YPF Second-Quarter Profit Climbs on Higher Sales
This article is for subscribers only.
YPF SA, Argentina’s largest oil company, posted second-quarter sales that beat analysts’ estimates as production increased.
Crude output gained 5.6 percent in the quarter to 240,900 barrels of oil equivalent a day from a year ago while natural gas production rose 32 percent, Buenos Aires-based YPF said in a regulatory filing yesterday. Sales climbed 61 percent to 35.3 billion pesos ($4.3 billion), beating the 31.5 billion-peso average estimate of three analysts compiled by Bloomberg.