YPF Scales New Heights on Shale Growth & Higher Oil Prices
YPF Sociedad Anonima reported its second-quarter earnings of $3.07 per share, beating the Zacks Consensus Estimate by 8.1%.
The company's strong quarterly results were driven by higher oil pricing, shale growth, and record refinery throughput.
Shale oil production increased 46.6% to 212.7 thousand barrels per day (MBbl/d), while adjusted EBITDA reached a record $2.80 billion.