PAM · NYSE · Regulated Electric

Pampa Energia (ADR) (PAM)

Operates an Argentine energy portfolio across oil, power, petrochemicals, and infrastructure.

$81.10
vs last close+0.40 (+0.50%)
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Pampa Energía S.A.PAM
Utilities

Operates an Argentine energy portfolio spanning oil and gas, electricity generation, petrochemicals, and infrastructure participations. Oil and Gas and Generation provide most external revenue, while Vaca Muerta development at Rincón de Aranda shapes the current expansion.

Combines oil and gas production, electricity generation, and petrochemical materials in Argentina. Oil and Gas includes operated and non-operated blocks, Vaca Muerta shale development at Rincón de Aranda, and an interest in a natural-gas liquefaction venture. Generation uses thermal, hydroelectric, and wind assets. Together, Oil and Gas and Generation supply most external revenue.

Petrochemicals make polystyrene, styrene, and SBR. Holding, Transportation and Others consists of infrastructure participations including Transener and TGS. The modern platform was assembled through acquisitions and broadened by the Petrobras Argentina combination; oil-and-gas growth depends on drilling, completions, and permanent processing-facility work at Rincón de Aranda.

Company facts

CEOGustavo Mariani
ListedOct 9, 2009
ExchangeNYSE
HeadquartersBuenos Aires, Argentina
CountryArgentina
Employees1,847
CIK0001469395
ISINUS6976602077

Market cap$4.39B
EPS (ttm)$10.81
P/E (ttm)7.46
ROE15.3%
P/B1.09
P/S1.82
Dividend yieldDiv yield
Beta0.67vs XLU 0.05

Price target$97.00+20.2%Average of 8 analysts
ConsensusBuy4 of 8 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Mar 12, 2026HSBCUpgrade
Rating: HoldTarget: $46
Rating: BuyTarget: $97

Next report
Nov 2, 26
in 40 days
EPS estimate
$2.49
Revenue estimate
$839.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Nov '24Mar '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$2.70$1.90$0.70$0.42$3.00$3.90$3.21Pending
Estimate$1.75$0.00$2.35$1.39$0.65$1.93$2.30$2.49
Surprise+54.3%−70.2%−69.8%+361.5%+102.1%+39.6%

RevenueReportedEstimate

Nov '24Mar '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$552.5M$439.4M$486.0M$598.7M$507.0M$573.0M$746.0MPending
Estimate$488.9M$430.4M$506.5M$598.2M$500.0M$568.0M$743.2M$839.4M
Surprise+13.0%+2.1%−4.1%+0.1%+1.4%+0.9%+0.4%
Estimate$2.49
ReportedDue Nov 2, 2026
Estimate$839.4M
ReportedDue Nov 2, 2026
View details

Debt to equity65.20%
Current ratio364.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$527.3M$535.4M$414.0M$486.0M$591.0M$507.0M$573.0M$746.0M
Net income$144.0M$150.3M$153.0M$40.0M$23.0M$161.0M$214.0M$172.0M
Net margin27.3%28.1%37.0%8.2%3.9%31.8%37.3%23.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$153.9M$69.6M$121.0M$113.0M$153.0M$23.0M$107.0M$188.0M
YoY growth+4.0%−27.4%+1.7%−5.0%−0.6%−67.0%−11.6%+66.4%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.28B · Total debt $2.63B · Total assets $7.75B · Shareholders' equity $4.03B

Revenue
$746.0M
Operating income
$188.0M
Net income
$172.0M
View details

No dividends on record.

Institutions9.51%5.17M ADS
94 holders · as of Jun 30, 2026
Insiders22.79%12.39M ADS
15 holders · as of Aug 25, 2026
Other67.70%36.83M ADS
remainder

54.39M ADS (1 ADS = 25 ordinary shares) as of Sep 15, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2021 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Marcos Marcelo MindlinInsiderdirector, 10 percent owner
15.18%7.26M ADS · 24.97M ordinaryfiled Aug 25, 2026
Gustavo MarianiInsiderofficer: Vice President
3.35%1.68M ADS · 3.59M ordinaryfiled May 8, 2026
Damian Miguel MindlinInsiderofficer: Vice President
1.97%675,893 ordinary · 1.04M ADSfiled Aug 25, 2026
Ricardo Alejandro TorresInsiderofficer: VP
1.80%24.48M ordinaryfiled Apr 1, 2026
SPX Gestao de Recursos LtdaInstitution
1.01%547,637 ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 31, 2026Marcos Marcelo Mindlindirector, 10 percent owner: +500,000$3.44
Aug 27, 2026Marcos Marcelo Mindlindirector, 10 percent owner: +150,000$3.38
Aug 21, 2026Marcos Marcelo Mindlindirector, 10 percent owner: +675,000$3.38
Aug 19, 2026Marcos Marcelo Mindlindirector, 10 percent owner: +902,975$3.34
Aug 18, 2026Marcos Marcelo Mindlindirector, 10 percent owner: +396,950$3.35
View details

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Compare

CompanyPriceChange
Pampa Energia (ADR)$81.10+0.50%$4.39B7.510.11.8+53.5%
YPF (ADR)$55.02+3.13%$20.92B30.025.11.1+32.1%
Central Puerto (ADR)$13.50−0.41%$2.03B6.440.81.8+169.4%
Vista Energy (ADR)$71.02+2.30%$7.24B9.27.42.1+86.1%
AES$14.82−0.03%$10.57B5.67.70.8+19.9%
Median7.816.41.5+59.1%