Pampa Energy Inc.

Pampa Energía S.A. announced that its RDA Project has been approved for adherence to Argentina's Incentive Regime for Large Investments (RIGI) by the Ministry of Economy. This project, located in the Vaca Muerta formation, involves an estimated investment of US$4.522 billion through 2041. It includes drilling 259 horizontal wells and constructing significant crude oil and gas processing facilities, with an expectation to generate approximately US$17 billion in export revenues over its lifespan.

Pampa Energía S.A. announced that Fitch Ratings has upgraded its long-term foreign and local currency ratings from "B" to "B+". The rating on the company's senior unsecured bonds was affirmed at "B+", with a recovery rating of "RR4". The outlook for all ratings is stable, indicating a positive assessment of the company's creditworthiness.

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.

Pampa Energía reported a significant increase in its Q1 2026 profit, rising 82.3% to ARS 296,667 million, driven by an 84.1% surge in revenue. However, the company experienced a notable shift in its cash flow, with net cash used in operating activities totaling ARS 330,230 million, compared to cash generated in the prior year. Total comprehensive income also turned into a loss for the period. The company continues to operate in a volatile Argentine economic context with high inflation, while advancing key projects like the Perito Moreno Gas Pipeline expansion and the San Matías Pipeline Project.

Pampa Energía reported strong Q1 2026 results with consolidated adjusted EBITDA reaching $325 million, marking a 45% year-over-year increase. The Oil & Gas segment achieved an all-time high quarterly production of 100.6 kboepd, driven by the Rincón de Aranda field. The Power Generation segment also saw significant growth in adjusted EBITDA, benefiting from a new spot framework. The company maintains a solid balance sheet with a net leverage of 1.1x.

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.

Pampa Energy Inc. reported a strong first quarter for 2026, with profit increasing by 40.3% to $216 million and basic and diluted earnings per share rising to $0.16. Revenue grew by 38.4% to $573 million, driven by robust performance across its segments. The company also secured significant capacity in the TGS Perito Moreno Gas Pipeline expansion and announced a 20% participation in SESA's San Matías Pipeline Project, aimed at LNG exports. These results were achieved amidst an economic stabilization process in Argentina and volatile international energy markets.