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Pampa Energia S.A.

PAM Industrials Conglomerates

Pampa Energia S.A.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 6.50% from fiscal 2024.

Revenue
+33.7%
EPS
+491.3%
Free cash flow
−965.1%
Total debt
+57.6%

Quarter to September 2026, against a year earlier

63.96 0.88 −1.36%
Market cap
$3.4B
P/E
5.1×
Fwd P/E
7.2×
Dividend yield
—
F-score
5/9
Altman Z
1.77
Beneish M
−2.50
Dividend safety
41/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 64.06
Sold, $m 47.68
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 2 2 — 4 2 1 2
Sell — — — 3 4 2 2 1 — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 3,430.00
Revenue ttm 2,616.00
Net income ttm 681.00
Free cash flow ttm (864.00)
Net debt Q 1,731.00
Valuation
P/E 5.07
Forward P/E 7.20
Price / sales 1.26
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.80
Financial health
Current ratio Q 2.79 (at or above 1.5: strong)
Debt / equity Q 0.67
Interest coverage Q 2.83
Growth
Revenue growth Q +33.67% (above 0%: growing)
Operating income growth Q −1.96% (below 0%: shrinking)
EPS, this year +51.40% (at or above 15%: strong)
EPS, next year A +7.53%
Revenue, next year A +208,579.28% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +23.24% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 1.7×; over the ten years it ranged from 0.7× in 2020 to 3.0× in 2025.
P/E against its own 10 years 37.71%
10-year low 10-year high
P/S against its own 10 years 50.28%
10-year low 10-year high
P/B against its own 10 years 37.44%
10-year low 10-year high
EV/Sales against its own 10 years 61.53%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 835 1,669 1,143 1,035
Receivables 296 488 614 1,090
Inventory 205 223 231 269
Other — — — —
1,336 2,380 1,988 2,394
2023 2024 2025 Q'26
Payables 238 253 397 302
ST’ Debt 224 706 48 74
Other 9 17 19 183
521 1,302 639 859

Compound Annual Growth %

10y 5y 3y
Sales 9.88% 13.24% 2.99%
Cash Flow 4.55% 2.34% 7.92%
Earnings 1.23% 0.00% (6.14%)
Book Value 14.74% 15.30% 16.43%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 2.29 Actual 2.41

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.65 3.00 Beat by 2.35
Mar 2026 1.93 3.90 Beat by 1.97
Jun 2026 2.30 3.21 Beat by 0.91
Sep 2026 2.29 2.41 Beat by 0.12
Dec 2026 1.47 — Reports 1 March 2027

