Sector: Integrated oil & gas
COMM_YPF
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/YPF
Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB USD | Operating profitB USD | D&AB USD | EBITDAB USD | Net profitB USD | Operating CFB USD | Capex + M&AB USD | AssetsB USD | EquityB USD | ROE (annualized) | Net debtB USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 6.6 y/y 41.7% | 1.8 y/y 351.9% | 0.9 y/y 11.4% | 2.7 y/y 126.6% | 1.2 y/y 2302.0% | 2.4 | -2.0 | 32.4 y/y 11.6% | 12.5 y/y 7.1% | 40.2% | 8.8 | Yahoo Finance |
| 2026-03-31 | Q1 2026 (3M) | OK | 4.9 y/y — | 0.9 y/y — | 0.7 y/y — | 1.6 y/y — | 0.4 y/y — | 1.9 | -0.7 | 30.4 y/y — | 11.4 y/y — | 14.6% | 8.8 | Yahoo Finance |
| 2025-12-31 | Q4 2025 (3M) | PARTIAL | 4.5 y/y — | 0.4 y/y — | 0.8 y/y — | 1.2 y/y — | -0.7 y/y — | 1.7 | -1.2 | 29.4 y/y 0.2% | 10.8 y/y -7.2% | -7.2% | ≈ 9.8 | Yahoo Finance |
| 2025-09-30 | Q3 2025 (3M) | OK | 4.6 y/y — | 0.6 y/y — | 0.8 y/y — | 1.4 y/y — | -0.2 y/y — | 1.2 | -1.7 | 29.6 y/y — | 11.4 y/y — | -2.4% | 9.8 | Yahoo Finance |
| 2025-06-30 | Q2 2025 (3M) | OK | 4.6 y/y — | 0.4 y/y — | 0.8 y/y — | 1.2 y/y — | 0.1 y/y — | 1.1 | -1.3 | 29.0 y/y — | 11.7 y/y — | 1.7% | 9.1 | Yahoo Finance |
| 2024-12-31 | FY 2024 (12M) | PARTIAL | 19.3 y/y 11.4% | 1.5 y/y — | 2.8 y/y -15.7% | 4.2 y/y 109.3% | 2.4 y/y — | 5.9 | — | 29.4 y/y 17.4% | 11.7 y/y 30.2% | 23.2% | — | Yahoo Finance |
| 2023-12-31 | FY 2023 (12M) | PARTIAL | 17.3 y/y — | -1.2 y/y — | 3.3 y/y — | 2.0 y/y — | -1.3 y/y — | 5.9 | — | 25.0 y/y — | 8.9 y/y — | — | — | Yahoo Finance |
| Short-term debt (incl. ST leases) | 1 607 |
| Long-term debt (incl. LT leases) | 8 521 |
| − Cash & equivalents | 1 318 |
| Net debt | 8 810 |
|---|
Net debt / LTM EBITDA: 1.3x
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
| Year | Production, mln boe | per day, mln boe |
|---|---|---|
| 2025 | 192.35 −1.7% | 0.53 |
| 2024 | 195.68 | 0.54 |
Company reports: https://www.sec.gov/Archives/edgar/data/904851/000119312526078200/d118508d6k.htm; https://www.sec.gov/Archives/edgar/data/904851/000155485526001760/MainDocument.htm
Current 98spot vs LTM +28%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: +29.4% ▼ -5.0 pp 1d
Main driver: Brent +28% vs LTM; revenue ×1.14 vs costs ×1.04; EBITDA 7 440→8 556; at 3.9× EV/EBITDA → +29%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Brent (rev) | +30% | 97.66 | 76.51 | 80.81 | +28% | +6% |
| US Crack Spread (oil refining) (rev) | +5% | 66.60 | 30.59 | 30.84 | +118% | +1% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 20 704 |
| LTM EBITDA | 7 440 |
| LTM cash costs (revenue − EBITDA) | 13 264 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.142 (+14%) |
| = Spot revenue | 23 640 |
| Revenue multiplier — 3y price | ×1.017 (+2%) |
| = 3-year-price revenue | 21 062 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 13 795 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 13 795 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 9 845 |
| = 3-year-price EBITDA | 7 267 |
| Conservative EBITDA = min(spot, avg) | 8 556 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct, realized earnings) | 3.9x |
| Target EV = EV/EBITDA × conservative EBITDA | 33 626 |
| Net debt | 8 810 |
| Target market cap = EV − net debt | 25 424 |
| Current market cap | 19 649 |
Upside = target market cap ÷ current − 1 = +29.4%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 FY | 17 311 | 17 670 | -2.0% | 2 560 | 5 137 | -50.2% |
| 2024 FY | 19 293 | 16 959 | +13.8% | 4 791 | 1 617 | +196.3% |
| 2025 FY | 18 448 | 18 435 | +0.1% | 5 048 | 3 353 | +50.6% |
Projected EV/EBITDA 6.7x · target 75th pct (3y) 6.0x · LTM avg 3.9x
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of YPF — from primary filings.
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