Quarterly ResultAug 4, 2026, 06:07 AM
Ecopetrol Q2 Net Income +235% to COP 6.1T; Revenue +35% to COP 40.2T
AI Summary
Ecopetrol Group reported strong financial results for Q2 2026, with net income soaring 235% to COP 6.1 trillion and revenue increasing 35% to COP 40.2 trillion. EBITDA grew 59% to COP 17.7 trillion, driven by record performance in the Refining segment, which achieved an all-time high throughput of 439 kbpd and a gross refining margin of USD 29.8/bbl. Despite a 6.6% decrease in hydrocarbon production to 706 mboed due to external disruptions, the company maintained a strong liquidity position and improved its Gross Debt-to-EBITDA ratio to 2.0x.
Key Highlights
- Net income surged 235% to COP 6.1 trillion in Q2 2026 compared to Q2 2025.
- Revenue increased 35% to COP 40.2 trillion in Q2 2026.
- EBITDA grew 59% to COP 17.7 trillion, with an EBITDA margin of 44% in Q2 2026.
- Refinery throughput reached an all-time high of 439 kbpd, with a gross refining margin of USD 29.8/bbl.
- Hydrocarbon production averaged 706 mboed, a 6.6% decrease from Q2 2025.
- Gross Debt-to-EBITDA ratio improved to 2.0x, down 0.2x from Q2 2025.
- Organic investments for 1H 2026 totaled COP 10.9 trillion (USD 2,985 million).
- Distributed COP 5.0 trillion in dividends during the period.
Price Impact
More from EC