Ecopetrol plans COP 110 dividend from 2025 profit
Ecopetrol S.A. has put forward a 2025 earnings distribution proposal approved by its board of directors and expected to be presented to shareholders at a meeting on March 26, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Ecopetrol S.A. has put forward a 2025 earnings distribution proposal approved by its board of directors and expected to be presented to shareholders at a meeting on March 26, 2026. The plan is based on net income after tax of COP 9,028,764,859,338 and releases of reserves from prior years, resulting in COP 25,664,256,953,415 available to shareholders.
The proposal includes an ordinary cash dividend of COP 110 per share, aligned with a 50.1% payout of Ecopetrol’s 2025 net income, with total dividends of COP 4,522,836,415,921. The remaining COP 21,141,420,537,494 would go to an occasional reserve aimed at supporting financial sustainability and strategic flexibility.
The company proposes that dividends be paid to all shareholders no later than April 30, 2026, with timing coordinated with the payment schedule for the 2025 balance of Colombia’s Fuel Price Stabilization Fund (FEPC) debt.
Insights
Ecopetrol proposes a 50.1% payout dividend and large sustainability reserve from 2025 earnings.
Ecopetrol proposes distributing COP 25.66 trillion available to shareholders from 2025 results and released reserves. Of this, COP 4.52 trillion would go to cash dividends, with shareholders receiving COP 110 per share under a 50.1% payout ratio consistent with existing dividend policy.
The remaining COP 21.14 trillion is earmarked for an occasional reserve to support financial sustainability and strategic execution. This approach retains a significant portion of earnings and released reserves inside the company while still maintaining a sizeable cash return to shareholders.
Dividend payments are proposed to occur by April 30, 2026, coordinated with the schedule for paying the 2025 balance of the Fuel Price Stabilization Fund (FEPC) debt. Future disclosures in company communications may clarify the detailed payment calendar and any conditions tied to shareholder approval.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is Ecopetrol (EC) proposing for its 2025 dividend?
How much of Ecopetrol’s 2025 earnings will be allocated to reserves?
What payout ratio underlies Ecopetrol’s 2025 dividend proposal?
When would Ecopetrol (EC) pay the proposed 2025 dividends?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2026
Commission File Number 001-34175
| ECOPETROL S.A. |
|
(Exact name of registrant as specified in its charter)
|
| N.A. |
|
(Translation of registrant’s name into English)
|
| COLOMBIA |
|
(Jurisdiction of incorporation or organization)
|
| Carrera 13 No. 36 – 24 |
| BOGOTA D.C. – COLOMBIA |
| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)
Yes ¨ No x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)
Yes ¨ No x
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Ecopetrol S.A. | ||||
|
By: |
/s/ Alfonso Camilo Barco | |||
| Name: |
Alfonso Camilo Barco |
|||
| Title: | Chief Financial Officer | |||
Date: March 4, 2026
Ecopetrol’s 2025 Earnings Distribution Proposal
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“Ecopetrol” or the “Company”) announces that, the Company’s proposal for the distribution of 2025 earnings, which has been approved by its board of directors, and is intended to be submitted for the consideration of the General Shareholders’ Meeting expected to be held on March 26, 2026.
| 2025 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) | |
| Net income after provision for income tax | 9,028,764,859,338 |
| + Release of reserves from previous years | 17,144,573,697,440 |
| Occasional reserve for sustainability | 16,635,492,094,077 |
| Excess fiscal depreciation reserve (Art.130 ET.) | 509,081,603,363 |
| - Legal reserves of the current year | 509,081,603,363 |
| Excess fiscal depreciation reserve (Art. 130 ET.) | 509,081,603,363 |
| Available to the Shareholders | 25,664,256,953,415 |
| It is proposed to be distributed as follows: | |
| Ordinary Dividend According to dividend policy (Payout 1 50.1% of Net Income) | 4,522,836,415,921 |
| Allocated to occasional reserve for sustainability: | 21,141,420,537,494 |
| Total: | 25,664,256,953,415 |
| Total dividend payable per share | 110 |
1 A 50.1% dividend payout ratio established within the policy range was applied to the net income, resulting in a dividend per share with decimals, which was rounded to the nearest number in COP/share. The payout percentage shown is rounded to the first decimal place.
The earnings distribution proposal, consistent with the Company’s current dividend policy, proposes an ordinary dividend distribution of COP 110 per share, equivalent to a payout of 50.1% of Ecopetrol S.A.'s net income in 2025.
The payment of dividends to all shareholders is proposed to be made no later than April 30, 2026. This payment is expected to be made in coordination with the defined payment schedule for the balance of the Fuel Price Stabilization Fund (FEPC) debt, which corresponds to the FEPC balance accumulated in 2025.
Moreover, the board of directors proposes the allocation of COP 21,141,420,537,494 to an occasional reserve to support the Company’s financial sustainability and flexibility in the execution of its strategy.
Bogota D.C., March 4, 2025
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