Ecopetrol (EC) Financial Statements & Analysis

Ecopetrol (EC) Income Statement

Ecopetrol reported revenue of COP 111.48T in fiscal 2025 (fiscal year ended Dec 31, 2025), down 16.4% from COP 133.33T a year earlier. Net income was COP 8.40T, down 39.3% year over year, a net margin of 7.5%. Gross margin was 31.4% and operating margin 22.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was COP 40.20T, up 35.5% from the same quarter a year earlier.

Ecopetrol Income Statement Analysis

Values in trillions COP

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Ecopetrol S.A. income statement - Annual data in trillions COP
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	111.48	133.33	143.19	159.61	91.88	50.22	71.49	68.60	55.95
Cost of Revenue	76.43	86.48	88.18	89.46	55.58	37.05	44.97	41.18	36.91
Gross Profit	35.05	46.85	55.01	70.15	36.30	13.17	26.52	27.42	19.05
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	10.23	6.72	6.48	5.39	3.90	4.70	2.86	2.36	2.13
Operating Expenses	10.23	10.50	10.49	8.93	5.71	6.61	5.49	4.96	2.87
Operating Income	24.83	36.35	44.52	61.22	30.59	6.56	21.03	22.46	16.17
Other Income/Expense
Interest Income	0.00	1.63	1.88	0.97	0.27	0.30	0.47	0.42	0.41
Interest Expense	7.94	9.84	9.12	7.52	4.14	-2.38	1.91	2.72	2.45
Other Income/Expense	-7.28	2.98	0.53	-0.31	-0.13	-0.74	-1.30	-1.84	-2.40
Income
Income Before Tax	17.55	30.71	36.90	54.16	26.43	4.78	19.72	20.61	13.77
Income Tax Expense	5.51	12.21	11.52	18.96	8.80	2.04	4.72	8.26	5.80
Net Income	8.40	13.84	21.06	31.60	15.65	1.59	13.74	11.38	7.18
Net Income - Continuous Operations	8.40	18.50	25.38	35.20	17.63	1.59	13.74	11.38	7.18
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	39.95	55.75	59.83	73.81	40.72	16.56	30.96	31.39	25.19
EBIT	26.51	40.55	46.02	61.68	30.56	6.56	-	-	-
Depreciation & Amortization	14.46	0.55	0.61	0.72	0.56	9.99	8.58	7.70	8.28
Earnings Per Share
Basic EPS	4075.00	7265.00	9272.00	16249.00	8121.00	39.00	7067.00	5745.00	3220.00
Diluted EPS	4075.00	7265.00	9272.00	16249.00	8121.00	39.00	7067.00	5745.00	3220.00
Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00
Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ecopetrol Financial Statements

What was Ecopetrol's revenue in fiscal 2025?

Ecopetrol reported revenue of COP 111.48T in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 16.4% from COP 133.33T a year earlier.

Is Ecopetrol profitable?

Yes. Ecopetrol earned net income of COP 8.40T in fiscal 2025, a net margin of 7.5%. In fiscal 2024 it earned COP 13.84T.

What is Ecopetrol's operating margin?

Ecopetrol's operating income was COP 24.83T on revenue of COP 111.48T in fiscal 2025, an operating margin of 22.3%, compared with 27.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition