BUENOS AIRES, Nov 7 (Reuters) - Argentina's
state-controlled energy company YPF swung to a net
loss of $198 million in the third quarter , the company said on
Friday, crediting the loss to a sharp increase in YPF's income
tax expense, specifically 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 the expectations of analysts polled by LSEG.
Revenues were $4.64 billion, the firm said in a filing,
down 12% from the same quarter last year and a touch below
analysts' $4.76 billion estimate.
The company said its total production reached 523,100
barrels per day, down 6% from a year ago.
Shale oil production, meanwhile, rose 35% year-on-year
to average 170,000 barrels per day. Excluding the effect of
YPF's sale of the 49% stake in Aguada del Chañar, shale
production was up 43%, the company said.