Ecopetrol SA - ADR

Ecopetrol SA - ADR

EC

Get informed when a big investor buys or sells

+ Follow
Market Cap$30.04B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Ecopetrol SA - ADREcopetrol SA - ADR12.78%11%-1.4

Earnings Call Q1 2026

May 13, 2026 - AI Summary

Strong operating delivery despite volatile macro/geopolitics (Q1’26): - Production: 725k boe/d (full-year target maintained 730k–740k boe/d). Domestic oil 527k bbl/d (up vs Q4’25), while gas sales down ~5k boe/d (seasonality) and international down ~5k boe/d (Permian investment + maintenance). - Midstream/transport: ~1.1m bbl/d transported (~+3% YoY), benefiting from bidirectional Coveñas–Ayacucho reversal (enables ~18k bbl/d crude imports to Barrancabermeja) and third-party volumes (~+27k bbl/d). - Refining: consolidated throughput 417k bbl/d (+5% YoY); valuable product yield 73% (+2pp). - Surprising positive: refining economics improved sharply—refining margin $17.3/bbl (+60% YoY) on favorable crack spreads + execution.
Financial performance: EBITDA margin expansion, but FX/logistics costs remain a headwind: - Group results: Revenues COP 28.6tn, EBITDA COP 13.5tn, net income COP 2.9tn. - Margins: EBITDA margin 47% (expanded vs prior year/quarters), driven by stronger downstream contribution. - Downside drivers: Colombian peso appreciation pressured revenue; widened crude differentials vs prior year; higher logistics costs (especially freight) pressured value chain economics; FX also hit some USD-denominated metrics. - Hydrocarbon profitability improvement: hydrocarbon EBITDA per barrel $27 and margin 40%, with unit cost improvement -9% QoQ and -13% YoY (local currency), though FX still a pressure.
Energy transition/gas: active contracting for imports to address structural gas deficit risk: - Current supply contracting: reached 296 GBTUDs in Q1 (about 52% of market contract/volume share); Ecopetrol emphasized it offered firm long-term gas. - Regasification/import plans (2026): - Caribbean: logistics/regasification framework enables delivery into the national system of ~126 to 307 GBTUDs. - Colombian Pacific (Buenaventura): open tender for LNG ex-ship, capacity ~60 GBTUDs linked to Buga commitments; expected contract signing + first cargo in 2H’26. - Risk signal: El Niño/seasonality mentioned as potential production/demand risk affecting the remainder of the year.

Exclusive for Stockcircle Pro members

Sign upSign Up
$13.17

Target Price by Analysts

15.5% downsideEcopetrol SA Target Price DetailsTarget Price
$4.47

Current Fair Value

71.3% downside

Overvalued by 71.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$30.04 Billion
Enterprise Value$95.49 Trillion
Dividend Yield$1.17 (8.00%)
Earnings per Share$4075.4
Beta-0.04
Outstanding Shares2,055,695,000

Return

Return on Equity10.92%ROE
Return on Assets3.03%
Return on Invested Capital10.99%

Valuation & Multiples

P/E Ratio12.71P/E Ratio
PEG-151.66PEG
Price to Sales0.0Price to Sales
Price to Book Ratio0.0Price to Book Ratio
Enterprise Value to Revenue0.82
Enterprise Value to EBIT3.58
Enterprise Value to Net Income10
Total Debt to Enterprise1.13
Debt to Equity1.36Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 12, 2026
EPS Estimate
$0.54
Average shareholder expectation
Revenue Estimate
$8.01 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$1.00
Average shareholder expectation
Revenue Estimate
$9.43 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.2441▼ 44.25%
Total Calls2,920,500▲ 512.52%
Total Puts713,000▲ 117.78%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %1.24%▲ 0.12%
Total Invested$380.95M▲ 65.20%
Investors Holding173▲ 28.00%

ESG Score

No data

About Ecopetrol SA

CEO: Felipe Bayon Pardo

Relevant Senate Committees

Joint Committee on Taxation

Provides official revenue estimates and technical expertise for tax legislation, directly influencing corporate tax structures, capital investment credits, and overall fiscal policy highly relevant to large international corporations like Ecopetrol.

Finance

Controls US taxation and trade policy, which directly influences global energy trade, tariffs, corporate tax structures, and overall profitability for international oil and gas companies operating in or trading with the US.

Agriculture, Nutrition, and Forestry

Oversees the CFTC, which regulates the massive derivatives/futures markets for commodities like crude oil and natural gas, directly impacting trading, hedging strategies, and market liquidity for Ecopetrol.

Banking, Housing, and Urban Affairs

Regulates the entire financial system, directly impacting access to capital, foreign exchange, investment, and compliance for all large corporations, including foreign oil and gas companies reliant on global financial markets.

Select Committee on Intelligence

Members receive classified briefings on global geopolitical stability and energy security, which can directly impact global oil supply, demand, and prices, highly relevant to an oil and gas company's valuation.

Energy and Natural Resources

Directly oversees US national energy policy, public lands, and oil/gas leasing regulations, significantly influencing global energy supply dynamics, prices, and the competitive landscape for oil and gas producers.

Foreign Relations

US foreign policy, sanctions, and international trade agreements directly influence global energy markets, geopolitical stability in oil-producing regions, and access to international finance for foreign oil companies like Ecopetrol.