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Pampa Energía announces nine-month period and third quarter 2025 results
Ciudad Autónoma de Buenos Aires, 11/04/2025 / 15:50, EST/EDT - EQS Newswire - 1/3 Pampa Energía S.A. (NYSE)
Pampa Energía S.A. (NYSE:PAM)(Buenos Aires Stock Exchange:PAMP), an independent company with active participation in Argentine oil, gas and electricity, announces the results for the nine-month period and quarter ended on September 30, 2025.
Pampa reports its financial information in US$, its functional currency. For local currency equivalents, transactional exchange rate (‘FX') is applied. However, Transener and Transportadora de Gas del Sur's (‘TGS') figures are adjusted for inflation as of September 30, 2025, and converted into US$ using the period-end FX. Previously reported figures remained unchanged.
Third quarter 2025 ('Q3 25') main results[1]
Sales recorded US$591 million in Q3 25[2], a 9% year-on-year slight decline, driven by higher crude oil production in Rincón de Aranda, increased gas exports to Chile, and fuel self-procurement at Central Térmica Loma de la Lata (‘CTLL'), partially offset by lower gas sales to retailers, a decline in crude oil prices and weaker petrochemical sales.
During Q3 25, shale oil production at Rincón de Aranda continued to grow steadily, consolidating the block's expansion.
| Pampa's main operational KPIs | Q3 25 | Q3 24 | Variation | |||||
| Oil and gas | Production (kboe/day) | 99.5 | 87.5 | +14 | % | |||
| Gas production (kboepd) | 82.2 | 82.1 | +0 | % | ||||
| Crude oil production (kbpd) | 17.3 | 5.4 | +220 | % | ||||
| Average gas price (US$/MBTU) | 4.4 | 4.4 | +0 | % | ||||
| Average oil price (US$/bbl)* | 61.1 | 71.9 | -15 | % | ||||
| Power | Generation (GWh) | 5,421 | 5,951 | -9 | % | |||
| Gross margin (US$/MWh) | 26.5 | 22.6 | +17 | % | ||||
| Petrochemicals | Volume sold (k ton) | 122 | 128 | -4 | % | |||
| Average price (US$/ton) | 937 | 1,092 | -14 | % | ||||
Note: * Price net of export duty and quality/logistic discounts.
Adjusted EBITDA reached US$322 million in Q3 25, a 16% year-on-year increase, mainly reflecting the strong contribution from Rincón de Aranda and, to a lesser extent, from gas exports, higher margins on self-procured gas and Parque Eólico Pampa Energía 6 (‘PEPE 6'). These effects were partially offset by lower styrene margins and reduced residential gas demand.
Net income attributable to shareholders was US$23 million, 84% below Q3 24[3], mainly explained by higher non-cash deferred tax charges, which also impacted results on our affiliates' equity income, partially offset by improved operating margins.
Net debt totaled US$874 million vs. US$712 million as of June 2025, resulting in a net-debt to EBITDA ratio of 1.3x, mainly due to higher investments in the development of Rincón de Aranda and share buybacks. After the quarter's closing, net debt decreased to US$790 million, resulting in a 1.1x ratio.
[1] The information is based on financial statements (‘FS') prepared according to International Financial Reporting Standards (‘IFRS') in force in Argentina.
[2] Sales from the affiliates CTBSA, Transener and TGS are excluded, shown as ‘Results for participation in joint businesses and associates.'
[3] Consolidated adjusted EBITDA represents the flows before financial items, income tax, depreciations and amortizations, extraordinary and non-cash income and expense, equity income, and includes affiliates' EBITDA at our ownership. Further information on section 3.1.
