PPENFNYSEElectric ServicesUS GAAP · USD

Pampa Energy Inc.

Pampa Energy Inc. is a United States-incorporated electric services company with operations centered in Argentina through a fully integrated energy group. Its business spans oil and gas production, thermal and renewable power generation, and related energy infrastructure within the Argentine market.

Liikevaihto1 998milj. USD
+6,5 %v/v
Liikevoitto (EBIT)771milj. USD
+13,7 %v/v
EBIT-marginaali38,6%
+2,4 %-yks.v/v
Nettotulos377milj. USD
−39,1 %v/v
Vapaa kassavirta−215milj. USD
−1 691,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

05001 0001 5002 000milj. USD2022: 1 829 milj. USD2022: EBIT 797 milj. USD20222023: 1 732 milj. USD2023: EBIT 979 milj. USD20232024: 1 876 milj. USD2024: EBIT 678 milj. USD20242025: 1 998 milj. USD2025: EBIT 771 milj. USD20251 998771
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Oil and gas production45 %

Exploration and production of natural gas and crude oil, mainly in Argentina.

Thermal power generation35 %

Generation of electricity from thermal plants supplying the Argentine power market.

Renewable power generation10 %

Wind farm generation assets and related renewable electricity output.

Energy transmission and infrastructure10 %

Equity stakes and participation in electricity and gas transport infrastructure.

Asiakkaat

Pampa sells energy and electricity into the Argentine wholesale power system and to industrial and commercial counterparties that need reliable supply. Its upstream production supports internal fuel needs and also serves external energy markets, linking hydrocarbon output to power generation economics. Infrastructure and transmission interests support the broader Argentine grid and energy value chain.

Wholesale electricity market

Buys thermal and renewable power sold into Argentina's WEM system for dispatch and settlement.

Industrial energy users

Buy electricity and gas for continuous operations and value supply reliability.

Oil and gas counterparties

Buy produced hydrocarbons or use gas supply to support downstream operations.

Infrastructure counterparties

Stakeholders in transmission and transport assets that support energy flow in Argentina.

Strategia

Pampa's strategy centers on remaining a fully integrated Argentine energy company, linking upstream gas and oil production with power generation and infrastructure participation. The company is expanding renewable capacity while also reinforcing its hydrocarbon base to secure fuel supply and support thermal generation economics. Its asset mix is designed to capture value across the energy chain and reduce dependence on a single segment.

Expand renewable generation capacityKeskipitkä aikaväli

Adds low-carbon power assets and diversifies the generation portfolio within Argentina.

Grow gas and oil productionKeskipitkä aikaväli

Strengthens the upstream base that feeds the company's own power operations and external sales.

Preserve integrated energy positioningPitkä aikaväli

Combining upstream, generation, and infrastructure can improve supply security and market access.

Maantiede

Pampa's operations are concentrated in Argentina, where it participates in oil and gas production, power generation, and energy infrastructure. The company is tied to the Neuquén Basin, Vaca Muerta, and Argentina's wholesale electricity market, making domestic regulation, fuel logistics, and power demand central to performance.

Riskit

Pampa is exposed to Argentine power-market regulation, fuel-price volatility, and the operational complexity of running both upstream and generation assets. Its earnings are sensitive to exchange rates, interest rates, commodity prices, weather-driven renewable output, and the timing of large energy investments and asset recoveries.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Argentina regulatory and market risk1Commodity and fuel price volatility2Operational and asset interruption risk3FX and interest-rate risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Argentina regulatory and market riskVaikutus: KorkeaTodennäköisyys: Korkea

    Power sales and infrastructure returns depend on local market rules, tariffs, and government decisions.

    Kohdistuu: Wholesale electricity and transport assets in Argentina

  2. Commodity and fuel price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Thermal generation economics depend on gas purchasing costs and upstream production pricing.

    KohdistuuOilGasPower generation
  3. Operational and asset interruption riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Power plants, pipelines, and wind farms require continuous maintenance and are vulnerable to incidents.

    Kohdistuu: Generation and hydroelectric assets

  4. FX and interest-rate riskVaikutus: KeskitasoTodennäköisyys: Korkea

    The company reports in multiple currencies and has exposure to Argentine peso and U.S. dollar movements.

    Kohdistuu: Financial results and debt economics

Kirjanpito

Harkinnanvaraiset erät
Critical estimates and judgments

Management must estimate future outcomes for assets, liabilities, and expenses in a volatile operating environment.

Vaikutus: Can change earnings, asset values, and provisions

Financial risk valuation

Market, credit, liquidity, exchange-rate, and interest-rate risks affect fair-value and financing outcomes.

Vaikutus: Moves financial results and balance-sheet items

Asset-related provisions and recoveries

Incidents, repairs, and insurance claims can create timing differences in costs and reimbursements.

Vaikutus: Affects operating income and receivables

Depreciation and amortization

Large energy assets are capital intensive and accounting expense depends on useful lives and capital base.

Vaikutus: Material impact on operating profit

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026