YPF Swings to $1.2 Billion Q3 Profit on Oil and Shale Gains

Argentinian state-controlled energy company YPF reported a third-quarter net profit of $1.2 billion. It had posted a $198 million loss in the same period a year earlier.

Revenue reached $6.56 billion, up 41.2% year over year and above analyst expectations. Higher oil prices and increased shale oil production drove the results. Production from the Vaca Muerta formation rose 32%.

Adjusted EBITDA reached $2.5 billion, up 84.4% from a year earlier. For the first nine months of 2026, YPF reported net profit of 4.1 trillion pesos. Shareholders’ equity totaled 21.2 trillion pesos as of September 30, 2026.