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Revenue by Segment
Breaks down revenue generated by each business segment, revealing which areas are driving growth and contributing most significantly to the company's overall financial performance.Ecopetrol’s post‑2022 pattern shows fading commodity windfalls: Upstream and Downstream revenues have eased from their cyclical peaks, exposing sensitivity to oil prices/production and pressuring refining margins. Midstream has been the steadiest cash engine, while Energy Transmission & Toll Roads is a clear diversification play gaining scale and lowering group cyclicality. Note the isolated positive ‘Eliminations’ quarter in 2024 — likely a one‑off accounting/reclassification that can distort segment comparability; focus on cash flows and capital allocation toward regulated assets for defensive exposure.
Date | Eliminations | Upstream | Midstream | Downstream | Energy Transmission and Toll Roads |
|---|---|---|---|---|---|
Jun 30, 2026 | $0.00 | $22.48T | $3.48T | $24.88T | $4.74T |
Mar 31, 2026 | $0.00 | $16.74T | $3.50T | $17.22T | $3.86T |
Dec 31, 2025 | -$11.63T | $17.17T | $3.65T | $15.11T | $4.52T |
Sep 30, 2025 | -$12.16T | $17.38T | $3.84T | $16.63T | $4.16T |
Jun 30, 2025 | -$11.31T | $18.09T | $3.87T | $15.68T | $3.34T |
Mar 31, 2025 | -$12.32T | $18.42T | $3.98T | $17.28T | $4.01T |
Dec 31, 2024 | -$11.86T | $20.40T | $4.17T | $17.78T | $4.32T |
Sep 30, 2024 | -$11.10T | $20.47T | $3.77T | $17.06T | $4.40T |
Jun 30, 2024 | $3.39T | $21.50T | $3.63T | $16.73T | $3.43T |
Mar 31, 2024 | -$12.30T | $18.72T | $3.57T | $17.65T | $3.67T |