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Ecopetrol SA (EC)
NYSE:EC
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.31Last Year’s EPS
0.57Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 39.27%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
Ecopetrol reported strong operational and financial performance with record production levels and significant financial achievements. Despite external challenges affecting refining margins and net income, the company demonstrated resilience and strategic progress in exploration and environmental initiatives.Company Guidance
In Ecopetrol's earnings conference call for the third quarter of 2024, CEO Ricardo Roa highlighted several key metrics showcasing the company's robust performance. By end of September 2024, Ecopetrol achieved a production level of 752,000 barrels of oil equivalent per day, marking a nine-year high, and transported an average of 1,126,000 barrels per day. The company's refineries reached a historic refining throughput of 418,000 barrels per day. Financially, Ecopetrol closed the first nine months with revenues of COP 98.5 trillion, an EBITDA of COP 42.3 trillion, and a net profit of COP 11 trillion, with a normalized net profit of COP 16 trillion, reflecting a 10% increase from the previous year. The EBITDA margin stood at 43%, and a successful international liability management transaction valued at $1.75 billion highlighted the company's strong credit profile. The receivable accounts from the fuel price stabilization fund decreased by 65% compared to the previous year, enhancing the company's investment conditions for 2025.Record Production Levels
Ecopetrol achieved a production of 752,000 barrels of oil equivalent, a figure not seen in the last nine years, with an average refining throughput of 418,000 barrels per day, the highest in the company's history.
Strong Financial Performance
Closed the first nine months of the year with revenues of COP 98.5 trillion, EBITDA of COP 42.3 trillion, and a net profit of COP 11 trillion. Normalized net profit would be COP 16 trillion, a 10% increase compared to 2023.
Successful Liability Management
Executed a liability management transaction in the international market for $1.75 billion, oversubscribed 2.6 times, showing a strong credit profile.
Significant Environmental and Social Achievements
Achieved a cumulative reduction of 1.89 million tons of CO2 since 2020 and invested over COP 341 billion in sustainable territorial development.
Positive Exploration and Production Developments
Exploration CapEx of $330 million, the highest in the last four years, with successful drilling and production increases in key areas.
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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 |
|---|---|---|---|
| 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% |
| Feb 29, 2024 | $10.26 | $9.96 | -2.92% |
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 Mar 04, 2025, TBA Not Confirmed.
What is Ecopetrol SA (EC) earnings time?
Ecopetrol SA (EC) earnings time is at Mar 04, 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 2024 (Q4) is 0.31.
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