Pampa Energia (ADR) (PAM)
Operates an Argentine energy portfolio across oil, power, petrochemicals, and infrastructure.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Mar 12, 2026 | HSBC | Upgrade | Target: $46 | Target: $97 |
EPSReportedEstimate
RevenueReportedEstimate
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
No dividends on record.
| Institutions | 9.51% | 5.17M ADS | |
|---|---|---|---|
| 94 holders · as of Jun 30, 2026 | |||
| Insiders | 22.79% | 12.39M ADS | |
| 15 holders · as of Aug 25, 2026 | |||
| Other | 67.70% | 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
| Holder | Stake | Shares | Date |
|---|---|---|---|
Marcos Marcelo MindlinInsiderdirector, 10 percent owner | 15.18% | 7.26M ADS · 24.97M ordinary | filed Aug 25, 2026 |
Gustavo MarianiInsiderofficer: Vice President | 3.35% | 1.68M ADS · 3.59M ordinary | filed May 8, 2026 |
Damian Miguel MindlinInsiderofficer: Vice President | 1.97% | 675,893 ordinary · 1.04M ADS | filed Aug 25, 2026 |
Ricardo Alejandro TorresInsiderofficer: VP | 1.80% | 24.48M ordinary | filed Apr 1, 2026 |
SPX Gestao de Recursos LtdaInstitution | 1.01% | 547,637 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 31, 2026 | Marcos Marcelo Mindlin | director, 10 percent owner: | +500,000 | $3.44 |
| Aug 27, 2026 | Marcos Marcelo Mindlin | director, 10 percent owner: | +150,000 | $3.38 |
| Aug 21, 2026 | Marcos Marcelo Mindlin | director, 10 percent owner: | +675,000 | $3.38 |
| Aug 19, 2026 | Marcos Marcelo Mindlin | director, 10 percent owner: | +902,975 | $3.34 |
| Aug 18, 2026 | Marcos Marcelo Mindlin | director, 10 percent owner: | +396,950 | $3.35 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pampa Energia (ADR) | $81.10 | +0.50% | $4.39B | 7.5 | 10.1 | 1.8 | +53.5% |
| YPF (ADR) | $55.02 | +3.13% | $20.92B | 30.0 | 25.1 | 1.1 | +32.1% |
| Central Puerto (ADR) | $13.50 | −0.41% | $2.03B | 6.4 | 40.8 | 1.8 | +169.4% |
| Vista Energy (ADR) | $71.02 | +2.30% | $7.24B | 9.2 | 7.4 | 2.1 | +86.1% |
| AES | $14.82 | −0.03% | $10.57B | 5.6 | 7.7 | 0.8 | +19.9% |
| Median | 7.8 | 16.4 | 1.5 | +59.1% |









