Top Page
Ecopetrol SA
(NYSE:EC)
Ecopetrol SA (EC) vs. SPDR S&P 500 ETF (SPY)
Ecopetrol SA Business Overview & Revenue Model
Ecopetrol SA Earnings Call Summary
Ecopetrol SA Financial Statement Overview
| Breakdown |
|---|
Income Statement |
| Total Revenue |
| Gross Profit |
| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
| Total Debt |
| Total Liabilities |
| Stockholders Equity |
Cash Flow |
| Free Cash Flow |
| Operating Cash Flow |
| Investing Cash Flow |
| Financing Cash Flow |
Ecopetrol SA Technical Analysis
Ecopetrol SA Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
79 Outperform | $55.63B | 18.55 | 5.31% | 5.41% | -3.84% | 15.75% | |
77 Outperform | $7.48B | 13.74 | 17.45% | 2.57% | 28.56% | 593.72% | |
74 Outperform | $21.73B | 8.14 | 13.79% | 18.88% | -7.45% | -28.80% | |
69 Neutral | $58.30B | 11.25 | 13.46% | 7.43% | 1.53% | -35.81% | |
69 Neutral | $72.46B | 5.51 | 18.20% | 14.10% | -11.63% | -15.67% | |
54 Neutral | $13.73B | -28.02 | -4.00% | ― | -2.76% | 56.81% |
Ecopetrol SA Corporate Events
On December 22, 2025, Ecopetrol S.A. announced that Colombia’s National Hydrocarbons Agency has formalized the transfer of Shell EP Offshore Venture’s 50% stake and operatorship in the COL 5, Purple Angel and Fuerte Sur offshore contracts in the southern Caribbean, giving Ecopetrol full ownership of the rights, interests and obligations in these exploration and production blocks. The company said it will continue advancing the development of existing gas discoveries in these areas—such as Kronos-1, Purple Angel, Gorgon-1, Gorgon-2 ST2 and Glaucus-1—by moving toward the project development phase, including planning an onshore gas evacuation route, integrating with the national gas transportation system and shaping the necessary regulatory and commercialization frameworks. Ecopetrol will also assess whether to retain 100% of the assets or bring in a strategic partner to add technical expertise and financial support, a decision that could influence capital allocation and risk-sharing for these offshore projects. The move underscores Ecopetrol’s strategy to bolster Colombia’s future natural gas supply and reinforces its positioning of gas as a key complementary fuel in the country’s broader energy transition efforts.
The most recent analyst rating on (EC) stock is a Hold with a $8.70 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On December 19, 2025, Ecopetrol S.A. began an early collective bargaining process with the Unión Sindical Obrera (USO), after the union filed a complaint before Colombia’s Ministry of Labor against the current collective bargaining agreement that runs from January 1, 2023, to December 31, 2025. The filing, made within the legally required 60-day window before the agreement’s expiration, triggers a formal process under the Colombian Labor Code in which Ecopetrol must first await administrative steps by the Ministry before USO presents its list of demands that will frame the negotiations; the company has indicated it will report further developments as required, signaling a potentially significant negotiation phase for labor relations and operational stability ahead of the agreement’s expiry.
The most recent analyst rating on (EC) stock is a Hold with a $8.70 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On December 22, 2025, Ecopetrol S.A. reported that Fitch Ratings downgraded the company’s global credit rating from BB+ to BB with a Stable Outlook, mirroring the cut to Colombia’s sovereign rating made on December 16 and underscoring the tight linkage between the state-controlled oil major and the country’s credit profile. Despite the downgrade at the global level, Fitch kept Ecopetrol’s Standalone Credit Profile at ‘bbb-’ within investment grade, recognizing its strategic importance as Colombia’s dominant hydrocarbon producer, which may help reassure investors and other stakeholders about the underlying strength of its operations even as the sovereign-driven rating action could influence its future funding costs and market perception.
