BUENOS AIRES (Reuters) -Argentine state-controlled energy company YPF swung to a net loss of $198 million in the third quarter, the company said on Friday, saying the loss reflected a deferred tax charge. The company's adjusted earnings before interest, tax, depreciation and amortization (EBITDA), a key measure of industry profitability, stood at $1.36 billion for the July-to-September period, down 1% from a year earlier and in line with expectations of analysts polled by LSEG. Revenues were $4.64 billion, YPF said, down 12% from the same quarter last year and a touch below analysts' $4.76 billion estimate. The company said its total hydrocarbon production was down 6% to 523,100 barrels per day. Shale oil production, however, surged by 35% year-on-year to average 170,000 barrels per day, a
Argentina's YPF swings to Q3 net loss on tax expenses
The Daily Guardian7 hrs ago
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