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Ecopetrol(EC) - 2024 Q3 - Earnings Call Presentation
2024-11-14 14:14
FINANCIAL RESULTS 3 RD Quarter /2024 eCoPeTROL Chuchupa Gas well Legal disclosure Financial Results This document was prepared by Ecopetrol S.A. (the "Company" or "Ecopetrol") with the purpose of providing the market and interested parties certain financial and other information of the Company. This document may include strategy discussions and forward-looking statements regarding the probable development of Ecopetrol's business. Said projections and statements include references to estimates or expectation ...
Fitch Ratings maintains Ecopetrol's overall credit rating at BB+ and stable outlook.
Prnewswire· 2024-11-08 22:37
Credit Rating and Financial Profile - Fitch Ratings maintained Ecopetrol's global credit rating at BB+ with a stable outlook, reflecting the company's stable operational condition and strategic importance [1][2] - The Standalone Credit Profile (SCP) was downgraded from 'bbb' to 'bbb-', but remains within the Investment Grade range and above the company's global rating [1][3] - Ecopetrol's national long-term and short-term ratings were affirmed at 'AAA (col)' with a Stable Outlook and 'F1+(col)', respectively [1] Operational and Strategic Position - Ecopetrol is the leading producer of oil and gas in Colombia, responsible for over 60% of the country's hydrocarbon production [4] - The company has a significant energy transmission business in Colombia and other Latin American countries through its subsidiary Interconexión Eléctrica S A E S P - ISA [2] - Ecopetrol holds leading positions in petrochemicals, gas distribution, and power transmission businesses in Brazil, Chile, Peru, and Bolivia [4] International Presence and Subsidiaries - Ecopetrol has strategic operations in the United States (Permian basin and Gulf of Mexico), Brazil, and through ISA, in Chile, Peru, and Bolivia [4] - The company acquired 51 4% of ISA's shares, expanding its involvement in energy transmission, real-time systems management, and road concessions [4] - Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with over 19,000 employees [4]
Ecopetrol informs of a change in the time for the publication of its third quarter 2024 report and conference due to the change to Standard Time in the United States
Prnewswire· 2024-11-08 01:49
BOGOTA, Colombia, Nov. 7, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") informs that, as previously announced, on Thursday, November 14, 2024, the Company's management will hold a single virtual conference with broadcasts in Spanish and English to discuss its financial and operating results for the third quarter of 2024. Given the change to Standard Time in the United States, the previously announced time for the conference call has changed to the one indicated below: Conf ...
Ecopetrol (EC) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-11-06 23:50
In the latest market close, Ecopetrol (EC) reached $7.57, with a +0.13% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 2.53%. On the other hand, the Dow registered a gain of 3.57%, and the technology-centric Nasdaq increased by 2.95%.Shares of the oil and natural gas exploration company witnessed a loss of 12.8% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 3.81% and the S&P 500's gain of 0.66%.The investment ...
Petrobras, Ecopetrol Permitted to Drill Following Court Ruling
ZACKS· 2024-11-05 13:10
The Colombian division of Petrobras S.A. (PBR) , Petrobras International Braspetro BV,and the country’s state-owned energy giant, Ecopetrol S.A. (EC) , have finally received a favorable ruling from the Santa Marta Tribunal to continue with drilling and operational activities in the Tayrona drilling area after a previous setback from the Fourth Labor Court of the Santa Marta Circuit. Previously, the labor court had ruled to halt operations at the Sirius-2 well due to issues raised by the Indigenous Community ...
Ecopetrol S.A. reports on the decision of the Santa Marta Tribunal.
Prnewswire· 2024-10-31 12:52
BOGOTA, Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Santa Marta Tribunal (the "Tribunal") issued a favorable decision regarding an appeal against the claim (acción de tutela) filed by the Indigenous Council of Taganga.The Tribunal's decision partially overturned the ruling of the Fourth Labor Court of the Santa Marta Circuit which had ordered the suspension of exploration and production works in the "Tayrona exploratory drilling area at the Uchuva 2 w ...
Ecopetrol announces the dates for the publication of its third quarter 2024 report and conference call
Prnewswire· 2024-10-31 11:07
BOGOTA, Colombia, Oct. 31, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that after market close on Wednesday, November 13, 2024, it plans to release its financial and operating results for the third quarter of 2024.On Thursday, November 14, 2024, Ecopetrol's senior management plans to host a single virtual conference call to review the results, with transmission in Spanish and English. Please find below the time and links to access the conference: Conference Call 09:00 a.m. ...
Ecopetrol S.A. announces full redemption of its Notes due 2026
Prnewswire· 2024-10-29 11:58
BOGOTA, Colombia, Oct. 29, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, continuing with its comprehensive debt management strategy, it will redeem the outstanding balance of its 5.375% notes maturing in June 2026 (CUSIP: 279158 AL3 / ISIN: US279158AL39) (the "2026 Notes"), which were issued in 2015. The outstanding balance of the 2026 Notes is USD 447,168,000.The expected redemption date of the 2026 Notes is November 21, 2024. The redemption p ...
Ecopetrol (EC) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-10-25 22:55
The most recent trading session ended with Ecopetrol (EC) standing at $8.10, reflecting a +0.87% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.56%.Prior to today's trading, shares of the oil and natural gas exploration company had lost 8.33% over the past month. This has was narrower than the Oils-Energy sector's loss of 10.96% and lagged the S&P 500's gain of 1.3 ...
Ecopetrol (EC) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-10-24 23:06
The most recent trading session ended with Ecopetrol (EC) standing at $8.03, reflecting a +0.25% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.22% for the day. On the other hand, the Dow registered a loss of 0.33%, and the technology-centric Nasdaq increased by 0.76%.The oil and natural gas exploration company's stock has dropped by 8.46% in the past month, exceeding the Oils-Energy sector's loss of 11.32% and lagging the S&P 500's gain of 1.47% ...