Pampa Energía S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 09, 2023 at 04:17 pm EST
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Pampa Energía S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was ARS 73,434 million compared to ARS 40,901 million a year ago. Revenue was ARS 73,434 million compared to ARS 40,901 million a year ago. Net income was ARS 22,411 million compared to ARS 4,520 million a year ago. Basic earnings per share from continuing operations was ARS 16.24 compared to ARS 3.27 a year ago. Basic earnings per share was ARS 16.24 compared to ARS 3.27 a year ago.
For the full year, sales was ARS 242,182 million compared to ARS 144,641 million a year ago. Revenue was ARS 242,182 million compared to ARS 144,641 million a year ago. Net income was ARS 64,859 million compared to ARS 27,097 million a year ago. Basic earnings per share from continuing operations was ARS 46.97 compared to ARS 21.94 a year ago. Basic earnings per share was ARS 46.97 compared to ARS 19.29 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.