economy
Ecopetrol reduced income and profits in the first quarter of 2026 due to oil volatility
Ecopetrol began 2026 facing an environment marked by the intensification of the conflict in the Middle East and high oil price volatility...
TL;DR
- Ecopetrol's income fell 8.7% and net profit dropped 7.7% in Q1 2026 compared to Q1 2025.
- EBITDA increased by 1.5% to $13.5 billion, with an EBITDA margin of 47%, driven by operational efficiencies and better refining.
- Consolidated hydrocarbon production was 725,000 barrels of oil equivalent per day, a 2.7% decrease.
- The company highlighted exploration success with the Copoazú-1 well and advancements in its transportation and refining segments.
- New energy transition initiatives include a natural gas logistics contract and the completion of the Granja Solar Quifa.
- Ecopetrol distributed 55.1% of its 2025 net profit as dividends, with the first installment paid on April 30.
- The company is exploring the acquisition of 51% of Brava Energía in Brazil and has signed strategic agreements for oil and gas projects.