Colombia · Delayed Price · Currency is COP Ecopetrol Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 2026 results with revenue up 35% and net income up 235% year-over-year, driven by high crude prices, strong refining, and disciplined execution. Production guidance is maintained, with recovery actions underway and Brava Energia set to add 42,000 boe/d in Q3.
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Strong Q1 2026 results with revenue of COP 28.6T, EBITDA of COP 13.5T, and net income of COP 2.9T, driven by robust refining margins and disciplined cost control. Strategic moves included the Brava Energia acquisition and expansion in renewables.
Fiscal Year 2025
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Delivered strong 2025 results with COP 46.7T EBITDA and COP 9T net income, despite lower oil prices and higher taxes. Achieved record reserves replacement, advanced energy transition, and maintained robust liquidity and capital discipline.
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Strong operational and financial performance in Q3 2025, with EBITDA and net income up sequentially, robust production, and significant progress in sustainability and energy transition. Efficiency gains and disciplined capital allocation offset oil price and FX volatility.
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Record production and strong operational performance offset lower crude prices and external disruptions. Efficiency gains, renewable investments, and disciplined capital allocation supported profitability, with net income at COP 4.9 trillion and EBITDA margin at 40%.
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Q1 2025 saw stable financial results despite Brent price volatility, with net income of COP 3.1 trillion and EBITDA of COP 13.3 trillion. Production reached a five-year high, and efficiency gains offset cost pressures. Strategic flexibility and robust liquidity measures are in place.
Fiscal Year 2024
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Operational and financial targets were met in 2024, with record reserve replacement, strong production, and robust cash flow. The 2025 outlook includes continued investment in energy security and transition, with a focus on cost control and efficiency.
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Production and refining throughput reached nine-year highs, with revenues of COP 98.5 trillion and EBITDA of COP 42.3 trillion for the first nine months. Despite external pressures, profitability remained strong, and major investments in hydrocarbons and energy transition are on track.
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Record operational performance in H1 2024 drove strong EBITDA and cash flow, despite external headwinds like FX and inflation. Production, transport, and refining hit multi-year highs, while cost efficiencies and ESG initiatives advanced. CapEx and guidance remain unchanged.