Ecopetrol Group Reports Strong Financial Performance in Q3 2025

On November 13, 2025, Ecopetrol Group revealed its financial results for the third quarter of 2025, showcasing a robust performance amid challenging market conditions. During the first nine months of the year, Ecopetrol focused on bolstering its core operations while adhering strictly to capital discipline and pursuing strategic projects aimed at promoting energy transition and enhancing national energy security.

Financial Highlights

In Q3 2025, Ecopetrol's total revenues reached COP 29.8 trillion, with an impressive EBITDA of COP 12.3 trillion, resulting in an EBITDA margin of 41%. Net income for the quarter stood at COP 2.6 trillion. For the first nine months of the year, overall revenues totaled COP 90.9 trillion, with an EBITDA of COP 36.7 trillion and a net income of COP 7.5 trillion.

These figures reflect Ecopetrol's commitment to diversifying its market presence and optimizing its hydrocarbon business through efficiency strategies. The company's proactive budget management and response to crude price fluctuations were instrumental in maintaining financial stability.

Strategic Initiatives

Ecopetrol has made substantial advancements in natural gas output, with efforts focused on increasing production from its self-operated fields and optimizing infrastructure for gas transport. A key highlight has been obtaining environmental clearance for LNG import activities at the Coveñas Marine Terminal, promoting the site as a strategic hub for natural gas. This initiative supports the Colombian energy transition by improving supply reliability nationwide.

In a separate effort, the group successfully launched the La Iguana Solar Farm, contributing to its renewable energy capacity. Installed renewable energy capacity increased to 234 MW, reflecting a significant 77% rise from the previous year.

Production and Marketing Performance

Ecopetrol achieved a total hydrocarbon production of 751,000 barrels of oil equivalent per day (mboed) in Q3 2025, averaging a mix of significant contributions from key fields in Colombia and the United States. The company effectively managed logistics, resulting in increased transported volumes while maintaining operational performance at its refineries.

The commercial segment leveraged market opportunities, achieving a disciplined trading differential of -3.9 USD/bbl due to strategic management practices. Despite lower oil prices, the pricing dynamics facilitated better market positioning and higher sales for certain products like asphalt.

Community and Employee Engagement

Ecopetrol has also prioritized workplace culture, receiving a 'Highly Satisfactory' rating in the Great Place to Work Index, reflecting the company's ongoing commitment to employee well-being and sustainable practices.

Looking Ahead

The results from this quarter underline Ecopetrol's robust framework to navigate market challenges while securing value creation for its shareholders. With clear strategic objectives, the company is preparing to meet its operational targets for 2025, further focusing on enhancing flexibility and maintaining growth in a dynamic energy landscape. Ecopetrol continues to foster transparency in its operations, recently becoming the first Colombian entity to voluntarily publish its Financial Sustainability Report, aligning with global standards.

Ricardo Roa Barragán, President of Ecopetrol S.A., emphasized the group's determination to uphold its commitments while promoting an equitable energy transition in Colombia. The foresight and resilience demonstrated by Ecopetrol in the face of fluctuating market conditions position the company favorably for future growth.