Pampa Energy Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Pampa Energy Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	2,175	1,436	1,340	1,073	1,508	1,829	1,732	1,876
Cost of revenue	1,574	831	811	663	951	1,139	1,107	1,279
Gross profit	601	605	529	410	557	690	625	597
Selling and marketing		37	28	26	37	65	66	74
General and administrative	198	130	105	93	102	142	185	239
Operating income	368	618	462	243	579	631	424	440
Interest expense	232	184	187	177	185	221	364	185
Interest income	62	30	23	9	10	5	5	32
Pre-tax income	402	59	473	159	390	581	623	498
Income tax	-26	-32	-130	35	77	124	318
Income from continuing operations	428	91	603	124	313	457	305
Net income to minority interests	92	63	108	-101	-35	1	3
Net income	286	224	692	-367	273	456	302	619
EPS, basic	5.61	4.31	0.38	-0.23	0.19	0.33	0.22	0.46
EPS, diluted	5.61	4.31	14.42	-9.18	0.19	0.33	0.22	0.46

Balance sheet

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	31	241	225	141	110	106	171	738
Receivables		703	561	341
Inventory	113	137	153	116	155	173	205	223
Total current assets		1,521	1,362	948	1,125	1,343	1,336	2,380
Property, plant and equipment		3,316	3,507	1,610	1,659	2,164	2,544	2,607
Lease right-of-use assets		0	16	10	12	9	21	11
Total assets	5,657	5,672	5,684	4,890	3,861	4,742	4,722	6,345
Accounts payable		657	454	116			238	253
Short-term debt		342	183	242	79	273	224	706
Total current liabilities		1,182	854	448	342	631	521	1,302
Lease liabilities			12	10
Total liabilities	3,687	3,877	3,275	3,121	2,070	2,458	2,309	3,050
Total debt	1,683	2,177	1,947	1,614	1,438	1,613	1,448	2,079
Paid-in capital		491	510	516	516	516	516	516
Retained earnings		403	726	-372	295	477	223	742
Shareholders' equity		1,366	1,917	1,428	1,785	2,277	2,404	3,286
Minority interests		429	492	341	6	7	9	9
Total equity	1,969	1,795	2,409	1,769	1,791	2,284	2,413	3,295
Total liabilities and equity	5,656	5,672	5,684	4,890	3,861	4,742	4,722	6,345

Cash flow statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	378	287	800	-468	238	457	305	619
Cash from operations	439	610	802	693	729	619	575	435
Capital expenditures	-485	-455	-426	-124	-206	-416	-758	-447
Cash from investing	-846	19	-369	-255	-474	-575	-446	-344
Debt issued	1,250	245	556	353	188	308	424	1,174
Debt repaid	-733	-240	-523	-291	-336	-143	-191	-236
Dividends paid	0	-19	75	34		8
Cash from financing	372	-470	-390	-445	-342	-46	-57	476
Exchange rate effect	14	53	-59	-25	4	-2	-7
Net change in cash	-35	159	43	-7	-87	-2	72	567
Free cash flow	-46	155	376	569	523	203	-183	-12
Income taxes paid	-56	-14	-42	-5	-13	-2

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $77.82 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	31.8%	Gross profit / revenue.
Operating margin	23.5%	Operating income / revenue.
Pre-tax margin	26.5%	Pre-tax income / revenue.
Net margin	33.0%	Net income / revenue.
FCF margin	-0.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	23.2%	Cash from operations / revenue.
Return on equity (ROE)	21.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	11.2%	Net income / average total assets.
Return on invested capital (ROIC)	8.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue	23.8%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	8.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	7.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-4.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	2.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	2.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	3.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-8.7%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-1.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	105.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	31.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-2.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	109.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	34.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-49.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-24.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-15.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-11.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	36.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	22.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	11.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	34.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	18.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.83x	Current assets / current liabilities.
Quick ratio	0.57x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.57x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.63x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	32.8%	Total debt / total assets.
Liabilities / assets	48.1%	Total liabilities / total assets.
Net debt	$1.34B	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	2.38x	Operating income / interest expense.
Working capital	$1.08B	Current assets - current liabilities.
Tangible book value	$3.29B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.34x	Revenue / average total assets.
Fixed asset turnover	0.73x	Revenue / average property, plant and equipment.
Inventory turnover	5.98x	Cost of revenue / average inventory.
Days inventory	61 days	365 x average inventory / cost of revenue.
Days payables	70 days	365 x average accounts payable / cost of revenue.
FCF conversion	-1.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	102.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.46	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.46	Net income per basic share, as reported (split-adjusted).

Valuation

Metric	Value	How it is calculated
Market cap	$4.24B	Share price x shares outstanding.
Enterprise value	$5.59B	Market cap + total debt - cash - short-term investments.
P/E	6.86x	Market cap / net income. Only when net income is positive.
P/S	2.26x	Market cap / revenue.
P/B	1.29x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.29x	Market cap / tangible book value, when positive.
P/OCF	9.76x	Market cap / cash from operations, when positive.
EV/Sales	2.98x	Enterprise value / revenue.
EV/EBIT	12.7x	Enterprise value / operating income, when both are positive.
FCF yield	-0.3%	Free cash flow / market cap.
Earnings yield	14.6%	Net income / market cap (the inverse of P/E).
PEG	0.20x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Pampa Energy Inc.'s revenue in fiscal 2024?

Pampa Energy Inc. reported revenue of $1.88B for fiscal 2024, 8.3% higher than the year before.

Was Pampa Energy Inc. profitable in fiscal 2024?

Yes. Net income was $619.0M, a net margin of 33%.

How much free cash flow did Pampa Energy Inc. generate in fiscal 2024?

Cash from operations of $435.0M minus capital expenditures of $447.0M left free cash flow of -$12.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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