Recent Updates — YPF
YPF raised US$1.2 billion through a nine-year bond at 7.85% yield, with proceeds used to pre-fund 2027 and 2029 maturities. The company also acquired the remaining 25% stake in YPF Luz for US$430 million via acquisition financing, bringing ownership to 100%. Third-quarter adjusted EBITDA reached US$2,503 million, down 11% sequentially but up 84% year-over-year. Free cash flow was US$901 million, and net leverage declined to 0.8x. YPF operates in the integrated oil and gas industry.
YPF Sociedad Anónima's Board approved condensed interim financial statements for the nine-month period ended September 30, 2026. The company reported a total net profit of 4,105,435 million pesos, with 4,069,032 million pesos attributable to parent shareholders and 36,403 million pesos to non-controlling interests. Comprehensive income reached 5,237,573 million pesos. Shareholders' equity stood at 21,197,884 million pesos as of September 30, 2026. The controlling shareholder remains the Argentine National State. YPF operates in the integrated oil and gas industry.
YPF Sociedad Anónima announced the early redemption of its outstanding and circulating Class XXXVII Notes, carrying a total nominal value of U.S.$ 139,501,701. The redemption will occur on November 11, 2026, at par value plus accrued interest up to that date. Additionally, YPF stated it would issue additional Class XLIII notes on October 27, 2026, receiving payment in kind through the delivery of Class XXXVII Notes with a nominal value of U.S.$ 4,436,070, reducing the outstanding balance of the Class XXXVII series to U.S.$ 135,065,631. YPF operates in the energy sector, focusing on oil and gas exploration, production, refining, and distribution.
YPF Sociedad Anónima completed the acquisition of an additional equity interest in its subsidiary, YPF Energía Eléctrica S.A. (YPF Luz), on October 14, 2026. Following this transaction, which satisfied all conditions precedent, YPF now directly and indirectly owns 100% of the share capital and voting rights of YPF Luz. The company previously held a 24.99% stake, making this purchase the final step to consolidate full control over the electricity generation subsidiary. This move integrates the power assets entirely under YPF's corporate structure. YPF Sociedad Anónima operates in the energy sector, primarily engaged in the exploration, production, refining, and distribution of oil and natural gas.
YPF Sociedad Anónima repurchased its Class XXVII Notes (YMCTO) between October 5 and October 7, 2026, for a total consideration of Ps. 22,598,512,039.79, equivalent to a par value of US$ 14,852,887. The notes were acquired at an average price of 99.98% of their nominal value and will be held in the company's portfolio. These instruments were originally issued in October 2023 under the Company’s Frequent Issuer framework with a maturity date in October 2026. YPF Sociedad Anónima operates as an integrated energy company engaged in the exploration, production, refining, and distribution of oil and gas products.
YPF Sociedad Anónima's Board approved the acquisition of the remaining 24.99% equity interest in YPF Energía Eléctrica S.A. (YPF Luz) from BNR Power Investments B.V. for US$430 million, financed through international sources. This transaction allows YPF to consolidate its existing 75.01% stake into 100% ownership, subject to customary conditions precedent. YPF Luz operates power plants with 3,764 MW of installed capacity and generated approximately 10% of Argentina's electricity in the trailing twelve months ended June 2026, recording an Adjusted EBITDA of US$479 million. The company operates in the integrated oil, gas, and energy sector.