{"id":874996,"date":"2025-08-13T07:11:42","date_gmt":"2025-08-13T11:11:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-publishes-financial-results-for-second-quarter-2025\/"},"modified":"2025-08-13T07:11:42","modified_gmt":"2025-08-13T11:11:42","slug":"ecopetrol-publishes-financial-results-for-second-quarter-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-publishes-financial-results-for-second-quarter-2025\/","title":{"rendered":"Ecopetrol publishes financial results for second Quarter 2025"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n BOGOT\u00c1, Colombia<\/span><\/span>, Aug. 13, 2025<\/span><\/span> \/PRNewswire\/ — During the first half of 2025, we maintained a solid operating performance, demonstrating our ability to generate sustainable value and respond in advance and effectively to challenging market conditions such as the decline in Brent benchmark crude prices, external environment events, and geopolitical tensions.<\/p>\n

\n

\n
\n \"\"
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Our financial results were underpinned by market and portfolio diversification, integration across the hydrocarbons value chain, cost cutting maximization, and operational optimization, enabling us to achieve competitive profitability levels within the industry.<\/p>\n

In 2Q25, revenues totaled COP 29.7 trillion<\/span>, EBITDA reached COP 11.1 trillion<\/span> with an EBITDA margin of 37.5%, and a net income of COP 1.8 trillion<\/span>. For the first half of the year, we reported revenues of COP 61.0 trillion<\/span>, EBITDA of COP 24.4 trillion<\/span> with a 40% EBITDA margin, and net income of COP 4.9 trillion<\/span>.<\/p>\n

Our cash management strategy in response to falling prices has progressed through the identification of cost, expense, and CAPEX optimization initiatives; early collection of the 2024 FEPC receivable balance; implementation of foreign exchange hedging; and tax credit offsets, among others, allowing us to uphold the value promise of 2025’s financial plan. We have also completed the payment of dividends to shareholders totaling COP 8.8 trillion<\/span>, delivering a dividend yield of approximately 10%.<\/p>\n

In the Hydrocarbons business<\/b>, we continued our growth trend, reaching a production of 751 mboed during the first half of the year, driven by strong performance in Colombian fields such as Ca\u00f1o Sur and CPO-09, as well as in the Permian Basin in the U.S., which enabled us to overcome challenges stemming from local external events. Transported volumes reached 1,088 mbd, supported by repair and alternative evacuation strategies that partially mitigated third-party disruptions. Refining throughput reached 405 mbd, following the completion of major maintenance at the Barrancabermeja refinery, restoring operational availability and full processing capacity for the second half of the year.<\/p>\n

A key milestone for the country’s energy security was the declaration of commercial feasibility for the Lorito discovery in Meta Department, the largest in the last decade, realizing the benefits of acquiring a 45% stake in CPO-09.<\/p>\n

In the commercial segment<\/b>, we highlight the strong contribution of our subsidiaries in Houston<\/span> and Singapore<\/span>, which have successfully captured market opportunities and maximized financial results for Ecopetrol S.A. and its subsidiaries (the “Group”). During 2Q25, we achieved the best crude trading differential for the past four years at –USD 3.7<\/span>\/Bl.<\/p>\n

In the Energy Transition business line<\/b>, we closed the acquisition agreement for the Windpeshi wind project, with 205 MW of self-generation capacity in La Guajira, recognized worldwide as one of the world’s most promising regions for solar and wind energy development. This marks the first project of its kind to be executed and built by Ecopetrol. We also highlight the commercialization of natural gas for an average of 58 GBTUD for the next four years, and the long-term commercialization of imported gas at 60 GBTUD (starting 2Q26 for five years), a first in the Company’s history, marking a significant step in addressing the country’s gas supply deficit while advancing on our gas supply portfolio.\u00a0<\/p>\n

In the Transmission and Toll Roads line<\/b>, we maintained stable operational results, including the award and commissioning of seven transmission network reinforcements in Brazil<\/span>. Financial results reflect a one-time recognition of the revised methodology for calculating financial compensation for Brazil’s<\/span> Existing System Basic Network, as determined by the Brazilian Electricity Regulatory Agency (ANEEL), amounting to approximately COP 0.6 trillion<\/span>.<\/p>\n

Finally, I would like to emphasize that the Group continues to invest strategically to maximize long-term results, maintaining operational growth across all business lines, with total investments reaching USD 2,582 million<\/span> as of the end of 2Q25.<\/p>\n

We will continue to strengthen our operational and strategic flexibility, while monitoring market prices and global developments to effectively navigate external challenges and protect and maximize value for all our shareholders, whilst seeking to accomplish our year’s financial targets.<\/p>\n

\n Ricardo Roa Barrag\u00e1n
<\/b>President of Ecopetrol S.A.\u00a0<\/p>\n

\n In the first half of 2025, the\u00a0Ecopetrol Group generated net income of COP 4.9 trillion<\/span>, EBITDA of COP 24.4 trillion<\/span>, with an EBITDA margin of 40%. <\/b>\n <\/p>\n

\n The results highlight: i) the increase in crude oil production leveraged by the contribution of Permian, Ca\u00f1o Sur, and the acquisition of 45% of CPO-09, ii) the recovery in the throughput levels of the Refineries, thanks to scheduled maintenance, which underlines the reliability of their operations, plus the supply of quality fuels to the country, and iii) efficiencies for COP 2.2 trillion<\/span> that enable control of OPEX and a focus in high value investments. The resilient performance of the operation occurs in an environment of lower hydrocarbon prices and local events that affect the results<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Table 1: Financial Summary Income Statement – Ecopetrol Group<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n<\/tr>\n
\n