The most recent analyst rating on (EC) stock is a Hold with a $8.70 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On December 22, 2025, Ecopetrol S.A. issued a clarification in response to media reports about a potential acquisition in Brazil, stating that it is routinely evaluating inorganic growth opportunities as part of its diversification strategy and is currently assessing alternatives in the Brazilian market where it already operates. The company emphasized that these reviews remain at a preliminary stage, with no binding commitments or obligations in place that would qualify as material information, and pledged to inform the market in line with regulatory requirements should any decision on a specific transaction arise, signaling a cautious but active stance on regional expansion that stakeholders should watch closely for future developments.
The most recent analyst rating on (EC) stock is a Hold with a $8.70 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On December 10 and 11, 2025, Ecopetrol S.A.’s board of directors approved a new composition for its supporting committees following the resignations of directors Mónica de Greiff Lindo and Guillermo García Realpe. The changes reflect a strategic reorganization aimed at strengthening the company’s governance and operational efficiency. The company expressed gratitude to the departing directors for their significant contributions, emphasizing their roles in advancing Ecopetrol’s strategic initiatives and commitment to Colombia’s development.
The most recent analyst rating on (EC) stock is a Hold with a $8.70 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
Ecopetrol S.A. announced its 2026 Annual Investment Plan, with a budget between COP 22 and 27 trillion, maintaining investment levels similar to 2025. The plan allocates 70% of the budget to oil production and refining, while 30% is dedicated to energy transition and infrastructure projects. The company aims to produce up to 740 thousand barrels of oil equivalent per day and maintain refinery throughput of up to 420 thousand barrels per day. The plan anticipates a challenging market environment with a Brent price of US$60 per barrel and focuses on profitability and liquidity through cost reductions. Ecopetrol plans to drill up to 430 development wells and invest significantly in energy transition projects to enhance clean energy capacity.
The most recent analyst rating on (EC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On November 27, 2025, Ecopetrol S.A.’s board of directors appointed Ángela María Robledo Gómez as Chairwoman and Álvaro Torres Macías as Vice Chairman. Additionally, Dr. Guillermo García Realpe announced his resignation as an Independent Director, effective December 12, 2025, citing personal reasons. The board expressed gratitude for his contributions. These changes reflect ongoing governance adjustments within the company, potentially impacting its strategic direction and stakeholder relations.
The most recent analyst rating on (EC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On November 21, 2025, Ecopetrol S.A. received authorization from the Ministry of Finance and Public Credit to enter into a loan agreement with international banks for up to USD 530 million. This five-year credit facility, involving Banco Latinoamericano de Comercio Exterior and Sumitomo Mitsui Banking Corporation, will support Ecopetrol’s investment plans as part of its 2025 financing strategy. The agreement, governed by New York law, underscores the financial sector’s confidence in Ecopetrol’s strategy despite market volatility, ensuring favorable financing terms for the company.
The most recent analyst rating on (EC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On November 18, 2025, Ecopetrol S.A. announced the appointment of Mr. Juan Carlos Hurtado Parra as the Alternate Legal and Commercial Representative. This decision by the Board of Directors is part of the company’s ongoing efforts to strengthen its leadership and operational capabilities, potentially impacting its strategic positioning in the energy sector.
The most recent analyst rating on (EC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On November 13, 2025, Ecopetrol S.A. announced the acquisition of a solar project portfolio in Colombia from Statkraft, including six special purpose entities owning solar projects totaling approximately 0.6 GW, for USD157.5 million. This acquisition aligns with Ecopetrol’s 2040 Strategy, enhancing its low-emission energy generation capabilities and supporting its energy transition goals. The transaction strengthens Ecopetrol’s competitive position in renewable energy, complementing its traditional oil and gas operations.
The most recent analyst rating on (EC) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
Ecopetrol S.A. reported strong financial performance for the first nine months of 2025, with revenues of COP 90.9 trillion and a net income of COP 7.5 trillion, despite challenges such as crude price volatility and exchange rate fluctuations. The company has made significant strides in enhancing Colombia’s energy security by increasing natural gas output and securing environmental clearance for LNG import activities. Additionally, Ecopetrol has expanded its renewable energy capacity with the launch of La Iguana Solar Farm and improved its workplace environment, achieving a ‘Highly Satisfactory’ ranking from the Great Place to Work Institute.
