Quarterly ResultMay 13, 2026, 06:07 AM
Ecopetrol Q1 Revenue COP 28.6T, EBITDA COP 13.5T; 47% Margin
AI Summary
Ecopetrol reported Q1 2026 revenues of COP 28.6 trillion, down 8.7% year-over-year, and net income of COP 2.9 trillion, down 7.7%. Despite this, EBITDA increased by 1.5% to COP 13.5 trillion, with the EBITDA margin reaching a strong 47% due to operational flexibility and efficiency. Operational highlights include increased refining throughput and transported volumes, successful exploration, and progress in energy transition projects like the Quifa Solar Farm. The company also announced a potential acquisition in Brazil and shareholders approved a dividend of COP 121 per share.
Key Highlights
- Q1 2026 Revenue was COP 28.6 trillion, a decrease of 8.7% compared to 1Q25.
- Q1 2026 EBITDA reached COP 13.5 trillion, an increase of 1.5% compared to 1Q25.
- Q1 2026 Net Income was COP 2.9 trillion, a decrease of 7.7% compared to 1Q25.
- EBITDA margin improved to 47% in Q1 2026, up 4.7 percentage points from 1Q25.
- Hydrocarbons production stood at 725 mboed, a 2.8% decrease from 1Q25.
- Refining throughput increased to 417 mbd, up 5.5% from 1Q25, with refining margin 60% higher.
- Shareholders approved a dividend of COP 121 per share for 2025 net income.
- Organic investments amounted to COP 5.3 trillion (USD 1,438 million) in Q1 2026.