Welcome to our dedicated page for Pampa Energia news (Ticker: PAM), a resource for investors and traders seeking the latest updates and insights on Pampa Energia stock.
Pampa Energía S.A. reports developments across its Argentine oil, gas and electricity businesses through its NYSE-traded ADR and Buenos Aires-listed shares. Company news centers on operating results, shale oil production at Rincón de Aranda, gas sales and exports, thermal power generation, Wholesale Electricity Market pricing, Power Purchase Agreement units, and contributions from assets such as Parque Eólico Pampa Energía 6.
Recurring updates also cover petrochemical and reforming activity, Plan Gas sales arrangements, capital spending, net debt, functional-currency reporting, and the filing of annual reports on Form 20-F as a foreign private issuer.
Pampa Energia announced its first-quarter 2024 results, noting a 17% year-on-year sales decrease, mainly due to lower gas exports and crude oil sales. Despite this, the company saw a growth in gas production and an 8% decrease in adjusted EBITDA. Net profit attributable to shareholders increased by 89%, while net debt also rose. The company faces challenges with substantial delays in payment collections from CAMMESA.
Pampa Energía, a leading energy company in Argentina, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the SEC. Shareholders can access the report on the SEC's website or the company's Investor Relations website. Hard copies are available upon request.
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On April 19, 2023, Edenor, the largest electricity distribution company in Argentina, submitted its 2022 Annual Report on Form 20-F to the U.S. Securities and Exchange Commission. This report covers the fiscal year ending December 31, 2022. Investors can access the report via the SEC's website or through the Company's Investor Relations page at ir.edenor.com/en. Shareholders may request a hard copy of the report free of charge from Edenor's Investor Relations office.
Pampa Energía S.A. (NYSE: PAM) announced its fiscal year and Q4 2022 results, showing a 10% year-on-year increase in sales to US$448 million, driven by higher natural gas prices and petrochemical product sales. Adjusted EBITDA decreased by 7% to US$183 million, influenced by declines in holding and power generation sections. However, the profit attributable to shareholders surged to US$113 million, nearly tripling from Q4 2021, primarily from an arbitral compensation in Ecuador. The company reduced its net debt to US$913 million, achieving a net leverage ratio of 1.2x.
Pampa Energía S.A. reported a 17% increase in Q3 2022 sales, totaling US$507 million, driven by peak natural gas seasonality and higher petrochemical prices. Operating performance improved in natural gas and oil production, with increases of 20% and 14% year-on-year, respectively.
However, Adjusted EBITDA decreased by 5% to US$246 million due to declines in power generation and holding costs. Profit attributable to shareholders rose by 35% to US$176 million, aided by rising financial securities gains.
Pampa Energía S.A. (NYSE: PAM) reported a 34% year-on-year increase in Q2 2022 sales, totaling US$462 million, driven by higher gas and petrochemical prices. Despite excellent operational performance, including an 18% rise in power generation and a 38% growth in gas production, net profit declined by 39% to US$66 million due to financial losses and asset impairments. Adjusted EBITDA rose 6% to US$253 million. Net debt increased to US$902 million, reflecting a net leverage ratio of 1.3x. Pampa will host a videoconference on August 12, 2022, to discuss these results further.