Ecopetrol will report on its operations, revenues, and EBITDA for the first quarter of 2026 on May 12 and 13. Interim president Juan Carlos Hurtado will present the figures instead of Ricardo Roa, who requested vacation and unpaid leave. The company projects declines in revenues and net profit compared to last year.
Ecopetrol announced on April 28 that it will disclose first-quarter financial results, covering January through March 2026, on May 12 after market close. Juan Carlos Hurtado, the interim president of the state oil company, will present the performance to the public.
This marks the first time in nearly three years that results will be shared without company president Ricardo Roa, who requested vacation and unpaid leave while the Fiscalía charged him with influence peddling.
The following day, on May 13 at 9 a.m. Colombia time, Hurtado and board members will hold a call with investors to discuss the figures.
In its projections for the quarter, Ecopetrol estimates revenues between 27 and 30 trillion pesos, a decline of 4.5% to 14% from 31.4 trillion in 2025. EBITDA is projected at 12 to 14 trillion, similar to the previous 13.3 trillion, with a margin of 44% to 47%. Net profit is expected at 2 to 3 trillion, below the 4.2 trillion from last year, implying a drop of 28.6% to 52.4%.
