Pampa Energía S.A. (PAM) AI Stock Analysis

Pampa Energía S.A. is an integrated power company involved in electricity generation and transmission across Argentina. Operating through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments, the company manages an installed electricity generation capacity of approximately 4,970 megawatts across combined thermal plants, open-cycle gas turbines, hydroelectric facilities, and a wind farm. Its transmission infrastructure spans 21,414 kilometers of high-voltage lines. Additionally, Pampa Energía explores and produces oil and gas, produces petrochemicals such as styrene, synthetic rubber, and polystyrene, and operates a refinery alongside a gas station network.

Pampa Energía delivered a five-year revenue compound annual growth rate of 13.3% from FY2020 to FY2025. In FY2024, revenue stood at $1.88B with net income of $619.0M and an operating margin of 23.5%. FY2025 revenue rose 6.5% to $2.00B, while net income totaled $377.0M and gross margin reached 31.5%. For the trailing twelve months ending June 30, 2026, revenue reached $2.42B with an operating margin of 25.6% and diluted earnings per share of $11.00. In the latest quarter ending June 30, 2026, quarterly revenue growth accelerated by 53.5% year-over-year, while quarterly earnings expanded by 333.3%.

As of June 30, 2026, Pampa Energía held $1.28B in cash and short-term investments against total debt of $2.63B, resulting in net debt of $1.35B. Total assets stood at $7.75B and shareholders' equity was $4.03B, yielding a debt-to-equity ratio of 0.65 and a current ratio of 3.64. In FY2025, operating cash flow was $684.6M while capital expenditures reached $967.8M, resulting in free cash flow of -$283.2M. Capital allocation in FY2025 included $54.3M deployed to share buybacks and $1.0M in dividends paid.

Pampa Energía trades at a trailing P/E of 7.4x and a forward P/E of 6.7x, both well below the median of its US-listed Industrials peers of 24.8x and 17.2x, respectively. Its EV/EBITDA multiple of 6.9x is lower than the peer median of 13.9x, while its price-to-sales ratio of 1.8x compares to the peer median of 1.5x. Over the past year, the stock returned 25.1%, outperforming the S&P 500 return of 16.8%. Over five years, PAM gained 314.4% compared to 83.0% for the index.

Wall Street coverage includes 7 Strong Buy, 2 Buy, and 2 Hold ratings, with zero Sell or Strong Sell ratings. The consensus mean price target is $121.09, which represents a 49.3% premium over the last close of $81.10 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts estimate EPS of $10.62, representing projected growth of 53.9%. The company has beaten EPS expectations in each of the last 4 quarters, and its next earnings date is scheduled for November 2, 2026.

This page is an AI-written research summary of Pampa Energía S.A. (PAM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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