Consolidated balance sheet
(As of September 30, 2025 and December 2024, in millions)
| In US$ million | As of 9.30.2025 | As of 12.31.2024 | ||||
| ASSETS | ||||||
| Property, plant and equipment | 3,053 | 2,607 | ||||
| Intangible assets | 89 | 95 | ||||
| Right-of-use assets | 43 | 11 | ||||
| Deferred tax asset | 21 | 157 | ||||
| Investments in associates and joint ventures | 1,000 | 993 | ||||
| Financial assets at fair value through profit and loss | 32 | 27 | ||||
| Trade and other receivables | 48 | 75 | ||||
| Total non-current assets | 4,286 | 3,965 | ||||
| Inventories | 256 | 223 | ||||
| Financial assets at amortized cost | - | 80 | ||||
| Financial assets at fair value through profit and loss | 470 | 850 | ||||
| Derivative financial instruments | 30 | 1 | ||||
| Trade and other receivables | 784 | 488 | ||||
| Cash and cash equivalents | 411 | 738 | ||||
| Total current assets | 1,951 | 2,380 | ||||
| Total assets | 6,237 | 6,345 | ||||
| EQUITY | ||||||
| Share capital | 36 | 36 | ||||
| Share capital adjustment | 191 | 191 | ||||
| Share premium | 516 | 516 | ||||
| Treasury shares adjustment | 1 | 1 | ||||
| Treasury shares cost | (23 | ) | (7 | ) | ||
| Legal reserve | 44 | 44 | ||||
| Voluntary reserve | 2,399 | 1,657 | ||||
| Other reserves | (13 | ) | (13 | ) | ||
| Other comprehensive income | 100 | 119 | ||||
| Retained earnings | 182 | 742 | ||||
| Equity attributable to owners of the company | 3,433 | 3,286 | ||||
| Non-controlling interest | 9 | 9 | ||||
| Total equity | 3,442 | 3,295 | ||||
| LIABILITIES | ||||||
| Provisions | 107 | 137 | ||||
| Income tax and minimum notional income tax provision | 317 | 75 | ||||
| Deferred tax liability | 67 | 49 | ||||
| Defined benefit plans | 29 | 30 | ||||
| Borrowings | 1,473 | 1,373 | ||||
| Trade and other payables | 75 | 84 | ||||
| Total non-current liabilities | 2,068 | 1,748 | ||||
| Provisions | 7 | 10 | ||||
| Income tax liability | 15 | 257 | ||||
| Tax liabilities | 36 | 30 | ||||
| Defined benefit plans | 5 | 7 | ||||
| Salaries and social security payable | 31 | 39 | ||||
| Borrowings | 282 | 706 | ||||
| Trade and other payables | 351 | 253 | ||||
| Total current liabilities | 727 | 1,302 | ||||
| Total liabilities | 2,795 | 3,050 | ||||
| Total liabilities and equity | 6,237 | 6,345 | ||||
Consolidated income statement
(For the nine-month periods and quarters ended on September 30, 2025 and 2024, in millions)
Nine-month period | Third quarter | |||||||||||||
| In US$ million | 2025 | 2024 | 2025 | 2024 | ||||||||||
| Sales revenue | 1,491 | 1,441 | 591 | 540 | ||||||||||
| Domestic sales | 1,207 | 1,207 | 457 | 465 | ||||||||||
| Foreign market sales | 284 | 234 | 134 | 75 | ||||||||||
| Cost of sales | (1,000 | ) | (930 | ) | (375 | ) | (365 | ) | ||||||
| Gross profit | 491 | 511 | 216 | 175 | ||||||||||
| Selling expenses | (69 | ) | (57 | ) | (26 | ) | (21 | ) | ||||||
| Administrative expenses | (131 | ) | (139 | ) | (47 | ) | (56 | ) | ||||||
| Other operating income | 85 | 116 | 32 | 33 | ||||||||||
| Other operating expenses | (62 | ) | (72 | ) | (22 | ) | (20 | ) | ||||||
| Impairment of financial assets | (5 | ) | (56 | ) | (3 | ) | - | |||||||
| Impairment on PPE, int. assets & inventories | (8 | ) | (19 | ) | (7 | ) | (19 | ) | ||||||
| Results for part. in joint businesses & associates | 101 | 101 | 25 | 62 | ||||||||||
| Income from the sale of associates | - | 7 | - | - | ||||||||||
| Operating income | 402 | 392 | 168 | 154 | ||||||||||
| Financial income | 42 | 4 | 7 | 2 | ||||||||||
