Quarterly ResultMay 6, 2026, 05:22 PM
Pampa Energía Q1 Sales +38% to $573M; Net Income +40% to $214M
AI Summary
Pampa Energía reported strong financial results for Q1 2026, with sales up 38% to US$573 million and net income attributable to shareholders increasing 40% to US$214 million. The company is advancing significant growth projects, including applications for RIGI for a US$2.4 billion Urea Project and a US$4.5 billion shale oil development at Rincón de Aranda. Net debt increased to US$1.2 billion, reflecting higher capital expenditures and collateral requirements for hedging. Additionally, Pampa Energía was awarded 3.2 mcmpd in the GPM expansion and cancelled 19.9 million shares.
Key Highlights
- Q1 Sales increased 38% year-on-year to US$573 million.
- Adjusted EBITDA rose 48% year-on-year to US$325 million.
- Net income attributable to shareholders grew 40% to US$214 million.
- Net debt increased to US$1.2 billion as of March 2026 from US$801 million in December 2025.
- Applied for RIGI for a US$2.4 billion Urea Project and a US$4.5 billion Rincón de Aranda shale oil development.
- Awarded 3.2 mcmpd in the GPM expansion, with an associated prepayment of US$330 million.
- Shareholders approved the cancellation of 19.9 million shares (0.8 million ADRs).
- Issued CB Series 27 for US$200 million, maturing in April 2029.
Price Impact
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