Ecopetrol ( (EC) ) has released its Q1 earnings. Here is a breakdown of the information Ecopetrol presented to its investors.
Ecopetrol is a leading Colombian company in the oil and gas sector, known for its integrated operations across exploration, production, refining, and transportation of hydrocarbons, as well as its commitment to energy transition initiatives.
Ecopetrol’s latest earnings report for the first quarter of 2025 highlights the company’s resilience amidst challenging market conditions, with revenues of COP 31.4 trillion, an EBITDA of COP 13.3 trillion, and a net profit of COP 3.1 trillion, despite a decline in Brent crude oil prices.
Key financial metrics include an EBITDA margin of 42% and a return on average capital employed (ROACE) of 9.9%. The company maintained strong production levels at 745 kboed and made strategic investments, such as the gas condensate project in Brazil’s Santos Basin. Additionally, Ecopetrol’s commercial subsidiaries in Houston and Singapore capitalized on market opportunities, improving the crude oil basket differential by 25%.
Ecopetrol is also advancing its energy transition strategy, with significant investments in renewable energy and energy efficiency projects, including a regasification plant in the Pacific and solar energy initiatives. The company continues to focus on operational efficiencies, achieving savings of COP 710 billion in the first quarter.
Looking ahead, Ecopetrol remains committed to maintaining financial stability and operational resilience. The management is focused on cost reduction and strategic investments to navigate market volatility and support the company’s long-term growth objectives.