Ecopetrol Stock Price, News & Analysis

Ecopetrol has signed an Investment Framework Agreement with AES Colombia to acquire a 49% stake in the Jemeiwaa Ka'I wind cluster in La Guajira, Colombia. The project features:

• Total capacity of approximately 1,087 MW
• Location: Upper and middle Guajira, Uribia municipality
• 35 km transmission line included

Ecopetrol, Colombia's largest energy company, brings significant expertise to the project. The company:

• Employs over 19,000 people
• Controls 60% of Colombia's hydrocarbon production
• Leads in petrochemicals and gas distribution
• Owns 51.4% of ISA, expanding into power transmission

The deal remains subject to conditions and legal requirements. Upon completion, Ecopetrol will release additional information through appropriate channels.

Ecopetrol (NYSE: EC) held its ordinary General Shareholders' Meeting on March 28, 2025, where several key decisions were approved. Shareholders approved an ordinary dividend of COP $214 per share, to be paid to minority shareholders in two equal installments on April 4 and April 29, 2025. The majority shareholder will receive payments in three installments totaling over COP 7.7 billion.

The meeting also approved the appointment of Deloitte & Touche S.A.S. as the Statutory Auditor for 2025-2028, with initial fees of COP 4.56 billion plus VAT. The 2024 Integrated Management Report and financial statements were approved, along with amendments to internal regulations and the Board of Directors' Succession Policy.

Ecopetrol (NYSE: EC) has launched its Market Maker program for common stock on the Colombian Stock Exchange, partnering with two firms: Andes Investment Group Inc. (started March 3, 2025) and Valores Bancolombia S.A. (started March 14, 2025).

The program aims to enhance trading conditions, price formation, depth, and liquidity of Ecopetrol shares in the local market. Technical conditions include a maximum spread of 50 pesos between buy and sell orders, minimum order amounts of 66,000 UVR, and market makers must maintain continuous buy and sell orders during market sessions with 80% monthly compliance.

Ecopetrol maintains its position as Colombia's largest company, controlling over 60% of hydrocarbon production and logistics. The company has expanded internationally with operations in the US Permian Basin, Gulf of Mexico, Brazil, and Mexico, while holding a 51.4% stake in ISA with presence in power transmission across South America.

Ecopetrol (NYSE: EC) has published a draft chapter detailing its social and environmental practices, policies, processes, and indicators, including climate-related matters, in compliance with External Circular 031 of 2021 from Colombia's Superintendency of Finance. The document is available in Spanish on Ecopetrol's website.

As Colombia's largest company and a major integrated energy player in the Americas, Ecopetrol controls over 60% of Colombia's hydrocarbon production and logistics systems. The company maintains significant positions in petrochemicals and gas distribution. Through its 51.4% ownership in ISA, Ecopetrol has expanded into energy transmission and infrastructure management. Internationally, the company operates in strategic basins across the Americas, including the Permian basin and Gulf of Mexico in the US, Brazil, and Mexico.

Ecopetrol (NYSE: EC) announced that minority shareholders have nominated Dr. Luis Felipe Henao Cardona as their candidate to the Board of Directors, following the Nation's declaration as majority shareholder.

Ecopetrol is Colombia's largest company and a major integrated energy player in the Americas, employing over 19,000 people. The company controls more than 60% of Colombia's hydrocarbon production and logistics systems, while maintaining strong positions in petrochemicals and gas distribution. Through its 51.4% ownership in ISA, Ecopetrol has expanded into energy transmission and infrastructure management across multiple South American countries.

The company's operations span strategic basins across the Americas, including the Permian Basin and Gulf of Mexico in the US, as well as Brazil and Mexico. Through ISA, Ecopetrol holds significant positions in power transmission across Brazil, Chile, Peru, and Bolivia, along with interests in road concessions and telecommunications.

Ecopetrol (NYSE: EC) has announced that representatives of hydrocarbon-producing departments have unanimously nominated Dr. Ricardo Rodriguez Yee as their candidate to the Board of Directors. This nomination follows the declaration of the Nation as the majority shareholder.

Ecopetrol stands as Colombia's largest company and a major integrated energy player in the Americas, employing over 19,000 people. The company controls more than 60% of Colombia's hydrocarbon production and leads in petrochemicals and gas distribution. Through its 51.4% ownership in ISA, Ecopetrol has expanded into energy transmission and infrastructure management across multiple South American countries.

The company maintains strategic operations in the United States (Permian basin and Gulf of Mexico), Brazil, and Mexico, while also holding significant positions in power transmission across Brazil, Chile, Peru, and Bolivia through ISA and its subsidiaries.

Ecopetrol (NYSE: EC) announced a change in its Board of Directors, with Dr. Edwin Palma Egea's resignation effective March 6, 2025. The Board appointed Ms. Angela María Robledo Gómez to replace Dr. Palma as a member of the Business Committee.

The updated Business Committee will consist of: Mónica de Greiff Lindo (Chairperson), Angela María Robledo Gómez, Álvaro Torres Macías, Gonzalo Hernández Jiménez, and Guillermo García Realpe.

Ecopetrol, Colombia's largest company, controls over 60% of the country's hydrocarbon production and leads in petrochemicals and gas distribution. Through its 51.4% stake in ISA, the company has expanded into energy transmission and infrastructure across Latin America, while maintaining international operations in strategic basins across the Americas, including the US Permian basin and Gulf of Mexico, Brazil, and Mexico.

Ecopetrol (EC) reported strong operational and financial performance for 2024, with revenues of COP 133.3 trillion and net income of COP 14.9 trillion. The company achieved an EBITDA of COP 54.1 trillion with a 41% margin and maintained a gross debt/EBITDA ratio of 2.2x.

Key operational highlights include:

• Record production level of 746 kboed (1.2% YoY increase)
• 104% reserve replacement ratio, adding 260 MBPE
• Investment of USD 6,119 million
• Transported volumes of 1,119 kbd (+5.8%)
• Refining throughput of 414 kbd (-5.8%)

The company completed the acquisition of Repsol's CPO-09 field stake, adding 32 MBPE to reserves. The average reserve life stands at 7.6 years. Efficiency initiatives generated optimizations worth COP 5.3 trillion across EBITDA, capex, and working capital.

Ecopetrol (NYSE: EC) has announced its 2024 earnings distribution proposal, approved by the board of directors for shareholder consideration on March 28, 2025. The proposal includes an ordinary dividend of COP 214 per share, representing a 58.9% payout of the company's 2024 net income.

The dividend payment structure differs between stakeholders: minority shareholders will receive payments in two equal installments on April 4 and June 27, 2025, while the majority shareholder's dividend will be paid by December 31, 2025, aligned with the Fuel Price Stabilization Fund debt schedule.

Additionally, the board proposes allocating COP 16.64 trillion to an occasional reserve to support financial sustainability and strategic flexibility.