Pampa Energia Q1 net income rises 40% to US$214 million; sales climb 38% to US$573 million

• Pampa Energia posted Q1 2026 sales of US$ 573 million, up 38% year-on-year.
• Adjusted EBITDA climbed 48% to US$ 325 million, reflecting higher shale oil contributions, stronger spot margins in power generation, growth in gas sales, offset by lower realized crude oil prices due to hedging.
• Net income attributable to shareholders rose 40% to US$ 214 million, driven by stronger operating margins and higher recognition of a non-cash deferred income tax credit as inflation outpaced AR$ devaluation.
• Net debt increased to US$ 1.2 billion as of March 2026 from December 2025, reflecting higher capital expenditures, increased collateral requirements due to oil hedging.
• Results reflected sustained expansion in shale oil production at Rincón de Aranda, supported by higher gas sales tied to vertical integration with power generation business.

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