| Financial costs | (151 | ) | (137 | ) | (52 | ) | (43 | ) | ||||||
| Other financial results | 137 | 114 | 15 | 40 | ||||||||||
| Financial results, net | 28 | (19) | (30) | (1) | ||||||||||
| Profit before tax | 430 | 373 | 138 | 153 | ||||||||||
| Income tax | (214 | ) | 140 | (115 | ) | (7 | ) | |||||||
| Net income for the period | 216 | 513 | 23 | 146 | ||||||||||
| Attributable to the owners of the Company | 216 | 513 | 23 | 146 | ||||||||||
| Attributable to the non-controlling interest | - | - | - | - | ||||||||||
| Net income per share to shareholders | 0.2 | 0.4 | 0.0 | 0.1 | ||||||||||
| Net income per ADR to shareholders | 4.0 | 9.4 | 0.4 | 2.7 | ||||||||||
| Average outstanding common shares1 | 1,360 | 1,360 | 1,360 | 1,360 | ||||||||||
| Outstanding shares by the end of period1 | 1,360 | 1,360 | 1,360 | 1,360 | ||||||||||
Note 1: It considers the Employee stock-based compensation plan shares, which amounted to 3.9 million common shares as of September 30, 2024 and 2025.
Consolidated cash flow statement
(For the nine-month periods and quarters ended on September 30, 2025 and 2024, in millions)
Nine-month period | Third quarter | |||||||||||||
| In US$ million | 2025 | 2024 | 2025 | 2024 | ||||||||||
| OPERATING ACTIVITIES | ||||||||||||||
| Profit of the period | 216 | 513 | 23 | 146 | ||||||||||
| Adjustments to reconcile net profit to cash flows from operating activities | 407 | 140 | 244 | 93 | ||||||||||
| Changes in operating assets and liabilities | (133 | ) | (367 | ) | 76 | (17 | ) | |||||||
| Increase in trade receivables and other receivables | (219) | (458) | 35 | (26) | ||||||||||
| Increase in inventories | (34) | (33) | (14) | (3) | ||||||||||
| Increase in trade and other payables | 94 | 80 | 29 | (1) | ||||||||||
| Increase in salaries and social security payables | 2 | 15 | 12 | 12 | ||||||||||
| Defined benefit plans payments | (2) | (2) | (1) | (1) | ||||||||||
| Increase in tax liabilities | 25 | 34 | 12 | 4 | ||||||||||
| Decrease in provisions | (7) | (3) | (3) | (2) | ||||||||||
| Collection for derivative financial instruments, net | 8 | - | 6 | - | ||||||||||
| Net cash generated by (used in) operating activities | 490 | 286 | 343 | 222 | ||||||||||
| INVESTING ACTIVITIES | ||||||||||||||
| Payment for property, plant and equipment acquisitions | (751 | ) | (350 | ) | (307 | ) | (90 | ) | ||||||
| Payment for intangible assets acquisitions | - | - | - | 3 | ||||||||||
| Collection for sales (Payment for purchases) of public securities and shares, net | 376 | (26 | ) | 60 | (112 | ) | ||||||||
| Recovery (Suscription) of mutual funds, net | 11 | (1 | ) | 15 | - | |||||||||
| Capital integration in companies | (41 | ) | - | - | 23 | |||||||||
| Payment for companies' acquisitions | - | (48 | ) | - | (48 | ) | ||||||||
| Payment for right-of-use | - | - | - | 13 | ||||||||||
| Collection for equity interests in companies sales | 1 | 18 | 1 | - | ||||||||||
| Collection for joint ventures' share repurchase | - | 37 | - | - | ||||||||||
| Collections for intangible assets sales | 9 | - | 6 | - | ||||||||||
| Dividends collection | 25 | 8 | 25 | - | ||||||||||
| Collection for equity interests in areas sales | 2 | - | - | - | ||||||||||
| Cash addition for purchase of subsidiary | - | 71 | - | 71 | ||||||||||
| Net cash generated by (used in) investing activities | (368 | ) | (291 | ) | (200 | ) | (140 | ) | ||||||
| FINANCING ACTIVITIES | ||||||||||||||
| Proceeds from borrowings | 554 | 710 | 174 | 404 | ||||||||||
| Payment of borrowings | (128 | ) | (94 | ) | (20 | ) | (25 | ) | ||||||
