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YPF Sociedad Anonima
(NYSE:YPF)
YPF Sociedad Anonima (YPF) vs. SPDR S&P 500 ETF (SPY)
YPF Sociedad Anonima Business Overview & Revenue Model
YPF Sociedad Anonima Earnings Call Summary
YPF Sociedad Anonima Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.28B | 17.90T | 5.48T | 2.53T | 1.32T |
| Gross Profit | 4.94B | 4.94T | 969.46B | 650.78B | 294.87B |
| EBITDA | 5.05B | 3.90T | 1.08T | 631.62B | 367.45B |
| Net Income | -826.00M | 2.08T | -1.56T | 289.06B | 257.00M |
Balance Sheet | |||||
| Total Assets | 29.44B | 30.27T | 17.96T | 4.59T | 2.39T |
| Cash, Cash Equivalents and Short-Term Investments | 1.20B | 1.55T | 995.29B | 193.36B | 113.69B |
| Total Debt | 11.15B | 9.98T | 6.35T | 1.36T | 812.84B |
| Total Liabilities | 18.39B | 18.05T | 11.47T | 2.72T | 1.54T |
| Stockholders Equity | 10.81B | 12.00T | 6.42T | 1.85T | 839.89B |
Cash Flow | |||||
| Free Cash Flow | -118.00M | 477.00M | -7.57B | 204.53B | 165.21B |
| Operating Cash Flow | 4.96B | 5.87B | 1.58T | 736.66B | 400.01B |
| Investing Cash Flow | -5.53B | -5.51B | -1.55T | -523.02B | -243.99B |
| Financing Cash Flow | 517.00M | -293.00M | 249.65B | -157.10B | -150.66B |
YPF Sociedad Anonima Technical Analysis
YPF Sociedad Anonima Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $113.47B | 3.80 | 27.02% | 14.10% | -11.63% | -15.67% | |
71 Outperform | $9.15B | 10.05 | 21.09% | 2.57% | 28.56% | 593.72% | |
67 Neutral | $28.47B | 12.89 | 11.20% | 18.88% | -7.45% | -28.80% | |
67 Neutral | $88.07B | 12.11 | 3.33% | 7.43% | 1.53% | -35.81% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $74.84B | 19.50 | 5.20% | 5.41% | -3.84% | 15.75% | |
57 Neutral | $15.81B | -17.14 | -2.22% | ― | -2.76% | 56.81% |
YPF Sociedad Anonima Corporate Events
Between March 3 and March 9, 2026, YPF repurchased Class XXX notes for 49.8 billion Argentine pesos, equivalent to a par value of $35.5 million, and will keep these securities in its portfolio. The peso‑denominated buyback, executed at an average 98.83% of nominal value on notes maturing in July 2026, trims a portion of the $389 million originally issued in 2024–2025 and signals ongoing active management of the company’s short‑term debt profile.
The repurchased Class XXX notes were first placed in July 2024 for $185 million and expanded in April 2025 by an additional $204 million under YPF’s frequent issuer framework. By partially retiring this series ahead of maturity and at a modest discount, YPF appears to be seeking to optimize funding costs and balance sheet structure, a move that may modestly reduce refinancing risk and interest expense for bondholders and other stakeholders.
The most recent analyst rating on (YPF) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On March 2026, YPF Sociedad Anónima filed its Form 6-K with U.S. regulators, providing consolidated financial statements for the fiscal years ended December 31, 2025, 2024 and 2023 in both U.S. dollars and Argentine pesos. The extensive filing outlines the group’s financial position, performance and cash flows, along with detailed notes covering segment information, risk management, capital structure and regulatory exposure, giving investors comprehensive visibility into the company’s recent financial evolution and operating environment.
The documentation also catalogs key elements such as acquisitions and disposals, major provisions, contingent liabilities, contractual commitments and subsequent events after year-end 2025. By consolidating these disclosures in a single submission, YPF enhances transparency for debt and equity holders, clarifying the impact of Argentina’s macroeconomic context and sector regulations on its balance sheet resilience, earnings profile and long-term obligations.
The most recent analyst rating on (YPF) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On February 26, 2026, YPF’s board approved the company’s consolidated financial statements for the year ended December 31, 2025, reporting a net loss of Ps. 1,048,272 million but total comprehensive income of Ps. 3,794,721 million under IFRS. As of year-end 2025, total shareholders’ equity stood at Ps. 16,018,983 million, including Ps. 15,685,217 million attributable to shareholders and Ps. 333,766 million to non-controlling interests.
At the same February 26, 2026 meeting, the board proposed to the shareholders’ meeting a comprehensive reclassification of reserves, including fully releasing existing investment and treasury share reserves and absorbing accumulated losses of Ps. 1,096,460 million. The plan also includes creating a new Ps. 38,468 million reserve for potential share buybacks to fund share-based benefit plans and an Ps. 8,415,450 million investment reserve, moves that aim to strengthen the balance sheet and support future capital deployment while maintaining state control through the Ministry of Economy’s Secretary of Energy.
