Reported Earnings • May 08
First quarter 2026 earnings released: EPS: US$0.16 (vs US$0.11 in 1Q 2025) First quarter 2026 results: EPS: US$0.16 (up from US$0.11 in 1Q 2025). Revenue: US$573.0m (up 38% from 1Q 2025). Net income: US$214.0m (up 40% from 1Q 2025). Profit margin: 37% (in line with 1Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Electric Utilities industry in South America. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Duyuru • Mar 10
Pampa Energía S.A., Annual General Meeting, Apr 07, 2026 Pampa Energía S.A., Annual General Meeting, Apr 07, 2026. Location: held remotely, Argentina Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: US$0.28 (vs US$0.46 in FY 2024) Full year 2025 results: EPS: US$0.28 (down from US$0.46 in FY 2024). Revenue: US$2.00b (up 6.5% from FY 2024). Net income: US$377.0m (down 39% from FY 2024). Profit margin: 19% (down from 33% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in South America are expected to remain flat. New Risk • Nov 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 25% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$3.16, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Electric Utilities industry in South America. Total returns to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$1.40 per share. New Risk • Sep 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: AR$43.15 (vs AR$66.22 in 2Q 2024) Second quarter 2025 results: EPS: AR$43.15 (down from AR$66.22 in 2Q 2024). Revenue: AR$570.2b (up 28% from 2Q 2024). Net income: AR$58.7b (down 35% from 2Q 2024). Profit margin: 10% (down from 20% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in South America are expected to remain flat. Buy Or Sell Opportunity • May 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to US$3.39. The fair value is estimated to be US$2.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$3.28, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electric Utilities industry in South America. Total returns to shareholders of 70% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$2.91 per share. Reported Earnings • Apr 18
Full year 2024 earnings released: EPS: US$0.46 (vs US$0.22 in FY 2023) Full year 2024 results: EPS: US$0.46 (up from US$0.22 in FY 2023). Revenue: US$1.88b (up 8.3% from FY 2023). Net income: US$619.0m (up 105% from FY 2023). Profit margin: 33% (up from 17% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Electric Utilities industry in South America. New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.61, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Electric Utilities industry in South America. Total returns to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$1.22 per share. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: US$0.46 (vs US$0.22 in FY 2023) Full year 2024 results: EPS: US$0.46 (up from US$0.22 in FY 2023). Revenue: US$1.88b (up 8.3% from FY 2023). Net income: US$619.0m (up 105% from FY 2023). Profit margin: 33% (up from 17% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in South America. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Director of Human Resources Mariana De La Fuente was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Dec 26
Pampa Energía S.A. Announces Chief Financial Officer Changes Pampa Energía S.A. informed our Board of Directors, in its meeting held on December 23, 2024 decided to replace Mr. Nicolás Mindlin as Chief Financial Officer (CFO) of the Company with Mr. Adolfo Zuberbuhler. Notwithstanding its replacement as CFO, Mr. Nicolás Mindlin will continue to contribute and add value to the Company through the Executive Committee. New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (35% accrual ratio). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$3.40, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 10x in the Electric Utilities industry in South America. Total returns to shareholders of 328% over the past three years. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.11 (vs US$0.11 in 3Q 2023) Third quarter 2024 results: EPS: US$0.11 (up from US$0.11 in 3Q 2023). Revenue: US$540.0m (up 24% from 3Q 2023). Net income: US$146.0m (up 1.0% from 3Q 2023). Profit margin: 27% (down from 33% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Electric Utilities industry in South America. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.05, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Electric Utilities industry in South America. Total returns to shareholders of 216% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$1.07 per share. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.074 (vs US$0.12 in 2Q 2023) Second quarter 2024 results: EPS: US$0.074 (down from US$0.12 in 2Q 2023). Revenue: US$500.0m (up 16% from 2Q 2023). Net income: US$100.0m (down 39% from 2Q 2023). Profit margin: 20% (down from 38% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Electric Utilities industry in South America. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 08
