YPF reports robust growth and strategic investments in Q3 2024 By Investing.com
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…
