Ecopetrol (EC) Q4 2025 Earnings Call Transcript
Ecopetrol (EC) reported strong Q4 2025 earnings with net income of COP 9 trillion, despite a 15% drop in Brent prices. EBITDA reached COP 46.7 trillion, with production stable at 745,000 barrels per day. The company achieved a 121% reserves replacement ratio and proposed a dividend of COP 110 per share. Operational efficiency led to COP 16 trillion in savings over three years. However, external factors like tax changes and operational disruptions impacted net income. Management emphasized disciplined capital allocation and a focus on energy transition, achieving significant renewable capacity growth ahead of schedule.
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