The most recent analyst rating on (YPF) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
YPF reported its full-year 2025 and fourth-quarter 2025 results to the Argentine securities regulator on February 26, 2026, showing slightly lower annual revenues but higher adjusted EBITDA and a return to net losses after a profitable 2024. The company ended 2025 with increased net debt and leverage, while still generating positive fourth-quarter free cash flow and moderating annual capital expenditures.
Operationally, YPF’s 2025 hydrocarbon production declined modestly, driven mainly by lower natural gas volumes and prices, even as crude oil output and shale oil production grew strongly year over year. Refining and downstream performance improved, with higher crude processing, refinery utilization near full capacity in the fourth quarter, and increased local fuel sales, underscoring YPF’s stronger downstream positioning despite upstream and pricing headwinds.
The most recent analyst rating on (YPF) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On February 26, 2026, YPF informed Argentine market authorities of a change in its first-level organizational structure, confirming the appointment of Ariel Polotnianka as Chief Audit Officer on a permanent basis. The decision, which follows an earlier material event disclosed on August 18, 2025, formalizes Polotnianka’s leadership over the audit function, signaling continuity and potentially strengthening YPF’s internal control and corporate governance framework for investors and regulators.
The most recent analyst rating on (YPF) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On February 18, 2026, YPF reported that its January 16, 2026 agreement to assign 100% of the conventional exploitation concession over the Manantiales Behr area in Chubut to Limay Energía became null and void on February 13, 2026 because the buyer failed to make the required initial funding contribution, leaving no outstanding obligations between the parties. The board the same day approved new agreements with Pecom Servicios Energía (51%) and affiliate San Benito Upstream (49%) to acquire the Manantiales Behr conventional concession, related hydrocarbon transport pipelines and part of the warehouse material stock, for a total price of US$410 million plus a contingent amount of up to US$40 million, with staged payments over up to 24 months and closing subject to conditions including authorization from the Chubut provincial executive, affecting an area that produced about 25 kbbl/d of oil and 0.4 million m3/d of gas at end-2025.
The most recent analyst rating on (YPF) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On February 12, 2026, YPF announced it has signed a binding Joint Development Agreement with Eni and XRG to advance the Argentina LNG project, an integrated gas and liquefaction venture centered on unlocking the Vaca Muerta shale basin. The same day, YPF also disclosed that its earlier Project Development Agreement with Shell Argentina, signed in December 2024, has been terminated, signaling a reshaping of the project’s partner lineup.
The Argentina LNG development is planned to deliver 12 million tons per annum of LNG via two floating liquefaction units and associated production, processing, transport and export infrastructure. Under the new agreement, the partners will move into front-end engineering design and related technical, commercial and financing workstreams, positioning Argentina to become a major long-term LNG exporter and potentially altering the country’s role in global gas markets and its investment and employment outlook.
YPF’s CEO highlighted that XRG’s formal inclusion alongside Eni brings two world-class partners into the project and aims to support reaching a final investment decision in the second half of 2026. Executives from Eni and XRG framed Argentina LNG as one of the most promising global gas opportunities, emphasizing technological leadership, strategic vision and the ambition to supply reliable, flexible energy to international markets while creating long-term value for local communities.
The most recent analyst rating on (YPF) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On February 11, 2026, YPF announced that it will carry out an early redemption of its Class XXIX notes, originally issued on May 28, 2024, with an initial nominal value of US$177.7 million and scheduled to mature on May 28, 2026. The notes, which bear a fixed annual interest rate of 6%, were issued under the company’s frequent issuer program in the Argentine capital market.
The company will redeem the full outstanding principal of the Class XXIX notes on February 27, 2026, at par plus accrued interest from November 28, 2025, to February 27, 2026, payable in U.S. dollars through Caja de Valores S.A. After the redemption date, interest on the redeemed securities will cease to accrue, effectively closing out this tranche of YPF’s local market funding and adjusting its debt profile ahead of the original maturity.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On February 1, 2026, YPF entered into agreements with Vista Energy to expand its interests in key unconventional hydrocarbon blocks in Argentina’s Vaca Muerta formation. The company agreed to acquire 16.3% of Equinor Argentina S.A.U., giving it an additional indirect 4.9% working interest in the Bandurria Sur block and raising its total stake there to 44.9%, and to purchase a 15% working interest in the Bajo del Toro and Bajo del Toro Norte blocks, lifting its participation in those areas to 65%. The combined price for these transactions is about US$163.2 million, plus a closing adjustment and a contingent component. Bandurria Sur, a 35‑year unconventional exploitation concession awarded in 2015 and operated by YPF, produced 84,900 barrels of oil equivalent per day on a 100% basis in the third quarter of 2025, while Bajo del Toro Norte, also a 35‑year concession operated by YPF and awarded in 2021, produced 3,600 barrels of oil equivalent per day, underscoring the strategic importance of these assets in consolidating YPF’s position as a dominant player in Argentina’s shale oil sector.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
At a board meeting held on January 30, 2026, YPF’s Board of Directors took note of the Argentine National State, through the Secretariat of Energy in the Ministry of Economy, appointing Manuel Adorni as a Class A director representing the state’s shareholding, with Adorni waiving any director’s fees. In the same meeting, the board accepted the resignations, for personal reasons, of Class D directors Eduardo Javier Rodríguez Chirillo and José Rolandi, and the Class D Supervisory Committee designated Guillermo Francos and Martín Maquieyra as new Class D directors to serve until the next shareholders’ meeting elects a renewed board, marking a notable reshuffle in state-linked representation on YPF’s governing body.
