Pampa Energía S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 03:36 pm EST
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Pampa Energía S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 474 million compared to USD 507 million a year ago. Revenue was USD 474 million compared to USD 507 million a year ago. Net income was USD 152 million compared to USD 178 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.13 a year ago.
For the nine months, sales was USD 1,370 million compared to USD 1,381 million a year ago. Revenue was USD 1,370 million compared to USD 1,381 million a year ago. Net income was USD 457 million compared to USD 343 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.25 a year ago.
Pampa Energia S.A. is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena S.A., Central Termica Guemes S.A., Central Termica Loma de la Lata S.A. and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector. Its transmission segment includes an indirect equity interest through Compania Inversora en Transmision Electrica Citelec S.A. Its distribution segment includes an indirect equity interest in Electricidad Argentina S.A. and Empresa Distribuidora y Comercializadora Norte S.A. Its Oil and gas segment includes a direct interest in Petrolera Pampa S.A. Its holding and others segment includes financial investment operations, among others.