YPF Sociedad Anónima Reports Q1 2025 Financial Results

Ypf Sociedad Anonima ( (YPF) ) has released its Q1 earnings. Here is a breakdown of the information Ypf Sociedad Anonima presented to its investors.

YPF Sociedad Anónima is Argentina’s largest energy company, operating across the oil and gas value chain with significant involvement in upstream production, downstream refining, and gas and power distribution. In the first quarter of 2025, YPF reported consolidated revenues of $4.6 billion, a slight decrease from the previous quarter but a year-over-year increase of 7%. The company achieved an adjusted EBITDA of $1.245 billion, marking a 48% increase from the previous quarter, largely driven by higher fuel prices and operational efficiencies.

Key financial highlights include a net loss of $10 million, a significant improvement from the $284 million loss in the previous quarter, and a 12% increase in net debt to $8.336 billion. The company’s upstream segment saw a 6% increase in hydrocarbon production, with shale oil production rising by 31% year-over-year. YPF also made strategic progress in its mature fields exit program and continued development of its Argentina LNG project.

In the downstream segment, YPF reported a 3% decrease in revenues due to seasonal factors affecting diesel demand and a decline in oil exports. However, the company maintained a strong refinery utilization rate of 94% and achieved a 36% increase in adjusted EBITDA, supported by higher local fuel prices. The company also advanced several infrastructure projects, including new fuel specifications and pipeline expansions.

Looking ahead, YPF remains focused on optimizing its asset portfolio and enhancing operational efficiencies. The company anticipates a return to a net leverage ratio between 1.5x and 1.6x following the completion of its mature fields transaction, and continues to invest in strategic projects to support future growth.