Ecopetrol (EC)
NYSE:EC
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.92Last Year’s EPS
0.24Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial performance: strong EBITDA (COP 13.5T) and a 47% margin, refinery results and throughput gains, production stability with maintained annual guidance, meaningful cost reductions, healthy liquidity and free cash flow, and clear progress on strategic transactions and gas/import solutions. Offsetting these positives were notable external pressures — FX appreciation, wider crude differentials, higher freight/logistics costs, tax headwinds (including a material wealth tax), some short-term production declines (gas and international), and transactional/regulatory uncertainties. On balance, the highlights (profitability, cash generation, operational gains, portfolio and gas initiatives) outweigh the lowlights, though the company still faces meaningful macro and tax challenges that temper the outlook.Company Guidance
Strong Group Financial Results
Revenues of COP 28.6 trillion, EBITDA of COP 13.5 trillion, and net income of COP 2.9 trillion in Q1 2026; EBITDA margin expanded to 47%, and free cash flow was positive at COP 4.0 trillion.
Robust Refining Performance
Consolidated refinery throughput of 417,000 barrels per day, a 5% increase versus Q1 2025; refining margin reached $17.3/ barrel, a 60% year-over-year increase; refining segment EBITDA was COP 1.9 trillion (nearly 2.9x higher than Q1 2025).
Solid Production and Production Guidance Maintained
Total production of 725,000 barrels of oil equivalent per day; domestic crude production of 527,000 bpd; company maintains full-year production target of 730,000–740,000 boe/d.
Transportation and Logistics Utilization
Transported ~1.12 million barrels per day (approx. 2–3% increase YoY), captured ~27,000 bpd of third-party volumes, and implemented the Coveñas-Ayacucho reversal to import ~18,000 bpd into Barrancabermeja.
Upstream Portfolio Optimization via Partnerships
Signed farm-in agreements: Parex will fund ~$250 million (potential to add ~94 million boe gross) and Gran Tierra will fund ~$92 million (potential to add ~30 million boe gross), accelerating development of mature assets while de-risking CapEx.
Progress on International Expansion (Brava Energia)
Agreement to acquire ~26% of Brava Energia with a volunteered tender offer to reach up to 51%; Brava (2025 figures) reported ~459 million boe 1P reserves, ~81,000 bpd production and EBITDA of ~$806 million — deal aims to diversify assets and expand regional footprint (closing subject to conditions).
Cost and Efficiency Improvements
Hydrocarbon total unit costs at COP 166,601/boe, down 9% QoQ and 13% YoY; lifting costs COP 45,916/boe (down 4% QoQ and 11% YoY); achieved COP 702 billion of efficiency optimizations and additional energy/operational savings reported (e.g., COP ~24 billion energy optimization).
Strong Liquidity and Leverage Metrics
Ending cash balance of COP 14 trillion (COP 12.9T cash & equivalents + COP 1.1T investment portfolios), operating cash flow COP 7.2 trillion; gross debt-to-EBITDA at 2.3x (1.6x excluding ISA); $1.25 billion liability management transaction reduced cost of debt by ~90 bps.
Advances in Gas and Energy Transition
Progress structuring regasification/import solutions to deliver 126–370 million cu ft/day from the Caribbean; signed logistics/regasification agreement (Puerto Bahía) and tender for Buenaventura; strengthened renewable pipeline with expected +347 MW in 2026 (total 1,298 MW) and completed Quifa 50 MWp solar.
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
EC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $13.08 | $12.87 | -1.61% |
Mar 04, 2026 | $11.04 | $12.01 | +8.80% |
Nov 14, 2025 | $9.54 | $9.90 | +3.80% |
Aug 12, 2025 | $8.13 | $8.15 | +0.34% |
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.
FAQ
When does Ecopetrol (EC) report earnings?
Ecopetrol (EC) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Ecopetrol (EC) earnings time?
Ecopetrol (EC) earnings time is at Aug 05, 2026, After Close (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 2026 (Q2) is 0.92.