Pampa Energía S.A. (PAM) quarterly cash flow statement — complete operating, investing & financing history
Pampa Energía S.A. (PAM) cash flow statement — 13-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 214M | -233M | 273.58M | 407.6M | 57M | 51.91M | 138.22M | 147.74M | 57.53M | -16.6M | 14.72M | 97.43M | 100.82M | 156.02M | 144.52M | 162.35M | 91.78M | 114M | 148.95M | 208.23M |
| Operating CF Growth % | 275.44% | -548.87% | 97.94% | 175.89% | -0.92% | 412.78% | 839.23% | 51.64% | -42.94% | -110.64% | -89.82% | -39.99% | 9.85% | 36.86% | -2.98% | -22.03% | -42.82% | -6.57% | 11.72% | 1.82% |
| Operating CF / Revenue % | 28.69% | -40.66% | 53.96% | 68.97% | 11.73% | 12.54% | 25.81% | 28.02% | 11.51% | -4.14% | 1.99% | 20.51% | 23.46% | 38.86% | 16.49% | 34.55% | 19.87% | 27.6% | 29.92% | 48.34% |
| Net Income | 174M | 216M | 163.53M | 30.22M | 39M | 153.37M | 112.03M | 148.23M | 101.71M | 261.3M | -194.5M | 161.39M | 181.17M | 129.11M | 138.08M | 176.57M | 69.13M | 94.27M | 44.96M | 131.68M |
| Depreciation & Amortization | 0 | 122M | 110.71M | 128.85M | 97M | 84.56M | 86.35M | 105.38M | 85.42M | 66.68M | 67.16M | 78.7M | 68.07M | 54.51M | 52.94M | 53.71M | 55.34M | 48.46M | 57.64M | 58.9M |
| Deferred Taxes | 0 | -66M | -166.96M | 125.35M | 103M | 0 | -49.07M | -51.82M | -86.37M | -143.25M | 401.53M | 21.97M | 8.74M | -3.08M | 282.37M | -32M | -69.88M | -3.19M | -61.06M | 4.04M |
| Other Non-Cash Items | 111M | -27M | 15.39M | 10.23M | -40M | -113.21M | -57.29M | 7.72M | 102.56M | -10.6M | -202.19M | -42.59M | -115.03M | -15.86M | -353.47M | 1.84M | 138.36M | 24.85M | 89.99M | -24.73M |
| Working Capital Changes | -71M | -478M | 150.9M | 112.95M | -142M | -72.81M | 46.2M | -61.77M | -145.78M | -190.73M | -57.28M | -122.05M | -42.13M | -8.65M | 24.59M | -37.77M | -101.16M | -50.39M | 17.42M | 38.35M |
| Capital Expenditures | -253M | -265M | -246.26M | -295.01M | -281M | -156.17M | -95.26M | -75.8M | -127.45M | -132.85M | -168.97M | -186.19M | -173.65M | -168.09M | -177.43M | -231.12M | -102.13M | -70.77M | -216.45M | -175.43M |
| CapEx / Revenue % | 33.91% | 46.25% | 48.57% | 49.92% | 57.82% | 37.72% | 17.79% | 13.83% | 26.06% | 33.13% | 22.87% | 39.2% | 40.4% | 41.86% | 20.25% | 49.18% | 28.52% | 17.14% | 43.48% | 40.73% |
| CapEx / D&A | - | 2.17x | 2.22x | 2.29x | 2.90x | 1.85x | 1.10x | 0.69x | 1.53x | 1.99x | 2.52x | 2.37x | 2.55x | 3.08x | 3.35x | 4.30x | 2.38x | 1.46x | 3.76x | 2.98x |
| CapEx Coverage (OCF/CapEx) | 0.85x | -0.88x | 1.11x | 1.38x | 0.20x | 0.33x | 1.45x | 2.03x | 0.44x | -0.12x | 0.09x | 0.52x | 0.58x | 0.93x | 0.81x | 0.70x | 0.70x | 1.61x | 0.69x | 1.19x |
| Cash from Investing | -143M | -203M | -24.11M | -234.99M | -125M | -47.9M | -63.74M | -90.14M | -151.37M | -38.49M | 201.83M | -184.92M | -104.43M | -174.2M | -177.43M | -231.12M | -115.46M | -72.2M | -216.45M | -175.43M |
| Acquisitions | -14M | -16M | 38.38M | 3.6M | -10M | -31.57M | 20.83M | 51.82M | 11.66M | 19.37M | 44.56M | 46.6M | 6.43M | 263.7K | -132.98M | -23.24M | 39.6M | 1.39M | 380.37K | 4.69M |
