BOGOTÁ, Colombia, Sept. 5, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that today was the settlement of the partial make whole of the Notes due 2026, originally issued in 2015 for a nominal amount of US$1.5 billion. This make whole covered a notional amount of US$250 million and the repurchase price was US$1,014.41 per US$1,000 of principal, for a total of US$253,602,675.24, plus accrued interest up to the redemption date. The partial make whole wa ...

BOGOTA, Colombia, Sept. 3, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that the Board of Directors made the following appointments on August 30, 2024: David Alfredo Riaño Alarcón, Executive Vice President of Energy Transition, as legal and alternate commercial representative. Camilo Barco Muñoz, Corporate Vice President of Finance and Sustainable Value, as alternate legal and commercial representative. Cristina Toro Restrepo, Corporate Legal Vice P ...

BOGOTA, Colombia, Aug. 21, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that the Ministry of Finance and Public Credit ("MHCP") has authorized Ecopetrol to execute a loan agreement for up to two-hundred fifty million dollars through Resolution 2476 dated August 20, 2024. The loan is expected to be executed by and between the Company, as borrower, and Sumitomo Mitsui Banking Corporation, as lender. The term of the loan is expected to be five years, w ...

Ecopetrol S.A. (NYSE:EC) Q2 2024 Earnings Conference Call August 14, 2024 10:00 AM ET Company Participants Ricardo Roa - Chief Executive Officer Rafael Guzman - Acting Executive Vice President, Hydrocarbons David Riano - Executive Vice President, Transition Energy Javier Cardenas - Acting Chief Financial Officer Nicolas Azcuenaga - Vice President, Strategies Walter Canova - Vice President, Refining and Industrial Processes Alexander Cadena Motezuma - President, Cenit Felipe Trujillo Lopez - Commercial and M ...

Ecopetrol SA (EC) is set to report second-quarter 2024 earnings on Aug 13, after the closing bell. In the last reported quarter, the company's earnings of 50 cents per share missed the Zacks Consensus Estimate of 59 cents. EC's earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed the same twice, delivering an average negative surprise of 3.58%. This is depicted in the graph below. Estimate Trend The Zacks Consensus Estimate for second-quarter earnings per share of 59 ce ...

BOGOTA, Colombia, Aug. 7, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, as part of its comprehensive debt management strategy, it will redeem U.S.$250 million of its 5.375% Notes due 2026 (the "Notes") (CUSIP: 279158 AL3 / ISIN: US279158AL39). The outstanding balance of the Notes is U.S.$1.5 billion as of the date hereof. The redemption date of the bonds will take place on September 5, 2024 (the "Redemption Date") at a redemption price equal to, approximately, U.S.$1,014.95 ...

Group 1 - The credit rating agency Fitch Ratings has maintained Ecopetrol's credit rating at BB+ with a stable outlook, reaffirming its national long-term and short-term ratings at 'AAA(col)' and 'F1+(col)', respectively, both with a stable outlook [5] - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production, and holds leading positions in various segments including petrochemicals and gas distribution [2] - The company has a significant international presence with operations in strategic basins across the Americas, including drilling and exploration in the United States (Permian Basin and Gulf of Mexico) and Brazil, as well as power transmission in Brazil, Chile, Peru, and Bolivia [2] Group 2 - The potential acquisition of assets in the Permian Basin is not expected to significantly impact Ecopetrol's credit profile according to Fitch Ratings [1] - Ecopetrol employs more than 19,000 individuals and is involved in energy transmission and real-time systems management through its acquisition of 51.4% of ISA's shares [2] - The company's business prospects and financial results are based on management's expectations and are subject to change due to market conditions, regulations, and the performance of the Colombian economy [2]

BOGOTA, Colombia, July 30, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that after market close on Tuesday, August 13, 2024, it plans to release its financial and operating results for the second quarter of 2024. Conference Call 09:00 a.m. Col Time 10:00 a.m. NY Time Once you receive the invitation, you will find the link for the Spanish webcast and the link for the English webcast. The earnings release, slide presentation, live webcast and recording of the conference call will b ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Earnings Estimate Revisions Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair ...

Ecopetrol plans to report on the outcome of the negotiations. For more information, please contact: BOGOTÁ, Colombia, July 19, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that it is engaged in conversations with Occidental Petroleum Corp. (OXY) oriented to consider the potential acquisition by Ecopetrol of a certain percentage of assets owned by CrownRock, a company located in the United States. The percentage of the assets and the price that Ecopetrol would pay are under analysis ...