Pampa Energía Q2 Sales Surge 53% to $746M, EBITDA Up 75%
PAM sits 54% above its 52-week low of $54.95.
Summary
Pampa Energía reported Q2 2026 sales of $746 million, a 53% year-on-year jump, driven by higher spot energy prices, B2B power sales, and a 194% surge in crude oil output. Adjusted EBITDA rose 75% to $415 million, and net income quadrupled to $172 million. The results reflect the ramp-up at Rincón de Aranda and strong power generation margins. Net debt increased to $1.3 billion from $801 million at year-end 2025, reflecting heavy capex on the RDA project and oil hedging collateral. This follows the recent $2.7 billion fertilizer complex approval and RIGI endorsement for the $4.5 billion Vaca Muerta investment plan, underscoring aggressive growth execution. The operational momentum is clear, but rising leverage warrants attention as spending accelerates.
At the time of this announcement, PAM was trading at $84.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5B. The 52-week trading range was $54.95 to $94.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.