Ecopetrol SA - ADR
EC - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$31.97B
Close$
Earnings Call Q2 2026
August 4, 2026 - AI Summary
Record financial performance (good/surprising): Q2’26 delivered COP 4.2tn revenue, COP 17.7tn EBITDA (+59% YoY) with 44% EBITDA margin (~+6pp YoY), and COP 6.1tn net income (+235% YoY)—driven by (i) Brent ~USD 97/bbl and improving international refining margins, (ii) better crude differentials (+USD 3.67/bbl vs Q1) despite heavy-crude headwinds, and (iii) stronger value capture from refining + transportation (refining especially a key driver).
Refining strength is a major value engine (good): Refining achieved the highest quarterly throughput in history: 439 kbpd (+6% YoY). Refining gross margin ~USD 29.8/bbl vs USD 12.5/bbl in Q2’25, supported by high plant availability/operational flexibility, reducing Colombia’s import needs. Cartagena margin reached $31.6/bbl and Barrancabermeja hit record throughput.
Production outlook: comfortable, but disrupted first half (mixed/negative + risk): Reported 706k boe/d for Q2; H1 average 715k boe/d. Main negative driver: 76-day blockade in Meta plus electrical disruptions delayed projects and created deferred production up to ~23 kbpd (CPO-09/Castilla/Chichimene). Management says blockades were lifted and they’re stabilizing, and they remain “comfortable” with full-year production target of ~730k–740k boe/d. They also flagged El Niño risk to electricity/operations and are implementing mitigation actions (electric reliability, planning, ensuring energy supply).
Exclusive for Stockcircle Pro members
Sign up
$4.47
71.2% downside
Current Fair Value
71.2% downsideOvervalued by 71.2% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $31.97 Billion |
|---|---|
| Enterprise Value | $93.06 Trillion |
| Annual dividend | $0.65 |
| Dividend yield | 3.78% |
| Earnings per Share | $4075.4 |
| Beta | 0.56 |
| Outstanding Shares | 2,055,761,000 |
Return
| Return on Equity | 15.24% |
|---|---|
| Return on Assets | 4.56% |
| Return on Invested Capital | 13.90% |
Valuation & Multiples
| P/E Ratio | 9.07 |
|---|---|
| PEG | 4.33 |
| Price to Sales | 0.0 |
| Price to Book Ratio | 0.0 |
| Enterprise Value to Revenue | 0.75 |
| Enterprise Value to EBIT | 2.83 |
| Enterprise Value to Net Income | 7 |
| Total Debt to Enterprise | 1.09 |
| Debt to Equity | 1.24 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 12, 2026
EPS Estimate
$0.79
Consensus analyst estimateRevenue Estimate
$10.51 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 10, 2026
EPS Estimate
$0.62
Consensus analyst estimateRevenue Estimate
$10.28 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 28.04% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.04%▼ 1.42% |
|---|---|
| Total Invested | $13.24M▼ 97.10% |
| Investors Holding | 27▼ 154.00% |
About Ecopetrol SA
CEO: Felipe Bayon Pardo