EPS $

Mar Jun Sep Dec Year
’26 3.90 3.21 2.50 — —
’25 2.81 0.70 0.42 3.00 6.93
’24 4.90 1.80 2.70 1.90 11.40
’23 2.56 3.01 2.80 (2.85) 5.50
’22 1.79 1.20 3.23 2.05 8.26
’21 0.67 1.26 2.36 0.70 4.88
’20 0.21 0.06 1.29 (7.96) (5.95)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 573 746 790 — —
’25 414 486 591 507 1,998
’24 401 500 540 435 1,876
’23 436 474 504 317 1,732
’22 414 472 512 431 1,829
’21 324 346 438 400 1,508
’20 607 206 654 285 1,073
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (233) 214 153 — —
’25 90 57 343 288 778
’24 (20) 84 222 149 435
’23 169 155 93 157 575
’22 119 95 161 244 619
’21 175 177 233 144 729
’20 161 142 224 166 693
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (498) (39) (372) — —
’25 (72) (222) 43 45 (206)
’24 (72) (127) 106 78 (12)
’23 (4) 14 (11) (161) (162)
’22 47 (11) 51 105 193
’21 150 128 168 79 525
’20 92 72 175 232 570
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,119 3,041 2,920 1,338 1,073 1,508 1,829 1,732 1,876 1,998 2,616 (0.6%) 4,169,412 4,756,166 5,338,363 +1,287.6%
Gross margin, % 19.68 31.62 32.64 39.39 38.21 36.67 37.73 36.09 31.82 31.48 32.68 +11.8 pt
EBT (91) 254 224 473 159 390 581 623 498 582 692 n/m
EBT margin, % (4.31) 8.36 7.67 35.35 14.82 25.86 31.77 35.97 26.55 29.13 26.45 +33.4 pt
Net income (17) 331 207 603 124 313 457 305 619 378 681 n/m
Per share, $
Per share, $ Revenue 30.51 38.57 37.26 18.59 17.06 26.83 33.11 31.70 34.49 36.73 50.70 +2.1%
Earnings (0.01) 3.54 2.86 9.62 (5.95) 4.88 8.26 5.50 11.40 6.93 12.61 n/m
Cash flow 5.83 8.21 7.78 11.15 11.02 12.97 11.21 10.52 8.00 14.30 8.18 +10.5%
Capex (5.88) (8.22) (2.74) (5.34) (1.96) (3.63) (7.71) (13.49) (8.22) (18.09) (24.92) +13.3%
Free cash flow (0.05) (0.01) 5.04 5.81 9.06 9.34 3.49 (2.96) (0.22) (3.79) (16.74) +60.5%
Book value 13.72 15.41 22.91 33.48 28.13 31.87 41.35 44.16 60.57 66.27 80.04 +19.1%
Shares, m 69 79 78 72 63 56 55 55 54 54 53 (2.7%)
Valuation, ×
Valuation, × P/E 0.00 19.93 79.53 1.65 0.00 4.23 3.76 8.73 7.78 12.77 5.07 13.8
P/S 1.18 1.79 0.89 0.41 0.46 0.79 0.94 1.51 2.55 2.41 1.26 1.3
P/B 2.62 4.49 1.44 0.46 0.45 0.66 0.75 1.09 1.45 1.34 0.80 1.5
EV/Sales 1.83 2.34 1.40 0.88 1.10 1.36 1.44 1.87 2.77 2.78 1.92 1.8
EV/FCF (2,202.01) (13,088.82) 10.39 5.77 3.38 3.89 13.25 (19.98) (1,503.22) (26.62) (5.86) (1,680.4)
Cash, $m
Cash, $m Operating cash flow 405 647 610 802 693 729 619 575 435 778 422 +7.5%
Capex (409) (648) (215) (384) (123) (204) (426) (737) (447) (984) (1,286) +10.3%
Free cash flow (4) (1) 395 418 570 525 193 (162) (12) (206) (864) +56.2%
Balance, $m
Balance, $m Working capital (467) 277 339 508 948 783 712 815 1,078 1,349 1,535 n/m
Net debt 1,376 1,663 1,496 1,299 1,123 865 913 613 410 749 1,731 (6.5%)
Shareholders’ equity 953 1,215 1,795 2,409 1,769 1,791 2,284 2,413 3,295 3,605 4,130 +15.9%
Returns, %
Returns, % ROA (0.02) 5.93 3.74 12.19 (6.94) 6.24 10.60 6.38 11.19 5.83 9.42 +5.9 pt
ROIC (0.01) 11.16 11.09 7.13 6.61 11.01 11.03 9.42 5.90 5.27 5.36 +5.3 pt
ROE (0.08) 31.60 14.88 32.92 (17.57) 15.34 22.38 12.86 21.69 10.93 17.86 +11.0 pt
People
People Employees 7,174 3,330 2,127 1,944 1,937 1,937 1,907 1,924 1,847 1,847 — (14.0%)
Revenue/emp, $m 0.30 0.91 1.37 0.69 0.55 0.78 0.96 0.90 1.02 1.08 — +15.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Pampa Energia S.A. vs peers in Conglomerates (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VMI Valmont Industries, Inc. $7.6B 14.7× 18.2× +5.53% (above 0%: growing) +25.30% (above 0%: growing) −22.73% (below 0%: shrinking) 30.02% 15.66% Compare
BBUC Brookfield Business Partners L.P. $6.2B — (loss-making) — (loss-making) −2.96% (below 0%: shrinking) +50.00% (above 0%: growing) −2,167.65% (below 0%: shrinking) 19.59% 15.15% Compare
GHC Graham Holdings Company $5.1B 10.6× 15.5× +3.69% (above 0%: growing) −36.89% (below 0%: shrinking) −42.93% (below 0%: shrinking) 29.58% 6.45% Compare
PAM Pampa Energia S.A. $3.4B 5.1× 7.2× +33.67% (above 0%: growing) +491.30% (above 0%: growing) −965.12% (below 0%: shrinking) 32.91% 18.99%
OTTR Otter Tail Corporation $3.4B 19.0× 21.9× −1.55% (below 0%: shrinking) −24.21% (below 0%: shrinking) +28.54% (above 0%: growing) 54.41% 21.50% Compare
SEB Seaboard Corporation $3.3B 5.9× — (loss-making) +9.09% (above 0%: growing) −73.38% (below 0%: shrinking) +6.17% (above 0%: growing) 4.76% 0.47% Compare
DLX Deluxe Corporation $1.3B 16.1× 9.3× +2.53% (above 0%: growing) −62.16% (below 0%: shrinking) +11.71% (above 0%: growing) 51.92% 9.51% Compare
CODI Compass Diversified Holdings $863.0M — (loss-making) — (loss-making) −11.42% (below 0%: shrinking) n/m +150.97% (above 0%: growing) 47.16% 6.83% Compare
FBYD Falcon's Beyond Global, Inc. $821.5M — (loss-making) — +120.40% (above 0%: growing) n/m +130.40% (above 0%: growing) 62.66% (4.66%) Compare
Median of peers $3.3B 14.7× 16.9× +3.11% −30.55% +8.94% 38.59% 8.17%

All 29 Conglomerates stocks →

Pampa Energia S.A. (PAM) Latest News

4 Nov

Impact 4 · · MarketBeat transcript
Impact 4 · · Associated Press Finance
Impact 4 · · ACCESS Newswire

2 Nov

Impact 3 · · PR Newswire

10 Sep

Impact 4 ·

8 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 4 ·
Impact 4 · · Associated Press Finance
Impact 4 · · ACCESS Newswire

4 Aug

Impact 3 ·

22 Jul

Impact 4 ·
Impact 4 ·

16 Jun

Impact 3 ·

13 Jun

Impact 3 ·

12 Jun

Impact 3 ·

8 Jun

Impact 3 · · Zacks

14 May

Impact 3 · · MarketBeat

6 May

Impact 3 · · ACCESS Newswire

4 May

Impact 3 ·

14 Apr

Impact 4 · · Zacks
Impact 3 · · Zacks

3 Mar

Impact 4 · · GuruFocus.com

2 Mar

Impact 4 · · Associated Press Finance
Impact 4 · · ACCESS Newswire

7 Nov

Impact 4 · · GuruFocus.com

8 Oct

Impact 3 · · Zacks

30 Sep

Impact 3 · · MT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT Newswires

19 Sep

Impact 3 ·

31 Jul

Impact 4 · · Insider Monkey

23 Jul

Impact 3 · · Zacks

PAM metrics, ten years each

stockrow.com/PAM · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com