Pampa Energia SA (MEX:PAMPN)

Q4 2025 Pampa Energia SA Earnings Call Transcript

Mar 2, 2026 / 09:30 PM GMT

Release Date Price: MXN1499.9

Transcript

Key Points

Positve

Pampa Energia SA (PAM) achieved a record daily production of 104,000 barrels of oil equivalent during the winter of 2025.
The company consolidated a 15% share of Argentina's net electricity output with a 94% thermal availability rate.
EBITDA grew 8% year on year, surpassing the $1 billion mark, driven by power, gas, and Rincon de Aranda.
Pampa Energia SA (PAM) set a new record high of $1.4 billion in CapEx for 2025, with significant investments in Rincon de Aranda.
The company issued a $450 million international bond with a 20-year tenure, extending the average debt life to almost 8 years.

Negative

Quarter on quarter EBITDA decreased due to gas seasonality, despite contributions from Rincon de Aranda.
Higher transport and treatment costs partially offset gains in the oil and gas segment.
Crude prices averaged nearly $61 per barrel, 10% lower than last year due to weaker Brent prices.
Total availability in power generation declined to 91% due to scheduled maintenance and ongoing outages.
The company is not planning to distribute dividends in the near future due to negative free cash flow expectations for 2026.

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

PAMPm.BA - Pampa Energia SA
Q4 2025 Pampa Energia SA Earnings Call
Mar 02, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone, and thank you for waiting. I'm Raquel Cardas from IR and we would like to welcome everyone to Pampanergia's fourth quarter of 2025 results video conference.

We would like to inform you that this event is being recorded.

All participants will be in listen-only mode during the presentation. After the company's remarks, there will be a Q&A session. Questions can only be sent in reading through Zoom. Should any participants need assistance, please send us a chat message.

Before continuing, please read the disclaimer on the second page of our presentation. Let me mention that forward-looking statements are based on Pampanergia's management beliefs and assumptions and information currently

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