| Purchase of Investments | 0 | -9M | -39.31M | 0 | -4M | 0 | 11.52M | -30.09M | -875.46K | 0 | 0 | 0 | 25.54M | -23.62M | 38.61M | -83.63M | -22.8M | -19.72M | -182.13M | -16.69M |
| Sale of Investments | 118M | 87M | 223.61M | 51.67M | 165M | 139.85M | -962.17K | -38.91M | -31.72M | 66.86M | 326.75M | -39.39M | 37.87M | 10.21M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 6M | 0 | -533.99K | 4.75M | 5M | -1 | 130.37K | 2.98K | -133.35K | 8.12M | -515.47K | -5.94M | -617.52K | 7.03M | 6.97M | 19.49M | -504.4K | 16.9M | 30.04M | -94.59M |
| Cash from Financing | 672M | -53M | 113.99M | 175.46M | -132M | -383.52M | 369.91M | 131.71M | 38.41M | 78.21M | -156.2M | 81.88M | 112.26M | 31.65M | 49.18M | 63.89M | -2.67M | -19.2M | 3.61M | -71.2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42.9K | -42.9K | 0 | -1.16M | 74.41K | -659.75K | 0 | 16.17K | 14.94K | -268.32K | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | 0.03% | 0.04% | - | - | 0.05% | 0.4% | - | 0.01% | 0.01% | 0.41% | - | - | - |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -34.99M | -19.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.21M | -8.54M | -8.76M | -1.65M | 359.33K | -2.2M |
| Other Financing | -46M | -22M | -111.34M | 43.62M | -63M | -358.47M | -4.46M | -247.73M | -77.79M | -39.85M | -4.71M | 5.38M | -6.3M | -48.21M | -29.01M | -358.39K | -797.75K | -39.02M | -4.95M | -1.58M |
| Net Change in Cash | 743M | -489M | 312.79M | 251.05M | -200M | -377.32M | 406.29M | 180.17M | -48.21M | 39.23M | -12.52M | -14.5M | 71.84M | 36.16M | 9.11M | -8.4M | -26.57M | 30.13M | -63.47M | 48.55M |
| Exchange Rate Effect | 0 | 0 | -50.66M | -97.02M | 0 | 2.19M | -38.1M | -9.14M | 7.22M | 16.11M | -72.87M | -8.89M | -36.81M | 22.68M | -7.16M | -3.52M | -215.23K | 7.53M | 420.07K | 86.95M |
| Cash at Beginning | 236M | 725M | 413.64M | 162.59M | 361M | 738.34M | 332.05M | 151.88M | 200.09M | 161.09M | 183.18M | 197.68M | 125.83M | 89.93M | 96.79M | 105.19M | 131.76M | 101.75M | 173.35M | 124.79M |
| Cash at End | 979M | 236M | 726.44M | 413.64M | 161M | 361.02M | 738.34M | 332.05M | 151.88M | 200.33M | 170.65M | 183.18M | 197.68M | 126.09M | 105.9M | 96.79M | 105.19M | 131.87M | 109.87M | 173.35M |
| Free Cash Flow | -39M | -498M | 27.32M | 112.59M | -224M | -104.26M | 42.96M | 71.94M | -69.92M | -149.44M | -154.26M | -88.76M | -72.83M | -12.07M | -32.92M | -68.78M | -10.36M | 43.23M | -67.5M | 32.8M |
| FCF Growth % | 82.59% | -377.63% | -36.41% | 56.51% | -220.35% | 30.23% | 127.85% | 181.04% | 4% | -1137.88% | -368.64% | -29.06% | -603.26% | -127.93% | 51.23% | -309.68% | -109.1% | -16.44% | -868.45% | 139.09% |
| FCF Margin % | -5.23% | -86.91% | 5.39% | 19.05% | -46.09% | -25.18% | 8.02% | 13.64% | -13.98% | -37.27% | -20.88% | -18.69% | -16.95% | -3.01% | -3.76% | -14.64% | -2.24% | 10.47% | -13.56% | 7.61% |
| FCF / Net Income % | -22.67% | -232.71% | 16.97% | 489.52% | -560% | -68.15% | 28.59% | 49.95% | -69.92% | -55.97% | 379.41% | -58.4% | -44.33% | -9.37% | -15.21% | -42.25% | -15.69% | 44.75% | -127.01% | 25.29% |