6-K ·Filed Nov 2, 2026
6-K: Earnings release
Actionable Insight ▲ Bullish
Monitor the pace of capital deployment on the RDA and UREA projects, as well as the evolution of operating cash flow which weakened significantly due to working capital build. The hedge accounting loss of $143M on crude oil forwards will continue to impact reported revenue through May 2027.
How the stock moved after the report
⚠ Clustered BULLISH VIEWSTOCK BELOW ENTRY AT T+1Entry
$68.51
T+0 close · Nov 2, 2026 · via day close
Latest settled
−5.36%
T+1 · $64.84
vs SPY
−7.01%
α at T+1
Next horizon
T+5
in 4d
- T+0 · Nov 2 $68.51entry
- T+1 · 2d ago −5.36%α −7.01% · $64.84
- T+3 · todayOpen
- T+5 · in 4d Pending
- T+20 · in 26d Pending
- T+60 · in 3mo Pending
Price Chart
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How similar events traded
Executive Summary
Pampa Energy reported Q3 2026 results with revenue of $790M (up 33.7% YoY from $591M) and EPS of $0.10 (up from $0.02 YoY). The strong top-line growth was driven by a surge in spot market energy sales and higher oil revenue, partially offset by a net financial loss and restructuring costs from the synthetic rubber closure. No consensus estimates were available for comparison, so no beat/miss rating is assigned.
Key Financial Metrics
EPS
$0.10
Revenue
$790.0M
+33.7% YoY
Gross Margin
32.9%
Key Facts
- Q3 2026 revenue $790M vs $591M in Q3 2025, a 33.7% increase
- Q3 2026 net profit attributable to owners $129M vs $23M in Q3 2025
- Q3 2026 EPS $0.10 vs $0.02 in Q3 2025
- Nine-month 2026 revenue $2,109M vs $1,491M in nine-month 2025, up 41.4%
- Nine-month 2026 net profit $519M vs $216M in nine-month 2025, up 140.3%
- Generation segment revenue surged to $1,007M (nine-month) from $585M, driven by spot market energy sales of $578M vs $185M
- Oil and gas segment revenue rose to $702M (nine-month) from $559M, with oil sales doubling to $338M
- Operating cash flow declined to $134M (nine-month) from $490M, due to a $767M working capital outflow
- Capital expenditures on property, plant and equipment were $1,043M (nine-month), up from $751M
- Total borrowings increased to $2,766M from $1,892M at year-end 2025, with $869M in new debt proceeds
- Synthetic rubber production closed in September 2026, with $24M restructuring costs recorded
- Two major RIGI-approved projects: RDA Project ($4.5B estimated investment) and UREA Project ($2.7B estimated investment)
Financial Impact
Q3 revenue up $199M YoY (+33.7%), net profit up $106M YoY (+460.9%)
revenuenet profitEPSoperating cash flowcapital expendituredebt
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Oil and gas | $702.0M | +25.6% |
| Generation | $1.0B | +72.1% |
| Petrochemicals | $377.0M | +14.6% |
| Holding, Transportation and others | $23.0M | +27.8% |
Risk Factors
- Operating cash flow fell sharply to $134M from $490M due to $767M working capital outflow, raising liquidity concerns despite $532M cash on hand
- Total debt rose to $2,766M from $1,892M, increasing leverage and interest expense
- Derivative liabilities of $167M and a $169M hedge loss in OCI expose the company to crude oil price volatility
- Argentine economic volatility with 23.6% cumulative inflation and uncertain regulatory environment
- Hydroelectric concession reversals (HINISA completed, HIDISA pending) could reduce generation capacity
Market Snapshot
Exchange
NYSE
Sector
Electric Services
Analyst Consensus
82% bullish (11 analysts)
Investment Themes
Traditional Energy
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-005116 |
| Document: pamfs3q26us_6k.htm | 0001292814-26-005116 |
| Document: 0001292814-26-005116-index-headers.html | 0001292814-26-005116 |
| Document: 0001292814-26-005116-index.html | 0001292814-26-005116 |
| Document: 0001292814-26-005116.txt | 0001292814-26-005116 |
| Earnings Context (Synthetic; results releases only) | 0001292814-26-005116 |
22 reports for PAM
64% Hit rate @ T+5 Went positive at some point 9 of 11 best @ T+5▲ +5.42%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 5, 2026 today | 6-K | $64.07 | awaiting T+5 | awaiting T+5 | $64.07 (−0.00%) |
Nov 5, 2026 today | Insider Buy | $63.82 | awaiting T+5 | awaiting T+5 | $64.07 (+0.39%) |
Nov 5, 2026 today | Insider Cluster | $63.82 | awaiting T+5 | awaiting T+5 | $64.07 (+0.39%) |
Nov 3, 2026 2d ago | 6-K | $68.51 | awaiting T+5 | awaiting T+5 | $64.07 (−6.48%) |
Nov 2, 2026 3d ago | 6-K | $68.51 | awaiting T+5 | awaiting T+5 | $64.07 (−6.48%) |
Nov 2, 2026 3d ago | 6-K | $68.51 | awaiting T+5 | awaiting T+5 | $64.07 (−6.48%) |
Nov 2, 2026 3d ago | 6-K | $68.51 | awaiting T+5 | awaiting T+5 | $64.07 (−6.48%) |
Nov 2, 2026 3d ago | 6-K | No price | awaiting T+5 | awaiting T+5 | No price |
Nov 2, 2026 3d ago | 6-K | $68.51 | awaiting T+5 | awaiting T+5 | $64.07 (−6.48%) |
Oct 16, 2026 20d ago | Insider Buy | $81.10 $79.50 | ▼ −1.97% | ▼ −1.54% | $64.07 (−21.00%) |
Showing 10 of 22
US Market Status
Market Closed · Opens Fri (< 1m)
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