Ecopetrol Expects Third-Quarter Net Profit of Up to $1.57 Billion
Key Facts
Colombia’s Ecopetrol expects third-quarter 2026 net profit to reach $1.57 billion, according to a Reuters summary carried in the news brief. The figure sets an upper limit for the estimate in the summary and is not a reported quarterly result. I could not verify the wording against the original Reuters report because the link could not be opened. The company’s publicly available results page also does not show a third-quarter report; it includes results for the first and second quarters of 2026. The public disclosure available therefore does not confirm that the figure is preliminary financial guidance issued by the company for the period ended in September.
The latest published financial comparison in the available evidence is for the second quarter, when Ecopetrol reported revenue of 40.2 trillion Colombian pesos, up 35% year on year. Earnings before interest, taxes, depreciation and amortization reached 17.7 trillion pesos, up 59% from the second quarter of 2025, with a margin of 44%. Net income was 6.1 trillion pesos, up 235% from the same period a year earlier. The company said the results were driven by “strong commercial execution, the operational resilience of our assets, and financial discipline.” These figures are for the second quarter and do not represent third-quarter forecasts or results.
The group’s average production in the second quarter was 705.8 thousand barrels of oil equivalent per day, down 6.6% from the same period in 2025. Brent crude averaged $97 a barrel, compared with $67 a year earlier, an increase of 45%. The company’s 2026 plan targets organic production of between 730 and 740 thousand barrels of oil equivalent per day. It also approved annual investments of between 22 and 27 trillion Colombian pesos, of which about 17.2 trillion is allocated to production. The plan assumed a Brent price of $60 a barrel and an average exchange rate of about 4,050 pesos per dollar.
At the end of the second quarter, Ecopetrol disclosed cash and cash equivalents of 11.3 trillion Colombian pesos, while total debt to earnings before interest, taxes, depreciation and amortization stood at 2.0 times. The company’s shares, listed under the ticker EC, closed at $17.01 on October 22, 2026. The available trading data do not include opening, high or low prices for the session, so only the closing price can be confirmed. The data do not provide a comparison with the share’s performance in previous sessions or an explanation for its change.
In its investor calendar, Ecopetrol listed November 13 as the release date for third-quarter 2025 results and scheduled a call about them for November 14. The calendar does not show a date for third-quarter 2026 results. The latest date announced in the available evidence was the release of second-quarter 2026 results on August 3, followed by a conference call on August 4. The estimate attributed to Reuters remains separate from official results until the company publishes third-quarter figures or a verifiable disclosure appears.