Pampa Energia Posts 8% EBITDA Growth With $1.4B CapEx and $450M Bond
Pampa Energia achieved record daily production of 104,000 barrels of oil equivalent in winter 2025 and grew EBITDA by 8% year-on-year to over $1 billion, while investing a record $1.4 billion in CapEx. It issued a $450 million 20-year bond, extending average debt life to nearly eight years.
1. Operational Highlights
Pampa Energia achieved record daily production of 104,000 barrels of oil equivalent in winter 2025 and consolidated a 15% share of Argentina's net electricity output with a 94% thermal availability rate. However, quarterly EBITDA dipped due to gas seasonality and higher transport and treatment costs in the oil and gas segment.
2. Financial Performance and Capital Investments
Full-year EBITDA rose 8% year-on-year to surpass $1 billion. The company invested a record $1.4 billion in CapEx for 2025 and issued a $450 million international bond with a 20-year maturity, extending average debt life to nearly eight years.
3. 2026 Outlook and Production Targets
Management plans to boost oil production from 19,000 to 28,000 barrels per day by mid-2026 through 28 new wells and expects natural gas output to average 13.5 million cubic meters per day, with lifting costs near $10 per barrel and under $1 per MMBTU. No dividend distribution is planned due to anticipated negative free cash flow.