YPF S.A. (YPF), the Argentine energy company, has reported strong financial results for the third quarter of 2024, with a significant increase in net income and a solid performance in shale oil production. CFO Federico Barroetavena announced a 47% year-on-year rise in EBITDA to nearly $1.4 billion, with net income nearly tripling from the previous quarter to approximately $1.5 billion, largely due to favorable tax outcomes. Despite challenges from extreme weather, the company saw an overall increase in hydrocarbon production and maintained a stable market share in the local fuel market.
Key Takeaways
- EBITDA increased by 47% year-on-year to nearly $1.4 billion.
- Net income surged to approximately $1.5 billion, nearly tripling from the…