The most recent analyst rating on (YPF) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On January 22, 2026, YPF Sociedad Anónima reported a change in its board of directors following the previously disclosed December 11, 2025 resignation of Class D regular director Marilina Jaramillo. At a meeting held the same day, the Class D Supervisory Committee appointed José Daniel Álvarez as the new Class D regular director to replace Jaramillo, with his mandate lasting until the next shareholders’ meeting elects new directors. The move ensures continuity of representation for Class D shareholders and maintains the company’s governance structure in line with Argentine securities market regulations.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On January 22, 2026, YPF Sociedad Anónima signed an agreement with Pluspetrol S.A. to exchange 44.44% of the shares of Vaca Muerta Inversiones S.A.U. held by YPF for Pluspetrol’s 50% stakes in the Las Tacanas, Meseta Buena Esperanza and Aguada Villanueva areas in the province of Neuquén, giving YPF full ownership of these three blocks. Vaca Muerta Inversiones, now wholly owned by YPF, holds a 45% interest in the joint operation and joint venture for the La Escalonada and Rincón La Ceniza blocks, and the asset swap, which is subject to customary closing conditions and involves no significant immediate income or expenditure for either YPF or Pluspetrol, effectively consolidates YPF’s position in key Neuquén acreage while simplifying its partnership structure in the region.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On January 16, 2026, YPF signed two agreements with Limay Energía S.A., a Rovella Capital Group company, to transfer 100% of its conventional exploitation concession in the Manantiales Behr area and associated hydrocarbon transport concessions in the Province of Chubut, as well as to sell related inventory from its Manantiales Behr and Km 20 warehouses, for a total consideration of US$575 million plus VAT, with 60% payable at closing and the remainder within 12 months, subject to provincial executive approval. The divestment, involving an area that at the end of the third quarter of 2025 was producing about 25,000 barrels of oil per day and 0.5 million cubic meters of natural gas per day, is a key element of YPF’s 4×4 Plan to optimize its conventional upstream portfolio and reallocate capital toward unconventional assets, signaling a strategic shift intended to sharpen operational focus and potentially improve returns for the company and its stakeholders.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On January 7, 2026, YPF Sociedad Anónima repurchased 20.6 billion Argentine pesos of its Class XXI notes, equivalent to US$14 million in par value, which were originally issued in January 2023 under its frequent issuer program and mature in January 2026. The buyback, executed at an average price of 99.89% of nominal value and to be held in the company’s portfolio, underscores YPF’s active management of its short-term debt profile and may modestly strengthen its balance sheet and liquidity position ahead of the notes’ upcoming maturity, with implications for bondholders’ outstanding float and the company’s funding strategy in local markets.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On December 23, 2025, YPF Sociedad Anónima repurchased a portion of its Class XXI Notes, originally issued in January 2023 under its frequent issuer program and maturing in January 2026, for a total of ARS 7.65 billion, equivalent to a par value of US$5.27 million, at an average price of 99.73% of nominal value. The repurchased notes will be held in the company’s portfolio, a move that fine-tunes its near-term debt profile ahead of the 2026 maturity and may slightly reduce future interest obligations while signaling active balance-sheet management to creditors and investors.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On December 18, 2025, YPF Sociedad Anónima announced that it had completed the sale of its entire shareholding in Profertil S.A. to Agro Inversora Argentina S.A., part of the Adecoagro Group, after all conditions precedent were fulfilled and on terms previously communicated to the market. The company indicated that the final economic impact of this divestment will be disclosed with its financial statements for the year ended December 31, 2025, signaling a portfolio adjustment whose full financial and strategic implications for YPF and its stakeholders will only become clear once those results are published.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.
On December 12, 2025, YPF Sociedad Anónima accepted an offer from Agro Inversora Argentina S.A., part of the Adecoagro group, to sell its 50% stake in Profertil S.A. for $635 million. This transaction involves the sale of over 391 million Class B shares and is subject to certain conditions precedent, potentially impacting YPF’s financial strategy and market positioning.
The most recent analyst rating on (YPF) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on YPF Sociedad Anonima stock, see the YPF Stock Forecast page.