PAM Chart
About

Pampa Energía S.A. operates as an integrated power company in Argentina. The company operates through Oil and Gas; Generation; Petrochemicals; and Holding, Transportation and Others segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,472 megawatt (MW) installed capacity. The company also explores for and produces oil and gas in the provinces of Neuquén and Río Negro. In addition, it produces petrochemicals, such as styrene, synthetic rubber, and polystyrene. Further, the company operates and maintains a 22,396 km high-voltage electricity transmission network in Argentina. Additionally, it holds a concession for the transportation of natural gas with 9,248 km of gas pipelines in the center, west, and south of Argentina; and processes and sells natural gas liquids in Bahía Blanca in the Province of Buenos Aires, as well as offers related advisory services. The company was formerly known as Pampa Holding S.A. and changed its name to Pampa Energía S.A. in September 2008. Pampa Energía S.A. was incorporated in 1945 and is based in Buenos Aires, Argentina.

Fundamentals
Scroll to Statements
Sector Industrials Industry Conglomerates Market Cap 4.62B
Enterprise Value 109.93B Income 377.00M Sales 2.00B
Book/sh 2.64 Cash/sh 0.80 Dividend Yield
Payout 0.00% Employees IPO
P/E 11.23 Forward P/E 7.23 PEG
P/S 2.31 P/B 31.87 P/C
EV/EBITDA 157.35 EV/Sales 55.02 Quick Ratio 2.42
Current Ratio 3.11 Debt/Eq 53.48 LT Debt/Eq
EPS (ttm) 7.50 EPS next Y 11.65 EPS Growth 51.90%
Revenue Growth 16.60% Earnings 2026-05-11 ROA 2.91%
ROE 10.96% ROIC Gross Margin 31.31%
Oper. Margin 4.47% Profit Margin 18.87% Shs Outstand 54.38M
Shs Float 683.51M Short Float 1.46% Short Ratio 2.08
Short Interest 52W High 94.50 52W Low 54.95
Beta -0.05 Avg Volume 202.13K Volume 237.49K
Target Price $109.78 Recom Buy Prev Close $80.21
Price $84.26 Change 5.05%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$109.78
Mean price target
2. Current target
$84.29
Latest analyst target
3. DCF / Fair value
$-233.87
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$84.29
Low
$90.00
High
$140.00
Mean
$109.78

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-12 up HSBC Hold → Buy $97
2025-05-19 main Citigroup Neutral → Neutral $92
2025-01-10 main JP Morgan Neutral → Neutral $94
2024-10-30 main JP Morgan Neutral → Neutral $59
2024-09-25 main JP Morgan Neutral → Neutral $55
2024-09-11 main B of A Securities Buy → Buy $72
2024-07-03 up Citigroup Neutral → Buy $58
2024-05-28 main JP Morgan Neutral → Neutral $48
2024-05-21 up HSBC Reduce → Hold $46
2024-04-17 main Citigroup Neutral → Neutral $51
2023-12-04 up JP Morgan Underweight → Neutral $43
2023-09-21 init Jefferies — → Buy $56
2023-09-07 down HSBC Hold → Reduce $30
2020-06-22 down JP Morgan Neutral → Underweight $8
