Core Viewpoint - Ecopetrol S.A. has launched a Market Maker program to enhance trading conditions, price formation, depth, and liquidity of its shares in the Colombian market, thereby strengthening the capital market and creating value for shareholders [3][4]. Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 19,000 people [4]. - The company is responsible for over 60% of hydrocarbon production in Colombia and holds leading positions in petrochemicals and gas distribution [4]. - Ecopetrol has acquired 51.4% of ISA's shares, expanding its involvement in energy transmission and real-time system management [4]. - Internationally, Ecopetrol operates in strategic basins in the Americas, including drilling and exploration in the U.S. (Permian basin and Gulf of Mexico), Brazil, and Mexico [4]. Market Maker Program Details - The Market Maker program commenced on March 3, 2025, with Andes Investment Group Inc. and began for Valores Bancolombia S.A. on March 14, 2025 [2]. - The program aims to improve trading conditions and liquidity for Ecopetrol's shares in the local market [3]. - The program will utilize the liquidity provider's own funds and is set to be effective until March 14, 2026 [8]. Technical Conditions of the Program - The maximum differential between the best selling and buying offers by the liquidity provider cannot exceed 50 pesos [9]. - The minimum order amount for both selling and buying is set at 66,000 UVR [10]. - The liquidity provider must maintain at least one buy and one sell order throughout the market session [11]. - The liquidity provider is required to meet the technical conditions of the program at least 80% of the time during monthly measurements [12].

Ecopetrol (EC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a chang ...

BOGOTA, Colombia, March 7, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in accordance with External Circular 031 of 2021 issued by the Superintendency of Finance of Colombia, it has published the draft chapter on practices, policies, processes and indicators related to social and environmental issues, including climate, which can be consulted in Spanish on Ecopetrol's website.Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the ...

Core Insights - Ecopetrol S.A. plans to take on $2 billion of additional debt in 2024 to finance inorganic investments, with $1 billion allocated for structural debt and another $1 billion as a temporary measure [1][2] - The company is focusing on acquiring new assets and starting new ventures, with a specific interest in the Windpeshi wind project in La Guajira, Colombia, developed by Enel SpA [2][3] - Ecopetrol has outlined an investment plan of $5.9 billion to $6.8 billion for 2025, primarily funded by its cash reserves of $4.4 billion at the end of 2024 [4] Financial Performance - The company's net profit dropped by 22% in 2024, attributed to lower international oil prices and a stronger U.S. dollar [5] - Average production in 2024 was reported at 745,800 barrels of oil equivalent per day (boepd), with projections for 2025 ranging from 740,000 to 750,000 boepd, including contributions from a recent acquisition of a 45% stake in the CPO-09 field [4][5] Market Position - Ecopetrol currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to other energy sector stocks [6] - Other better-ranked stocks in the energy sector include Archrock Inc. (Rank 1), Matador Resources Corporation (Rank 2), and Cheniere Energy (Rank 2), highlighting competitive investment opportunities [6]

BOGOTA, Colombia, March 6, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, in accordance with the declaration of the Nation as the majority shareholder and following the established procedure therein, the representatives of the minority shareholders formally informed the Company that they had agreed to nominate Dr. Luis Felipe Henao Cardona as their candidate to the Board of Directors. See the full text of the document signed attached to this com ...

BOGOTA, Colombia, March 6, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, in accordance with the declaration of the Nation, as the majority shareholder and following the established procedure therein, representatives of the hydrocarbon producing departments in which Ecopetrol operates have unanimously agreed to nominate Dr. Ricardo Rodriguez Yee as their candidate to the Board of Directors.See the document signed by the representatives of the de ...

