Pampa Energía S.A. (PAMP) Earnings Call Transcripts

Pampa Energía S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Pampa Energía reported a significant increase in production and adjusted EBITDA, driven primarily by the ramp-up at Rincon de Aranda and favorable conditions in the power generation segment. Revenue reached $1.2 billion, with adjusted EBITDA of $325 million, reflecting a 48% year-on-year increase. Management maintained a positive outlook, indicating that production could reach 28,000 barrels per day by mid-2026 and signaling potential for further growth in EBITDA driven by new gas transportation contracts and ongoing investments.

Reported metrics

Guidance from management

Management expects to reach a production plateau of 45,000 barrels per day at Rincon de Aranda and anticipates EBITDA growth driven by new gas transportation contracts. They project free cash flow outflows of around $400 million for 2026 due to ongoing investments and prepayments.

What management said

[Operator Instructions]. Guido Bizzozero from Allaria. Considering the awarded 3.2 million cubic meters of gas capacity in the Perito Moreno pipeline expected for May -- well, winter 2027, how much annual revenue and EBITDA contribution do you expect from this? Can we forecast a similar award? Well, first, how much do you expect?

This year, yes. This 15% increases up to 35% by year 2028. No, think 2030. That is the rough estimate for power generation, and there is an additional increase in the EBITDA coming from the E&P segment because of -- I don't know if you have the figure in.

What analysts pressed on

Analysts expressed concerns about the negative free cash flow and the implications for liquidity. There were also questions regarding the sustainability of high CapEx levels and the potential need for additional debt financing in the near future.

Main topics on the call

• Record Production Levels — Pampa achieved a new quarterly all-time high in production, exceeding 100,000 barrels of oil equivalent per day, with Rincon de Aranda contributing significantly. CEO Gustavo Mariani stated, "Rincon de Aranda alone repre...
• Strong EBITDA Growth — Adjusted EBITDA rose to $325 million, up 48% year-on-year, primarily due to increased gas production and power generation efficiencies. Management noted that "quarter-on-quarter, EBITDA grew 41%" as synergies between gas...
• CapEx Increase — Capital expenditures increased by 36% year-on-year to $242 million, with a significant portion allocated to Rincon de Aranda's development. This spending is aimed at sustaining production growth, as indicated by manageme...
• Gas Transportation Expansion — Pampa secured 3.2 million cubic meters per day in the Perito Moreno gas pipeline expansion, expected to enhance profitability. Mariani mentioned, "With this firm capacity of gas, we will be able to capture the full margi...

Read the full Pampa Energía S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Pampa Energía S.A. earnings call transcripts on record, spanning March 11, 2020 to May 7, 2026. Based on this history, Pampa Energía S.A. reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PAMP

Exchange

BASE

Country

AR

Sector

Utilities

Industry

Electric Utilities

Calls on record

27

First call

March 11, 2020

Most recent

May 7, 2026

Reporting cadence

quarterly