2019-12-19 down JP Morgan Overweight → Neutral $16
2019-10-03 up Citigroup Neutral → Buy $24
2019-08-13 down B of A Securities Buy → Neutral $33
2018-11-21 up Credit Suisse Neutral → Outperform
2018-11-14 main JP Morgan Overweight → Overweight $52
2018-09-14 main B of A Securities Buy → Buy $55
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems63.00M191.45M36.71M1.58M
TaxRateForCalcs0.350.350.210.20
NormalizedEBITDA840.00M699.00M837.00M765.00M
TotalUnusualItems180.00M547.00M172.00M8.00M
TotalUnusualItemsExcludingGoodwill180.00M547.00M172.00M8.00M
NetIncomeFromContinuingOperationNetMinorityInterest619.00M302.00M456.00M348.00M
ReconciledDepreciation342.00M267.00M212.00M205.00M
ReconciledCostOfRevenue945.00M847.00M933.00M751.00M
EBITDA1.02B1.25B1.01B773.00M
EBIT678.00M979.00M797.00M568.00M
NetInterestIncome-110.00M-299.00M-205.00M-150.00M
InterestExpense180.00M356.00M216.00M178.00M
InterestIncome82.00M75.00M32.00M37.00M
NormalizedIncome502.00M-53.55M320.71M341.58M
NetIncomeFromContinuingAndDiscontinuedOperation619.00M302.00M456.00M273.00M
TotalExpenses1.59B1.35B1.32B1.08B
RentExpenseSupplemental30.00M32.00M32.00M28.00M
TotalOperatingIncomeAsReported440.00M424.00M631.00M579.00M
DilutedAverageShares54.40M54.64M55.24M56.20M
BasicAverageShares54.40M54.64M55.24M56.20M
DilutedEPS11.505.508.254.75
BasicEPS11.505.508.254.75
DilutedNIAvailtoComStockholders619.00M302.00M456.00M273.00M
NetIncomeCommonStockholders619.00M302.00M456.00M273.00M
NetIncome619.00M302.00M456.00M273.00M
MinorityInterests0.00-3.00M-1.00M35.00M
NetIncomeIncludingNoncontrollingInterests619.00M305.00M457.00M238.00M
NetIncomeDiscontinuousOperations0.000.00-75.00M
NetIncomeContinuousOperations619.00M305.00M457.00M313.00M
TaxProvision-121.00M318.00M124.00M77.00M
PretaxIncome498.00M623.00M581.00M390.00M
OtherIncomeExpense326.00M545.00M277.00M108.00M
OtherNonOperatingIncomeExpenses-14.00M-1.00M
SpecialIncomeCharges-48.00M-27.00M-9.00M20.00M
GainOnSaleOfPPE11.00M-1.00M4.00M3.00M
GainOnSaleOfBusiness34.00M9.00M0.0017.00M
OtherSpecialCharges3.00M-9.00M-29.00M-3.00M
WriteOff56.00M5.00M4.00M-1.00M
ImpairmentOfCapitalAssets34.00M39.00M38.00M4.00M
RestructuringAndMergernAcquisition-7.00M14.00M0.00
EarningsFromEquityInterest146.00M-2.00M105.00M100.00M
GainOnSaleOfSecurity228.00M574.00M181.00M-12.00M
NetNonOperatingInterestIncomeExpense-110.00M-299.00M-205.00M-150.00M
TotalOtherFinanceCost12.00M18.00M21.00M9.00M
InterestExpenseNonOperating180.00M356.00M216.00M178.00M
InterestIncomeNonOperating82.00M75.00M32.00M37.00M
OperatingIncome282.00M377.00M509.00M432.00M
OperatingExpense315.00M248.00M181.00M125.00M
OtherOperatingExpenses-22.00M-30.00M-43.00M-28.00M
OtherTaxes51.00M44.00M34.00M27.00M
ProvisionForDoubtfulAccounts0.00
DepreciationAmortizationDepletionIncomeStatement8.00M7.00M6.00M5.00M
DepreciationAndAmortizationInIncomeStatement8.00M7.00M6.00M5.00M
DepreciationIncomeStatement8.00M7.00M6.00M5.00M
SellingGeneralAndAdministration275.00M225.00M182.00M119.00M
SellingAndMarketingExpense55.00M51.00M48.00M26.00M
GeneralAndAdministrativeExpense220.00M174.00M134.00M93.00M
OtherGandA111.00M74.00M53.00M37.00M
RentAndLandingFees3.00M1.00M1.00M1.00M
SalariesAndWages106.00M99.00M80.00M55.00M
GrossProfit597.00M625.00M690.00M557.00M
CostOfRevenue1.28B1.11B1.14B951.00M
TotalRevenue1.88B1.73B1.83B1.51B
OperatingRevenue1.84B1.73B1.83B1.51B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber3.88M3.88M4.00M4.00M
OrdinarySharesNumber1.36B1.36B1.38B1.38B
ShareIssued1.36B1.36B1.38B1.39B
NetDebt1.34B1.28B1.51B1.33B
TotalDebt2.09B1.47B1.62B1.45B
TangibleBookValue3.19B2.31B2.14B1.75B
InvestedCapital5.37B3.85B3.89B3.22B
WorkingCapital1.08B815.00M712.00M783.00M
NetTangibleAssets3.19B2.31B2.14B1.75B
CapitalLeaseObligations15.00M18.00M10.00M13.00M
CommonStockEquity3.29B2.40B2.28B1.78B
TotalCapitalization4.66B3.63B3.62B3.14B
TotalEquityGrossMinorityInterest3.29B2.41B2.28B1.79B
MinorityInterest9.00M9.00M7.00M6.00M
StockholdersEquity3.29B2.40B2.28B1.78B
OtherEquityInterest191.00M191.00M191.00M191.00M
GainsLossesNotAffectingRetainedEarnings1.81B1.45B1.08B754.00M
OtherEquityAdjustments1.81B1.45B1.08B754.00M
TreasuryStock7.00M7.00M23.00M7.00M
RetainedEarnings742.00M223.00M477.00M295.00M
AdditionalPaidInCapital516.00M516.00M516.00M516.00M
CapitalStock36.00M36.00M36.00M36.00M
CommonStock36.00M36.00M36.00M36.00M
TotalLiabilitiesNetMinorityInterest3.05B2.31B2.46B2.07B
TotalNonCurrentLiabilitiesNetMinorityInterest1.75B1.79B1.83B1.73B
OtherNonCurrentLiabilities-1.00M4.00M
EmployeeBenefits101.00M44.00M38.00M27.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans30.00M16.00M28.00M24.00M
TradeandOtherPayablesNonCurrent2.00M4.00M1.00M0.00
NonCurrentDeferredLiabilities124.00M352.00M291.00M188.00M
NonCurrentDeferredTaxesLiabilities124.00M352.00M291.00M188.00M
LongTermDebtAndCapitalLeaseObligation1.38B1.24B1.35B1.37B
LongTermCapitalLeaseObligation11.00M14.00M10.00M9.00M
LongTermDebt1.37B1.22B1.34B1.36B
LongTermProvisions137.00M150.00M147.00M141.00M
CurrentLiabilities1.30B521.00M631.00M342.00M
OtherCurrentLiabilities2.00M
CurrentDeferredLiabilities9.00M3.00M4.00M
CurrentDeferredRevenue9.00M3.00M4.00M
CurrentDebtAndCapitalLeaseObligation710.00M228.00M273.00M83.00M
CurrentCapitalLeaseObligation4.00M4.00M2.00M4.00M
CurrentDebt706.00M224.00M273.00M79.00M
OtherCurrentBorrowings706.00M193.00M214.00M68.00M
LineOfCredit0.0031.00M59.00M11.00M
PensionandOtherPostRetirementBenefitPlansCurrent52.00M30.00M33.00M31.00M
CurrentProvisions10.00M6.00M4.00M5.00M
PayablesAndAccruedExpenses530.00M257.00M319.00M219.00M
Payables530.00M257.00M319.00M219.00M
OtherPayable10.00M16.00M5.00M7.00M
DuetoRelatedPartiesCurrent14.00M15.00M
