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Pampa Energía S.A.NYSE:PAM Stock Report

Market Cap US$4.6b
Share Price
n/a
1Y10.2%
7D0.4%
1D0.1%
Portfolio Value
​
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Pampa Energía S.A.

NYSE:PAM Stock Report

Market Cap: US$4.6b

Pampa Energía (PAM) Stock Overview

Operates as an integrated power company in Argentina. More details

PAM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 77.9% below our estimate of its fair value

Earnings are forecast to grow 23.07% per year

Trading at good value compared to peers and industry

Risk Analysis

High level of non-cash earnings


PAM Community Fair Values

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Pampa Energía S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Pampa Energía
Historical stock prices
Current Share PriceAR$82.43
52 Week HighAR$94.50
52 Week LowAR$54.95
Beta-0.22
1 Month Change0.62%
3 Month Change-6.06%
1 Year Change10.16%
3 Year Change98.63%
5 Year Change402.62%
Change since IPO625.69%

Recent News & Updates

Seeking Alpha • Apr 22

Pampa Energía: No New Catalysts, But Potential In Prices

Summary Pampa Energía is now rated a Buy, offering exposure to Argentina's energy sector amid shifting oil price dynamics. Despite recent oil price surges, PAM shares underperformed peers due to its diversified revenue mix, with significant weight in gas and electricity. Long-term oil price uncertainty persists, but PAM's profitability risk from sub-$60 crude has eased, given current geopolitical disruptions. Vaca Muerta investments remain attractive, and PAM's strong positioning in Argentina's energy infrastructure supports upside as sector momentum builds. Read the full article on Seeking Alpha
Seeking Alpha • Apr 15

Pampa Energia: Strategic Infrastructure With Latent Upside

Summary Pampa Energía, Argentina's leading energy firm, shows strong growth in electricity generation and gas production, with significant investments in Vaca Muerta and a new wind power project. Despite a 57% stock rally, Pampa remains undervalued with P/E FWD at 8.57x and EV/EBITDA FWD at 4.68x, indicating a repricing opportunity. Financial health is robust, with net debt at 0.6x EBITDA and a cash position of $1,670 MM, positioning it among the least leveraged utilities. With expected EPS growth of 135.5% and ROE projected to reach 81% by 2025, Pampa offers significant upside potential of 35%-60%. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 22

Pampa Energía: No New Catalysts, But Potential In Prices

Summary Pampa Energía is now rated a Buy, offering exposure to Argentina's energy sector amid shifting oil price dynamics. Despite recent oil price surges, PAM shares underperformed peers due to its diversified revenue mix, with significant weight in gas and electricity. Long-term oil price uncertainty persists, but PAM's profitability risk from sub-$60 crude has eased, given current geopolitical disruptions. Vaca Muerta investments remain attractive, and PAM's strong positioning in Argentina's energy infrastructure supports upside as sector momentum builds. Read the full article on Seeking Alpha
Seeking Alpha • Apr 15

Pampa Energia: Strategic Infrastructure With Latent Upside

Summary Pampa Energía, Argentina's leading energy firm, shows strong growth in electricity generation and gas production, with significant investments in Vaca Muerta and a new wind power project. Despite a 57% stock rally, Pampa remains undervalued with P/E FWD at 8.57x and EV/EBITDA FWD at 4.68x, indicating a repricing opportunity. Financial health is robust, with net debt at 0.6x EBITDA and a cash position of $1,670 MM, positioning it among the least leveraged utilities. With expected EPS growth of 135.5% and ROE projected to reach 81% by 2025, Pampa offers significant upside potential of 35%-60%. Read the full article on Seeking Alpha
Seeking Alpha • Feb 12

Pampa Energia: Great Company, But Fairly Valued

Summary Pampa Energía is Argentina's largest private energy company, focusing on power generation and gas production, with plans to double EBITDA by 2030. Despite strong management and growth potential, current valuation appears stretched, making the stock expensive compared to peers like YPF and Petrobras. Key constraints include fully utilized pipeline capacity and regulatory risks, though deregulation and new investments could enhance profitability and export opportunities. Recommended strategies include waiting for market corrections to buy below $70 or selling at-the-money Puts for a 20% to 25% annual return. Read the full article on Seeking Alpha
Seeking Alpha • Nov 26

Adding Pampa Energia To My Value Portfolio; Benefits From Macroeconomic Conditions