| Payment of borrowings interests | (122 | ) | (118 | ) | (21 | ) | (35 | ) | ||||||
| Repurchase and redemption of corporate bonds | (726 | ) | (329 | ) | (1 | ) | (254 | ) | ||||||
| Payment for treasury shares acquisition | (16 | ) | - | (16 | ) | - | ||||||||
| Payments of leases | (11 | ) | (3 | ) | (9 | ) | (1 | ) | ||||||
| Net cash (used in) generated by financing activities | (449 | ) | 166 | 107 | 89 | |||||||||
| (Decrease) Increase in cash and cash equivalents | (327 | ) | 161 | 250 | 171 | |||||||||
| Cash and cash equivalents at the beginning of the period | 738 | 171 | 161 | 161 | ||||||||||
| (Decrease) Increase in cash and cash equivalents | (327 | ) | 161 | 250 | 171 | |||||||||
| Cash and cash equivalents at the end of the period | 411 | 332 | 411 | 332 | ||||||||||
For the full version of the Earnings Report, please visit Pampa's Investor Relations website: ri.pampa.com/en.
Information about the videoconference
There will be a videoconference to discuss Pampa's Q3 25 results on Wednesday, November 5, 2025, at 10:00 a.m. Eastern Standard Time/12:00 p.m. Buenos Aires Time. The hosts will be Gustavo Mariani, CEO, Adolfo Zuberbühler, CFO, Horacio Turri, EVP and head of oil and gas and Lida Wang, IR & ESG Officer at Pampa.
For those interested in participating, please register here.
For further information about Pampa:
investor@pampa.com
SOURCE: Pampa Energía S.A.
AttachmentFile: Cuadros_PR_3Q2025_EQS11/04/2025 EQS Newswire / EQS Group
View original content: EQS News
Saving the news in databases or any forwarding of the news to third parties in a commercial context or for commercial purposes is only permitted with the prior written consent of EQS Group AG.
BUENOS AIRES, ARGENTINA / ACCESS Newswire / November 4, 2025 / Pampa Energía S.A. (Buenos Aires Stock Exchange:PAMP), an independent company with active participation in Argentine oil, gas and electricity, announces the results for the nine-month period and quarter ended on September 30, 2025.
Pampa reports its financial information in US$, its functional currency. For local currency equivalents, transactional exchange rate ('FX') is applied. However, Transener and Transportadora de Gas del Sur's ('TGS') figures are adjusted for inflation as of September 30, 2025, and converted into US$ using the period-end FX. Previously reported figures remained unchanged.
Third quarter 2025 ('Q3 25') main results[1]
Sales recorded US$591 million in Q3 25[2], a 9% year-on-year slight decline, driven by higher crude oil production in Rincón de Aranda, increased gas exports to Chile, and fuel self-procurement at Central Térmica Loma de la Lata ('CTLL'), partially offset by lower gas sales to retailers, a decline in crude oil prices and weaker petrochemical sales.
During Q3 25, shale oil production at Rincón de Aranda continued to grow steadily, consolidating the block's expansion.
| Pampa's main operational KPIs | Q3 25 | Q3 24 | Variation | |||||
| Oil and gas | Production (kboe/day) | 99.5 | 87.5 | +14 | % | |||
| Gas production (kboepd) | 82.2 | 82.1 | +0 | % | ||||
| Crude oil production (kbpd) | 17.3 | 5.4 | +220 | % | ||||
| Average gas price (US$/MBTU) | 4.4 | 4.4 | +0 | % | ||||
| Average oil price (US$/bbl)* | 61.1 | 71.9 | -15 | % | ||||
| Power | Generation (GWh) | 5,421 | 5,951 | -9 | % | |||
| Gross margin (US$/MWh) | 26.5 | 22.6 | +17 | % | ||||
| Petrochemicals | Volume sold (k ton) | 122 | 128 | -4 | % | |||
| Average price (US$/ton) | 937 | 1,092 | -14 | % | ||||
Note: * Price net of export duty and quality/logistic discounts.
Adjusted EBITDA reached US$322 million in Q3 25, a 16% year-on-year increase, mainly reflecting the strong contribution from Rincón de Aranda and, to a lesser extent, from gas exports, higher margins on self-procured gas and Parque Eólico Pampa Energía 6 ('PEPE 6'). These effects were partially offset by lower styrene margins and reduced residential gas demand.
Net income attributable to shareholders was US$23 million, 84% below Q3 24[3], mainly explained by higher non-cash deferred tax charges, which also impacted results on our affiliates' equity income, partially offset by improved operating margins.
Net debt totaled US$874 million vs. US$712 million as of June 2025, resulting in a net-debt to EBITDA ratio of 1.3x, mainly due to higher investments in the development of Rincón de Aranda and share buybacks. After the quarter's closing, net debt decreased to US$790 million, resulting in a 1.1x ratio.
[1] The information is based on financial statements ('FS') prepared according to International Financial Reporting Standards ('IFRS') in force in Argentina.
[2] Sales from the affiliates CTBSA, Transener and TGS are excluded, shown as 'Results for participation in joint businesses and associates.'
[3] Consolidated adjusted EBITDA represents the flows before financial items, income tax, depreciations and amortizations, extraordinary and non-cash income and expense, equity income, and includes affiliates' EBITDA at our ownership. Further information on section 3.1.
Consolidated balance sheet
(As of September 30, 2025 and December 2024, in millions)
| In US$ million | As of 9.30.2025 | As of 12.31.2024 | ||||
| ASSETS | ||||||
| Property, plant and equipment | 3,053 | 2,607 | ||||
| Intangible assets | 89 | 95 | ||||
| Right-of-use assets | 43 | 11 | ||||
| Deferred tax asset | 21 | 157 | ||||
| Investments in associates and joint ventures | 1,000 | 993 | ||||
| Financial assets at fair value through profit and loss | 32 | 27 | ||||
| Trade and other receivables | 48 | 75 | ||||
| Total non-current assets | 4,286 | 3,965 | ||||
| Inventories | 256 | 223 | ||||
| Financial assets at amortized cost | - | 80 | ||||
| Financial assets at fair value through profit and loss | 470 | 850 | ||||
| Derivative financial instruments | 30 | 1 | ||||
| Trade and other receivables | 784 | 488 | ||||
| Cash and cash equivalents | 411 | 738 | ||||
| Total current assets | 1,951 | 2,380 | ||||
| Total assets | 6,237 | 6,345 | ||||
| EQUITY | ||||||
| Share capital | 36 | 36 | ||||
| Share capital adjustment | 191 | 191 | ||||
| Share premium | 516 | 516 | ||||
| Treasury shares adjustment | 1 | 1 | ||||
| Treasury shares cost | (23 | ) | (7 | ) | ||
| Legal reserve | 44 | 44 | ||||
| Voluntary reserve | 2,399 | 1,657 | ||||
| Other reserves | (13 | ) | (13 | ) | ||
| Other comprehensive income | 100 | 119 | ||||
| Retained earnings | 182 | 742 | ||||
| Equity attributable to owners of the company | 3,433 | 3,286 | ||||
| Non-controlling interest | 9 | 9 | ||||
| Total equity | 3,442 | 3,295 | ||||
| LIABILITIES | ||||||
| Provisions | 107 | 137 | ||||
| Income tax and minimum notional income tax provision | 317 | 75 | ||||
| Deferred tax liability | 67 | 49 | ||||
| Defined benefit plans | 29 | 30 | ||||
| Borrowings | 1,473 | 1,373 | ||||
| Trade and other payables | 75 | 84 | ||||
| Total non-current liabilities | 2,068 | 1,748 | ||||
| Provisions | 7 | 10 | ||||
| Income tax liability | 15 | 257 | ||||
| Tax liabilities | 36 | 30 | ||||
| Defined benefit plans | 5 | 7 | ||||
| Salaries and social security payable | 31 | 39 | ||||
| Borrowings | 282 | 706 | ||||
| Trade and other payables | 351 | 253 | ||||
| Total current liabilities | 727 | 1,302 | ||||
| Total liabilities | 2,795 | 3,050 | ||||
| Total liabilities and equity | 6,237 | 6,345 | ||||
Consolidated income statement
(For the nine-month periods and quarters ended on September 30, 2025 and 2024, in millions)
Nine-month period | Third quarter | |||||||||||||
| In US$ million | 2025 | 2024 | 2025 | 2024 | ||||||||||
| Sales revenue | 1,491 | 1,441 | 591 | 540 | ||||||||||
| Domestic sales | 1,207 | 1,207 | 457 | 465 | ||||||||||
| Foreign market sales | 284 | 234 | 134 | 75 | ||||||||||
| Cost of sales | (1,000 | ) | (930 | ) | (375 | ) | (365 | ) | ||||||
| Gross profit | 491 | 511 | 216 | 175 | ||||||||||
| Selling expenses | (69 | ) | (57 | ) | (26 | ) | (21 | ) | ||||||
| Administrative expenses | (131 | ) | (139 | ) | (47 | ) | (56 | ) | ||||||
| Other operating income | 85 | 116 | 32 | 33 | ||||||||||
| Other operating expenses | (62 | ) | (72 | ) | (22 | ) | (20 | ) | ||||||
| Impairment of financial assets | (5 | ) | (56 | ) | (3 | ) | - | |||||||
| Impairment on PPE, int. assets & inventories | (8 | ) | (19 | ) | (7 | ) | (19 | ) | ||||||
| Results for part. in joint businesses & associates | 101 | 101 | 25 | 62 | ||||||||||
| Income from the sale of associates | - | 7 | - | - | ||||||||||
| Operating income | 402 | 392 | 168 | 154 | ||||||||||
| Financial income | 42 | 4 | 7 | 2 | ||||||||||
| Financial costs | (151 | ) | (137 | ) | (52 | ) | (43 | ) | ||||||
| Other financial results | 137 | 114 | 15 | 40 | ||||||||||
| Financial results, net | 28 | (19) | (30) | (1) | ||||||||||
| Profit before tax | 430 | 373 | 138 | 153 | ||||||||||
| Income tax | (214 | ) | 140 | (115 | ) | (7 | ) | |||||||
| Net income for the period | 216 | 513 | 23 | 146 | ||||||||||
| Attributable to the owners of the Company | 216 | 513 | 23 | 146 | ||||||||||
| Attributable to the non-controlling interest | - | - | - | - | ||||||||||
| Net income per share to shareholders | 0.2 | 0.4 | 0.0 | 0.1 | ||||||||||
| Net income per ADR to shareholders | 4.0 | 9.4 | 0.4 | 2.7 | ||||||||||
| Average outstanding common shares1 | 1,360 | 1,360 | 1,360 | 1,360 | ||||||||||
| Outstanding shares by the end of period1 | 1,360 | 1,360 | 1,360 | 1,360 | ||||||||||
Note 1: It considers the Employee stock-based compensation plan shares, which amounted to 3.9 million common shares as of September 30, 2024 and 2025.
