In Q4 2025, YPF generated $4.556 billion in revenue and $1.283 billion in adjusted EBITDA, supported by strong refining performance and shale oil production growth. However, the company posted a net loss of $649 million mainly due to a $1.042 billion income tax charge related to the Tax Normalization Plan. Free cash flow turned positive at $265 million during the quarter.

In Q2 2025, YPF generated 4641000000 in total revenue, delivered adjusted EBITDA of 1124000000, and reported net income of 58000000. The quarter was marked by stable production and a negative free cash flow of 365000000 amid lower international crude prices.

In Q1 2025, YPF posted total revenues of 4608000000 with a net loss of 10000000, while adjusted EBITDA was reported at approximately 1245000000 and shale oil production increased materially compared to the year-ago period.

YPF's Q4 2024 revenue was $4.75 billion, down 10% sequentially but up 13% year-over-year. Adjusted EBITDA declined 39% quarter-over-quarter to $839 million, reflecting lower gas sales, decreased fuel prices, and inventory devaluation. The company reported a net loss of $284 million, compared to a net profit of $1.49 billion in Q3 2024. Operating income turned negative at -$530 million due to lower seasonal demand and additional cost pressures.