NYSE$EC
Ecopetrol SA-ADR · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Ecopetrol reported Q1 2026 revenues of COP 28.6T and net income attributable to owners of COP 2.9T, with EBITDA of COP 13.5T.
In a volatile oil-price environment, Ecopetrol Group posted revenues of COP 28.6 trillion (-8.7% YoY), EBITDA of COP 13.5 trillion (+1.5%), and net income attributable to owners of COP 2.9 trillion (-7.7%). EBITDA margin reached 47%. Hydrocarbon production averaged 725 mboed; refining throughput rose 5.5% to 417 mbd.
- Revenues COP 28.6T (-8.7% YoY); EBITDA COP 13.5T (+1.5%).
- Net income to owners COP 2.9T; EBITDA margin 47%.
- Domestic crude production 520 mboed; Permian 91.8 mboed.
- 2025 dividend of COP 121/share (55.1% payout) approved.
- Capital plan COP 5.3T focused on Colombia and international ops.
Headline financials
Revenue & EPS history
Ecopetrol · Revenue · Quarterly
COP$28.6T
Revenue by segment
Ecopetrol · COP$37.8T total across 3 segments · Q3 2025
- Upstream (Exploration & Production)COP$17.4T—45.9%
- RefiningCOP$16.6T—43.9%
- Transport & LogisticsCOP$3.84T—10.1%
Forward guidance
Management prioritizes capital discipline, gas supply, and margin capture amid volatile Brent; 2026 financial plan emphasizes cost control and operational flexibility.
Tailwinds
- EBITDA margin at historically strong 47% level.
- Refining throughput and high-value product mix improved.
- Consolidated cash COP 14T with strong operating cash generation.
Headwinds
- Revenue down on lower oil prices and Middle East volatility.
- Gas production declined on field decline and seasonality.
- Geopolitical and freight volatility affect export placement.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-0.0%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.3%
Avg return
30 days after
52%
30 / 58 earnings
Positive
+7.0%
Q2 2016
Best reaction
-7.4%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.4% | +0.4% | +4.5% | |
| Q4 2025 | +4.3% | +3.0% | +23.0% | |
| Q3 2025 | +3.6% | +4.3% | -2.8% | |
| Q1 2025 | +0.4% | +5.2% | +13.8% | |
| Q4 2024 | +2.9% | +6.9% | -1.2% | |
| Q3 2024 | +3.6% | +9.4% | +10.2% | |
| Q1 2024 | +1.1% | +0.3% | +3.6% | |
| Q4 2023 | -3.3% | -9.8% | +0.8% | |
| Q3 2023 | +2.4% | +5.2% | +11.2% | |
| Q1 2023 | +0.4% | +2.6% | +14.8% | |
| Q4 2022 | +0.9% | +1.2% | -8.0% | |
| Q2 2022 | -4.2% | +0.9% | -2.4% | |
| Q1 2022 | +0.1% | +0.3% | +9.0% | |
| Q4 2021 | +2.9% | +8.3% | +15.0% | |
| Q2 2021 | -1.2% | -3.8% | +6.0% | |
| Q1 2021 | +1.3% | +4.3% | +9.6% | |
| Q4 2020 | +3.7% | -1.6% | +2.0% | |
| Q2 2020 | +2.1% | +0.0% | +2.4% | |
| Q1 2020 | -4.0% | -7.3% | +17.4% | |
| Q4 2019 | -2.7% | -9.0% | -48.0% | |
| Q3 2019 | +0.3% | +3.3% | +1.9% | |
| Q2 2019 | +0.0% | -4.2% | +2.4% | |
| Q1 2019 | -2.9% | +3.0% | -7.6% | |
| Q4 2018 | +4.1% | +1.3% | +5.0% | |
| Q3 2018 | -6.9% | -5.4% | -18.1% | |
| Q2 2018 | -3.9% | +0.3% | +21.9% | |
| Q1 2018 | +0.9% | -1.5% | -0.9% | |
| Q4 2017 | -6.6% | -6.8% | +3.1% | |
| Q3 2017 | -2.1% | +1.5% | +0.3% | |
| Q2 2017 | +1.5% | -0.1% | +3.2% | |
| Q1 2017 | +5.4% | +7.7% | -0.3% | |
| Q4 2016 | +0.5% | -0.2% | +6.3% | |
| Q3 2016 | +1.9% | +0.9% | +12.5% | |
| Q2 2016 | +7.0% | +9.3% | +1.4% | |
| Q1 2016 | -2.5% | — | — | |
| Q4 2015 | -4.0% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q1 2015 | -4.9% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q1 2014 | -0.4% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -1.6% | — | — | |
| Q4 2011 | +6.9% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q3 2011 | -7.4% | — | — | |
| Q2 2011 | +1.5% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q2 2010 | -0.6% | — | — |
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