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YPF projects EBITDA between $5.8 billion and $6.2 billion in 2026, says CEO

ReutersFeb 27, 2026 3:28 PM

By Eliana Raszewski and Leila Miller

- Argentine state-run oil company YPF YPFDm.BA projects an EBITDA of between $5.8 billion and $6.2 billion in 2026, up from the $5 billion reported in 2025, chief executive Horacio Marin said on Friday.

Marin said that the company, which leads production in Vaca Muerta, one of the world's largest shale formations, will invest between $5.5 billion and $5.8 billion in 2026, of which 70% will be for unconventional output.

"My personal goal is at the end of the year not to have any production of conventional," Marin said in a call with investors about the company's fourth-quarter results.

YPF, which produces 54% of Argentina's shale oil and 24% of its gas, plans to increase its production to 215,000 shale oil barrels per day in 2026, 120% more than in 2023, according to a presentation on Friday.

The oil company on Thursday posted a fourth-quarter net loss of $649 million, more than double the $284 million loss it reported a year earlier, due to shifting prices in oil and petroleum derivatives and a slowdown in gas sales, the company said.

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