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YPF

YPF · Energy

Last earnings Oct 28, 2026

Key results

Free cash flowquarter

US$901 million

Free cash flow reached US$901 million (+US$77 million q/q; +US$1.7 billion y/y), YPF s second-highest quarterly result.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Net revenuequarter

US$6,557 million

4 3Q26 YPF YPF 3Q26 Net Revenues amounted to US$6,557 million, essentially flat q/q, primarily driven by lower local fuel prices, particularly diesel (2Q26 recorded extraordinary sales to other refineries, in addition to diesel seasonal impact), besides lower crude oil exports amid decreased Brent prices.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Operating incomequarter

6.0%

Consolidated Net Income Breakdown 3Q26 2Q26 3Q25 Q/Q Y/Y 9M26 9M25 Y/Y Unaudited Figures, in US$ million Operating income / (loss) 1,921 1,813 552 6.0% 248.0% 4,612 1,156 299.0% Result from equity interests in associates and joint ventures 134 115 32 16.5% 318.8% 350 107 227.1% Financial results, net (228) (130) (245) 75.4% -6.9% (685) (746) -8.2% Net result before tax 1,827 1,798 339 1.6% 438.7% 4,277 517 727.3% Income tax (631) (593) (537) 6.4% 17.5% (1,467) (667) 119.9% Net result 1,196 1,205 (198) -0.7% N/A 2,810 (150) N/A Net Income before impairment of assets 1,196 1,210 (195) -1.2% N/A 2,815 (153) N/A 5 3Q26 YPF YPF 3Q26 Financial net results posted a loss of US$228 million (vs.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Revenuequarter

US$2,536 million

Revenues totaled US$2,536 million (-7% q/q), primarily reflecting a 10% q/q decline in realized oil prices, driven by lower Brent prices and a return to the customary domestic discount of Medanito price to Brent in 3Q26, compared with an exceptional premium in 2Q26.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Revenues totaled US$5,123 million (-5% q/q), mostly driven by lower prices in local fuel and oil exports in 3Q26, while 2Q26 recorded extraordinary sales of diesel to other refineries, besides seasonal effects.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

CASH FLOW SUMMARY free cash flowquarter

US$901 million

LIQUIDITY AND SOURCES OF CAPITAL 4.1 CASH FLOW SUMMARY Free cash flow remained strong at US$901 million in 3Q26, the second-highest quarterly level in YPF s history.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

AI analysis

Latest earnings event · reported Oct 28, 2026

Based on: Earnings release — transcript not held

Net revenue ·
US$6,557M
6-K · Oct 28, 2026
Free cash flow ·
US$901M
6-K · Oct 28, 2026
Revenue ·
US$2,536M
6-K · Oct 28, 2026
CASH FLOW SUMMARY free cash flow ·
US$901M
6-K · Oct 28, 2026

Headline figures

MetricLatest earnings eventPrior qtrYear ago
Free cash flowUS$901 million——
Net revenueUS$6,557 million——
Operating income6.0%——
RevenueUS$2,536 million——
CASH FLOW SUMMARY free cash flowUS$901 million——

6-K · Oct 28, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flowUS$901M
CASH FLOW SUMMARY free cash flowUS$901M

Capital allocation

CapexUS$1,287M

[3] Consider higher seasonal gas sales, dividend collections from affiliates (+19), contribution to affiliates (-50), among others.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

YPF — Earnings release (2026-10-28)

Based on: Earnings release — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

[3] Consider higher seasonal gas sales, dividend collections from affiliates (+19), contribution to affiliates (-50), among others.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

As part of its liability management strategy, the Company used a portion of the proceeds to repurchase US$531 million of international bonds maturing between 2027 and 2029, extending its debt maturity profile and reducing near-term refinancing needs.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Regarding our maturity profile , for the remaining 3 months of 2026, the Company faces US$208 million of manageable maturities: US$88 million of local bonds (US$14.9 million repurchased after 3Q26); US$72 million of international bonds and the remaining in other local and international debts.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Net Leverage Ratio = Net Debt / LTM Adj.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

FCF = Cash flow from Operations less CAPEX (Investing activities), M&A (Investing activities), and interest and leasing payments (Financing activities).

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

3 3Q26 YPF YPF 3Q26 CAPEX totaled US$1,287 million (-4% q/q; +26% y/y), with 70% allocated to unconventional operations.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Strategy & priorities

It is worth noting that lifting costs declined by 12% interannually, reflecting the progress achieved in our conventional divestment strategy.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

VMOC Third Loop Expansion: construction progress reached ~90%, with mechanical completion expected in Oct-26.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

dollar terms declined 6% q/q, reflecting YPF s pricing buffer strategy to support demand amid international price volatility.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

In August 2026, YPF accepted Edenor s offer to acquire YPF s 70% equity stake in Metrogas and Metroenerg a for US$780 million, advancing YPF s portfolio optimization strategy, subject to closing.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

As part of its liability management strategy, the Company used a portion of the proceeds to repurchase US$531 million of international bonds maturing between 2027 and 2029, extending its debt maturity profile and reducing near-term refinancing needs.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Risks & headwinds

Although the assumptions and estimates on which forward-looking statements are based are believed by our management to be reasonable and based on the best currently available information, such forward-looking statements are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond our control.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Further information concerning risks and uncertainties associated with these forward-looking statements and YPF s business can be found in YPF s public disclosures filed on EDGAR ( www.

SEC original ↗YPF — Earnings release (6-K report)6-KOct 28, 2026

Documents

Earnings deck slides

1 deck with slide view

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

TotalEnergies (TTE) EnergyCenovus Energy (CVE) EnergySuncor Energy (SU) EnergyCanadian Natural Resources (CNQ) EnergyWoodside Energy (WDS) EnergyCameco (CCJ) EnergyVista Energy, S.A.B. De C.V. (VIST) EnergyImperial Oil (IMO) Energy

Filings

190 documents

Earnings releases

6 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for YPF are held in this edition of the library.

Mentioned by

3 companies

Other tracked companies whose held documents mention YPF by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.