Monitor YPF's ability to maintain capital discipline as it increases shale investments while managing declining conventional production. The company's strategic shift to shale and asset sales may improve long-term profitability but could pressure near-term cash flows.
Price Chart
Executive Summary
YPF reported a net loss of $799 million in 2025, down from a $2.39 billion profit in 2024, primarily due to lower revenues and higher costs despite a 17.2% increase in proved reserves. The company executed its YPF 44 strategy by divesting mature fields and focusing on Vaca Muerta shale development, while also selling its 50% stake in fertilizer unit Profertil for $596.3 million.
Key Facts
- Net loss of $799 million in 2025 vs. $2.39 billion profit in 2024
- Total revenue decreased 4.4% to $18.45 billion in 2025
- Proved reserves increased 17.2% to 1,284 million barrels of oil equivalent
- Sold 50% stake in Profertil for $596.3 million in cash and credit
- Divested mature fields through 10 assignment agreements in 2025
- Shale hydrocarbon production increased 65% to 65% of total production
Financial Impact
Revenue decreased by $845 million while net profit declined by $3.19 billion
Risk Factors
- Continued decline in conventional production may offset shale gains
- Argentine macroeconomic instability could impact operations
- Failure to complete planned divestitures could delay portfolio optimization
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001193125-26-126363 |
| Document: d95578dex111.htm | 0001193125-26-126363 |
| Document: d95578dex2d.htm | 0001193125-26-126363 |
| Document: d95578dex152.htm | 0001193125-26-126363 |
| Document: d95578dex122.htm | 0001193125-26-126363 |
| Document: d95578dex121.htm | 0001193125-26-126363 |
| Document: d95578dex13.htm | 0001193125-26-126363 |
| Document: d95578dex151.htm | 0001193125-26-126363 |
| Document: 0001193125-26-126363-index-headers.html | 0001193125-26-126363 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $49.31 | awaiting T+5 | — | $49.24 (−0.14%) |
Oct 14, 2026 12d ago | 6-K | $51.11 $49.17 | ▼ −3.80% | ▼ −2.78% | $49.24 (−3.66%) |
Oct 8, 2026 17d ago | 6-K | $50.04 $52.10 | ▲ +4.12% | ▲ +6.08% | $49.24 (−1.60%) |
Oct 8, 2026 17d ago | 6-K | $50.04 $52.10 | ▲ +4.12% | ▲ +6.08% | $49.24 (−1.60%) |
Oct 5, 2026 21d ago | 6-K | $51.24 $51.97 | ▲ +1.42% | ▲ +1.00% | $49.24 (−3.90%) |
Sep 25, 2026 4w ago | 6-K | $51.37 $51.24 | ▼ −0.25% | ▼ −1.46% | $49.24 (−4.15%) |
Sep 21, 2026 5w ago | 6-K | $53.18 $51.37 | ▼ −3.40% | ▼ −2.38% | $49.24 (−7.41%) |
Sep 17, 2026 5w ago | 6-K | $54.48 $53.61 | ▼ −1.60% | ▼ −2.45% | $49.24 (−9.62%) |
Sep 9, 2026 6w ago | 6-K | $56.06 $54.48 | ▼ −2.82% | ▼ −2.32% | $49.24 (−12.17%) |
Aug 6, 2026 11w ago | 6-K | $49.16 $50.05 | ▲ +1.81% | ▲ +1.41% | $49.24 (+0.16%) |
US Market Status
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