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Ecopetrol SA (EC)
NYSE:EC
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
0.47Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: 10.65%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Ecopetrol showcased a strong operational and financial performance in 2024, achieving record production levels, significant reserve additions, and notable environmental and sustainability achievements. Despite external challenges affecting EBITDA and refining margins, the company maintained a robust financial position and made substantial progress in energy transition initiatives.Company Guidance
During the conference call for Ecopetrol's 2024 earnings, the company provided guidance for the upcoming year, highlighting several key metrics. Ecopetrol reported a reserve replacement ratio of 104%, adding 260 million barrels of oil equivalent to its proven reserves, which doubled the addition from 2023. Production averaged 746,000 barrels of oil equivalent per day, surpassing the annual goal, with 16 exploration wells drilled and a success rate of 43%. The company exceeded its transportation target, moving an average of 1,119,000 barrels per day. Downstream operations achieved an average throughput of 414,000 barrels per day, despite facing electrical reliability challenges. Ecopetrol recorded total revenues of 133.3 trillion pesos, an EBITDA of 54.1 trillion pesos with a margin of 41%, and a net income of 14.9 trillion pesos. The company plans to invest between 24 and 28 trillion pesos in 2025, with a focus on energy security and transition. Efficiency gains reached 5.3 trillion pesos, and a dividend distribution of 214 pesos per share was proposed. The company also highlighted its achievements in sustainability, reducing greenhouse gas emissions by 462,000 tons of CO2 equivalent and achieving 81% water reuse.Record High Production Levels
Ecopetrol achieved an average production of 746,000 barrels of oil equivalent per day, the highest level in nine years, exceeding annual goals.
Strong Financial Performance
The company recorded total revenues of 133.3 trillion pesos, an EBITDA of 54.1 trillion pesos with an EBITDA margin of 41%, and a net income of 14.9 trillion pesos.
Reserve Replacement Success
Achieved a reserve replacement ratio of 104% with the addition of 260 million barrels of oil equivalent, doubling the 2023 addition.
Significant Environmental Achievements
Reduced greenhouse gas emissions by over 462,000 tons of CO2 equivalent since 2020 and achieved 81% water reuse in operations.
Notable Investments and Acquisitions
Invested over $6 billion in CapEx, including acquiring Repsol's 45% stake in the CPO-9 block, and renewed agreements with Oxy in the Permian Basin.
Dow Jones Sustainability Index Ranking
Ecopetrol obtained the second-best global rating in the oil and gas industry.
Successful Midstream Transport
Exceeded annual transportation goals with an average of 1,119,000 barrels per day.
Expansion in Energy Transition Initiatives
Progressed towards energy transition goals with significant investments in renewable energy and energy efficiency.
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EC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $9.11 | $9.37 | +2.85% |
| Nov 13, 2024 | $7.36 | $7.73 | +5.03% |
| Aug 13, 2024 | $10.51 | $10.16 | -3.33% |
| May 07, 2024 | $10.92 | $11.00 | +0.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ecopetrol SA (EC) report earnings?
Ecopetrol SA (EC) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Ecopetrol SA (EC) earnings time?
Ecopetrol SA (EC) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EC EPS forecast?
EC EPS forecast for the fiscal quarter 2025 (Q1) is 0.42.
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