ECOPETROL S.A. (EC) Form 6-K — Nov 9, 2026
Ecopetrol reported H1 2026 net profit of COP 11,316 billion, up 48.5% year over year, on sales of COP 68,823 billion, up 12.8%, driven primarily by crude prices averaging US$87.6/bl (up US$16.8/bl) amid Middle East supply disruptions and a 2.5 mmbd global crude market deficit. Gross profit surged 42.1% to COP 27,237 billion and operating income rose 48.2%, though a 12.9% appreciation of the Colombian peso against the dollar cut reported export sales, and domestic production continued to decline with crude volumes down 18.8 mboed.
Key figures
- Revenue
- COP 68,823 billion (H1 2026 sales, +12.8% YoY)
- Net Income
- COP 11,316 billion (H1 2026, +48.5% YoY); COP 9,344 billion attributable to owners of parent (+60.0%)
- Revenue Yoy
- 12.8%
- Gross Profit
- COP 27,237 billion (+42.1%)
- Crude price avg
- US$87.6/bl H1 2026, up US$16.8/bl YoY
- Operating income
- COP 20,776 billion (+48.2%)
- Avg exchange rate
- COP 3,655.50/US$ vs COP 4,196.15/US$ (-12.9%)
- Tes bonds received
- COP 1.0 trillion equivalent (June 2026)
- Crude export volume
- 412.7 mbod (-4.3%)
- Crude market balance
- deficit of 2.5 mmbd H1 2026 vs surplus of 0.5 mmbd H1 2025
- Avg export crude price
- US$79.8/bl (+21.3%)
- Fepc payment agreement
- COP 1.6 trillion (April 2026) for Q1 2025 obligations
- Fepc receivable balance
- COP 8.0 trillion as of June 30, 2026
AI analysis
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