YPF Reports $1.24B EBITDA Growth Amid $10M Q1 Net Loss

YPF Sociedad Anónima reported a mixed financial performance for the first quarter of 2025, marked by operational strengths but ongoing financial pressures. The company achieved a 48% increase in adjusted EBITDA to approximately $1.24 billion, driven by higher fuel prices, a 31% rise in shale oil production, and improved refinery utilization at 94%. Despite these operational gains, YPF posted a net loss of around $10 million, a significant improvement from the previous quarter's $284 million loss, while net debt increased by 12% to over $8.3 billion. Revenues rose 7% year-over-year to about $4.6 billion, although the company faced challenges such as lower seasonal diesel demand, weaker export volumes, and higher operating costs. YPF is advancing strategic initiatives including digital transformation in downstream operations, LNG project expansions, and divestments in mature fields to enhance efficiency and support long-term growth. Analysts maintain an Outperform rating on YPF stock, recognizing its recovery and growth potential despite caution over high debt levels and negative free cash flow.