The most recent analyst rating on (EC) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On November 11, 2025, Ecopetrol S.A. held an extraordinary General Shareholders’ Meeting where shareholders approved an amendment to the company’s bylaws. The meeting, which complied with Colombian legal requirements, also saw the appointment of Germán Ávila as Chair and the establishment of committees for elections and minutes review. The amendment approval reflects Ecopetrol’s ongoing efforts to adapt its governance structure, potentially impacting its strategic operations and stakeholder relations.
The most recent analyst rating on (EC) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On November 11, 2025, Ecopetrol S.A. announced significant changes in its senior management, effective November 16. Juan Carlos Hurtado Parra was appointed as Executive Vice President of Hydrocarbons, succeeding Rafael Ernesto Guzmán Ayala, who will pursue new challenges within the company. Rodolfo Mario García Paredes was confirmed as Chief Compliance Officer. These appointments are expected to bolster Ecopetrol’s leadership and strategic direction in the energy sector.
The most recent analyst rating on (EC) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
Ecopetrol S.A. announced it will release its third-quarter 2025 financial and operating results after market close on November 13, 2025. A virtual conference call to discuss these results will be held on November 14, 2025, with options for Spanish and English transmission. This announcement is significant as it provides stakeholders with insights into the company’s performance and strategic direction, potentially impacting its market position and investor relations.
The most recent analyst rating on (EC) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On October 30, 2025, Fitch Ratings reaffirmed Ecopetrol’s global credit rating at ‘BB+’ with a Negative Outlook, while maintaining its Standalone Credit Profile at ‘bbb-‘. The national long- and short-term ratings were affirmed at ‘AAA (col)’ with a Stable Outlook and ‘F1+(col)’, respectively. These ratings reflect Ecopetrol’s strategic importance to Colombia, its solid financial profile, and stable operating metrics, indicating a strong investment-grade standing that surpasses its global rating by one notch.
The most recent analyst rating on (EC) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On October 21, 2025, Ecopetrol S.A. received authorization from the Ministry of Finance and Public Credit to secure a domestic loan of up to COP 700,000 million from Banco Davivienda. This loan, structured as a non-revolving committed credit line, will have a five-year term with a bullet repayment at maturity and interest indexed to the IBR rate. The funds are intended for non-investment expenditures, aligning with the company’s financing plan. The favorable terms of this credit line highlight the confidence of the domestic financial sector in Ecopetrol’s strategy and are expected to positively impact the company’s liquidity and financial stability, sending a reassuring signal to credit rating agencies.
The most recent analyst rating on (EC) stock is a Buy with a $9.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
Ecopetrol S.A. has announced an extraordinary General Shareholders’ Meeting scheduled for November 11, 2025, in Bogota, Colombia. The meeting will be conducted in person with electronic voting options and live streaming available. Shareholders are encouraged to attend with smart devices, and provisions have been made for those unable to do so. The agenda includes safety guidelines, quorum verification, and amendments to corporate bylaws, indicating potential strategic shifts within the company.
The most recent analyst rating on (EC) stock is a Buy with a $9.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
Ecopetrol S.A. has announced an extraordinary General Shareholders’ Meeting scheduled for November 11, 2025, in Bogota, Colombia. The meeting will address several agenda items, including amendments to the corporate bylaws. Shareholders can participate in person or via live streaming, with electronic voting facilitated through smart devices. The company has provided mechanisms for those unable to attend physically, ensuring broad shareholder participation. This meeting is crucial for Ecopetrol’s governance and operational adjustments, potentially impacting its strategic direction and stakeholder engagement.
The most recent analyst rating on (EC) stock is a Buy with a $9.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.
On October 14, 2025, Dr. Mónica De Greiff Lindo announced her resignation as an independent member and Chair of Ecopetrol’s board of directors, effective immediately. The company plans to notify its majority shareholder and initiate procedures to appoint her replacement, with Vice Chair Dr. Angela María Robledo Gómez stepping in as interim Chair. Ecopetrol expressed gratitude for Dr. De Greiff Lindo’s contributions during her three-year tenure.
The most recent analyst rating on (EC) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.