TotalTaxPayable287.00M31.00M33.00M43.00M
IncomeTaxPayable257.00M17.00M5.00M20.00M
AccountsPayable233.00M210.00M281.00M169.00M
TotalAssets6.34B4.72B4.74B3.86B
TotalNonCurrentAssets3.96B3.39B3.40B2.74B
OtherNonCurrentAssets1.00M1.00M
NonCurrentPrepaidAssets0.001.00M
NonCurrentDeferredAssets157.00M0.0036.00M84.00M
NonCurrentDeferredTaxesAssets157.00M0.0036.00M84.00M
DuefromRelatedPartiesNonCurrent11.00M17.00M23.00M
NonCurrentNoteReceivables0.001.00M
NonCurrentAccountsReceivable75.00M18.00M20.00M33.00M
InvestmentsAndAdvances1.02B707.00M1.03B908.00M
InvestmentinFinancialAssets27.00M35.00M128.00M134.00M
AvailableForSaleSecurities101.00M105.00M
FinancialAssetsDesignatedasFairValueThroughProfitorLossTotal27.00M35.00M27.00M29.00M
LongTermEquityInvestment993.00M672.00M902.00M774.00M
InvestmentsinJointVenturesatCost993.00M635.00M820.00M676.00M
InvestmentsinAssociatesatCost0.0037.00M82.00M98.00M
GoodwillAndOtherIntangibleAssets95.00M96.00M138.00M38.00M
OtherIntangibleAssets60.00M61.00M103.00M3.00M
Goodwill35.00M35.00M35.00M35.00M
NetPPE2.62B2.56B2.17B1.67B
AccumulatedDepreciation-1.80B-1.64B-1.53B-1.39B
GrossPPE4.42B4.20B3.70B3.06B
ConstructionInProgress277.00M490.00M297.00M187.00M
OtherProperties4.33B3.91B3.59B3.13B
CurrentAssets2.38B1.34B1.34B1.12B
HedgingAssetsCurrent1.00M0.00
AssetsHeldForSaleCurrent0.00
PrepaidAssets139.00M38.00M49.00M48.00M
Inventory217.00M201.00M165.00M147.00M
OtherInventories57.00M72.00M61.00M60.00M
Receivables354.00M266.00M437.00M357.00M
OtherReceivables47.00M36.00M103.00M88.00M
DuefromRelatedPartiesCurrent11.00M7.00M7.00M8.00M
TaxesReceivable8.00M10.00M14.00M5.00M
NotesReceivable0.004.00M8.00M
AccountsReceivable288.00M209.00M305.00M256.00M
AllowanceForDoubtfulAccountsReceivable-1.00M-1.00M-6.00M-9.00M
GrossAccountsReceivable289.00M210.00M311.00M265.00M
CashCashEquivalentsAndShortTermInvestments1.67B831.00M692.00M573.00M
OtherShortTermInvestments930.00M660.00M586.00M463.00M
CashAndCashEquivalents738.00M171.00M106.00M110.00M
CashEquivalents664.00M140.00M95.00M84.00M
CashFinancial74.00M31.00M11.00M26.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-12.00M-183.00M172.00M519.00M
RepurchaseOfCapitalStock0.000.00-18.00M-39.00M
RepaymentOfDebt-553.00M-200.00M-174.00M-344.00M
IssuanceOfDebt1.17B424.00M308.00M188.00M
CapitalExpenditure-447.00M-758.00M-447.00M-210.00M
EndCashPosition738.00M171.00M106.00M110.00M
OtherCashAdjustmentOutsideChangeinCash0.000.0052.00M
BeginningCashPosition171.00M106.00M110.00M141.00M
EffectOfExchangeRateChanges0.00-7.00M-2.00M4.00M
ChangesInCash567.00M72.00M-2.00M-87.00M
FinancingCashFlow476.00M-57.00M-46.00M-342.00M
CashFromDiscontinuedFinancingActivities0.000.00-7.00M
CashFlowFromContinuingFinancingActivities476.00M-57.00M-46.00M-335.00M
InterestPaidCFF-145.00M-280.00M-162.00M-140.00M
CashDividendsPaid0.00-1.00M0.000.00
