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YPF

YPF Sociedad Anónima

YPF

YPF Sociedad Anónima • NYSE
$36.82 ▲ 2.11% (+0.76)
Market Cap $14.45 B
52w High $47.43
52w Low $22.82
Dividend Yield 0%
P/E -31.2
Volume 960.05K
Outstanding Shares 392.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.667T ▲ $1.025T ▲ $-276.383B ▼ -4.145% ▼ $-731.24 ▼ $2.007T ▲
Q2-2025 $4.641B ▼ $761M ▼ $50M ▲ 1.077% ▲ $0.13 ▲ $398M ▼
Q1-2025 $4.97T ▲ $1.172T ▲ $-17.257B ▲ -0.347% ▲ $-43.14 ▲ $325.728B ▼
Q4-2024 $4.9T ▼ $1.531B ▼ $-310.469B ▼ -6.336% ▼ $-772.5 ▼ $333.818B ▼
Q3-2024 $4.978T $739.172B $1.393T 27.992% $3.599K $1.436T

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.453T ▲ $42.301T ▲ $25.658T ▲ $16.326T ▲
Q2-2025 $1.011B ▼ $29.015B ▼ $17.091B ▼ $11.691B ▼
Q1-2025 $1.327T ▼ $32.049T ▲ $19.096T ▲ $12.522T ▲
Q4-2024 $1.553T ▲ $30.273T ▲ $18.047T ▲ $12.002T ▲
Q3-2024 $1.16T $27.924T $16.141T $11.58T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-276.383B ▼ $1.517T ▲ $-2.425T ▼ $1.078T ▲ $29.764B ▲ $-59.273B ▲
Q2-2025 $66.136B ▲ $1.202T ▲ $-1.521T ▼ $130.599B ▲ $-187.993B ▼ $-385.451B ▼
Q1-2025 $-10M ▲ $850M ▼ $-1.383B ▲ $354M ▼ $-180M ▼ $-355M ▼
Q4-2024 $-284M ▼ $1.663B ▼ $-1.401T ▼ $105.496B ▲ $302.745B ▲ $185.98B ▲
Q3-2024 $1.393T $1.31T $-1.344T $-110.164B $-98.579B $-73.359B

Five-Year Company Overview

Income Statement

Income Statement YPF’s income statement shows a company that has grown very quickly but with a bumpy ride. Sales have expanded several‑fold over the last five years, reflecting both higher activity and Argentina’s inflation/currency dynamics. Profitability has improved over the long run, moving from losses to solid profits recently, but the path has been inconsistent: there was a strong setback in the prior year before a very sharp rebound to one of the best profit years on record. Operating earnings and net income are clearly sensitive to oil and gas prices, local regulations, and one‑off charges. In short, YPF today looks much larger and more profitable than five years ago, but with a history of pronounced swings in results that signals elevated earnings volatility and macro dependence.

Balance Sheet

Balance Sheet The balance sheet has expanded dramatically, with total assets, debt, and equity all rising strongly. On the positive side, YPF now has a much larger asset base and a meaningfully thicker equity cushion than a few years ago, which provides more scale and financial substance. Cash balances have also grown, suggesting better liquidity than in the past. On the risk side, debt has climbed alongside the growth push, so leverage remains an important factor to watch, especially given Argentina’s financial conditions and currency issues. Overall, the company has bulked up and strengthened its capital base, but it is also carrying more financial obligations, making disciplined balance sheet management crucial.

Cash Flow

Cash Flow Cash generation from the core business has improved markedly over time. Operating cash flow is now several times higher than it was five years ago, indicating that the underlying operations are throwing off much more cash. However, YPF is reinvesting heavily: capital spending has risen steeply, especially in the most recent year, largely absorbing that cash inflow. Free cash flow stays positive but relatively modest compared with the size of the business because so much is plowed back into projects like Vaca Muerta and infrastructure. This pattern points to a growth‑driven strategy that depends on continued strong operating cash flow and stable access to financing to sustain high investment levels.

Competitive Edge

Competitive Edge YPF holds a very strong domestic position as Argentina’s leading integrated energy company, with activities spanning exploration, production, refining, logistics, and retail. This full value chain gives it scale advantages, better control over supply, and some ability to smooth margins across different parts of the business. Its early and deep involvement in the Vaca Muerta shale play provides a key strategic asset and know‑how that are not easy to replicate quickly. Well‑known fuel and lubricant brands add recognition and customer loyalty at the pump. At the same time, the company operates in a challenging environment: government pricing and export rules, currency controls, and macro instability can all constrain its ability to fully benefit from its resource base. Competition from international majors in Vaca Muerta and long‑term pressure from the global energy transition also shape its strategic landscape.

Innovation and R&D

Innovation and R&D YPF appears unusually innovation‑focused for a traditional oil and gas company. Its technical edge in Vaca Muerta is supported by advanced drilling systems, sophisticated completion technologies, and a real‑time data center that helps optimize wells and cut costs. The Y‑TEC research arm, in partnership with Argentina’s scientific community, acts as the company’s technology engine, working not only on better hydrocarbon recovery but also on new fronts such as lithium extraction, hydrogen, and cleaner energy solutions. YPF Luz pushes into wind and solar power, while joint ventures like Santa Fe Bio target next‑generation biofuels, including sustainable aviation fuel. On the customer side, premium fuel and lubricant brands and ongoing digital projects aim to differentiate the retail offer. The opportunity is to translate this innovation pipeline into durable cost and product advantages; the risk lies in execution, capital discipline, and navigating the shift from fossil fuels to low‑carbon businesses.

Summary

YPF today is a much larger, more cash‑generative company than it was five years ago, with a stronger equity base and a flagship position in one of the world’s key shale basins. Financial performance has improved significantly over the long run but remains volatile, reflecting exposure to Argentina’s macro environment, regulation, and commodity cycles. Heavy reinvestment in upstream projects and infrastructure underscores a growth‑oriented strategy supported by better operating cash flows but also by rising debt. Competitively, YPF benefits from scale, integration, and deep local knowledge, while its technology and R&D efforts—anchored by Y‑TEC, Vaca Muerta know‑how, and expanding renewable and low‑carbon initiatives—suggest a serious attempt to stay relevant through the energy transition. Overall, the profile is that of a domestic champion with meaningful strengths and innovation momentum, balanced by high country risk, earnings volatility, and the challenges of funding and executing an ambitious investment and transition agenda.

NEWS

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