Argentine Oil Company YPF Triples Net Profit in First Half of 2026

Buenos Aires - Argentine state-controlled oil company YPF announced a significant surge in its financial performance, reporting a net profit of $1.614 billion for the first half of 2026. This figure represents a remarkable 34-fold increase compared to the $48 million profit recorded in the same period of 2025.

The company's operational profit also saw substantial growth, reaching $2.691 billion, a 345.5% increase year-on-year. This impressive result was driven by several factors, including a 25% rise in international crude oil prices during the first semester. YPF's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at a positive $4.398 billion, marking an 86% increase from the previous year.

Total revenues for the first half of the year amounted to $11.520 billion, a 25% increase compared to the first half of 2025. In the second quarter alone, YPF posted a net profit of $1.205 billion, a stark contrast to the $58 million profit from the second quarter of 2025. Operational profit in the second quarter climbed to $1.813 billion, up 340% year-on-year, with adjusted EBITDA reaching a record $2.804 billion, a 149% increase.

YPF attributed its strong EBITDA performance to the continuous growth in shale production, reduced extraction costs, record processing levels, ongoing operational optimization, and favorable price dynamics. The company's net debt at the end of the first semester was $7.654 billion, a 13% reduction compared to the previous year. Investments during the first semester totaled $2.321 billion. YPF expects its unconventional oil production to reach 250,000 barrels per day by the end of 2026.