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Ecopetrol SA
(NYSE:EC)
Ecopetrol SA (EC) vs. SPDR S&P 500 ETF (SPY)
Ecopetrol SA Business Overview & Revenue Model
Ecopetrol SA Key Performance Indicators (KPIs)
Highlights earnings before interest, taxes, depreciation, and amortization for each business segment, providing insight into the profitability and operational efficiency of different areas within the company.
The FlyEcopetrol SA Earnings Call Summary
Ecopetrol SA Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 91.88T | 50.22T |
| Gross Profit | 39.74T | 46.85T | 55.01T | 70.15T | 36.30T | 12.66T |
| EBITDA | 41.82T | 55.75T | 59.83T | 73.81T | 40.72T | 17.36T |
| Net Income | 10.31T | 13.84T | 21.06T | 31.60T | 15.65T | 1.59T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 13.73T | 14.91T | 14.20T | 16.56T | 16.18T | 7.28T |
| Total Debt | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 95.06T | 46.73T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 84.19T |
| Stockholders Equity | 80.71T | 83.70T | 78.39T | 91.03T | 68.49T | 49.90T |
Cash Flow | ||||||
| Free Cash Flow | 17.21T | 32.54T | 5.77T | 26.69T | 14.62T | 2.10T |
| Operating Cash Flow | 29.80T | 42.83T | 14.42T | 36.28T | 21.22T | 6.77T |
| Investing Cash Flow | -22.15T | -26.01T | -20.71T | -22.45T | -22.64T | -8.34T |
| Financing Cash Flow | -10.98T | -16.37T | 5.76T | -14.70T | 11.10T | -262.99B |
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 | $57.99B | 19.12 | 5.31% | 5.37% | -3.84% | 15.75% | |
78 Outperform | $7.34B | 14.28 | 17.45% | 2.54% | 28.56% | 593.72% | |
77 Outperform | $79.44B | 5.89 | 18.20% | 12.95% | -11.63% | -15.67% | |
74 Outperform | $20.72B | 7.44 | 13.79% | 17.79% | -7.47% | -28.81% | |
69 Neutral | $58.09B | 10.81 | 13.46% | 7.33% | 1.53% | -35.81% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | $15.02B | ― | -4.00% | ― | -2.76% | 56.81% |
Ecopetrol SA Corporate Events
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Ecopetrol S.A. announced that it has entered into a confidentiality agreement with Canadian gas producer Canacol Energy in late August 2025. This agreement aims to facilitate information exchange under legal safeguards without creating binding obligations or commitments for future actions. The company reassures stakeholders that any significant activities requiring public disclosure will be communicated through official channels, ensuring transparency in its operations.