| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 80 | 8.0x | 17.8x | Top tier | |
Growth | 86 | 28.9% | 7.1% | Top tier | |
Quality | 42 | 4.9% | 4.5% | Around median | |
Safety | 55 | 1.4x | 2.6x | Around median | |
Capital Return | 11 | — | 2.12% | Bottom tier | |
Momentum | 72 | 17.7% | 2.9% | Top tier | |
Sentiment | 90 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Pampa Energía S.A. operates across Argentina's energy value chain, combining oil and gas production with power generation, allowing it to sell gas to industrial customers, export it to Chile, and use a portion of it in its own thermal power plants. In Q1 FY2026, intersegment consumption rose to 32% of gas sales from 2% a year earlier, while combined-cycle units not tied to power purchase agreements benefited from improved generation margins in the spot market.
Adjusted earnings before interest, taxes, depreciation, and amortization reached $325 million in Q1 FY2026, up 48% year over year and 41% quarter over quarter. The oil and gas segment generated $104 million, or 2.5 times its level a year earlier, while the power generation segment recorded $144 million, an 11% annual increase; Rincón de Aranda alone contributed about 17% of the company's total adjusted operating earnings and 54% of the oil and gas segment's earnings.
Average production exceeded 100 thousand barrels of oil equivalent per day in Q1 FY2026, with oil production reaching 19,500 barrels per day and oil accounting for 19% of the production mix. For FY2024, revenue reached $1.9 billion, gross profit was $597 million, and net income was $619 million, compared with revenue of $1.7 billion and net income of $305 million in FY2023; however, gross profit declined from $625 million despite revenue growth.
Automated analysis for informational purposes only — not investment advice.
The analysts' consensus target is $97, slightly above the 52-week range high of $94.5, while the range low is $54.95, and the consensus recommendation is “Buy,” with both the highest and lowest targets at $97. No price-to-earnings ratio is available in the data, so the stock's valuation rests on continued growth from Rincón de Aranda and power generation on one hand, versus negative free cash flow, rising financing requirements, and project execution risks on the other.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Adjusted earnings before interest, taxes, depreciation, and amortization reached $325 million, up 48% year over year and 41% quarter over quarter. Growth came mainly from the expansion of Rincón de Aranda, higher gas production, and improved spot generation margins at combined-cycle plants. The oil and gas segment generated $104 million, while power generation generated $144 million. Rincón de Aranda alone contributed 17% of the company's total adjusted operating earnings.
The field's average production reached 18,200 barrels per day across 43 producing wells in Q1 FY2026, then rose to about 25 thousand barrels per day on May 9, 2026. The company targets 28 thousand barrels per day in mid-2026 and a stable level of 45 thousand barrels per day after the infrastructure is completed. The drilling inventory exceeds 300 wells, and the processing facility was designed to support a level of 45 thousand barrels per day for about 15 years. Oil lifting costs also declined to less than $10 per barrel from $41 a year earlier.
As of the May 9, 2026 call, management explicitly stated that a final investment decision had not been made. The company was working on the plant's engineering and negotiating with engineering, procurement, and construction providers, as well as environmental permits and project financing, while the August 11, 2026 report described the project as a $2.7 billion plan. The company envisions a plant with annual capacity of 2 million tons and sales of nearly $1 billion at normalized historical prices. The concept is based on using Pampa's gas and electricity reserves and serving domestic demand and neighboring export markets.
The company ended Q1 FY2026 with cash and cash equivalents of $677 million, down $414 million from the end of FY2025. Gross debt was approximately $1.9 billion and net debt was $1.2 billion, raising net leverage to 1.5 times earnings for the last 12 months. Free cash flow recorded a deficit of $404 million due to oil-hedging collateral, intensive spending at Rincón de Aranda, and payments for prior capital expenditures. In April 2026, the company issued $200 million of three-year bonds at a fixed interest rate of 5.49%.
The realized oil price was $58 per barrel in Q1 FY2026, down 15% year over year because of hedging. The company said the price without hedging would have exceeded $69 per barrel, which would have added about $21 million to revenue. The average hedge linked to Brent crude through April 2027 was $65, and the policy was intended to stabilize returns during the expansion phase of Rincón de Aranda. As production grows, management stated on May 9, 2026, that it intends to gradually reduce the hedged volume from 100% to about 50%.
