YPF Sociedad Anonima ADR earnings beat by $0.47, revenue topped estimates

YPF reported Q3 capital spending of $1.3B, up 26% YoY, and reaffirmed its full-year target of $5.8B-$6.2B. Refinery throughput averaged 344K barrels/day, down 2% QoQ but up 5% YoY. Domestic fuel volumes fell 4% sequentially but rose 2% YoY, with a 58% market share. Adjusted EBITDA margins expanded to $32/barrel. Free cash flow was supported by $2.5B EBITDA and $175M from M&A. YPF issued a $1.2B bond and repurchased $530M of bonds.

Crude oil rose 2% on 30 October 2026, hitting a six-month high after a tanker attack in the Strait of Hormuz. Petrobras gained 0.68% to $22.05, while Ecopetrol and YPF fell. The USO fund closed at $168.83, up 0.38%. Political and geopolitical factors influenced Latin American oil shares.

YPF, an Argentine oil company, reported a net profit of US$1.196 billion for Q3 2026, reversing a US$198 million loss from the same period in 2025. Revenue rose 41% year-over-year to US$6.557 billion. Adjusted EBITDA increased 84% to US$2.503 billion. The company reduced its net debt by 31% to US$6.596 billion and announced asset sales totaling US$998 million.

YPF, Argentina's national oil company, plans to seek RIGI investment benefits for a major upstream oil project in Vaca Muerta, with a $44bn capex over 26 years. The project aims for 270,000b/d of oil and 28Mm3/d of gas. YPF also expects to accelerate development in 2027 due to higher crude prices. The company reported a 32% year-on-year rise in shale oil output and a 41% increase in revenue to $6.56bn in 3Q26.

YPF SA reported Q3 2026 revenue of $6.6B, up 41% YoY, with adjusted EBITDA of $2.5B, 84% higher than last year. Shale oil production grew 32% YoY to 224,000 bpd. Free cash flow was $901M, and net leverage ratio dropped to 0.81x. The company acquired full control of YPF Luz for $430M and is advancing the Argentina LNG project with a $6B financing proposal. Conventional oil production declined 47% YoY, and domestic fuel sales volumes fell 4% QoQ.

YPF reported Q3 2026 earnings, highlighting a 26% increase in CapEx to $1.3B, with 70% allocated to shale operations. The company expects to meet its full-year CapEx target of $5.8B-$6.2B. YPF also announced progress on its RIGI projects, a $430M acquisition of YPF Luz, and asset sales totaling $2.2B. Free cash flow reached $901M, the second highest in company history, with a net leverage ratio of 0.81x.