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Dec 31, 2024
YPF Q4 2024 Earnings Report
YPF reported lower revenue in Q4 2024 due to seasonal declines in gas sales and lower fuel prices.
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
Revenue by Segment
Upstream Revenue
CapyFin.comDownstream Revenue
CapyFin.comGas & Power Revenue
CapyFin.comRevenue by Geographic Location
Domestic Market Revenue
CapyFin.comExport Market Revenue
CapyFin.com 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