Pampa Energía Past Earnings Performance
Past criteria checks 1/6
Pampa Energía has been growing earnings at an average annual rate of 5.4%, while the Electric Utilities industry saw earnings growing at 4.6% annually. Revenues have been growing at an average rate of 7.5% per year. Pampa Energía's return on equity is 11.6%, and it has net margins of 20.3%.
Key information
5.45%
Earnings growth rate
6.63%
EPS growth rate
| Electric Utilities Industry Growth | -4.18% |
| Revenue growth rate | 7.50% |
| Return on equity | 11.61% |
| Net Margin | 20.31% |
| Next Earnings Update | 04 Aug 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 30
PAMP: Future Upside Will Be Driven By Revised JPMorgan Forecasts
Analysts have modestly lifted their fair value estimate for Pampa Energía to ARS6,636, aligning it with a slightly higher updated price target after recent model revisions. What's in the News No recent company specific news items for Pampa Energía were identified in the provided sources.
Narrative Update • Jun 15
PAMP: Higher Fair Value Will Reflect Lower Risk And Richer Earnings Multiple
Analysts have lifted their fair value estimate for Pampa Energía to ARS 6,200 from ARS 5,400, supported by updated models that reflect a lower discount rate, adjusted revenue growth assumptions, slightly higher profit margins, and a higher future P/E multiple in line with the latest Street research price target change. What's in the News No recent company specific news items were provided in the available sources.
Narrative Update • Jun 01
PAMP: Rincon De Aranda Crude Upside Will Drive Future Repricing
Analysts have lifted their price targets on Pampa Energía, with recent updates pointing to ARS 97.00 to ARS 101.50. These changes are supported by a refreshed company model, a higher assumed revenue growth outlook alongside a lower profit margin input, a slightly higher future P/E, and growing confidence in the value of its assets and crude-focused investments.Narrative Update • May 16
PAMP: Rincon De Aranda Crude Upside And Buyback Activity Will Support Repricing
Analysts have lifted their price target on Pampa Energía to ARS 7,400 from ARS 7,400. This reflects updated views on revenue growth, margins, discount rate and P/E assumptions, supported by recent research that highlights the company's asset quality, disciplined investment approach and potential upside from crude-focused projects such as Rincon de Aranda, alongside any improvement in Argentina's macro backdrop.Narrative Update • May 01
PAMP: Rincon De Aranda Crude Exposure Will Drive Future Upside Potential
Analysts have lifted their ARS price target for Pampa Energía, citing stronger expected profit margins, a lower future P/E, and confidence in the quality of its assets and Rincon de Aranda crude investments as key drivers of the change. Analyst Commentary Recent Street research highlights a more constructive tone around Pampa Energía, with bullish analysts pointing to asset quality, disciplined capital allocation, and crude exposure at Rincon de Aranda as key parts of the investment case.Narrative Update • Apr 16
PAMP: Future Upside Will Be Driven By Rincon De Aranda Crude Exposure
Analysts have raised their ARS price target for Pampa Energía, citing a more supportive view on valuation linked to its Rincon de Aranda crude exposure and its disciplined investment approach. Analyst Commentary Bullish Takeaways Bullish analysts point to the move in the target to $97 from $88 as a reflection of stronger conviction in how the current valuation lines up with the quality of Pampa Energía's asset base.Narrative Update • Apr 02
PAMP: Rincon De Aranda Exposure Will Drive Future Upside Potential
Analysts have raised their ARS price target on Pampa Energía, citing confidence in the quality of its assets, its investment discipline, and potential upside tied to higher crude oil assumptions and exposure to the Rincon de Aranda field, along with possible support from any improvement in Argentina's macroeconomic environment. Analyst Commentary Recent Street research reflects a more constructive stance on Pampa Energía, with bullish analysts signaling greater confidence in the company’s ability to execute on its asset base and investment plans.Narrative Update • Mar 19
PAMP: Future Returns Will Be Driven By Crude Projects And Buybacks
Analysts have lifted their fair value estimate for Pampa Energía from ARS 6,149.67 to ARS 6,183.00, pointing to stronger perceived asset quality, disciplined investment, and potential upside from crude-focused projects such as Rincon de Aranda. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target of US$97 from US$88 as a reflection of confidence in how Pampa Energía is managing its asset base and capital allocation.Narrative Update • Mar 04
