Ecopetrol trades as a liquidating trust, effectively assigning zero value to the midstream monopoly or future reserve extensions. The double-digit yield is funded by organic free cash flow, not debt, paying investors handsomely to wait. Political fear is fully priced in; the 2026 election offers a free option on any return to market-friendly policies.
Ecopetrol is a leading South American energy company known for its high dividend yields. Ecopetrol's state ownership creates a unique investment case compared to most energy companies. I am highly bullish on Colombia heading into that country's 2026 presidential election.
Ecopetrol S.A. ( EC ) Q3 2025 Earnings Call November 14, 2025 9:00 AM EST Company Participants Ricardo Barragan - President Rafael Guzmán - Executive Vice President of Hydrocarbons Bayron Triana Arias - Executive Vice President of Energies for the Transition Alfonso Camilo Munoz - Chief Financial & Sustainable Value Officer Julian Lemos Valero - Corporate Vice President of Strategy & Business Development Rodolfo García Paredes - Acting Corporate Compliance Director & Interim Anti-Money Laundering Compliance Officer Felipe Lopez - Vice President of Refining & Industrial Processes Conference Call Participants Daniel Guardiola - Banco BTG Pactual S.A.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Ricardo Roa Barragan CEO | XMUN Exchange | US2791581091 ISIN |
| CO Country | 18,903 Employees | 3 Jul 2024 Last Dividend | - Last Split | - IPO Date |
Ecopetrol S.A. is an integrated energy company with a substantial footprint in the exploration and production of oil and gas. It also plays a significant role in the transportation and logistics of crude oil and its derivatives, alongside engaging in refining, petrochemical, and biofuels production. Additionally, Ecopetrol is involved in electric power transmission and operates toll roads concessions. The company’s diverse operations extend beyond its base in Colombia to several international markets including the United States, Asia, Central America and the Caribbean, Europe, and South America. Initially established as Empresa Colombiana de Petróleos, it underwent a rebranding to Ecopetrol S.A. in June 2003 and has been operating since 1948 with its headquarters located in Bogotá, Colombia.
Ecopetrol S.A. is intensively involved in the exploration and production activities for oil and gas, ensuring a consistent supply of raw materials for its diverse range of operations and products. This segment is critical for the company's upstream activities.
The company ensures the movement of crude oil, motor fuels, fuel oil, and other refined products including diesel and jet, as well as biofuels. With approximately 9,127 kilometers of crude oil and multipurpose pipelines as of December 31, 2022, Ecopetrol S.A. supports a robust infrastructure for transporting energy resources efficiently.
At its core, the company engages in processing and refining crude oil into a variety of petrochemical products, fuel oils, and biofuels. This includes the production and commercialization of polypropylene resins and compounds, and masterbatches.
Beyond its primary focus on oil and gas, Ecopetrol S.A. extends its services to supplying electric power transmission and operating toll road concessions. This diversification indicates the company's involvement in infrastructure development and maintenance.
Ecopetrol S.A. also distributes natural gas and LPG, catering to the demand for these energy sources in its operational territories. This segment ensures the provision of essential energy supplies to a wide range of customers.
The company plays a pivotal role in the downstream sector, selling refined petrochemical products derived from its refining processes. This encompasses a vast array of products essential for industrial and consumer applications.
In addition to its core operations in the energy sector, Ecopetrol S.A. offers information technology and telecommunications services. This highlights the company's versatility and its efforts to cater to the digital and communication needs of its clients.
Ecopetrol S.A. provides industrial service sales to its customers, along with specialized management services, ensuring that client needs are met comprehensively and efficiently across a broad spectrum of industries.