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YPF SA
BCBA:YPFD

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YPF SA
BCBA:YPFD
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Price: 51 875 ARS -0.1% Market Closed
Market Cap: 20.4T ARS

YPF SA
Investor Relations

In the sprawling energy landscape of Argentina, YPF S.A. stands as a towering institution with a century-old legacy. Born in 1922, YPF was originally a state-owned venture fuelled by Argentina's ambition to control its energy destiny. This petroleum giant plays an integral role in the country's energy production, exploration, and distribution. Over the years, YPF has embraced a journey of transformation, balancing public and private interests. Its operations today are a synchronized symphony of upstream and downstream activities. In the upstream segment, YPF focuses meticulously on oil and gas exploration and production. With technological investments and innovative drilling methods, the company taps into significant reserves like the Vaca Muerta shale formation, positioning itself as a key player in unconventional resource development.

Meanwhile, the downstream segment of YPF’s operations is equally robust, channeling its resources into refining and commercializing a vast array of petroleum products. YPF operates an extensive network of refineries churning out gasoline, diesel, and lubricants, essential for national consumption. Then, there's the retail and marketing arm, which strategically disperses these products through a wide network of service stations under its brand. This integrated business model not only enhances operational efficiency but also cements its foothold in local markets. Furthermore, YPF's marketing efforts are bolstered by the focus on alternative energy sources, an insightful move in line with global energy transition trends. Through careful orchestration of these diverse yet interconnected activities, YPF generates revenue while fortifying its status as a linchpin of Argentina’s energy sector.

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Last Earnings Call
Fiscal Period
Q1 2023
Call Date
May 12, 2023
AI Summary
Q1 2023

Solid Production Growth: Total hydrocarbon production rose to 511,000 barrels of oil equivalent per day, up 2% sequentially and 1% year-over-year, with crude oil production seeing a notable 7% year-over-year increase.

Strong Profitability: Adjusted EBITDA surpassed $1 billion, growing 12% from the previous quarter and 5% from a year ago.

Net Income: Net income reached $341 million for Q1, keeping the bottom line positive.

Investment Surge: Investments totaled $1.3 billion in Q1, up 78% year-over-year, with over half directed to shale operations.

Legal Resolution: YPF saw favorable developments in key legal cases, reducing potential future liabilities.

Export Expansion: The company plans to start exporting through the Transandino pipeline in June, aiming for export volumes to reach up to 110,000 barrels per day over time.

Refinery Performance: Refinery processing hit a 13-year high, with utilization at 307,000 barrels per day.

Disciplined Pricing: YPF continued to adjust fuel prices in line with currency depreciation while narrowing the gap to import parity.

Key Financials
Hydrocarbon Production
511,000 barrels of oil equivalent per day
Crude Oil Production
238,000 barrels per day
Adjusted EBITDA
over $1 billion
Net Income
$341 million
Investments
$1.3 billion
Free Cash Flow
-$17 million
Net Debt
$6 billion
Net Leverage Ratio
1.2x
Shale Oil Production
over 92,000 barrels per day
Shale Gas Production
about 17 million cubic meters per day
Lifting Cost (Upstream)
$14.6 per barrel of oil equivalent
Shale Core Hub Lifting Cost
$4 per barrel
Development Cost (Shale Core Hub)
$9.9 per barrel of oil equivalent
Crude Oil Realization Price
$67 per barrel
Natural Gas Price
$3.1 per million BTU
Refinery Utilization
307,000 barrels per day
Cash and Short-term Investments
$1.3 billion
Earnings Call Recording
Other Earnings Calls
2023
2022

Management

Mr. Horacio Daniel Marin
CEO & Non Independent Chairman
No Bio Available
Mr. Federico Barroetave
Chief Financial Officer
No Bio Available
Mr. Alejandro Wyss
Technology Vice President
No Bio Available
Mr. Pedro Luis Kearney
Director of Planning, Finance & IR
No Bio Available
Ms. Maria De Las Mercedes Archimbal
Chief Compliance Officer
No Bio Available
Mr. German Fernandez Lahore
Corporate Vice President of Legal Affairs
No Bio Available
Mr. Lisandro Deleonardis
Public Affairs Vice President
No Bio Available
Mr. Guillermo Garat
Vice President of Corporate Affairs, Communication & Marketing
No Bio Available
Ms. Florencia Tiscornia
Vice President of People & Culture
No Bio Available
Mr. Santiago Martinez Tanoira
Executive Vice President of Gas & Power
No Bio Available

Contacts

Address
BUENOS AIRES
Buenos Aires
Macacha Guemes 515
Contacts
+541154411276.0
www.ypf.com