YPF SOCIEDAD ANONIMA (YPF) Company Report

YPF Sociedad Anónima, alongside Vista Energy Lach S.A., Shell Argentina S.A., and Equinor Argentina SAU, has contracted with Empresa Nacional de Petróleo de Chile (ENAP) for the export of shale oil from the Vaca Muerta formation.
These agreements are valid until June 2033 and include an initial combined volume of up to 70,000 barrels per day.
YPF's specific supply agreement with ENAP provides for the export of approximately 32,000 barrels per day of unconventional oil, equivalent to 45.45% of the total volume.
The contracts are estimated to generate $12 billion in revenues for Argentina over their term.

4 days ago

YPF SOCIEDAD ANONIMA Reports Q3 2025 Financial Results and Legal Updates

YPF

Earnings

Legal Proceedings

For the nine-month period ended September 30, 2025, YPF SOCIEDAD ANONIMA reported a net loss of $150 million on revenues of $13,892 million, compared to a net profit of $2,677 million on revenues of $14,542 million for the same period in 2024. Basic and diluted earnings per share for the nine-month period ended September 30, 2025, was a loss of $0.44, compared to a profit of $6.73 in the prior year period.
As of September 30, 2025, total assets were $29,569 million and total shareholders' equity was $11,634 million, compared to total assets of $29,391 million and total shareholders' equity of $11,870 million as of December 31, 2024.
Net cash flows from operating activities for the nine months ended September 30, 2025, were $3,221 million, a decrease from $4,206 million in the prior year period. The company used $4,303 million in investing activities and generated $871 million from financing activities during the same period.
In a significant legal development, the District Court had ordered the Republic to transfer its Class D and Class A shares of YPF to plaintiffs by June 30, 2025. However, the Court of Appeals granted a stay pending appeal of these turnover orders on August 15, 2025.

Nov 14, 2025, 9:31 PM

YPF Sociedad Anónima Reports Q3 2025 Results with Increased Adjusted EBITDA and Shale Production

YPF

Earnings

New Projects/Investments

M&A

YPF Sociedad Anónima reported revenues of US$4,643 million and Adjusted EBITDA of US$1,357 million in Q3 2025, with Adjusted EBITDA increasing 21% quarter-over-quarter.
The company recorded a net loss of US$198 million for the quarter, primarily due to a US$537 million negative income tax charge.
Free Cash Flow (FCF) was negative US$759 million, largely influenced by the US$523 million acquisition of shale assets. This acquisition contributed to an increase in net debt to US$9,595 million and a net leverage ratio of 2.1x.
Operationally, shale oil production grew by 35% year-over-year to 170 Kbbl/d, representing 71% of total oil production, while lifting costs significantly dropped by 45% year-over-year to US$8.8/boe due to the divestment of mature fields and increased shale output. Capital expenditures (CAPEX) totaled US$1,017 million, with 70% allocated to the unconventional business.

Nov 7, 2025, 9:44 PM

YPF acquires remaining stake in Refinor

YPF

M&A

New Projects/Investments

YPF Sociedad Anónima (YPF) acquired the remaining 50% of Refinería del Norte S.A. (Refinor) on October 28, 2025, making Refinor a wholly-owned subsidiary.
The total price for this acquisition was US$25,200,000.
As of June 30, 2025, YPF reported sales credits and accounts receivable with Refinor totaling $8,478,527,468 and liabilities totaling $1,086,079,722.

Oct 28, 2025, 10:27 PM

YPF Sociedad Anónima approves share buyback program

YPF

Share Buyback

YPF Sociedad Anónima's Board of Directors approved the terms and conditions for the acquisition of its own shares for up to AR$19,056,000,000.
The purpose of this share acquisition is for granting share compensation plans.
The company plans to acquire shares over a 90-calendar-day period, with a daily limit of up to 25% of the average daily trading volume, and the total acquisition shall not exceed 10% of the Company's share capital.
The maximum purchase price is AR$55.45 per share on the ByMA and US$38.80 per ADR in the New York Stock Exchange.
The acquisition will be funded from a reserve for the purchase of the Company's own shares, which amounts to AR$34,205,000,000.