Consolidated cash flow statement
(For the nine-month periods and quarters ended on September 30, 2025 and 2024, in millions)
Nine-month period | Third quarter | |||||||||||||
| In US$ million | 2025 | 2024 | 2025 | 2024 | ||||||||||
| OPERATING ACTIVITIES | ||||||||||||||
| Profit of the period | 216 | 513 | 23 | 146 | ||||||||||
| Adjustments to reconcile net profit to cash flows from operating activities | 407 | 140 | 244 | 93 | ||||||||||
| Changes in operating assets and liabilities | (133 | ) | (367 | ) | 76 | (17 | ) | |||||||
| Increase in trade receivables and other receivables | (219) | (458) | 35 | (26) | ||||||||||
| Increase in inventories | (34) | (33) | (14) | (3) | ||||||||||
| Increase in trade and other payables | 94 | 80 | 29 | (1) | ||||||||||
| Increase in salaries and social security payables | 2 | 15 | 12 | 12 | ||||||||||
| Defined benefit plans payments | (2) | (2) | (1) | (1) | ||||||||||
| Increase in tax liabilities | 25 | 34 | 12 | 4 | ||||||||||
| Decrease in provisions | (7) | (3) | (3) | (2) | ||||||||||
| Collection for derivative financial instruments, net | 8 | - | 6 | - | ||||||||||
| Net cash generated by (used in) operating activities | 490 | 286 | 343 | 222 | ||||||||||
| INVESTING ACTIVITIES | ||||||||||||||
| Payment for property, plant and equipment acquisitions | (751 | ) | (350 | ) | (307 | ) | (90 | ) | ||||||
| Payment for intangible assets acquisitions | - | - | - | 3 | ||||||||||
| Collection for sales (Payment for purchases) of public securities and shares, net | 376 | (26 | ) | 60 | (112 | ) | ||||||||
| Recovery (Suscription) of mutual funds, net | 11 | (1 | ) | 15 | - | |||||||||
| Capital integration in companies | (41 | ) | - | - | 23 | |||||||||
| Payment for companies' acquisitions | - | (48 | ) | - | (48 | ) | ||||||||
| Payment for right-of-use | - | - | - | 13 | ||||||||||
| Collection for equity interests in companies sales | 1 | 18 | 1 | - | ||||||||||
| Collection for joint ventures' share repurchase | - | 37 | - | - | ||||||||||
| Collections for intangible assets sales | 9 | - | 6 | - | ||||||||||
| Dividends collection | 25 | 8 | 25 | - | ||||||||||
| Collection for equity interests in areas sales | 2 | - | - | - | ||||||||||
| Cash addition for purchase of subsidiary | - | 71 | - | 71 | ||||||||||
| Net cash generated by (used in) investing activities | (368 | ) | (291 | ) | (200 | ) | (140 | ) | ||||||
| FINANCING ACTIVITIES | ||||||||||||||
| Proceeds from borrowings | 554 | 710 | 174 | 404 | ||||||||||
| Payment of borrowings | (128 | ) | (94 | ) | (20 | ) | (25 | ) | ||||||
| Payment of borrowings interests | (122 | ) | (118 | ) | (21 | ) | (35 | ) | ||||||
| Repurchase and redemption of corporate bonds | (726 | ) | (329 | ) | (1 | ) | (254 | ) | ||||||
| Payment for treasury shares acquisition | (16 | ) | - | (16 | ) | - | ||||||||
| Payments of leases | (11 | ) | (3 | ) | (9 | ) | (1 | ) | ||||||
| Net cash (used in) generated by financing activities | (449 | ) | 166 | 107 | 89 | |||||||||
| (Decrease) Increase in cash and cash equivalents | (327 | ) | 161 | 250 | 171 | |||||||||
| Cash and cash equivalents at the beginning of the period | 738 | 171 | 161 | 161 | ||||||||||
| (Decrease) Increase in cash and cash equivalents | (327 | ) | 161 | 250 | 171 | |||||||||
| Cash and cash equivalents at the end of the period | 411 | 332 | 411 | 332 | ||||||||||
For the full version of the Earnings Report, please visit Pampa's Investor Relations website: ri.pampa.com/en.
Information about the videoconference
There will be a videoconference to discuss Pampa's Q3 25 results on Wednesday, November 5, 2025, at 10:00 a.m. Eastern Standard Time/12:00 p.m. Buenos Aires Time. The hosts will be Gustavo Mariani, CEO, Adolfo Zuberbühler, CFO, Horacio Turri, EVP and head of oil and gas and Lida Wang, IR & ESG Officer at Pampa.
For those interested in participating, please register here.