Pampa Energía S.A. (BASE:PAMP) announces an Equity Buyback for $75 million worth of its shares. Pampa Energía S.A. (BASE:PAMP) announces a share repurchase program. Under the program, the company will repurchase shares such that repurchased shares in treasury shall never surpass the limit of 10% of company's share capital, for a total price of $75 million. The shares will repurchased at a price of up to $50 per ADR on New York Stock Exchange and ARS 2,664 per share in the Bolsas y Mercados S.A. The purpose of the share repurchases is reduction of the difference between the company’s fair value based on its assets value and the quoted price from stock exchange, seeking to strengthen the market by efficiently applying the company’s strong cash position, and creating value for all its shareholders. The repurchase program will be funded from realized and liquid earnings and/or the company's voluntary reserve, as per the Financial Statements as of June 30, 2024. The program is valid till 120 days as from the start of the plan. New Risk • Jun 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. High level of non-cash earnings (38% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • May 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Argentinean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. New Risk • May 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.20 (vs US$0.093 in 1Q 2023) First quarter 2024 results: EPS: US$0.20 (up from US$0.093 in 1Q 2023). Revenue: US$401.0m (flat on 1Q 2023). Net income: US$267.0m (up 107% from 1Q 2023). Profit margin: 67% (up from 32% in 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Electric Utilities industry in South America. Buy Or Sell Opportunity • Mar 19
Now 26% overvalued The stock has been flat over the last 90 days, currently trading at US$2.18. The fair value is estimated to be US$1.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 66% over the last 3 years. Earnings per share has grown by 63%. Revenue is forecast to grow by 302% in 2 years. Earnings are forecast to grow by 862% in the next 2 years. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: US$0.22 (vs US$0.33 in FY 2022) Full year 2023 results: EPS: US$0.22 (down from US$0.33 in FY 2022). Revenue: US$1.73b (down 5.3% from FY 2022). Net income: US$302.0m (down 34% from FY 2022). Profit margin: 17% (down from 25% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Electric Utilities industry in South America. Duyuru • Mar 07
Pampa Energía S.A., Annual General Meeting, Apr 29, 2024 Pampa Energía S.A., Annual General Meeting, Apr 29, 2024, at 14:00 Coordinated Universal Time. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$2.09, the stock trades at a forward P/E ratio of 179x. Average forward P/E is 9x in the Electric Utilities industry in South America. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$2.06, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 9x in the Electric Utilities industry in South America. Total returns to shareholders of 281% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$2.50, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 10x in the Electric Utilities industry in South America. Total returns to shareholders of 331% over the past three years. Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Carolina Zang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 01
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Carolina Zang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: US$0.11 (vs US$0.12 in 3Q 2022) Third quarter 2023 results: EPS: US$0.11 (down from US$0.12 in 3Q 2022). Revenue: US$474.0m (flat on 3Q 2022). Net income: US$152.0m (down 6.6% from 3Q 2022). Profit margin: 32% (down from 35% in 3Q 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in South America are expected to remain flat. Board Change • Nov 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Carolina Zang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 26
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Carolina Zang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 03
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Carolina Zang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Carolina Zang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 14
Pampa Energía S.A. Announces Resignation of Darío Epstein as Director Pampa Energía S.A. announced that the Company received a resignation letter presented by Darío Epstein to his position as Director of the Company due to personal reasons, effective as from September 12th, 2023. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Reported Earnings • Aug 10
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$464.0m (up 4.7% from 2Q 2022). Net income: US$164.0m (up 152% from 2Q 2022). Profit margin: 35% (up from 15% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in South America are expected to remain flat. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to US$1.73, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 9x in the Electric Utilities industry in South America. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: US$0.10 (vs US$0.067 in 1Q 2022) First quarter 2023 results: EPS: US$0.10 (up from US$0.067 in 1Q 2022). Revenue: US$431.0m (up 8.7% from 1Q 2022). Net income: US$141.0m (up 52% from 1Q 2022). Profit margin: 33% (up from 23% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in South America. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Dario Epstein was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 19
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Dario Epstein was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.