NYSE$EC
Ecopetrol SA-ADR · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Ecopetrol posts COP 2.6T profit on lower Brent despite 14% revenue drop
Ecopetrol reported Q3 2025 consolidated revenue of COP 29.8 trillion, down 13.8% year over year on lower Brent prices and export volumes, while net income attributable to shareholders was COP 2.6 trillion with a 41% EBITDA margin (EBITDA COP 12.3 trillion). Group production averaged 751 mboed and transported volumes reached 1,118 mbd. Refining throughputs hit 429 mbd with an integrated gross margin of USD 14.3 per barrel. Gross debt/EBITDA was 2.4x at quarter end, below the 2.5x ceiling.
- Q3 revenue was COP 29.8T, down 13.8% YoY; net income attributable to Ecopetrol was COP 2.6T with 41% EBITDA margin.
- EBITDA reached COP 12.3T; nine-month revenue totaled COP 90.9T with net income of COP 7.5T.
- Hydrocarbon production averaged 751 mboed; transported volumes were 1,118 mbd (+0.9% YoY).
- Refining throughputs were 429 mbd; integrated gross refining margin doubled to USD 14.3/bbl versus Q3 2024.
- Gross debt/EBITDA was 2.4x at September 30, below the 2025 limit of 2.5x.
Headline financials
Revenue & EPS history
Ecopetrol · Revenue · Quarterly
COP$29.8T
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%
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 Q3 2025
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro