<SEC-DOCUMENT>0001292814-25-003823.txt : 20251106
<SEC-HEADER>0001292814-25-003823.hdr.sgml : 20251106
<ACCEPTANCE-DATETIME>20251106171850
ACCESSION NUMBER:		0001292814-25-003823
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20251106
DATE AS OF CHANGE:		20251106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pampa Energy Inc.
		CENTRAL INDEX KEY:			0001469395
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34429
		FILM NUMBER:		251459596

	BUSINESS ADDRESS:	
		STREET 1:		MAIPU 1
		CITY:			CITY OF BUENOS AIRES
		STATE:			C1
		ZIP:			C1084ABA
		BUSINESS PHONE:		54-11-4809-9500

	MAIL ADDRESS:	
		STREET 1:		MAIPU 1
		CITY:			CITY OF BUENOS AIRES
		STATE:			C1
		ZIP:			C1084ABA
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pam20251106_6k.htm
<DESCRIPTION>6-K
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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>UNITED STATES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Washington, D.C.
20549</B></P>

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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>FORM 6-K</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>REPORT OF FOREIGN
ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>SECURITIES EXCHANGE
ACT OF 1934</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>For the month of&nbsp;November,
2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>(Commission File
No. 001-34429),</B></P>

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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>PAMPA ENERGIA S.A.<BR>
(PAMPA ENERGY INC.)</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Argentina</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><I>(Jurisdiction of
incorporation or organization)</I></P>

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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Maip&uacute; 1<BR>
C1084ABA<BR>
City of Buenos Aires<BR>
Argentina</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><I>(Address of principal
executive offices)</I></P>

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 25%; color: #A0A0A0">

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">(Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)<BR>
<BR>
Form 20-F ___X___ Form 40-F ______</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center; background-color: white">(Indicate
by check mark whether the registrant by furnishing the<BR>
information contained in this form is also thereby furnishing the<BR>
information to the Commission pursuant to Rule 12g3-2(b) under<BR>
the Securities Exchange Act of 1934.)<BR>
<BR>
Yes ______ No ___X___</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">(If &quot;Yes&quot;
is marked, indicate below the file number assigned to the<BR>
registrant in connection with Rule 12g3-2(b): 82- .)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>



<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;&nbsp;</P>

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<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="background-color: white">This Form 6-K
for Pampa Energ&iacute;a S.A. (&ldquo;Pampa&rdquo; or the &ldquo;Company&rdquo;) contains:</FONT></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="word-spacing: 0px; background-color: white"><B>Exhibit
1: </B></FONT><A HREF="ex99-1.htm">Letter dated November 6, 2025 entitled <I>&ldquo;NOTICE OF FULL REDEMPTION TO HOLDERS OF 9.500% NOTES
DUE 2026.&rdquo;</I></A></P>


<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><I></I></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><U><BR>
SIGNATURE</U></B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white"></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">Date:&nbsp;November 6, 2025</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Pampa Energ&iacute;a S.A.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 72%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">/s/&nbsp;Gustavo Mariani</P>
<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: #A0A0A0"></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Name:&nbsp;Gustavo Mariani</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title:&nbsp;&nbsp;&nbsp;Chief Executive Officer</P></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>FORWARD-LOOKING
STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; background-color: white">This press release may contain
forward-looking statements. These statements are statements that are not historical facts, and are based on management's current
view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words &quot;anticipates&quot;,
&quot;believes&quot;, &quot;estimates&quot;, &quot;expects&quot;, &quot;plans&quot; and similar expressions, as they relate to
the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends,
the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations
and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements.
Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee
that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including
general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors
could cause actual results to differ materially from current expectations.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>
<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><I>&nbsp;</I></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
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<P STYLE="font: 12pt/115% Times New Roman,serif; margin: 0 0 12pt; text-align: center"><B>PAMPA ENERG&Iacute;A S.A.</B></P>

<P STYLE="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: center"><B>NOTICE OF FULL REDEMPTION<BR>
TO HOLDERS OF 9.500% NOTES DUE 2026 </B></P>

<P STYLE="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman,serif; margin: 0; text-align: right">November 6, 2025</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Security Identifiers<FONT STYLE="font-family: Times New Roman,serif; font-size: 12pt"><SUP>1</SUP></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="width: 32%; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>CUSIPs</B></TD>
    <TD STYLE="width: 37%; border-bottom: Black 1pt solid; font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>ISINs</B></TD>
    <TD STYLE="width: 31%; border-bottom: Black 1pt solid; font: 12pt Times New Roman,serif; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>Common Codes</B></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B>144A</B>: 697660AD0</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B>Reg S</B>: P7464EAH9</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B>144A</B>: US697660AD09</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B>RegS</B>:&nbsp;USP7464EAH91</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B>144A</B>: 250475802</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B>Reg S</B>: 250475845</P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="letter-spacing: 0.1pt">NOTICE
IS HEREBY GIVEN that, pursuant to the terms and conditions of the above-referenced 9.500% Notes due 2026 (the &ldquo;<U>Notes</U>&rdquo;),
Pampa Energ&iacute;a S.A. (the &ldquo;<U>Company</U>&rdquo;) has elected to redeem in full the outstanding principal amount of Notes on
December 8, 2025 (the &ldquo;<U>Redemption Date</U>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Pursuant to <U>Section 3.01</U> of
the Indenture, the Notes will be redeemed at a redemption price of 100% of the principal amount of the Notes (U.S.$1,000.00 per U.S.$1,000
principal amount of the Notes) <I>plus</I> accrued and unpaid interest, if any, on the Notes to (but not including) Redemption Date, together
with Additional Amounts (as defined in the Indenture (as defined below)), if any, on the principal amount of the Notes and on such accrued
and unpaid interest (the &ldquo;<U>Redemption Price</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="letter-spacing: -0.1pt">Payment
on the Notes will be made on the Redemption Date by payment of the Redemption Price on the Business Day prior to the Redemption Date to
the account of The Bank of New York Mellon, as paying agent under the Notes (the &ldquo;<U>Paying Agent</U>&rdquo;) pursuant to the indenture
(the &ldquo;<U>Indenture</U>&rdquo;) entered into by and among the Company, as issuer, The Bank of New York Mellon, as trustee (the &ldquo;<U>Trustee</U>&rdquo;),
paying agent, registrar and transfer agent, and Banco Santander Argentina S.A., as Argentine registrar and transfer agent, Argentine paying
agent and representative of the Trustee in Argentina (the &ldquo;<U>Trustee&rsquo;s Representative in Argentina</U>&rdquo;), dated as
of August 8, 2022. Following receipt of the Redemption Price, the Paying Agent will cause funds to be paid on the Redemption Date to CEDE
&amp; CO. (as the registered holder of the Notes) for further payment to DTC&rsquo;s participants. This notice is given by the Company
pursuant to <U>Sections 3.03</U> and <U>10.02</U> of the Indenture.</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">On the Redemption Date, all Notes
will become due and payable at the Redemption Price and, on and after the Redemption Date, as long as the Company has deposited with the
Paying Agent funds in satisfaction of the Redemption Price, interest will cease to accrue on the Notes. Upon the redemption, the Notes
will be cancelled and any obligation thereunder extinguished.</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt"><SUP>1</SUP></FONT>
No representation is being made as to the correctness of any CUSIP, ISIN or common code number either as printed on the Notes or as contained
in this notice of redemption and each holder should rely only on the other identification numbers printed on the Notes.</P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Notes are to be surrendered for redemption
at the corporate trust office at the address listed below, or the office of the <U>Trustee&rsquo;s Representative in Argentina</U> located
in the City of Buenos Aires, provided that any notes held in global form will be surrendered in accordance with the policies and procedures
of the Depositary (as defined in the Indenture). Notes called for redemption must be so surrendered in order to collect the Redemption
Price.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><U>Paying Agent Address for Redemptions</U>:</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 2in; text-align: justify">BNY Corporate Trust</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 2in; text-align: justify">Attention: Transfers/Redemptions</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 2in; text-align: justify">500 Ross Street, Suite 625</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 2in; text-align: justify">Pittsburgh, PA 15262</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Payment of the Redemption Price will
made in accordance with the Depositary&rsquo;s applicable procedures.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 1in">For more information or if you
have any questions regarding this notice, please contact the Company by reaching out to <FONT STYLE="color: #3265FF"><U>investor@pampa.com</U></FONT>.</P>





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