Ciudad Autónoma de Buenos Aires, 11/06/2024 / 16:00, EST/EDT - EQS Newswire - 1/3 Pampa Energía S.A. (NYSE)

BUENOS AIRES, ARGENTINA / ACCESSWIRE / November 6, 2024 / Pampa Energía S.A. (NYSE:PAM)(Buenos Aires Stock Exchange:PAMP), an independent company with active participation in the Argentine electricity and gas value chain, announces the results for the nine-month period and quarter ended on September 30, 2024.

Pampa's financial information adopts US$ as functional currency, converted into AR$ at transactional exchange rate ('FX'). However, Transener and TGS's adjust their figures for inflation as of September 30, 2024, which are expressed in US$ at the period's closing FX. The previously reported figures remain unchanged.

Third quarter 2024 ('Q3 24') main results[1]

14% year-on-year sales increase in Q3 24, reaching US$540 million[2] , driven by increased gas production in line with the last Plan Gas round, improved availability, dispatch and prices in power generation, and higher reforming volumes. These effects were partially offset by lower gas sales to industries and Chile, reforming prices and local petchem sales.

Operational KPIs in power generation and gas production outperformed during the winter peak demand

Adjusted EBITDA[3] was US$279 million in Q3 24, 14% higher than Q3 23 , mainly explained by increased deliveries under Plan Gas, power generation and our stakes at Transener and Transportadora de Gas del Sur ('TGS'), offset by petrochemicals and operating costs.

Net profit to the Company's shareholders of US$146 million, a 4% decline from Q3 23 , due to lower gains from financial securities and lesser devaluation over the monetary active position in AR$, partially offset by lesser financial expenses and income tax, and improvements in the operating margin.

Net debt decreased US$150 million vs. June 2024 to US$539 million, the lowest amount and ratio in the last 8 years, explained by the operating cash flow of core businesses and improved collections.

Consolidated balance sheet
(As of September 30, 2024 and December 2023, in millions)

Consolidated income statement

(For the nine-month periods and quarters ended on September 30, 2024 and 2023, in millions)

Note : 1 It considers the Employee stock-based compensation plan shares, which amounted to 3.9 million common shares as of September 30, 2023 and 2024.

For the full version of the Earnings Report, please visit Pampa's Investor Relations website: .

Information about the video conference

There will be a video conference to discuss Pampa's Q3 24 results on Thursday, November 7, 2024, at 10:00 a.m. Eastern Standard Time/12:00 p.m. Buenos Aires Time. The hosts will be Gustavo Mariani, CEO, Nicolás Mindlin, CFO, and Lida Wang, investor relations and sustainability officer at Pampa.

For those interested in participating, please register here .

For further information about Pampa :

[1] The information is based on financial statements ('FS') prepared according to International Financial Reporting Standards ('IFRS') in force in Argentina.

[2] Sales from the affiliates CTBSA, Transener and TGS are excluded, shown as 'Results for participation in joint businesses and associates.'

[3] Consolidated adjusted EBITDA represents the flows before financial items, income tax, depreciations and amortizations, extraordinary and non-cash income and expense, equity income, and includes affiliates' EBITDA at our ownership. Further information on section 3.1.

SOURCE: 1/3 Pampa Energía S.A.

11/06/2024 EQS Newswire / EQS Group AG