Argentina’s YPF (NYSE:YPF) reported Thursday its This fall internet revenue jumped 69% from the year-earlier quarter to $464M on revenues that rose 24% Y/Y to $4.65B, citing increased manufacturing and costs.
This fall crude oil manufacturing gained 3% Q/Q to 232K bbl/day, whereas pure fuel output fell 7% on decrease seasonal demand.
Benchmark Brent crude oil costs averaged $88.60/bbl in the course of the quarter, YPF stated.
This fall working prices spiked 29% from a yr earlier, largely resulting from international alternate results on the Argentine peso and world inflation.
For FY 2022, YPF (YPF) reported a document annual internet revenue of $2.2B, whereas EBITDA for the yr rose 27% to just about $5B and whole annual manufacturing elevated 7% from 2021 to 503K boe/day.
YPF (YPF) shares have consolidated recently after an enormous advance in 2022 however valuation stays compelling, Mike Zaccardi writes in an evaluation printed not too long ago on In search of Alpha.