Ecopetrol Files Its Form 20-F for the Fiscal Year 2025 with the U.S. Securities and Exchange Commission

Rhea-AI Summary

Ecopetrol (NYSE: EC) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, with the SEC on April 30, 2026.

The filing includes IFRS financial statements audited by Deloitte & Touche S.A.S. for 2025 and by Ernst & Young Audit S.A.S. for 2023–2024, a business description, risk factors, and disclosures on the acquisition of 51.4% of ISA shares and international operations in the Permian, Gulf of Mexico, Brazil, and Mexico.

Positive

• Form 20-F filed on April 30, 2026 fulfilling SEC reporting obligations
• IFRS financial statements audited for 2025 by Deloitte & Touche
• Acquisition of 51.4% of ISA expands energy transmission and international footprint

Negative

• Company produces >60% of Colombia's hydrocarbons, concentrating operational risk
• Business exposed to oil & gas price volatility and exchange rate fluctuations
• Filing highlights reliance on ongoing access to capital to fund the business plan

News Market Reaction – EC

-1.69%

-1.69% Session close to close

In the May 1 session, EC declined 1.69%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement formalizes Ecopetrol’s Form 20‑F filing for fiscal year 2025, providing audited IF...

Analysis

This announcement formalizes Ecopetrol’s Form 20‑F filing for fiscal year 2025, providing audited IFRS financial statements, detailed business descriptions and risk factors to U.S. investors. It follows recent 6‑K filings on ratings, governance and strategy, effectively consolidating that information into a single reference document. Investors monitoring the name may focus on how the disclosed risks, forward‑looking statements and operational profile compare with prior years and with regional integrated energy peers.

Key Figures

Employees: more than 19,000 Hydrocarbon production share: more than 60% Stake in ISA: 51.4% +5 more

8 metrics

Employees more than 19,000 Company workforce size mentioned in 20-F filing release

Hydrocarbon production share more than 60% Share of Colombian hydrocarbon production attributed to Ecopetrol

Stake in ISA 51.4% Equity interest in ISA following acquisition of its shares

Current share price $14.16 Price before market reaction to 20-F news

52-week high $15.62 Upper end of 52-week trading range prior to filing

52-week low $7.795 Lower end of 52-week trading range prior to filing

Market capitalization $28,720,011,248 Equity value before consideration of 20-F information

Relative volume 1.39x Today’s volume vs. 20-day average ahead of 20-F release

Historical Context

5 past events · Latest: Apr 28 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 28	Earnings schedule	Neutral	-1.4%	Announced Q1 2026 earnings release date and related conference call logistics.
Apr 23	M&A transaction	Positive	+0.8%	Agreement to acquire a significant stake in Brava Energia and pursue control.
Apr 09	Credit rating cut	Negative	-1.4%	S&P downgraded Ecopetrol’s global credit rating while keeping stable outlook.
Apr 07	Management change	Neutral	-1.4%	Board approved President’s leave and appointed an Acting President.
Apr 02	Debt management	Neutral	-1.4%	Authorization for up to USD 1.25 billion loan to refinance existing debt.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has often been followed by modestly negative or muted price moves, even around credit rating changes, management updates, and balance sheet actions.

Recent Company History

Over the last month, Ecopetrol has reported several material developments. On April 2, it secured authorization for a debt management loan of up to USD 1.25 billion. On April 7, the Board approved a temporary leadership change with an Acting President. Credit rating actions by S&P on April 9 and an acquisition agreement for Brava Energia on April 23 followed, plus scheduling of Q1 2026 earnings on April 28. Today’s Form 20‑F filing consolidates 2025 information already telegraphed through these filings.

Key Terms

form 20–f, u.s. securities and exchange commission, international financial reporting standards, ifrs, +1 more

5 terms

form 20–f regulatory

"it filed its Annual Report on Form 20–F for the fiscal year ended"

Form 20-F is the annual disclosure document that foreign companies file with the U.S. securities regulator to summarize their audited financial statements, business operations, risks and corporate governance for investors. Think of it as a company’s yearly report card and playbook combined—it helps investors compare financial health, spot risks, and judge management quality before buying or holding shares listed in U.S. markets.

u.s. securities and exchange commission regulatory

"with the U.S. Securities and Exchange Commission (SEC) on April 30, 2026."

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

international financial reporting standards financial

"financial statements prepared in full compliance with International Financial Reporting Standards (IFRS)."

International Financial Reporting Standards are a common set of accounting rules used by companies in many countries to prepare and present their financial statements. They matter to investors because they make results easier to compare across borders — like using the same measuring tape — so investors can assess profitability, cash flow and risk more reliably and spot differences that come from business performance rather than differing accounting methods.

ifrs financial

"financial statements prepared in full compliance with International Financial Reporting Standards (IFRS)."

International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.

forward-looking statements regulatory

"This release contains statements that may be considered forward-looking statements within the meaning of"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOGOTA, Colombia, April 30, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby announces that it filed its Annual Report on Form 20–F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (SEC) on April 30, 2026.

By filing the Form 20–F, Ecopetrol fulfills its reporting obligations to the SEC and ensures the dissemination of information to the New York Stock Exchange (NYSE), bondholders, and the broader market.

The Annual Report on Form 20–F includes a detailed description of the Company's business, the risk factors to which it may be exposed, and its financial statements prepared in full compliance with International Financial Reporting Standards (IFRS). Such financial statements were audited and certified by Deloitte & Touche S.A.S. for fiscal year 2025, and by Ernst & Young Audit S.A.S. for fiscal years 2023 and 2024. Investors may obtain a printed copy of the financial statements free of charge upon request by contacting investors@ecopetrol.com.co.

The Annual Report on Form 20–F for the fiscal year 2025 is available on the SEC's website, in accordance with applicable U.S. regulatory requirements, at the following link:

Inline Viewer: ECOPETROL S.A. 20-F 2025-12-31

------------------------------------- 

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. 

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. 

For more information, please contact: 

Investor Relations Office
Email: investors@ecopetrol.com.co 

Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co 

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SOURCE Ecopetrol S.A.

FAQ

What did Ecopetrol (EC) file with the SEC on April 30, 2026?

Ecopetrol filed its Annual Report on Form 20-F for fiscal year 2025 on April 30, 2026. According to the company, the filing includes audited IFRS financial statements, business description, risk factors, and material transaction disclosures.

Who audited Ecopetrol's 2025 financial statements in the Form 20-F (EC)?

The company states that Deloitte & Touche S.A.S. audited the 2025 financial statements. According to the company, Ernst & Young audited the 2023 and 2024 financial statements.

Does the Ecopetrol 20-F (EC) disclose the ISA acquisition and its stake?

Yes. According to the company, Ecopetrol holds 51.4% of ISA shares, giving it participation in energy transmission, XM systems, and a coastal highway concession.

Where can investors access Ecopetrol's 2025 Form 20-F (EC)?

Investors can find the Form 20-F on the SEC website and request printed financials via investors@ecopetrol.com.co. According to the company, copies are available free of charge upon request.

What risks does Ecopetrol (EC) highlight in the 20-F filing?

The company highlights exposure to oil & gas market prices, exploration and production risks, exchange rates, and access to capital. According to the company, these factors could cause actual results to differ from forward-looking statements.