Quarterly ResultAug 11, 2026, 06:07 AM
YPF 2Q26 Adj. EBITDA $2.8B (Record), Net Result $1.2B
AI Summary
YPF Sociedad Anónima reported record financial and operational results for the second quarter of 2026. Adjusted EBITDA reached an all-time high of US$2,804 million, driven by higher international prices, increased shale production, and record processing levels. The company also posted a strong Net Result of US$1,205 million and generated US$824 million in Free Cash Flow, leading to a significant reduction in its net leverage ratio to 1.09x. Additionally, YPF announced progress on key projects, including the Argentina LNG project with new partners Eni and XRG, and completed a 1-for-10 stock split.
Key Highlights
- Adjusted EBITDA reached a record US$2,804 million, up 76% q/q and 149% y/y.
- Net Result was US$1,205 million, increasing 195% q/q and 1978% y/y.
- Revenues totaled US$6,574 million, up 33% q/q and 42% y/y.
- Shale oil production averaged 213 kbbl/d, up 4% q/q and 47% y/y.
- Free Cash Flow was US$824 million, the third largest in company history.
- Net Leverage Ratio decreased to 1.09x, the lowest level in 11 years.
- Refineries' Utilization Rate reached a record 104%.
- Completed a 1-for-10 stock split in ByMA effective August 4, 2026.
Price Impact
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