Ecopetrol (ADR)
Runs Colombia's oil chain alongside regional power transmission and toll roads.
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Profile
Produces oil and gas, moves hydrocarbons through pipelines, refines fuels and petrochemicals, and operates power transmission and toll roads through ISA. State control and Colombia-centered hydrocarbon operations shape capital allocation and operating exposure.
Exploration and Production supplies crude oil and natural gas to external buyers and the group’s own transport and refining systems. Refining and Petrochemicals sells fuels, petrochemicals, natural gas and LPG, while Transport and Logistics runs the pipeline network.
Hydrocarbon operations are centered in Colombia and extend to the United States, Brazil and Mexico. ISA adds electricity transmission, real-time power-system management and toll-road concessions across Latin America, making infrastructure a material business alongside oil and gas.
The Colombian state retains control, linking board selection and major capital-allocation decisions to the public-policy environment. Performance depends on commodity-linked sales, reserve replacement, refinery and pipeline availability, and security conditions around physical assets.
Company facts
Key statistics
Year to date +61.4% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | UBS | Reiterate | Neutral | $14 | $16 | |
| Jun 3, 2026 | Citigroup | Downgrade | Buy | Neutral | ||
| May 27, 2026 | UBS | Reiterate | Neutral | $13.50 | $14 | |
| May 5, 2026 | UBS | Reiterate | Neutral | $13.50 | ||
| Feb 4, 2026 | Bradesco | Target | $12 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.79 | $0.86 | +8.6% | $10.84B | $11.70B | +7.9% | −1.75% |
| May 12, 2026Q1 FY26 | $0.54 | $0.42 | −21.8% | $8.01B | $7.76B | −3.1% | −1.61% |
| Mar 4, 2026Q4 FY25 | $0.23 | $0.22 | −6.3% | $7.14B | $5.77B | −19.3% | +8.80% |
| Nov 11, 2025Q3 FY25 | $0.00 | $0.31 | — | $7.22B | $7.71B | +6.9% | 0.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.77B | $9.24B | $9.29B | $8.87B | $8.85B | $11.57B | |
| Gross profit | $3.32B | $2.65B | $3.11B | $2.61B | $3.44B | $4.64B | |
| Operating income | $2.61B | $1.76B | $2.28B | $1.63B | $2.65B | $3.68B | |
| Net income | $973.9M | $564.0M | $798.3M | $464.2M | $892.3M | $1.75B | |
| Diluted EPS | $0.47 | $0.27 | $0.39 | $0.22 | $0.43 | $0.85 | |
| Gross margin | 34.0% | 28.7% | 33.4% | 29.5% | 38.8% | 40.1% | |
| Operating margin | 26.7% | 19.0% | 24.6% | 18.4% | 29.9% | 31.8% |
Fiscal years (4-quarter sums)FY21 $28.62B · FY22 $49.68B · FY23 $44.56B · FY24 $41.53B · FY25 $37.17B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $3.37B · Total debt $31.61B · Total assets $85.59B · Shareholders' equity $25.59B
Dividends
Last raised to $0.6495 from $0.5202 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Apr 29, 2026 | Apr 29 | May 7 | $0.6495 | raised from $0.5202 |
| Jun 26, 2025 | Jun 26 | Jul 7 | $0.5202 | raised from $0.5056 |
| Apr 28, 2025 | Apr 28 | May 6 | $0.5056 | raised from $0.4858 |
| Apr 3, 2025 | Apr 3 | Apr 11 | $0.4858 | cut from $1.491 split-adjusted |
| Jun 25, 2024 | Jun 25 | Jul 3 | $0.7496 | special dividend |
| Apr 4, 2024 | Apr 5 | Apr 10 | $0.8213 | special dividend |
| Dec 19, 2023 | Dec 20 | Dec 29 | $1.0051 | special dividend |
| Sep 26, 2023 | Sep 27 | Oct 12 | $0.969 | special dividend |
Ownership
Shares outstanding 2.06B · Float 2.06B · 100.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.11M | 0.20% | 13F | Aug 7, 2026 |
| Marshall Wace, LLP | 2.64M | 0.13% | 13F | Aug 13, 2026 |
| Charles Schwab Investment Management Inc | 1.84M | 0.09% | 13F | Aug 14, 2026 |
| Sixth Street Partners Management Company, L.P. | 1.84M | 0.09% | 13F | Aug 14, 2026 |
| Vanguard Fiduciary Trust Co | 1.82M | 0.09% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Petrobras (ADR)
Closest regional integrated peer across upstream, refining, fuels and gas
- YPF (ADR)
Integrated Latin American peer in upstream, refining, fuels and gas
- Shell (ADR)
Global integrated rival in upstream, LNG, products and low-carbon energy
- Chevron
Large upstream and downstream rival in shared U.S. and export markets
- Gran Tierra Energy
Colombia-heavy upstream rival for acreage, drilling and crude output
- GeoPark
Llanos-focused producer competing for Colombian acreage and production
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ecopetrol (ADR) | $16.40 | −0.59% | $33.92B | 8.7 | 12.5 | 0.9 | +57.7% |
| Petrobras (ADR) | $18.55 | +0.13% | $119.41B | 4.7 | 4.6 | — | +59.8% |
| YPF (ADR) | $50.30 | +0.22% | $19.68B | 24.9 | 11.7 | 1.6 | +41.5% |
| Shell (ADR) | $91.47 | +0.63% | $253.47B | 10.0 | 9.2 | 0.8 | +44.7% |
| Chevron | $204.35 | +1.24% | $402.06B | 19.4 | 13.2 | 1.9 | +57.9% |
| Gran Tierra Energy | $9.88 | 0.00% | $349.0M | — | — | 0.6 | +58.4% |
| GeoPark | $10.49 | +6.71% | $637.9M | 6.6 | — | 1.2 | +19.6% |
| Median | 10.0 | 10.4 | 1.2 | +51.3% |