Quarterly ResultMay 13, 2026, 08:07 AM
Pampa Energy Oil & Gas Q1 Profit $105M, Revenue +69% to $247M
AI Summary
Pampa Energy reported mixed results for the three-month period ended March 31, 2026. The Oil and Gas segment saw a significant turnaround, posting a $105 million profit compared to a $49 million loss in the prior year, with revenue up 69% to $247 million due to increased crude oil production. Conversely, the Generation segment's profit decreased 28% to $90 million, despite a 43% revenue increase, impacted by an unscheduled outage and tax adjustments. The Petrochemicals segment shifted from a $42 million profit to an $8 million loss, primarily due to lower prices and higher expenses.
Key Highlights
- Oil and Gas segment profit was $105 million in Q1 2026, a significant turnaround from a $49 million loss in Q1 2025.
- Oil and Gas segment revenue increased 69% to $247 million in Q1 2026, driven by crude oil production ramp-up.
- Generation segment profit decreased 28% to $90 million in Q1 2026, despite a 43% revenue increase to $279 million.
- Petrochemicals segment recorded an $8 million loss in Q1 2026, compared to a $42 million profit in Q1 2025.
- Holding, Transportation and Others segment profit was $29 million in Q1 2026, down from $36 million in Q1 2025.
- Oil production in the Oil and Gas segment surged 504% to 19.5 k bbl/day in Q1 2026.
- Gas production in the Oil and Gas segment increased 17% to 13.8 k m3/day in Q1 2026.
- Oil and Gas segment gross margin increased to 28% in Q1 2026 from 19% in Q1 2025.