\n
\n Billion (COP)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2Q25<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2Q24 <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n \u2206 ($)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n \u2206 (%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6M 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 6M 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n \u2206 ($)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n \u2206 (%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Total Sales<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 29,669<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 32,627<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (2,958)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (9.1\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 61,035<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 63,929<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (2,894)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (4.5\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,349<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,594<\/span>\n <\/p>\n<\/td>\n

\n

\n 755<\/span>\n <\/p>\n<\/td>\n

\n

\n 21.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,087<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,046<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,041<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.8\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Variable costs <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,382<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,020<\/span>\n <\/p>\n<\/td>\n

\n

\n (638)<\/span>\n <\/p>\n<\/td>\n

\n

\n (5.3\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23,302<\/span>\n <\/p>\n<\/td>\n

\n

\n 22,841<\/span>\n <\/p>\n<\/td>\n

\n

\n 461<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Fixed Costs<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,430<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,966<\/span>\n <\/p>\n<\/td>\n

\n

\n 464<\/span>\n <\/p>\n<\/td>\n

\n

\n 9.3\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10,478<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,757<\/span>\n <\/p>\n<\/td>\n

\n

\n 721<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Sale costs <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 21,161<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 20,580<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 581<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2.8\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 41,867<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 39,644<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,223<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 5.6\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Gross profit <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 8,508<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 12,047<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3,539)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (29.4\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 19,168<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 24,285<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (5,117)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (21.1\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating and exploration expenses<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,871<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,512<\/span>\n <\/p>\n<\/td>\n

\n

\n 359<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.3\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,151<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,948<\/span>\n <\/p>\n<\/td>\n

\n

\n 203<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Operating profit<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 5,637<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 9,535<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3,898)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (40.9\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 14,017<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 19,337<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (5,320)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (27.5\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Financial revenues (expenses), net <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,085)<\/span>\n <\/p>\n<\/td>\n

\n

\n (2,090)<\/span>\n <\/p>\n<\/td>\n

\n

\n 5<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.2\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4,503)<\/span>\n <\/p>\n<\/td>\n

\n

\n (4,092)<\/span>\n <\/p>\n<\/td>\n

\n

\n (411)<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Share in profit of companies<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 189<\/span>\n <\/p>\n<\/td>\n

\n

\n 189<\/span>\n <\/p>\n<\/td>\n

\n

\n 0<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 398<\/span>\n <\/p>\n<\/td>\n

\n

\n 386<\/span>\n <\/p>\n<\/td>\n

\n

\n 12<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Profit before tax on gains<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3,741<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 7,634<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3,893)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (51.0\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 9,912<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 15,631<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (5,719)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (36.6\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Tax on gains provision<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,285)<\/span>\n <\/p>\n<\/td>\n

\n

\n (3,234)<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,949<\/span>\n <\/p>\n<\/td>\n

\n

\n (60.3\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3,224)<\/span>\n <\/p>\n<\/td>\n

\n

\n (6,154)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,930<\/span>\n <\/p>\n<\/td>\n

\n

\n (47.6\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net consolidated profit <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2,456<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 4,400<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (1,944)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (44.2\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6,688<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 9,477<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (2,789)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (29.4\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-controlling interest <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (645)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,024)<\/span>\n <\/p>\n<\/td>\n

\n

\n 379<\/span>\n <\/p>\n<\/td>\n

\n

\n (37.0\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,750)<\/span>\n <\/p>\n<\/td>\n

\n

\n (2,090)<\/span>\n <\/p>\n<\/td>\n

\n

\n 340<\/span>\n <\/p>\n<\/td>\n

\n

\n (16.3\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net profit attributable to Ecopetrol shareholders<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,811<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 3,376<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (1,565)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (46.4\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 4,938<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 7,387<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (2,449)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (33.2\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n EBITDA<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 11,136<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 14,052<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (2,916)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (20.8\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 24,394<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 28,291<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3,897)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (13.8\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n EBITDA Margin <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 37.5\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 43.1\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n –<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (5.6\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 40.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 44.3\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n –<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (4.3\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

The figures included in this report are audited and are expressed in trillion of Colombian pesos (COP), or United States<\/span> dollars (USD), or thousands of barrels of oil equivalent per day (mboed) or tons and are indicated as such when applicable. For purposes of presentation, certain figures in this report were rounded to the nearest decimal place.<\/p>\n

Forward-looking Statements: This release may contain forward-looking statements related to business prospects, estimates for operating and financial results, and growth of Ecopetrol. These are projections and, as such, are based solely on management’s expectations regarding the future of the Company and its permanent access to capital to fund its business plan. Such forward-looking statements depend, basically, on changes in market conditions, government regulations, competitive pressures, the performance of the Colombian economy and the industry, without limitation thereto; therefore, they are subject to change without prior notice.<\/p>\n

\n I.\u00a0 Financial and Operating Results<\/b>\n <\/p>\n

\n Sales Revenues<\/b>\n <\/p>\n

Accumulated sales revenue in 2Q25 totaled COP 29.7 trillion<\/span> a 9.1%\u00a0or COP -3.0 trillion<\/span> decrease as compared to 2Q24, as a net result of:\u00a0<\/p>\n