Company Analysis

Pampa Energia S.A. (PAM)

NYSE: PAM · Electric Services · City Of Buenos Aires, AR · filing with the SEC since 2009
Grade6.3
◀ Past 5.0● Present 6.7▶ Future 6.7
1 est.

The grade of Pampa Energia S.A.

Nine metrics read from its own filings, by tense
Headline grade
6.3/10
◀ Past5.025% of the headline
● Present6.745% of the headline
▶ Future6.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 66th percentile among 59 sector filers · read for itself

From the record

Pampa Energia S.A.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.4/10

What has it actually done, year after year?

-2.1% a year over 8 filed years; profitable in 7 of 8.

weight 22% of this tense · 14th percentile among 51 sector filers · read for its customers

From the record

Pampa Energia S.A.'s 8 filed years say what it did: revenue went from $2.2 billion in fiscal 2017 to $1.9 billion in fiscal 2024, down 2.1% a year; it rose in 3 of 7 years; the deepest fall was 51% from fiscal 2017 to fiscal 2020; net income was positive in 7 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-2.1%bottom 3% of its family
  • the share of years revenue rosebottom 4% of its family
  • the share of filed years with a profitbottom 45% of its family
  • the deepest fall from a revenue peak50.7%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.2/10

How has it treated the people who own it?

Share count shrank 1.1% a year. 0% of cash flow returned. Insiders: 15 sales, 22 purchases.

weight 33% of this tense · 52nd percentile among 39 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2024-12-31, Pampa Energia S.A.'s diluted share count shrank about 1.1% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 15 sales and 22 purchases of their own stock on the open market in the year to 2026-11-12, buying about $67 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 14% of its family
  • cash returned against operating cash flowbottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.7/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
7.8/10

Is it financially healthy right now?

ROE 19%: 19¢ of profit per shareholder dollar. Leverage 48%: owes 48¢ per asset dollar.

weight 45% of this tense · 78th percentile among 53 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Pampa Energia S.A. earned about 19 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 9 cents per dollar of everything the company owns. Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count shrank 0.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 15% of its family
  • return on equitytop 10% of its family
  • gross profit against assetstop 45% of its family
  • the share count against the year beforetop 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.7/10

How strong is its position in its industry?

top 33% of 52 in its family; net margin 33%.

weight 33% of this tense · 67th percentile among 52 sector filers · read for its customers

From the record

Pampa Energia S.A.'s standing among 52 graded names in its industry family: revenue of $1.9 billion in fiscal 2024 ranks in the bottom 32% by size; a net margin of 33% ranks in the top 1%; revenue growth of 7.5% a year over the last 3 filed years ranks in the top 30% (its annual reports).

What it rests on

  • revenue against the family$1.88Bbottom 32% of its family
  • net margin33.0%top 1% of its family
  • three-year revenue growth7.5%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.5/10

What are the people in charge doing?

SI estimate 4.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 33 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-12 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 33 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-12 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 33 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Pampa Energia S.A.'s leadership is put at 4.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-12 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 33 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.3/10

How much room does it have to grow?

top 47% of 47 in its family for room to expand.

weight 22% of this tense · 53rd percentile among 47 sector filers · read for itself

From the record

Pampa Energia S.A.'s room to grow, from the newest filed statements (fiscal 2024): cash of $738 million against debt of $2.1 billion leaves -21.1% of its assets as net cash, top 46% of its family; cash from operations less capital spending is -0.6% of revenue (top 50%); a gross margin of 31.8% (top 45%) (its annual report).

What it rests on

  • cash less debt against assets-21.1%top 46% of its family
  • cash from operations less capital spending against revenue-0.6%top 50% of its family
  • gross margin31.8%top 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.3/10

What could actually drive growth from here?

top 27% of 51 in its family for growth drivers.

weight 45% of this tense · 73rd percentile among 51 sector filers · read for its customers

From the record

Pampa Energia S.A.'s growth drivers, from the filed years to fiscal 2024: revenue grew 7.5% a year over the last three filed years against -2.1% over all 8, speeding up (top 3% of its family); the newest year grew 8.3% (top 48%); capital spending grew 29.5% a year (top 29%) (its annual reports). Pampa Energia S.A. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+9.6 points a yeartop 3% of its family
  • the newest year's revenue growth8.3%top 48% of its family
  • three-year growth of capital spending29.5%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.7/10

Did its newest year beat what its own record pointed to?

top 33% of 49 in its family for expectations against reality.

weight 33% of this tense · 67th percentile among 49 sector filers · read for its shareholders

From the record

Pampa Energia S.A.'s newest year against its own record: revenue of $1.9 billion in fiscal 2024 came in 1.1% above the $1.9 billion its prior three years' pace pointed to (bottom 43% of its family); net income of $619 million against a prior three-year average of $333 million (top 23%); a net margin of 33% against 19.5% before (top 17%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace1.1%bottom 43% of its family
  • net income against the prior three years' average+86%top 23% of its family
  • net margin against its prior average+13.5 pointstop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PAM · research, not advice