Core Viewpoint - Ecopetrol S.A. is set to release its financial and operational results for Q1 2025 on May 6, 2025, followed by a virtual conference call on May 7, 2025, to discuss these results [1][2]. Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 19,000 people [3]. - The company is responsible for more than 60% of Colombia's hydrocarbon production and has significant roles in transportation, logistics, and hydrocarbon refining [3]. - Ecopetrol holds a 51.4% stake in ISA, expanding its involvement in energy transmission and real-time systems management, as well as road concessions [3]. - Internationally, Ecopetrol has operations in strategic basins in the U.S. (Permian basin and Gulf of Mexico), Brazil, and Mexico, and leads in power transmission in Brazil, Chile, Peru, and Bolivia [3].

Group 1 - Ecopetrol's stock closed at $9.04, reflecting a -0.11% change, underperforming compared to the S&P 500's gain of 2.51% [1] - The stock has decreased by 10.22% over the past month, which is better than the Oils-Energy sector's loss of 12.78% but worse than the S&P 500's loss of 8.86% [1] - Upcoming earnings are projected at $0.39 per share, indicating a year-over-year decline of 22%, with revenue expected to be $7.35 billion, down 7.89% from the previous year [2] Group 2 - Recent changes in analyst projections for Ecopetrol are important as they reflect shifts in near-term business trends, with positive changes indicating analyst optimism [3] - The Zacks Rank system, which assesses estimated changes, currently rates Ecopetrol as 5 (Strong Sell), with a 30-day consensus EPS estimate decrease of 8.45% [5] - Ecopetrol's Forward P/E ratio is 5.22, which is lower than the industry average of 7.9, indicating a valuation discount [6] Group 3 - The Oil and Gas - Integrated - International industry, to which Ecopetrol belongs, ranks in the bottom 15% of all industries according to the Zacks Industry Rank [6] - The Zacks Industry Rank suggests that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Ecopetrol S.A. (EC) is facing significant profit risks due to declining oil prices, which could lead to a potential profit decrease of up to 12 trillion pesos by 2025 and may necessitate the cessation of production in certain fields [1][5]. Group 1: Oil Price Impact - The ongoing U.S.-China trade tensions have contributed to a drop in crude oil prices, with Brent crude currently around $65 per barrel and West Texas Intermediate near $62 per barrel [2]. - Brent futures traded close to $63.45 per barrel, raising concerns for Ecopetrol as many of its fields have breakeven production costs near this price [3]. - A $1 per barrel decrease in oil prices results in a decline of 900 billion pesos in EBITDA and a 700 billion peso reduction in net profit for Ecopetrol [5]. Group 2: Production Adjustments - Ecopetrol's president indicated that 20 to 30 fields may be at risk of shutdown, although these fields are not significant to the company's overall production [4]. - The company operates a total of 158 fields, and the decision to pause operations will depend on ongoing monitoring of oil prices [4]. Group 3: Financial Forecast - For 2025, Ecopetrol's average benchmark oil price is projected to be around $73 per barrel, but current prices are significantly lower, which could impact profits by up to 12 trillion pesos if the decline continues [5].

Group 1 - Ecopetrol signed an Investment Framework Agreement with AES Colombia to build 49% of the Jemeiwaa Ka'I wind cluster in La Guajira, which has an approximate capacity of 1,087 MW and includes a 35 km transmission line [1] - Ecopetrol is the largest company in Colombia, responsible for over 60% of the hydrocarbon production and holds leading positions in petrochemicals and gas distribution [2] - The company has a significant international presence with operations in the United States, Brazil, and Mexico, and holds leading positions in power transmission in Brazil, Chile, Peru, and Bolivia [2]

Company Overview - Ecopetrol is Colombia's largest petroleum company, involved in the exploration, production, and transportation of oil and natural gas [2] - The company's stock rose by 10% to $8.95, following a broader market rally due to President Trump's decision to pause tariff hikes, which positively impacted oil and natural gas prices [1][2] Financial Performance - Ecopetrol is expected to report quarterly earnings of $0.58 per share, reflecting a year-over-year increase of 16% [3] - Revenue is anticipated to be $7.35 billion, which is a decrease of 7.9% compared to the same quarter last year [3] Market Sentiment and Stock Movement - The consensus EPS estimate for Ecopetrol has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - The stock currently holds a Zacks Rank of 2 (Buy), suggesting positive investor sentiment [4]

Decisions Adopted at the Shareholders' Meeting of March 28, 2025 Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that during the ordinary General Shareholders' Meeting held on March 28, 2025, which was duly convened in accordance with the legal and statutory requirements applicable to the Company, the shareholders cast their votes on each of the below items on the agenda: · Approval of the agenda The proposed agenda for the meeting was approved. · Appointment of the Chair of the Meeting Mr. Guillermo Garc ...

Core Points - Ecopetrol S.A. held its ordinary General Shareholders' Meeting on March 28, 2025, where various agenda items were voted on and approved by shareholders Group 1: Meeting Approvals - The proposed agenda for the meeting was approved by shareholders [1] - Mr. Guillermo García Realpe was appointed as Chair of the Meeting [2] - The Elections and Voting Committee was appointed as proposed by shareholder Edisson Forero [3] - The Committee for the Review and Approval of the Minutes was appointed as proposed by Sandra Serna [4] Group 2: Reports and Financial Statements - The report on the performance and compliance with the Code of Good Governance was presented and approved [5] - The 2024 Integrated Management Report was presented and approved, available on the corporate website [6] - The audited individual and consolidated financial statements as of December 31, 2024, were approved and are also available for review [6] Group 3: Profit Distribution - Shareholders approved an ordinary dividend of COP $214 per share, to be paid in two installments on April 4 and April 29, 2025 [8] - The majority shareholder will receive dividend payments in three installments totaling COP $7,786,344,378,880 [8] Group 4: Auditor and Board Elections - Deloitte & Touche S.A.S. was appointed as the Statutory Auditor for the 2025–2029 period, with fees for 2025 set at COP $4,565,200,000 plus VAT [9] - The election of the Board of Directors for the 2025–2029 term was approved, with a mix of independent and non-independent members [11] Group 5: Policy Approvals - An amendment to the internal regulations of the General Shareholders' Meeting was approved [12] - The Succession Policy for the Board of Directors was approved [13] Group 6: Company Overview - 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 across the Americas [16]

Group 1 - Ecopetrol is currently ranked 8 in the Zacks Sector Rank for Oils-Energy, which includes 247 companies [2] - The Zacks Rank for Ecopetrol is 2 (Buy), indicating a positive analyst sentiment with a 0.7% increase in the consensus earnings estimate over the past 90 days [3] - Year-to-date, Ecopetrol has returned approximately 31.2%, significantly outperforming the average gain of 4.7% for Oils-Energy stocks [4] Group 2 - Ecopetrol operates within the Oil and Gas - Integrated - International industry, which has an average year-to-date gain of 12.3%, indicating that Ecopetrol is performing better than its peers in this category [6] - Expand Energy, another stock in the Oils-Energy sector, has a year-to-date return of 10.1% and a Zacks Rank of 1 (Strong Buy) with a 55.5% increase in the consensus EPS estimate over the past three months [4][5] - The Alternative Energy - Other industry, to which Expand Energy belongs, has seen a year-to-date decline of -1.1%, contrasting with the performance of Ecopetrol [7]

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 ...