YPF Q4 2024 Earnings Report
Key Takeaways
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.
Q4 2024 revenue was $4.75 billion, down 10% sequentially but up 13% year-over-year.
Adjusted EBITDA fell 39% quarter-over-quarter to $839 million due to seasonal declines and lower fuel prices.
Net loss of $284 million compared to a $1.49 billion profit in Q3 2024.
Hydrocarbon production declined 7% quarter-over-quarter, while shale oil production increased 10%.
YPF
YPF
YPF Revenue by Segment
YPF Revenue by Geographic Location
Forward Guidance
YPF expects a gradual recovery in local fuel demand and continued shale oil production growth in 2025. However, macroeconomic volatility and cost pressures remain challenges.
Positive Outlook
- Continued expansion in shale oil production and reserves.
- Expected recovery in local fuel demand in 2025.
- Planned expansion of crude oil export capacity.
- Ongoing cost-saving initiatives in refining and logistics.
- New infrastructure projects to enhance production and distribution.
Challenges Ahead
- Macroeconomic uncertainty impacting fuel demand.
- Continued cost pressures in refining operations.
- Potential regulatory risks affecting pricing strategies.
- Expected seasonal fluctuations in gas sales.
- Higher operating expenses due to environmental provisions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income