# YPF posts $1.2B Q3 profit, beating estimates on Vaca Muerta shale boom

Quick Take · News · Published October 28, 2026 · By [Anthony Asuaje](https://walkeranthony.com/about/), Walker Strategies
Canonical URL: https://walkeranthony.com/news/ypf-posts-1-2b-q3-profit-beating-estimates-on-vaca-muerta-shale-boom/

$1.2B Q3 profit: YPF beats estimates as Vaca Muerta shale output rises 32%, adjusted EBITDA jumps 84% and leverage hits a 10-year low.

YPF earned $1.196B in Q3 vs. a $198M loss a year ago, well above the ~$850M consensus; revenue rose 41% to $6.56B and adjusted EBITDA jumped 84% to $2.5B.
Read: shale output up 32% to 224k bpd and higher realized oil prices drove the beat; net debt/EBITDA fell to 0.8x, a 10-year low.
Watch: RIGI filings for $44B in Vaca Muerta projects and the VMOS export pipeline, due by year-end.

**Why it matters:** A big earnings beat and decade-low leverage strengthen the case for Argentina's flagship energy stock and could lift sentiment across the local energy sector in Buenos Aires and New York.

Source: [Bloomberg Línea](https://www.bloomberglinea.com/latinoamerica/argentina/ypf-supera-expectativas-y-deuda-queda-en-minimo-de-una-decada-acciones-suben-en-wall-street/)

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