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HSBC upgrades YPF to Buy on strong Q2 results and $51B LNG expansion plan

Analyst Insights
14 Aug 2026
Alex Lavoie
View Source
Bullish
HSBC upgrades YPF to Buy on strong Q2 results and $51B LNG expansion plan

HSBC has upgraded YPF's rating to Buy following strong Q2 2026 results, including a 41.7% revenue increase to $6.57 billion and earnings per share of $3.07, surpassing estimates. YPF raised its 2026 adjusted EBITDA guidance to $8 billion and aims for $2 billion in free cash flow. The company is also pursuing a major $51 billion LNG project through its subsidiary, signaling significant growth potential in energy production and financial strength.

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