Pampa Energía Announces Nine-Month Period and Third Quarter 2025 Results

Core Insights - Pampa Energía S.A. reported its financial results for the nine-month period and third quarter ended September 30, 2025, highlighting a slight decline in sales but an increase in adjusted EBITDA [1][3][6]. Financial Performance - Sales revenue for Q3 2025 was US$591 million, reflecting a 9% year-on-year decline, attributed to lower gas sales to retailers and a decrease in crude oil prices, despite increased crude oil production and gas exports [3][6]. - Adjusted EBITDA reached US$322 million in Q3 2025, a 16% increase year-on-year, driven by strong contributions from shale oil production and gas exports [6]. - Net income attributable to shareholders was US$23 million, an 84% decrease compared to Q3 2024, primarily due to higher non-cash deferred tax charges [7]. Operational Highlights - Oil and gas production averaged 99.5 kboe/day in Q3 2025, up from 87.5 kboe/day in Q3 2024, with crude oil production increasing significantly by 220% to 17.3 kbpd [5]. - Gas production remained stable at 82.2 kboepd, while the average oil price decreased by 15% to US$61.1 per barrel [5]. Balance Sheet and Cash Flow - As of September 30, 2025, net debt totaled US$874 million, up from US$712 million in June 2025, resulting in a net-debt to EBITDA ratio of 1.3x [8]. - The company reported a decrease in cash and cash equivalents to US$411 million from US$738 million at the beginning of the period [13]. Future Outlook - A videoconference is scheduled for November 5, 2025, to discuss the Q3 2025 results, featuring key executives from the company [14].