Summary I am adding Pampa Energia to my value portfolio due to its strong valuation and promising macroeconomic environment under Javier Milei's leadership in Argentina. PAM's diversified operations in energy, including significant holdings in the Vaca Muerta oil and gas field, offer stable revenues and growth potential. The company's financial health is solid, with $332.5M in cash equivalents and recent share buybacks indicating strong cash management. Primary risks include potential failure of Milei's economic program and fluctuations in commodity prices, particularly oil and gas. Read the full article on Seeking Alpha
Seeking Alpha • Mar 21

Pampa Energia's Q4 Decoded, Still A Hold

Summary Pampa Energia is an integrated Argentinian energy market player involved in natural gas, energy generation, and petrochemicals. The company's forecasted operating income ranges for each segment are still valid, but there is an increase in operating expenses that could impact profitability long-term. PAM's segments, including natural gas, generation, and petrochemicals, have limitations and are not expected to experience significant growth. Read the full article on Seeking Alpha
Seeking Alpha • Dec 07

Pampa Also Trades At Fair Value Waiting For The New President (Rating Downgrade)

Summary Pampa Energia is an Argentinian energy company involved in electricity generation, gas and oil extraction, and petrochemicals. The company's electricity generation segment has underperformed due to delays in peso adjustments, but its PPA contract generation is expected to remain profitable. PAM plans to enter the oil market to overcome capacity constraints in natural gas, but the success of this venture remains uncertain. A sum of parts valuations yields a conservative fair value at these levels, in expectance of regulations from the new Argentinian government. Read the full article on Seeking Alpha
Seeking Alpha • Oct 02

Pampa Energia: Ride This Stock Into The Argentinean Elections

Summary Ahead of another election cycle, Pampa Energia remains a safe and proven bet. Doubling down on unconventional plays via Vaca Muerta adds attractive long-term optionality to the portfolio. Investing in Argentina isn’t for the faint-hearted, but Pampa’s fundamental positives, along with the undemanding stock valuation, help the risk/reward. Read the full article on Seeking Alpha
Seeking Alpha • Nov 08

Pampa Energia GAAP EPADR of $3.23 beats by $2.48, revenue of $507M beats by $10.19M

Pampa Energia  press release (NYSE:PAM): Q3 GAAP EPADR of $3.23 beats by $2.48. Revenue of $507M (+16.6% Y/Y) beats by $10.19M. 5% Y/Y decrease in the Adjusted EBITDA, recording $246M in Q3 22.
Seeking Alpha • Jan 11

Pampa Energía Is An Interesting Speculative Play In The Argentinian Energy Sector

PAM is a consolidated energy company operating in gas and oil production, hydro, wind and thermal generation, gas and electricity transmission and petrochemicals. The whole industry is heavily regulated but different segments are allowed different levels of profitability. With many of its segments under heavy price strains from government decisions, the company managed to make $140 million in 2020. Prices have recovered in many of the company's segments, but PAM still trades at $1 billion market cap. Recovery in the lagging segments is not clear.

Shareholder Returns

PAMUS Electric UtilitiesUS Market
7D0.4%0.4%-0.7%
1Y10.2%12.4%20.3%

Return vs Industry: PAM matched the US Electric Utilities industry which returned 10.5% over the past year.

Return vs Market: PAM underperformed the US Market which returned 20.2% over the past year.

Price Volatility

Is PAM's price volatile compared to industry and market?
PAM volatility
PAM Average Weekly Movement5.0%
Electric Utilities Industry Average Movement3.1%
Market Average Movement7.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: PAM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PAM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1945n/aGustavo Marianiri.pampa.com/en

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.

Pampa Energía S.A. Fundamentals Summary

How do Pampa Energía's earnings and revenue compare to its market cap?
PAM fundamental statistics
Market capUS$4.64b
Earnings (TTM)US$438.00m
Revenue (TTM)US$2.16b
10.7x
P/E Ratio
2.2x
P/S Ratio

Is PAM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PAM income statement (TTM)
RevenueUS$2.16b
Cost of RevenueUS$1.47b
Gross ProfitUS$689.64m
Other ExpensesUS$251.64m
EarningsUS$438.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 04, 2026

Earnings per share (EPS)0.33
Gross Margin31.97%
Net Profit Margin20.31%
Debt/Equity Ratio49.6%

How did PAM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 08:45
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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.

AnalystInstitution
Matias CattaruzziAdCap Securities Argentina S.A.
Gustavo FariaBofA Global Research
Daniel GuardiolaBTG Pactual