INSUBCONTINENT EXCLUSIVE:
Ecopetrol reported a COP 3.13 trillion ($728 million) net profit in Q1 2025
This result reflects a 22% decline from the COP 4.01 trillion ($932 million) profit in Q1 2024
It marks the lowest quarterly profit level since the pandemic.Quarterly sales rose 0.2% year-over-year to COP 31.37 trillion ($7.29 billion)
EBITDA fell 6.9% to COP 13.26 trillion ($3.08 billion)
The EBITDA margin narrowed to 42.3% from 45.5% last year.Falling Brent crude prices averaged $68.70 per barrel
Company executives said inflation reduced profits by COP 0.1 trillion and exchange-rate shifts cut another COP 0.3 trillion
Global demand weakness and trade uncertainties also weighed on results.Production reached 745,400 barrels of oil equivalent per day
This represents the highest quarterly output in five years
Stable output failed to offset price pressures on earnings.Ecopetrol raised national output to 521,000 barrels per day
International operations added 224,400 barrels per day
Executives said this performance counters criticism on exploration efforts and reliance on US assets.Ecopetrol Profit Falls Sharply as
Margins Tighten Under Global Pressures
(Photo Internet reproduction)Refining throughput reached 396,000 barrels per day, while transport volumes amounted to 1.09 million barrels
Maintenance at Barrancabermeja caused minor disruptions
Executives said uptime levels remained high.Ecopetrol Confronts Fiscal Strains and Market VolatilityCorficolombiana analysts estimate a COP
1.4 trillion revenue loss in Q2 from Brent declines
A one-percent peso devaluation could shave COP 1.1 trillion off revenues
They warn that sub-$60 barrel prices may force closure of low-margin fields.Comparing these results with Q1 2021 shows similar profit levels
That quarter saw a COP 3.10 trillion net income
The comparison underlines ongoing exposure to price swings.Ecopetrol advances its Pacific regasification project with Puertos, Inversiones y
The terminal will start partial operations at 25 million cubic feet per day in early 2026
It will ramp up to its full 60 Mpcd capacity by mid-2026.The tax authority fined the company COP 3.6 trillion for unpaid diesel and ACPM
Executives expect to recover COP 3.4 trillion through tax-refund mechanisms
income and COP 32.17 trillion in sales
Their missed estimates reflect market pessimism on oil prices
All major brokerages issued hold or sell ratings on Ecopetrol shares.Ecopetrol earned COP 14.9 trillion ($3.46 billion) in net profit for
That result marked a 21.7% drop from COP 19.1 trillion ($4.44 billion) in 2023
The annual trends show persistent margin pressures.These figures reveal a company under stress from global volatility and fiscal constraints
Ecopetrol holds an 88.5% government stake
Investors remain cautious as margins tighten and risks mount.
