Pampa Energía posts Q3 2026 earnings miss as capex spikes
Pampa Energía reported third‑quarter 2026 results on 3 Nov 2026. Adjusted EBITDA rose 23% year‑over‑year to $398 million, but earnings per share fell to $0.10, missing estimates. Capital expenditures jumped 85% YoY to $585 million, driving free cash flow to a $388 million deficit. Oil‑and‑gas EBITDA was $170 million, gas EBITDA $119 million and power EBITDA $160 million.
Why it matters
The company said the heavy capex and negative free cash flow weighed on near‑term profitability, which may pressure the share price despite strong EBITDA growth (the company’s release notes). Analysts will watch cash balance and debt levels as the investment cycle continues.
Key facts
- 1Adjusted EBITDA was $398 million, up 23% YoY. investing.com
- 2Earnings per share were $0.10, missing estimates of $2.50. investing.com
- 3Capital expenditures rose 85% YoY to $585 million. investing.com
- 4Free cash flow was negative $388 million. investing.com
- 5Oil‑and‑gas segment EBITDA was $170 million, down 7% sequentially. finance.yahoo.com
- 6Gas segment EBITDA was $119 million, up 6% YoY. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.