The Argentine state-owned oil company YPF closed the first nine months of the year with attributable net profit of 2.786 billion dollars (2.494 billion euros), thus reversing the losses of 172 million dollars (154 million euros) recorded in the same period of the previous fiscal year.
In that interval, the company’s revenue advanced 30.1%, to 18.077 billion dollars (16.185 billion euros), while operating, marketing, administrative and exploration costs grew 5.7%, to stand at 13.465 billion dollars (12.056 billion euros).
YPF’s gross operating result (Ebitda) rose to 7.087 billion dollars (6.345 billion euros), while net debt was reduced to 6.596 billion dollars (5.906 billion euros), which represents a year-on-year increase of 97.8% in the first case and a decrease of 31.3% in the second.
Despite the improvement in the main financial figures, the company’s combined hydrocarbon production fell 1.2%, to 533.8 kboe/d (thousands of barrels of oil equivalent per day). Of that figure, 265.9 kbbl/d (thousands of barrels per day) corresponded to crude oil, 35.5 mm3/d (millions of cubic meters per day) to natural gas and 44.5 kbbl/d to liquefied natural gas (LNG).
As for the third quarter, YPF posted profits of 1.196 billion dollars (1.071 billion euros), compared with the red figures of 206 million dollars (184.4 million euros) a year earlier. Quarterly revenue reached 6.557 billion dollars (5.871 billion euros), which represents a year-on-year increase of 41.2%.
"[Third-quarter] net income was [...] stable quarter to quarter, mainly due to the lower local fuel price, especially diesel," the company explained, noting that in the second quarter of 2026 there were extraordinary diesel sales to other refineries and that this hydrocarbon was subject to seasonal factors.
YPF also noted that the evolution of revenue was affected by the decline in crude oil exports and by the fall in the price of Brent crude. Even so, these pressures were "largely offset" by the increase in seasonal natural gas sales in the Argentine domestic market and by the rebound in exports of gasoline, naphtha and grains and flour.