CommonStockDividendPaid0.00-1.00M0.000.00
NetCommonStockIssuance0.000.00-18.00M-39.00M
CommonStockPayments0.000.00-18.00M-39.00M
NetIssuancePaymentsOfDebt621.00M224.00M134.00M-156.00M
NetLongTermDebtIssuance621.00M224.00M134.00M-156.00M
LongTermDebtPayments-553.00M-200.00M-174.00M-344.00M
LongTermDebtIssuance1.17B424.00M308.00M188.00M
InvestingCashFlow-344.00M-446.00M-575.00M-474.00M
CashFromDiscontinuedInvestingActivities0.000.00-166.00M
CashFlowFromContinuingInvestingActivities-344.00M-446.00M-575.00M-308.00M
NetOtherInvestingChanges1.00M-6.00M11.00M26.00M
DividendsReceivedCFI9.00M0.0010.00M18.00M
NetInvestmentPurchaseAndSale-15.00M226.00M-103.00M-182.00M
SaleOfInvestment52.00M
PurchaseOfInvestment-103.00M-234.00M
NetBusinessPurchaseAndSale108.00M71.00M-67.00M34.00M
SaleOfBusiness156.00M72.00M44.00M51.00M
PurchaseOfBusiness-48.00M-1.00M-111.00M-17.00M
NetIntangiblesPurchaseAndSale0.0020.00M-10.00M1.00M
SaleOfIntangibles0.0020.00M21.00M5.00M
PurchaseOfIntangibles0.000.00-31.00M-4.00M
NetPPEPurchaseAndSale-447.00M-757.00M-416.00M-205.00M
SaleOfPPE0.001.00M0.001.00M
PurchaseOfPPE-447.00M-758.00M-416.00M-206.00M
OperatingCashFlow435.00M575.00M619.00M729.00M
CashFromDiscontinuedOperatingActivities0.000.00116.00M
CashFlowFromContinuingOperatingActivities435.00M575.00M619.00M612.00M
TaxesRefundPaid0.000.00-2.00M-13.00M
ChangeInWorkingCapital-336.00M-132.00M-132.00M-37.00M
ChangeInOtherWorkingCapital-22.00M-10.00M-4.00M-5.00M
ChangeInPayablesAndAccruedExpense117.00M64.00M126.00M49.00M
ChangeInPayable117.00M64.00M126.00M49.00M
ChangeInAccountPayable75.00M17.00M70.00M43.00M
ChangeInTaxPayable17.00M27.00M41.00M-2.00M
ChangeInIncomeTaxPayable17.00M27.00M41.00M-2.00M
ChangeInInventory-20.00M-35.00M-21.00M-40.00M
ChangeInReceivables-411.00M-151.00M-233.00M-41.00M
OtherNonCashItems128.00M279.00M206.00M134.00M
StockBasedCompensation0.000.00-37.00M0.00
UnrealizedGainLossOnInvestmentSecurities-213.00M-392.00M-94.00M24.00M
ProvisionandWriteOffofAssets9.00M12.00M4.00M18.00M
AssetImpairmentCharge90.00M44.00M42.00M3.00M
DeferredTax-121.00M318.00M124.00M77.00M
DeferredIncomeTax-121.00M318.00M124.00M77.00M
DepreciationAmortizationDepletion342.00M267.00M212.00M205.00M
DepreciationAndAmortization342.00M267.00M212.00M205.00M
AmortizationCashFlow1.00M
AmortizationOfIntangibles1.00M
Depreciation211.00M
OperatingGainsLosses-83.00M-126.00M-161.00M-111.00M
PensionAndEmployeeBenefitExpense88.00M63.00M33.00M13.00M
EarningsLossesFromEquityInvestments-146.00M2.00M-105.00M-100.00M
NetForeignCurrencyExchangeGainLoss0.00-190.00M-85.00M-3.00M
GainLossOnSaleOfPPE9.00M8.00M-4.00M-4.00M
GainLossOnSaleOfBusiness-34.00M-9.00M0.00-17.00M
NetIncomeFromContinuingOperations619.00M305.00M457.00M313.00M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for PAM
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status