YPF Sociedad Anonima Announces Strong Q3 2024 Results

YPF Sociedad Anonima (YPF) has released an update.

YPF Sociedad Anonima reported a significant financial performance for the third quarter of 2024, with revenues reaching $5.3 billion, a 17.6% increase year-over-year, driven by higher natural gas sales, increased shale production, and rising local fuel prices. Adjusted EBITDA rose by 47% from the previous year, reflecting robust shale oil output and improved local fuel prices despite challenges from extreme weather in Patagonia. The company also made progress in its strategic shale oil initiatives, with substantial investments in upstream activities, particularly in shale drilling.

For further insights into YPF stock, check out TipRanks’ Stock Analysis page.

Trending Articles

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.