critical for the continued development of Vaca Muerta, with a target of reaching 1.5 million barrels per day by 2031-32, enhancing Argentina's position in the global energy market.
- Financing Strategy: TGS plans to fund part of the investment with its own capital while working with international banks to secure the remaining financing, indicating the company's proactive strategy in raising funds to support its expansion plans.
See More
Pampa Energía Q4 2025 Earnings Call Highlights
- Production Capacity Increase: Pampa Energía achieved a record daily production of 104,000 barrels of oil equivalent during the winter of 2025, with Rincón de Aranda's output rising from under 1,000 barrels to 20,000 barrels, driving an 8% year-on-year increase in average daily production to 84,000 barrels, underscoring the company's significant role in natural gas production.
- Strong Financial Performance: The company reported an adjusted EBITDA of $230 million for Q4, a 26% year-on-year increase primarily driven by power generation and the ramp-up at Rincón de Aranda, demonstrating the company's competitiveness and profitability in the energy market.
- Capital Expenditure Plans: Capital expenditures reached a record $1.4 billion in 2025, with about half allocated to Rincón de Aranda, and projected to increase to $770 million in 2026, indicating the company's strong commitment to future growth.
- Optimistic Future Outlook: Management expects Rincón de Aranda to reach a production target of 28,000 barrels per day by mid-2026, with a final target of 45,000 barrels in 2027, while also projecting a 10% to 15% increase in EBITDA from the power segment, reflecting a proactive response to market demand.
See More