PAMP: Future Returns Will Reflect Buybacks And Improved Margin And Risk Outlook
Analysts now see fair value for Pampa Energía at ARS 6,149.67, up from ARS 5,747.17, citing updated assumptions around revenue growth, profit margins, and a lower discount rate that also indicate a reduced future P/E estimate. What's in the News Pampa Energía completed a share buyback tranche between September 8, 2025 and March 2, 2026, repurchasing 830,000 shares for $168.8 million.Narrative Update • Feb 17
PAMP: Power And Gas Integration Will Drive Future Upside Potential
Analysts have held their ARS 7,400 price target for Pampa Energía, with the latest update reflecting slightly lower assumed revenue growth, a higher profit margin outlook, and a reduced discount rate that together support the same fair value under revised P/E expectations. Valuation Changes Fair Value: ARS 7,400 remains unchanged, indicating the overall target valuation is the same under the revised assumptions.Narrative Update • Feb 03
PAMP: Fair Value View Will Reflect Higher Margins And Revised Cash Flow Assumptions
Analysts have revised their fair value estimate for Pampa Energía from $3,400 to $5,400, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple as key drivers of the change. Valuation Changes Fair Value Estimate was raised from ARS 3,400 to ARS 5,400, reflecting the updated model assumptions.Narrative Update • Jan 20
PAMP: Power And Gas Integration Will Drive Future Upside Potential
Analysts have lifted their fair value estimate for Pampa Energía from $4,800 to $7,400, citing updated assumptions that reflect recent research highlighting expected benefits from changes in its power generation business and improved monetization of its gas upstream operations. Analyst Commentary Recent Street research highlights a more constructive view on Pampa Energía, with bullish analysts revisiting their models and aligning valuation work with updated expectations for the power and gas businesses.Narrative Update • Jan 06
PAMP: Future Returns Will Reflect Integrated Power And Gas Monetization Potential
Analysts have raised their price target on Pampa Energía, increasing their fair value estimate from $5,016.50 to approximately $5,747.17. They cited updated expectations related to changes in power generation and the potential monetization of its gas upstream and integrated businesses.Narrative Update • Dec 14
PAMP: Future Returns Will Reflect Power Reforms And Gas Integration Benefits
Analysts have raised their price target on Pampa Energía from $92 to $113 per share, citing expectations for significant benefits from changes in the power generation business and improved monetization and integration of the company's gas upstream operations. Analyst Commentary Recent research updates highlight a more constructive stance on Pampa Energía, with higher price targets reflecting improved visibility on earnings growth and cash flow generation from both power and gas operations.Narrative Update • Nov 28
PAMP: Future Performance Will Reflect Gains From Power-Gas Business Integration
Analysts have raised their price target for Pampa Energía from $92 to $113, citing anticipated gains from improvements in its power generation and gas upstream integration businesses. Analyst Commentary Recent analyst upgrades reflect a shift in sentiment around Pampa Energía, with expectations that operational improvements and business integration will support ongoing growth and value creation.Narrative Update • Nov 14
PAMP: Future Earnings Will Depend On Power-Gas Integration Execution Success
Analysts have raised their price target for Pampa Energía from $92 to $113. They cite expected benefits from improvements in the company’s power generation and gas monetization businesses.Narrative Update • Oct 31
PAMP: Softer Revenue And Margin Outlook Will Limit Future Upside
Narrative Update: Analyst Price Target Change for Pampa Energía Analysts have lowered their price target for Pampa Energía from $4,139.83 to $4,083.17, reflecting cautious sentiment in light of slightly softer revenue growth and profit margin forecasts. Valuation Changes Fair Value: Decreased slightly from ARS 4,139.83 to ARS 4,083.17.Narrative Update • Oct 17
Rincón De Aranda Shale And Renewables Will Redefine Energy Landscape
Narrative Update on Pampa Energía Analysts have maintained their price target for Pampa Energía at $4,139.83, citing steady forecasts for revenue growth and profit margins. They also noted only a slight rise in future price-to-earnings expectations.Narrative Update • Oct 03
Rincón De Aranda Shale And Renewables Will Redefine Energy Landscape
Analysts have slightly raised their price target for Pampa Energía to $4,139.83. They cite modest improvements in revenue growth forecasts, even though there is a minor decline in projected profit margins.
