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Argentina's largest integrated energy company, spanning power generation, oil & gas production and petrochemicals.
Argentina's largest integrated energy company, spanning power generation, oil & gas production and petrochemicals.
Sells electricity from its thermal, hydro and wind plants, much of it through Argentina's wholesale power administrator, CAMMESA, which makes it exposed to regulated prices and the regulator's payment schedule. Its gas and oil business is growing from shale in Vaca Muerta. It sold its stake in the Edenor distributor in 2021, narrowing the group to generation, upstream and petrochemicals.
Moat: narrow (scale, regulatory licence). Largest private generation fleet and a Vaca Muerta shale position in a regulated Argentine market.
Headquarters: Buenos Aires, Argentina · Founded: 1945
Size Pampa Energia SA Sponsored ADR (PAM) is a United States Utilities company (Electric Utilities) with a market value of $3.78B, the 1382nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $63.58 on 6 Nov 2026.
Performance Over six months the shares fell 19.2%, against -6.9% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 28.8% over the last twelve months (peer median +0.6%); the operating margin is 21.1% (peer median 10.5%).
Valuation It trades at 7.4× forward earnings against a peer median of 11.2× (4th cheapest of 20).
Capital Return on invested capital runs 0.4 points below its cost of capital (7.9% WACC).
Credit Pampa Energia SA Sponsored ADR has 3 bonds outstanding ($2.06B), rated B by the agencies and trading like BB- at a weighted spread of 378 bp.
Short interest Short interest is 0.8% of the free float (15 Oct 2026).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.44B | $2.04B | $1.89B | $1.74B | $1.85B |
| Revenue growth | — | +8% | +8% | -6% | — |
| Gross profit | $843M | $698M | $614M | $1.00B | $776M |
| EBITDA | $1.02B | $812M | $682M | $1.04B | $766M |
| Net income | $579M | $398M | $617M | $117M | $496M |
| Free cash flow | -$456M | -$283M | -$140M | -$354M | $67.9M |
| Capital expenditure | $1.06B | $968M | $431M | $660M | $425M |
| Total debt | $2.63B | $1.93B | $2.10B | $1.47B | $1.63B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Pampa Energia SA Sponsored ADR PAM | $3.78B | -19% | +29% | 21% | 7.4× | n/a |
| YPF SA Sponsored ADR YPF | $17.8B | -9% | -14% | 22% | 4.9× | n/a |
| Central Puerto SA Sponsored ADR CEPU | $1.64B | -29% | +51% | 29% | 5.0× | -5.0% |
| Transportadora de Gas del Sur SA Sponsored ADR Class B RegS TGS | $3.80B | -27% | +11% | 44% | 8.2× | -14.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PAM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.2% | -0.7% | lowest of 21 |
| 6-month return | -19.2% | -6.9% | 6th lowest of 21 |
| Distance from 52-week high | -32.7% | -19.2% | 6th lowest of 21 |
| Revenue growth (TTM) | +28.8% | +0.6% | highest of 21 |
| Operating margin | 21.1% | 10.5% | 4th highest of 20 |
| Forward P/E | 7.4× | 11.2× | 4th cheapest of 20 |
| ROIC minus cost of capital | -0.4 pp | -1.4 pp | 9th highest of 20 |
| EV / EBITDA | 5.0× | 10.5× | 2nd cheapest of 14 |
| Net debt / EBITDA | 1.3× | 5.3× | least indebted of 14 |
| Bond spread | 378 bp | 116 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pampa Energia SA Sponsored ADR PAM | United States | $3.78B | -19% | +29% | 21% | 7.4× | n/a | n/a |
| Drax DRX.L | United Kingdom | $3.88B | 0% | -8% | 9% | 10.4× | -0.2% | +4.8% |
| Tohoku Electric Power 9506.T | Japan | $3.89B | +13% | +17% | 3% | 4.9× | n/a | n/a |
| Guangdong Electric Power Development 000539.SZ | China | $3.64B | -21% | +8% | -1% | n/a | 9.8% | +8.9% |
| Guangzhou Development 600098.SS | China | $3.56B | -3% | +4% | 4% | 14.9× | -1.0% | +9.9% |
| TAURON Polska Energia TPE.WA | Poland | $4.02B | -6% | 0% | n/a | 6.1× | 17.0% | +10.4% |
| Iren IRE.MI | Italy | $3.54B | -9% | -8% | 9% | 10.6× | 5.5% | +12.0% |
| NLC India NLCINDIA.NS | India | $3.50B | -28% | +17% | 18% | 9.9× | n/a | n/a |
| TransAlta TA.TO | Canada | $4.15B | +5% | -12% | 8% | 49.9× | 21.9% | +4.1% |
| Tokyo Elec Power Co Hldgs 9501.T | Japan | $4.17B | -31% | -2% | 1% | 3.7× | n/a | n/a |
| AGL Energy AGL.AX | Australia | $4.21B | -3% | -6% | 11% | 10.5× | n/a | n/a |
| Northland Power NPI.TO | Canada | $4.22B | -4% | +15% | 34% | 14.3× | -1.7% | +3.4% |
| Avista AVA | United States | $3.37B | -1% | -1% | 19% | 15.0× | n/a | n/a |
| Algonquin Power & Utilities AQN.TO | Canada | $4.29B | -9% | +6% | 20% | 14.2× | n/a | n/a |
| China Power International Development 2380.HK | Hong Kong | $4.29B | -20% | -5% | 20% | 13.6× | n/a | n/a |
| Jiangsu Guoxin 002608.SZ | China | $4.30B | -1% | +7% | 5% | 12.6× | -0.7% | +10.5% |
| Otter Tail OTTR | United States | $3.29B | -11% | +1% | 23% | 14.6× | n/a | n/a |
| GCL Energy Technology 002015.SZ | China | $3.27B | -24% | -3% | 15% | 21.5× | n/a | n/a |
| Electric Power Development 9513.T | Japan | $4.39B | +2% | +4% | 10% | 8.2× | 4.5% | +5.4% |
| GEPIC Energy Development 000791.SZ | China | $3.23B | -18% | -30% | 40% | 10.2× | -7.8% | +32.3% |
| Shenzhen Energy 000027.SZ | China | $4.49B | -8% | +4% | 13% | 11.2× | n/a | n/a |
Pampa Energia SA Sponsored ADR has 3 bonds outstanding with $2.06B face value. The agencies rate it B; its bonds trade like BB-. Weighted yield 8.59%, a spread of 378 bp over government bonds.