Pampa Energia (NYSE:PAM) reported a sharp increase in first-quarter adjusted EBITDA, supported by record oil and gas production, the continued ramp-up of its Rincón de Aranda shale oil project and improved margins in power generation under Argentina’s new electricity market framework.
Lida Wang, Pampa’s investor relations and sustainability officer, said adjusted EBITDA reached $325 million in Q1 2026, up 48% from a year earlier and 41% sequentially. She said Rincón de Aranda, gas operations and power generation were the main contributors. Rincón de Aranda alone accounted for 17% of total quarterly EBITDA, increasing eightfold from the same period last year.
