Pampa Energía's second quarter revenue beats estimates, surging 53% on strong energy prices and production.

Pampa Energía reported second quarter revenue of $746 million, a 53% year-over-year increase, driven by a new energy deregulation framework and higher production. Adjusted EBITDA grew 75% to $415 million, and net income attributable to shareholders surged 4.3 times to $172 million, or $3.20 per ADR, beating analyst expectations.

Key Highlights

• Revenue grew 53% year-over-year to $746 million, surpassing estimates of $701.5 million.
• Adjusted EBITDA increased 75% year-over-year to $415 million, led by a 109% rise in the Oil & Gas segment and a 39% increase in Power Generation.
• Oil production nearly tripled year-over-year to 23.4 thousand barrels per day, driven by the ramp-up at the Rincón de Aranda shale project.
• The company's board approved a final investment decision of $2.7 billion to construct a new urea plant, marking a significant entry into the fertilizer business.