Pampa Energia SA (MEX:PAMPN)

Q1 2025 Pampa Energia SA Earnings Call Transcript

May 13, 2025 / 02:00 PM GMT

Release Date Price: MXN1559.67

Transcript

Key Points

Positve

Pampa Energia SA (PAM) reported a solid performance in power generation and utility businesses, with higher gas deliveries for thermal generation.
The company has initiated the FLNG project, holding a 20% stake, which is expected to export 6 million tons of LNG per year, enhancing Argentina's position in the global LNG market.
Adjusted EBITDA for the quarter was $220 million, a 17% increase from the previous year, driven by stronger spot prices in power and higher gas deliveries.
Pampa Energia SA (PAM) is on track to double its 2025 export campaign volume compared to the previous year, with new exports to Brazil and increased flows to Chile.
The company is making significant progress in infrastructure development, with plans to reach 20,000 barrels per day of production at Rincon deranda by Q4 2025.

Negative

Higher operating costs and softer B2B gas sales partially offset the gains in adjusted EBITDA.
The EMP business saw a 39% year-on-year decline in adjusted EBITDA due to increased operating expenses and lower sales to industries.
Gas prices averaged $3 per million BTU, a 6% decrease year-on-year due to B2B oversupply and weaker Brent prices affecting exports.
The petrochemical business segment is expected to face a tough year with lower sales and more competition from imports, impacting margins.
Pampa Energia SA (PAM) is not planning to raise new debt for CapEx, which may limit its ability to fund future projects without market opportunities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PAMPm.BA - Pampa Energia SA
Q1 2025 Pampa Energia SA Earnings Call
May 13, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and thank you for waiting. I'm raguel Carras from IR and we would like to welcome everyone to Pompaneria's first quarter of 2025 results video conference. Before continuing, please read the Let me mention that forward-looking statements are based on Papanergia's management beliefs and assumptions and information currently available to the company. They involve risks, uncertainties, and assumptions because they are related to future events that may or may not occur. Investors should understand that general economic and industry conditions and other operating factors could also affect the future results of Pampanelia and could cost results to differ materially from those expressed in such forward-looking statements.

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