Pampa Energía Reports Strong Sales Growth Amid Profit Decline

Pampa Energia SA (PAM) has released an update.

Pampa Energía reported a 14% increase in sales for Q3 2024, reaching $540 million, driven by higher gas production and improved power generation performance. However, net profit fell by 4% to $146 million, due to lower financial gains and currency devaluation effects. The company also reduced its net debt by $150 million, marking the lowest level in eight years, thanks to strong cash flow from core operations.

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