Ecopetrol ( (EC) ) has released its Q3 earnings. Here is a breakdown of the information Ecopetrol presented to its investors.
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Ecopetrol, a leading integrated oil and gas company in Colombia, operates across the hydrocarbon value chain, including exploration, production, refining, and transportation, while also advancing in energy transition initiatives. In its latest earnings report, Ecopetrol highlighted its focus on strengthening traditional business operations, maintaining capital discipline, and driving sustainable value through strategic projects. The company reported third-quarter revenues of COP 29.8 trillion, an EBITDA of COP 12.3 trillion with a 41% margin, and a net income of COP 2.6 trillion. For the first nine months, revenues totaled COP 90.9 trillion, with an EBITDA of COP 36.7 trillion and a net income of COP 7.5 trillion. Key achievements include increased natural gas output, securing environmental clearance for LNG activities, and the operation of a new solar farm contributing to decarbonization efforts. Despite challenges such as lower crude prices and exchange rate volatility, Ecopetrol remains committed to its 2025 targets, focusing on operational flexibility and value creation for shareholders.