Latest news with #PampaEnergia
Washington Post
5 days ago
- Business
- Washington Post
Pampa: Q2 Earnings Snapshot
BUENOS AIRES, Argentina — BUENOS AIRES, Argentina — Pampa Energia SA (PAM) on Wednesday reported profit of $40 million in its second quarter. On a per-share basis, the Buenos Aires, Argentina-based company said it had net income of 70 cents. The electricity company posted revenue of $486 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PAM at
Yahoo
31-07-2025
- Business
- Yahoo
Pampa Energia S.A. (PAM) Launches $1.5B Expansion Plan, Eyes $1.2B in Annual Oil Exports
We recently compiled a list of Pampa Energia S.A. stands seventh on our list. Pampa Energia S.A. (NYSE:PAM) is an integrated energy company in Argentina with operations in electricity generation, oil and gas production, and petrochemicals. It owns about 5,332 MW of installed power capacity and has grown its presence in renewable energy and natural gas production, especially through the Vaca Muerta shale formation. In July 2025, the company submitted a $426 million proposal to build a major oil and gas processing plant in Neuquén province as part of a broader $1.5 billion expansion plan. This new facility, set to begin operations in 2026, includes a Central Processing Facility, pipelines, and storage terminals, all connected to Argentina's existing oil and gas infrastructure. The goal is to increase production at the Rincon de Aranda field tenfold, with crude oil exports projected to generate $1.2 billion annually starting in 2027. Pixabay/Public Domain To support its growth, Pampa Energia S.A. (NYSE:PAM) recently issued $340 million in senior notes due in 2034, raising the total to $700 million. These funds will be used to redeem existing debt and finance strategic initiatives. Operationally, the business has posted strong results, with natural gas production growing 21% year-over-year and adjusted EBITDA rising 30% in Q2 2024. Wind energy capacity has also expanded by 50% since 2017. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Bloomberg
09-07-2025
- Business
- Bloomberg
Goldcrest, Collaborative Lead Round for Argentine Energy Startup Unblock
US-based funds Goldcrest Capital and Collaborative Fund have invested $13.5 million in a seed round for Argentine energy tech startup Unblock, which converts excess gas from oil and gas companies into computing power. The fresh capital will help Unblock double its team to around 26 members across engineering and operations as it eyes a potential expansion into Brazil, said founder and Chief Executive Officer Tomas Ocampo. Other firms that participated in the round included Argentine groups Pampa Energia and Grupo Inversor Sielecki, alongside FJ Labs, NYDIG, Luxor Technology, and Sunna Ventures.
Reuters
01-07-2025
- Business
- Reuters
Pampa Energia plans $426 million oil and gas plant in Argentina
BUENOS AIRES, July 1 (Reuters) - Argentina's Pampa Energia has applied to build an oil and gas treatment plant at the Vaca Muerta shale formation, the company said on Tuesday, in a project worth $426 million. The facility, planned for the company's Rincon de Aranda field in the Neuquen province, is expected to start operating next year, with crude oil exports valued at about $1.2 billion set to start in 2027. The project includes a Central Processing Facility (CPF), pipelines, storage terminals, and other infrastructure, and will connect to the Vaca Muerta Sur oil pipeline and Perito Moreno gas pipeline, the company added. Pampa said the plant is part of a broader $1.5 billion development plan aimed at scaling up production tenfold at Rincon de Aranda.
Reuters
13-05-2025
- Business
- Reuters
Pampa Energia to invest around $1.6 billion in Argentina's Vaca Muerta through 2026
BUENOS AIRES, May 13 (Reuters) - Pampa Energia expects to spend around $1.6 billion through the end of next year to develop oil production at the sweeping Vaca Muerta shale formation in Argentina, the firm said on Tuesday. Pampa is betting heavily on its reserves at the Rincon de Aranda deposit in Vaca Muerta, with the earmarked funds representing the firm's largest-ever investment in a project, CEO Gustavo Mariani said in the firm's first-quarter presentation to investors. The Argentine energy firm currently puts out 6,000 barrels per day (bpd) from the site, it said in a statement. In the coming months, that should reach 20,000 bpd and by 2027 will come up to 45,000 bpd, Pampa added.
