Ecopetrol Challenges Tax Authority’s Customs Assessment

Ecopetrol SA ( (EC) ) has provided an update.

On May 29, 2025, Ecopetrol’s subsidiary, Refinería de Cartagena S.A.S., was notified by the Colombian Tax Authority to correct customs import declarations for gasoline, leading to a claimed debt of approximately COP 1.0 trillion plus interest. The Refinery has filed motions for reconsideration against these assessments, highlighting ongoing regulatory interpretation differences with the Tax Authority. Despite making VAT payments on imports since January 2025, Ecopetrol and the Refinery maintain their right to challenge the Tax Authority’s interpretation.

The most recent analyst rating on (EC) stock is a Sell with a $9.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.

Spark’s Take on EC Stock

According to Spark, TipRanks’ AI Analyst, EC is a Outperform.

Ecopetrol’s strong technical indicators and attractive valuation drive its high overall score, offering potential for growth. Solid financial performance supports the outlook, though challenges like high leverage and market volatility must be managed.

To see Spark’s full report on EC stock, click here.

More about Ecopetrol SA

Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, with over 19,000 employees. It is responsible for more than 60% of Colombia’s hydrocarbon production and holds leading positions in petrochemicals and gas distribution. Internationally, Ecopetrol is involved in energy transmission, drilling, and exploration in the U.S., Brazil, and Mexico, and holds significant positions in power transmission, road concessions, and telecommunications in several Latin American countries.

Average Trading Volume: 2,739,488

Technical Sentiment Signal: Strong Buy

Current Market Cap: $19.37B

For detailed information about EC stock, go to TipRanks’ Stock Analysis page.