The strong Q1 beat, especially in Oil & Gas, reinforces the growth narrative from Vaca Muerta. Traders should watch for continued production momentum and the FLNG project update in the next 20-F or 6-K. The CTLL TG04 outage is a near-term headwind for generation but is limited.
Price Chart
Executive Summary
Pampa Energy reported strong Q1 2026 results with total segment revenue up ~41% YoY to $622M and net income improving 40% to ~$216M, driven by a 69% revenue surge in Oil & Gas from the Rincón de Aranda production ramp-up. Generation revenue also grew 43%, though petrochemicals remained weak. The positive momentum supports the stock.
Key Facts
- Oil & Gas segment revenue +69% YoY to $247M, operating income swing from -$9M to +$26M
- Generation segment revenue +43% to $279M, but net profit fell 28% to $90M due to higher taxes
- Petrochemicals revenue -4% to $88M, operating loss of $3M vs $12M profit a year ago
- Consolidated net income (sum of segments) ~$216M vs ~$154M, up 40% YoY
- Oil production soared 504% to 19.5 kbbl/day; gas production +17% to 13.8 km³/day
Financial Impact
Total segment revenue up ~$182M YoY; net income up ~$62M YoY
Risk Factors
- Petrochemicals segment loss may persist if international margins stay weak
- Unscheduled outage at CTLL TG04 until end of June 2026 could pressure generation earnings
- Argentine peso stability and regulatory changes remain key macro risks
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-003016 |
| Document: pam20260511_6k.htm | 0001292814-26-003016 |
| Document: 0001292814-26-003016-index-headers.html | 0001292814-26-003016 |
| Document: 0001292814-26-003016-index.html | 0001292814-26-003016 |
| Document: 0001292814-26-003016.txt | 0001292814-26-003016 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 13, 2026 23w ago | 6-K | $2.65 $2.65 | · 0.00% | ▲ +0.61% | $3.05 (+15.09%) |
May 13, 2026 23w ago | 6-K | $2.65 $2.65 | · 0.00% | ▲ +0.61% | $3.05 (+15.09%) |
May 8, 2026 24w ago | 6-K | $2.65 $2.65 | · 0.00% | ▲ +0.30% | $3.05 (+15.09%) |
May 7, 2026 24w ago | 6-K | $2.65 $2.65 | · 0.00% | ▼ −3.14% | $3.05 (+15.09%) |
May 6, 2026 24w ago | 6-K | $2.65 $2.65 | · 0.00% | ▼ −3.14% | $3.05 (+15.09%) |
Apr 9, 2026 28w ago | 20-F | $2.65 $2.65 | · 0.00% | ▼ −7.57% | $3.05 (+15.09%) |
Apr 7, 2026 28w ago | 6-K | $2.65 $2.65 | · 0.00% | ▼ −9.78% | $3.05 (+15.09%) |
Apr 7, 2026 28w ago | 6-K | $2.65 $2.65 | · 0.00% | ▼ −9.78% | $3.05 (+15.09%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers