Pampa Energy Q2 2026: Sales Surge 53% to $746M, EBITDA Up 75%, RDA and UREA Projects Advance
PAM sits 55% above its 52-week low of $54.95.
Summary
Pampa Energy reported Q2 2026 sales of $746 million (+53% YoY) and adjusted EBITDA of $415 million (+75% YoY), driven by surging oil production and strong power prices. The company also advanced two mega-projects: the $4.5 billion RDA shale development and the $2.7 billion UREA fertilizer complex.
Key Events · Earnings and Guidance · PAM
-
Q2 Revenue and EBITDA Surge
Sales reached $746 million, up 53% year-on-year, while adjusted EBITDA hit $415 million, a 75% increase, fueled by higher spot energy prices and a 504% jump in oil production.
-
Six-Month Profit More Than Doubles
Net profit for H1 2026 was $390 million, compared to $193 million in H1 2025, reflecting strong operational performance across all segments.
-
RDA Project Gains RIGI Approval
The $4.5 billion Rincón de Aranda shale oil development received RIGI approval, unlocking a long-term investment plan targeting 259 horizontal wells and 45,000 bbl/day of crude capacity.
-
UREA Fertilizer Complex Greenlit
The Board approved the final investment decision for the $2.7 billion UREA Project, a 6,000-ton/day granulated urea plant in Bahía Blanca, with production expected by 2030.
Analysis · PAM · Energy & Transportation
A standout quarter for Pampa Energy saw revenue jump 53% year-on-year to $746 million and adjusted EBITDA soar 75% to $415 million, propelled by higher spot energy prices and a 504% surge in oil production. Six-month profit more than doubled to $390 million. Beyond the numbers, the company secured RIGI approval for its $4.5 billion RDA shale oil project and greenlit the $2.7 billion UREA fertilizer complex, marking a major strategic expansion. The balance sheet strengthened with cash rising to $979 million, though debt increased to $2.6 billion after issuing $700 million in new bonds. The synthetic rubber closure signals a focus on higher-return businesses. This filing confirms Pampa's transformation into a cash-generative, growth-oriented energy giant.
At the time of this filing, PAM was trading at $85.00 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 filing was assessed with positive market sentiment and an importance score of 9 out of 10.