Financial Data and Key Metrics Changes - In 2024, total revenues reached 133.3 trillion pesos, with an EBITDA of 54.1 trillion pesos and an EBITDA margin of 41% [10] - Net income was reported at 14.9 trillion pesos, which would have been 21 trillion pesos excluding external factors, marking a nearly 10% increase compared to 2023 [10][11] - The company invested over $6 billion in CapEx, including the acquisition of CPO-9, and achieved efficiencies of 5.3 trillion pesos, surpassing the annual target by 43% [11][12] Business Line Data and Key Metrics Changes - Hydrocarbon production averaged 746,000 barrels of oil equivalent per day, exceeding annual goals and representing the highest level in nine years [7][29] - The refining segment achieved an average throughput of 414,000 barrels per day with an operational availability of 94.5% despite challenges [9][33] - The transition energy segment produced 170.2 thousand barrels of oil equivalent per day of natural gas and LPG, generating an EBITDA of nearly 2.9 trillion pesos, which was 70% lower than in 2023 [42] Market Data and Key Metrics Changes - The reserve replacement ratio was 104%, with the addition of 260 million barrels of oil equivalent in proven reserves, doubling the addition from 2023 [6][17] - The average Brent price decreased by $3 per barrel compared to 2023, impacting profitability [17] - The gross refining margin decreased by $7.7 per barrel compared to 2023, primarily due to lower international fuel prices [34] Company Strategy and Development Direction - The company aims to enhance organic hydrocarbon production, maintain operational reliability, and focus on energy transition initiatives [67] - Investments for 2025 are projected between 24 and 28 trillion pesos, with 60% allocated to energy security and 40% to energy transition projects [61][62] - The company is committed to sustainability, with significant investments in renewable energy and energy efficiency projects [47][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged external factors such as exchange rates and inflation affecting performance but emphasized strong operational results [10][11] - The company plans to maintain a lifting cost target of $12 to $13 per barrel for 2025, focusing on cost efficiencies [64][110] - Future production is estimated between 740,000 and 750,000 barrels of oil equivalent per day, considering social unrest risks [31] Other Important Information - The company achieved the second-best global rating in the oil and gas industry in the Dow Jones Sustainability Index [13] - A dividend distribution proposal of 214 pesos per share was announced, pending approval at the shareholders meeting [12][55] - The company has made significant contributions to Colombia's GDP, amounting to over 1.33 trillion pesos [15] Q&A Session Summary Question: Can you explain the impairment terms of the refining segment? - The impairment was based on discounted cash flows and included factors such as price projections, local crude availability, and adjustments to discount rates [74][76][78] Question: Why is the EBITDA margin for 2025 projected to be lower than 2024? - The projected EBITDA margin of 39% reflects a lower Brent price projection for 2025 compared to 2024, but efficiency plans are expected to mitigate some impacts [78][80] Question: What is the status of the self-report generation regulation and potential asset acquisitions? - The company is assessing alternatives for acquiring assets like Aura to manage the PPEC balance, with ongoing discussions with the Ministry of the Treasury [82][84] Question: Can you provide details on the extension agreement with Oxy in the Permian Basin? - The extension includes the development of around 90 wells during 2025, maintaining ownership of the acreage and protection [96] Question: What is the company's stance on unconventional oil and gas opportunities in Colombia? - Current government policy restricts exploration of unconventional resources, and the company is focusing on existing projects within regulatory frameworks [92][93]

Group 1 - Ecopetrol S.A. announced the resignation of Dr. Edwin Palma Egea, effective March 6, 2025, and appointed Ms. Angela María Robledo Gómez to the Business Committee [1] - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 19,000 people [1] - The company is responsible for more than 60% of hydrocarbon production in Colombia and holds leading positions in petrochemicals and gas distribution [1] Group 2 - Ecopetrol acquired 51.4% of ISA's shares, expanding its participation in energy transmission and real-time systems management [1] - The company has international operations in strategic basins in the Americas, including drilling and exploration in the United States, Brazil, and Mexico [1] - Through ISA and its subsidiaries, Ecopetrol holds significant positions in power transmission in Brazil, Chile, Peru, and Bolivia, as well as road concessions in Chile and telecommunications [1]

Core Insights - The company achieved a strong operating performance in 2024, with significant financial results and a solid investment plan for 2025 aimed at creating sustainable value for shareholders [1][6] - Key financial metrics for 2024 include revenues of COP 133.3 trillion, net income of COP 14.9 trillion, and an EBITDA of COP 54.1 trillion, reflecting a robust EBITDA margin of 41% [2][8] - The hydrocarbons business line demonstrated a 104% reserve replacement ratio, with significant contributions from the acquisition of the CPO-09 field and a production level of 746 kboed, marking a 1.2% increase from the previous year [3][8] Financial Performance - Total revenues for 2024 were COP 133.3 trillion, a decrease of 6.8% from COP 143.1 trillion in 2023 [9] - Net income attributable to owners of Ecopetrol was COP 14.9 trillion, down 21.7% from COP 19.1 trillion in 2023 [10] - EBITDA for the year was COP 54.1 trillion, a decline of 10.8% compared to COP 60.7 trillion in 2023, with an EBITDA margin of 40.6% [10] Operational Highlights - The company achieved the highest production level in nine years at 746 kboed and a record sales volume of 1,012 kboed [8] - The reserve replacement ratio was 104%, with a total of 260 MBPE added to reserves, and the average reserve life is 7.6 years [3][8] - In midstream operations, transported volumes reached 1,119 kbd, a 5.8% increase, while refining throughput was 414 kbd, reflecting operational availability of 94.5% [3] Strategic Initiatives - The company implemented an efficiencies program that resulted in historic optimizations amounting to COP 5.3 trillion [1][8] - In the energy transition sector, the company achieved energy optimization of 4.17 PJ, leading to savings of approximately COP 128 billion [4] - The approval of Phase III of the Coral project aims to produce up to 880 tons per day of green hydrogen at the Cartagena Refinery [4] Future Outlook - The company plans to continue enhancing shareholder value through strict capital discipline and efficiencies while reinforcing traditional business operations [6]

Group 1 - Ecopetrol has implemented a market maker program for its shares listed on the Colombian Stock Exchange for a 12-month period to enhance trading conditions and liquidity [1][2] - The company has partnered with Valores Bancolombia S.A. and Andes Investment Group Inc. as liquidity providers for this program [1] - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production and holds significant positions in various energy sectors [3] Group 2 - The company has expanded its operations through the acquisition of 51.4% of ISA's shares, which allows participation in energy transmission and other infrastructure projects [3] - Ecopetrol has international drilling and exploration operations in the United States, Brazil, and Mexico, and holds leading positions in power transmission in several South American countries [3]