Overview

• YPF recorded a 6% year-on-year fall in second-quarter revenue to $4.641 billion driven by weaker Brent prices and softer domestic fuel demand.
• The company’s net profit plunged 89% to $58 million in Q2, taking first-half earnings down 96% to $48 million.
• Adjusted EBITDA declined 7% year-on-year to $1.120 billion in the second quarter.
• Net debt rose 18% to $8.833 billion at midyear, even as the firm invested over $2.3 billion in shale development.
• Unconventional production in Vaca Muerta jumped 28% in Q2 and lifting costs in core hubs averaged $4.9 per barrel equivalent.