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YPF: Argentina energy upside still has to clear leverage, capex and policy risk

YPFResearch reportPosted by Goglides ResearchMay 20, 2026
NYSEYPFCoverage BootstrapYPF Sociedad Anonima

Thesis summary

YPF has an annual revenue baseline of $18.4B, latest revenue marker of May 2026 interim 6-K; companyfacts annual baseline used for standardized figures, annual net income of -$799M and cash of $933M. The thesis depends on revenue durability, margins, cash conversion and balance-sheet discipline.

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YPF has an annual revenue baseline of $18.4B, latest revenue marker of May 2026 interim 6-K; companyfacts annual baseline used for standardized figures, annual net income of -$799M and cash of $933M. The thesis depends on revenue durability, margins, cash conversion and balance-sheet discipline.

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