Ecopetrol

Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates through the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals. The Exploration and Production segment deals with oil and gas exploration and production activities. The Transportation and Logistics segment comprises of pipelines and other transportation activities. The Refining and Petrochemicals segment involves in refining activities and its products include motor fuels, fuel oils, and petrochemicals. The company was founded in 1948 and is headquartered in Bogota, Colombia.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Ecopetrol excels in Q2 with strong financials and sustainability focus

Ecopetrol's Q2 performance reflects financial strength, operational resilience, and commitment to sustainability and innovation.
Challenges include environmental factors, gasoline imports, and limited refining capacity growth opportunities in Colombia.
Opportunities exist in resolving disputes, aligning fuel prices, and investing in low-emission businesses for future growth and competitiveness.
Debt refinancing, capital allocation plans, and market monitoring demonstrate financial prudence and strategic planning by Ecopetrol.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Antero Midstream Partners

TotalEnergies SE

Three stocks, Antero Midstream (AM), TotalEnergies (TTE) and Ecopetrol (EC), have surpassed the energy sector year to date and yet have more upside potential.

3 Energy Stocks Up More Than 10% YTD With More Room to Run

Petroleo Brasileiro

Vertex Energy

The iShares Global Energy ETF (NYSEARCA: IXC ) has only risen 3.9% year-to-date (YTD), indicating energy stocks have had a mixed year. However, things could change for oil stocks as we enter the winter months.

3 Oil Stocks That Could Heat Up This Winter

Liberty Oilfield Services

After selling off nearly 25% over the last six weeks, the price of crude oil has staged a powerful reversal, which I believe signals a bottom in the market. Based on the economic readings of a strong economy, and persistently tight supply in oil supply I think the prices of oil rallies into year end.

Oil Prices on the Rise: 3 Top Ranked Energy Stocks Breaking Out Now

BOGOTÁ, Colombia , Nov. 9, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group's financial results for the third quarter and cumulative year to date for 2023, prepared under International Financial Reporting Standards in Colombia.

Ecopetrol's third quarter 2023 results

BOGOTÁ, Colombia , Nov. 9, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") informs that today the news website www.bluradio.com reported the convening of an extraordinary meeting of the General Shareholders' of Ecopetrol.

Ecopetrol refers to the information disclosed today, November 8, 2023, by a news website about a General Shareholders' Meeting of Ecopetrol S.A.

Ecopetrol S.A. (EC) Q3 2023 Earnings Call Transcript

Colombia's majority state-owned oil firm Ecopetrol on Tuesday posted third-quarter net profit that was down 47% from a year earlier, citing crude prices that lagged behind 2022 highs while output kept growing.

Colombia's Ecopetrol posts slump in Q3 net profits as oil production grows

Ecopetrol (EC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Ecopetrol (EC) This Earnings Season?

Ares Capital

Banco de Chile

British American Tobacco

Citizens Financial Group

Energy Transfer LP Unit

Altria

MPLX

NatWest Group plc 

Telefonica SA

Vodafone Group

Walgreens

Western Gas Partners

We recently published this list of 50 large-cap high-dividend stocks as of 10/27/23 per data from YCharts. The list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation went belly-up.”. Investors reduce volatility/risk by limiting high-dividend search to large-well-established companies.

50 Large-Cap High-Yield Stocks For November

Ecopetrol is an excellent alternative to US oil majors. The company owns assets in the Caribbean and Pacific shelf. Since the oil crash in March 2020, the company has recovered its profitability while maintaining balanced leverage. EC pays dividends with solid yield, too. Companies extracting fossil fuels in the Latin American region will become more attractive to investors. The continent has been the most peaceful for over a century, with zero interstate wars.

Ecopetrol: Oil Stock For Adventurous Dividend Seekers

Bancolombia

Euronav

Himax Tech

HSBC Holdings

Hercules Capital

ICL-Israel Chemicals

Dorian LPG

Nu Skin Enterprises

Blue Owl Capital Corp

Provident Financial Services

RMR Group

Sibanye Stillwater

Sociedad Quimica Y Minera De Chile

TORM

“Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 68 November Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 58 met the dogcatcher-Notorious-ideal of dividends from $1K invested exceeding their single-share-stock-prices. Representing eight-of-eleven Morningstar Sectors, all 58 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 38.29%-81.03%, topped by SBSW & SQM, as-of 10/23/23.