For further information about Pampa:
investor@pampa.com
ri.pampa.com/en
www.argentina.gob.ar/cnv
www.sec.gov
SOURCE: Pampa Energía S.A.
View the original press release on ACCESS Newswire
A new wind-energy partnership is helping DP World in Argentina power its Buenos Aires terminal with 81% renewable electricity-reducing emissions and setting a model for sustainable ports across Latin America.
BUENOS AIRES, AR / ACCESS Newswire / October 30, 2025 / DP World has achieved a major milestone in its sustainability journey in Argentina. Through a strategic partnership with local energy provider Pampa Energía, the company's Buenos Aires terminal (Terminales Río de la Plata, or TRP) increased its renewable electricity use from 30% to 81%, marking a significant step toward DP World's global decarbonization goals.
Powering Port Operations with Wind Energy
The partnership, which began in September 2024, enables TRP to source the majority of its electricity from Pampa Energía's wind energy park, replacing traditional grid supply with clean, renewable power. After a successful three-month trial during Q4 2024, the terminal reported consistent performance improvements and substantial emissions reductions in the first half of 2025.
In September 2024 alone, 97.2% of TRP's total electricity consumption - more than 746,000 kWh - came from renewable sources, avoiding the emission of 373 tons of CO₂ into the atmosphere.
Tangible Reductions in Carbon Emissions
From January to May 2025, TRP's absolute carbon emissions fell by 75%, dropping from 8 KtCO₂e to 2 KtCO₂e, compared with the same period in 2024. This reduction contributes directly to DP World's global target of achieving a 42% decrease in Scope 1 and 2 emissions by 2030.
Efficiency gains have also been striking. carbon intensity - the amount of CO₂ emitted per container handled - has been cut nearly in half, improving from 17.8 to 9.5 KgCO₂e per modified TEU, reflecting significant progress in energy efficiency.
Leading Argentina's Energy Transition
As one of Argentina's most important private terminals, TRP's transition underscores DP World's role in advancing the country's energy transition while supporting economic resilience.
Claudio Pautazzo, Manager, Safety & Environment, DP World in Argentina, said: "Our agreement with Pampa Energía represents far more than a new energy contract - it's a strategic commitment to transforming how we operate. By sourcing the majority of our electricity from wind power, we're demonstrating how renewable energy can drive efficiency, reduce emissions, and strengthen Argentina's position in the global transition toward a low-carbon economy."
Beyond emissions reduction, this initiative supports DP World's "Our World, Our Future" sustainability strategy, which focuses on decarbonizing operations, promoting circular economy practices, and supporting clean energy transitions across the Americas.
A Blueprint for Sustainable Ports
With this milestone, DP World in Argentina joins other terminals across the Americas - such as Callao in Peru and Caucedo in the Dominican Republic - that are now running on renewable energy. Together, these efforts are advancing DP World's mission to make trade flow sustainably, transforming how global logistics contributes to a cleaner, more resilient future.
-END-
DP World Americas Media Contact:
Melina Vissat, Head of Communications
M: (+1) 704-605-6159
E: melina.vissat@dpworld.com
About DP World
DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 100,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer's door.
In the Americas, DP World operates with a team of over 16,000 people across 12 countries, driving excellence through a robust network of 14 ports and terminals and more than 40 warehouses. By harnessing our global reach and local expertise, we simplify logistics, enhance operational performance, and redefine the boundaries of what's possible in global trade.
WE MAKE TRADE FLOW.
For more insights into how DP World is reshaping global trade, visit our website: www.dpworld.com
DP World in Argentina Expands Renewable Energy Use at Buenos Aires Terminal.
View additional multimedia and more ESG storytelling from DP World on 3blmedia.com.
Contact Info:
Spokesperson: DP World
Website: https://www.3blmedia.com/profiles/dp-world
Email: info@3blmedia.com
SOURCE: DP World
View the original press release on ACCESS Newswire
Pampa Energia SA Sponsored ADR (PAM) is currently at $78.83, up $16.21 or 25.89%
All data as of 1:45:18 PM ET
Source: Dow Jones Market Data, FactSet
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