YPF is Argentina's state-controlled oil giant, drilling for crude and gas while running refineries, pipelines, and 1,654 gas stations—the country's energy backbone from well to pump.
Money comes from selling refined fuels and petrochemicals at its service stations and refineries, with gross margins around 30% but volatile net income—swinging from ARS 2077.48B profit in 2024 to ARS -1198.53B loss in 2025.
YPF's 119 oil fields, 2,800 km of pipelines, and dominant retail network create high entry barriers, but government price controls and political interference erode profitability—competitors like Raízen and Pampa Energía can't easily replicate the scale, yet st
Buy (sector percentile 75) — value B, growth A-, profitability D, momentum B+, revisions A-. Updated daily, sector-relative, identical for every user.
Key events, in time order
HSBC upgrades YPF from Hold to Buy, raising PT to $60 from $52, reflecting improved institutional outlook
Shale growth and strong pricing drive results; outlook raised
Q2 调整后 EBITDA 达 $2.8 billion，创历史新高，环比增长 76%，同比增长 2.5 倍；调整后 EBITDA 利润率 43%，为近 20 年最高。
Multiple sources confirm Q1 13F update; YPF listed as new buy
Q1 2026 revenues reached $4.95 billion, up 9% quarter-over-quarter and 7% year-over-year, driven by rising international prices and domestic fuel price alignment with international parities
Q1 2026 revenues reached $4.95 billion, up 9% quarter-over-quarter and 7% year-over-year, driven by rising international prices and domestic fuel price alignment with international parities
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