Ypf Sociedad Anonima (YPF)
NYSE:YPF
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Earnings Data
Report Date
Aug 07, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.67Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial quarter: record Q1 adjusted EBITDA and margin, robust shale production growth (205k bpd, +39% YoY), meaningful free cash flow generation ($871m) and rapid deleveraging (net leverage 1.57x). Operational efficiency gains (lower lifting costs, drilling/fracturing records) and strategic wins (La Angostura Sur scale, Halliburton electric fracturing, strong LNG project interest and M&A proceeds) dominate the narrative. Key challenges cited—demand softness prompting a temporary fuel passthrough pause, natural gas and conventional volume declines, infrastructure evacuation bottlenecks, and a higher estimated capex for Argentina LNG—are material but appear manageable given the company’s liquidity, deleveraging progress and planned midstream capacity expansions. Overall, positives materially outweigh the negatives.Company Guidance
Revenue Growth
Revenues of $4.95 billion, up 9% quarter-over-quarter and up 7% year-over-year, driven by rising international prices and alignment of domestic gasoline/diesel with international parity.
Record First-Quarter Adjusted EBITDA and Margin
Adjusted EBITDA nearly $1.6 billion—the highest Q1 in company history—with an outstanding margin of 32%, up 24% sequentially and 28% year-over-year.
Strong Free Cash Flow and Deleveraging
Free cash flow of $871 million, an improvement of $1.8 billion year-over-year. Net leverage improved to 1.57x (from 1.9x in Q4'25 and peak 2.1x in Q3'25). Liquidity increased to $1.7 billion (up $500 million during the quarter).
Shale Production Ramp-up
Shale oil production reached 205,000 bpd (76% of total oil production), +5% sequential and +39% year-over-year; on track for ~215,000 bpd full-year target and 250,000 bpd December exit.
La Angostura Sur Breakout
La Angostura Sur grew from ~2,000 bpd to ~55,000 bpd in 18 months (~25x growth), now ~25% of YPF shale output. Economics: breakeven < $40/bbl, lifting cost ~$3/bbl, development ~19%, plateau target ~100,000 bpd.
Material Lifting Cost Reduction
Upstream lifting costs down 42% year-over-year to $8.8/BOE; shale hub lifting costs ~ $4/BOE and La Angostura Sur ~ $3/BOE (pro forma excluding divested assets ~ $8/BOE).
Operational Efficiency Records
Drilling speed 364 m/day (+12% vs 2025); fracturing 11.2 stages per set per day (+15% vs 2025); new fracturing record (110 continuous pumping hours; 52 stages in <5 days); longer laterals (~3,450 m) contributing to faster ramp-up.
Downstream & Midstream Strength
Processing levels at 344,000 bpd (record), +3% QoQ and +8% YoY; refinery utilization ~102%; Q1 mid/downstream adjusted EBITDA margin $19.1/boe, improving to ~$24/boe in April.
Successful M&A and Capital Markets Activity
Collected ~$504 million in M&A proceeds (Profertil ~$410m; partial Manantiales Behr ~$85m). Raised nearly $1 billion in markets: $550m tap of 2034 bond at 8.1% (lowest in 9 years) and ~$285m local MEP bonds. Prepaid ~$750m of debt in first four months.
Progress on Strategic LNG & Infrastructure Projects
CESA signed 8-year SPA for 2 Mt/year; Argentina LNG project advancing with founding partners (YPF, ENI, XRG), strong investor appetite from ~50 institutions, procurement progress and aim for FID by year-end; secured additional pipeline capacity (VMOS +44k bpd allocated to YPF, stake rising to ~30%).
YPF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
YPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | $42.37 | $44.93 | +6.04% |
Feb 26, 2026 | $36.28 | $35.39 | -2.45% |
Nov 07, 2025 | $36.26 | $37.21 | +2.62% |
May 07, 2025 | $30.27 | $30.84 | +1.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ypf Sociedad Anonima (YPF) report earnings?
Ypf Sociedad Anonima (YPF) is schdueled to report earning on Aug 07, 2026, TBA (Confirmed).
What is Ypf Sociedad Anonima (YPF) earnings time?
Ypf Sociedad Anonima (YPF) earnings time is at Aug 07, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is YPF EPS forecast?
YPF EPS forecast for the fiscal quarter 2026 (Q2) is 1.67.