New Narrative • Jan 19
PEPE VI Wind Expansion And LNG Project Will Expand Future Energy Capacity
Renewable energy and LNG projects could significantly boost future revenues and earnings through increased capacity and export opportunities.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Pampa Energía makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,157 | 438 | 296 | 0 |
| 31 Dec 25 | 1,998 | 377 | 289 | 0 |
| 30 Sep 25 | 1,926 | 322 | 337 | 0 |
| 30 Jun 25 | 1,875 | 445 | 340 | 0 |
| 31 Mar 25 | 1,976 | 564 | 323 | 0 |
| 31 Dec 24 | 1,876 | 619 | 333 | 0 |
| 30 Sep 24 | 2,815 | 692 | 409 | 0 |
| 30 Jun 24 | 2,420 | 593 | 346 | 0 |
| 31 Mar 24 | 2,028 | 531 | 337 | 0 |
| 31 Dec 23 | 1,732 | 302 | 260 | 0 |
| 30 Sep 23 | 2,339 | 677 | 282 | 0 |
| 30 Jun 23 | 2,198 | 653 | 280 | 0 |
| 31 Mar 23 | 2,020 | 535 | 238 | 0 |
| 31 Dec 22 | 1,829 | 456 | 208 | 0 |
| 30 Sep 22 | 1,949 | 435 | 202 | 0 |
| 30 Jun 22 | 1,814 | 360 | 180 | 0 |
| 31 Mar 22 | 1,646 | 417 | 160 | 0 |
| 31 Dec 21 | 1,508 | 348 | 140 | 0 |
| 30 Sep 21 | 1,580 | 436 | 144 | 0 |
| 30 Jun 21 | 1,377 | 373 | 134 | 0 |
| 31 Mar 21 | 1,188 | 253 | 126 | 0 |
| 31 Dec 20 | 1,073 | 225 | 120 | 0 |
| 30 Sep 20 | 596 | 194 | 75 | 0 |
| 30 Jun 20 | 863 | 197 | 105 | 0 |
| 31 Mar 20 | 1,162 | 395 | 126 | 0 |
| 31 Dec 19 | 1,340 | 495 | 143 | 0 |
| 30 Sep 19 | 2,333 | 743 | 253 | 0 |
| 30 Jun 19 | 2,848 | 726 | 311 | 0 |
| 31 Mar 19 | 2,578 | 176 | 303 | 0 |
| 31 Dec 18 | 1,436 | 28 | 169 | 0 |
| 30 Sep 18 | 3,190 | 106 | 364 | 0 |
| 30 Jun 18 | 3,936 | 323 | 468 | 0 |
| 31 Mar 18 | 4,901 | 766 | 592 | 0 |
| 31 Dec 17 | 4,406 | 682 | 587 | 0 |
| 30 Sep 17 | 2,490 | 215 | 345 | 0 |
| 30 Jun 17 | 2,378 | 96 | 392 | 0 |
| 31 Mar 17 | 2,081 | 60 | 382 | 0 |
| 31 Dec 16 | 1,584 | -5 | 319 | 0 |
| 30 Sep 16 | 1,316 | 70 | 299 | 0 |
| 30 Jun 16 | 809 | 137 | 199 | 0 |
| 31 Mar 16 | 661 | 189 | 175 | 0 |
| 31 Dec 15 | 549 | 237 | 169 | 0 |
| 30 Sep 15 | 741 | 184 | 202 | 0 |
Quality Earnings: PAMP has a high level of non-cash earnings.
Growing Profit Margin: PAMP's current net profit margins (20.3%) are lower than last year (28.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PAMP's earnings have grown by 5.4% per year over the past 5 years.
Accelerating Growth: PAMP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PAMP had negative earnings growth (-22.4%) over the past year, making it difficult to compare to the Electric Utilities industry average (-1.5%).
Return on Equity
High ROE: PAMP's Return on Equity (11.6%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/14 21:46 |
| End of Day Share Price | 2026/07/14 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Pampa Energía S.A. is covered by 13 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matias Cattaruzzi | AdCap Securities Argentina S.A. |
| Gustavo Faria | BofA Global Research |
| Daniel Guardiola | BTG Pactual |