Pampa Energía S.A.

PAMNYSEUtilities● Active

$82.35

+$0.43(+0.52%)

Market Cap$4.5B

P/E Ratio—

52W High$94.5

52W Low$54.95

Avg Volume259K

Open$83.12

Beta-0.23

Overview

Pampa Energía S.A. (PAM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PAM · free cash flow · updated Jun 8, 2026

Core FCF metrics

PAM · FCF · TTM · margin & CAGR

Free cash flow was −$283.2M for FY2025 (fiscal year ending 2025-12-31), down 2259.7% year-over-year The FCF margin was -14.2%.

FY2025 Free Cash Flow−$283.2M▼ -2259.7% YoY

Trailing 12M (TTM)−$582.1Mtrailing 4 quarters sum

FCF Margin-14.2%−$283.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PAM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$684.6M(968M)−$283.2M▼ 2259.7%-14.2%

FY2024$435.0M(447M)−$12.0M▲ +93.4%-0.6%

FY2023$575.0M(758M)−$183.0M▼ 206.4%-10.6%

FY2022$619.0M(447M)$172.0M▼ 60.3%9.4%

FY2021$638.6M(205M)$433.7M▼ 1.1%28.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PAM · P/FCF · FCF yield · FCF per share

Pampa Energía S.A. (PAM) reported negative free cash flow of −$0.28B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PAM · cash flow statement · operating / investing / financing

For FY2025, Pampa Energía S.A. generated $684.6M in operating cash flow and spent 968M in capital expenditures, yielding −$283.2M in free cash flow.

Operating Activities

+$684.6M

Cash from core business operations

2025-12-31

Investing Activities

−$410.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$157.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($684.6M) − |CapEx| (968M) = FCF (−$283.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

PAM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Pampa Energía S.A.YOU

PAM

−$283.2M-2259.7%-14.2%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Pampa Energía S.A. (PAM) reported free cash flow of −$283.2M for FY2025 (fiscal year ending 2025-12-31), down 2259.7% year-over-year. The FCF margin was -14.2%.

Based on available data, Pampa Energía S.A. has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $438.4M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PAM free cash flow · 8 questions

Pampa Energía S.A. free cash flow was −$283.2M for FY2025, down 2259.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$582.1M.

PAM free cash flowPAM FCFPAM FCF 2025PAM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Pampa Energía S.A. · Pampa Energía S.A. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026