68 Ben Graham November Value Stocks: 58 Notorious Buys

Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy, Ecopetrol CEO Ricardo Roa said on Tuesday, in response to a union statement which alleged executive decision-making is threatening the majority state-owned company's future.

Ecopetrol CEO says oil industry's future not threatened by energy transition

Global oil prices remain high amid geopolitical tensions, offering risks and opportunities for Energy sector stocks and dividend investors. I am upgrading Ecopetrol from sell to hold due to its decent operating performance and stabilizing earnings.

Ecopetrol: A Beneficiary Of Rising Oil Prices, Macro Risks Still Apparent

BOGOTÁ, Colombia , Oct. 19, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) confirms that the Glaucus-1 well has verified the presence of natural gas in the deep waters of the southern Colombian Caribbean, underscoring the significance of the gas reserve in this region of the country.

Drilling of deepwater Glaucus-1 well confirms extension of gas province in the Colombian Caribbean

BOGOTÁ, Colombia , Oct. 14, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Board of Directors, during its meeting held on October 13, 2023, appointed Luis Felipe Rivera as the Vice President of Science, Technology, and Innovation, effective from October 23, 2023.

Ecopetrol reports that Luis Felipe Rivera has been appointed as Vice President of Science, Technology, and Innovation

BOGOTÁ, Colombia , Oct. 10, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its third TCFD report as of December 31, 2022, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets.

Ecopetrol Group presents its third specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

Colombia will pay majority state-owned oil company Ecopetrol more than 8 trillion pesos (about $2 billion) for its cash contribution to the Fuel Price Stabilization Fund (FEPC) corresponding to the third quarter of 2022, according to a document seen by Reuters.

Colombia government to pay $2 bln to Ecopetrol to support fuel fund

BOGOTÁ, Colombia , Oct. 2, 2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) informs that the Board of Directors, in its meeting on September 29, 2023, made the following appointments:   Germán González Reyes as Vice President of Corporate Affairs and General Secretary, effective immediately.

Ecopetrol informs appointments in senior management and legal representation

Crown Castle International

Stellantis N.V. 

AT&T

Truist Financial

Dogsofthedow.com recently published this list of 50 large-cap high-dividend stocks as of 9/28/23. The DOD list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation went belly-up”. Investors reduce volatility/risk by limiting high-dividend search to large well-established companies.

50 Large-Cap High-Yield Stocks For October

BOGOTA, Colombia , Sept. 28, 2023 /PRNewswire/ -- Ecopetrol S.A.

Moody's Investors Service affirmed Ecopetrol S.A.'s investment grade rating at Baa3

Refineria de Cartagena (Reficar), a refinery belonging to Colombia's majority state-owned oil company Ecopetrol , has asked a New York federal judge to freeze certain assets of CB&I, a McDermott International subsidiary, it said on Thursday.

Colombia's Ecopetrol unit asks New York judge to freeze CB&I assets

Banco Macro

Cal-Maine Foods

Cementos Pacasmayo

Devon Energy

Pangaea Logistics Solutions

Piedmont Office Realty Trust

“Value ranking, looks at the price of a stock relative to. intrinsic firm value. Graham Value Stocks match the criteria . Benjamin Graham followed. “—YCharts Value Screener. 66 August Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 56 met the dogcatcher-outrageous-ideal of dividends from $1K invested exceeding single-share-stock-prices. Representing nine-of-eleven Morningstar Sectors, all 56 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 33.15%-84.12%, topped by PDM & SQM, as-of 9/22/23.

66 Ben Graham October Value Stocks: 56 Outrageous Buys

Colombia's state-run energy company Ecopetrol will seek to become a player in clean and renewable energy generation to meet its own demand while also promoting the South American country's energy transition, its chief executive said on Monday.

Ecopetrol aims to be energy self-sufficient through renewables -CEO

Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters.

Exclusive: Colombia mulls making Ecopetrol mandatory partner in offshore wind farms

BOGOTÁ, Colombia , Sept. 11, 2023 /PRNewswire/ -- Ecopetrol S.A.

Ecopetrol announces adjustments to its 2040 Strategy, called "Energy that transforms"

News for Ecopetrol Stock (EC)