YPF - YPF Sociedad Anónima GAAP EPS of $0.64 revenue of $3.63B

YPF Sociedad Anónima press release (NYSE:YPF): Q1 GAAP EPS of $0.64. Revenue of $3.63B (+37.0% Y/Y). Adjusted EBITDA reached US$972 million, expanding 17% sequentially and 27% y/y, consolidating a margin of 27%, in line with the historical average of the last 10 years. Hydrocarbon production continued with a positive trend totaling 506 Kboe/d, increasing 4.5% q/q and a staggering 16% y/y. OPEX contracted 8% q/q but expanded 29% y/y, primarily as a result of fully increased activity together with a negative evolution of variables such as inflation, wages, and currency devaluation. CAPEX activity increased 53% y/y reaching $748 million in the quarter, reaffirming guidance of 40% increase y/y, with an upward bias. Cash flow was positive for the eighth consecutive quarter at $391 million, further reducing our net debt to $5,912 million, pushing the net leverage ratio down to 1.46x.

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YPF Sociedad Anónima GAAP EPS of $0.64, revenue of $3.63B