Ecopetrol SA ADR (EC) financial statements: income statement, balance sheet and cash flow
Ecopetrol SA ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ecopetrol SA ADR reported revenue of $119.7T (-10.2% year on year).
Income statement
Ecopetrol SA ADR income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Sales
$119.7T
$133.3T
$143.2T
$159.6T
Cost of sales
($82.1T)
($86.5T)
($88.2T)
($89.5T)
Gross profit
$37.6T
$46.8T
$55.0T
$70.2T
Administrative expenses
($5.0T)
($5.1T)
($5.0T)
($4.3T)
Operations and project expenses
($5.3T)
($5.6T)
($5.7T)
($4.7T)
Impairment recovery (loss) of long-term non-monetary assets
$23.0B
$867.4B
($2.1T)
($288.0B)
Other operating (expense) income
($636.0B)
$1.5T
($426.1B)
($555.9B)
Operating income
$26.7T
$38.5T
$41.8T
$60.2T
Finance income
$2.1T
$1.7T
$2.3T
$1.3T
Finance expenses
($10.8T)
($10.3T)
($10.4T)
($8.0T)
Foreign exchange gain (loss)
$159.0B
$51.6B
$2.4T
($124.7B)
Total financial result
($8.5T)
($8.5T)
($5.7T)
($6.8T)
Share of profits of associates and joint ventures
$710.0B
$764.4B
$805.3B
$768.4B
Profit before income tax expense
$18.9T
$30.7T
$36.9T
$54.2T
Income tax expense
($4.4T)
($12.2T)
($11.5T)
($19.0T)
Owners of parent
$10.5T
$13.8T
$21.1T
$31.6T
Non-controlling interest
$4.0T
$4.7T
$4.3T
$3.6T
Net profit for the year
$14.4T
$18.5T
$25.4T
$35.2T
Basic earnings per share (Colombian pesos per share)
$255.10
$336.60
$512.20
$768.70
Diluted earnings per share (Colombian pesos per share)
$255.10
$336.60
$512.20
$768.70
Ecopetrol SA ADR income statement, quarters
Line item
Jun 30, 2024 · YTD
Sep 30, 2023 · YTD
Sep 30, 2022 · YTD
Jun 30, 2021 · YTD
Revenue from contracts with customers
$63.9T
$108.4T
$119.9T
$36.7T
Cost of sales
($39.6T)
($64.9T)
($65.5T)
($21.9T)
Gross profit
$24.3T
$43.5T
$54.4T
$14.8T
Administration expenses
($2.1T)
($3.4T)
($2.8T)
($1.2T)
Operation and project expenses
($2.6T)
($3.9T)
($2.8T)
($1.2T)
Recovery (impairment) of non-current assets
($8.2B)
—
—
—
Other operating expenses
($196.7B)
($89.7B)
($302.7B)
($300.3B)
Operating income
$19.3T
$36.1T
$48.5T
$12.1T
Financial income
$852.3B
$1.8T
$887.4B
$140.6B
Financial expenses
($5.0T)
($7.8T)
($5.9T)
($1.7T)
Foreign exchange (loss) gain
$45.3B
$1.8T
($377.5B)
$103.6B
Financial results
($4.1T)
($4.2T)
($5.4T)
($1.5T)
Share of profits of associates and joint ventures
$386.3B
$606.3B
$656.7B
$115.2B
Profit before income tax expense
$15.6T
$32.6T
$43.7T
$10.8T
Income tax expense
($6.9T)
($11.5T)
($16.2T)
($3.6T)
Owners of parent
$6.6T
$17.6T
$24.8T
$6.5T
Non-controlling interest
$2.1T
$3.5T
$2.8T
$581.6B
Net profit for the period
$8.7T
$21.1T
$27.5T
$7.1T
Basic earnings per share (Colombian pesos)
$161.50
$429.00
$602.50
—
Diluted earnings per share (Colombian pesos)
$161.50
$429.00
$602.50
—
Balance sheet
Ecopetrol SA ADR balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$10.7T
$14.1T
$12.3T
$15.4T
Trade and other receivables
$14.9T
$20.4T
$33.3T
$39.2T
Inventories
$8.6T
$10.0T
$10.2T
$11.9T
Other financial assets
$1.8T
$851.5B
$1.9T
$1.2T
Current tax assets
$14.5T
$11.5T
$8.1T
$6.8T
Other assets
$2.9T
$3.8T
$2.8T
$2.8T
Total current assets
$53.4T
$60.7T
$68.6T
$77.3T
Trade and other receivables
$35.1T
$32.1T
$29.8T
$32.2T
Other financial assets
$1.5T
$4.4T
$371.8B
$1.6T
Investment in associates and joint ventures
$8.0T
$8.7T
$8.4T
$9.5T
Property, plant, and equipment
$106.1T
$107.5T
$95.2T
$101.0T
Natural and environmental resources
$48.4T
$47.7T
$45.2T
$42.3T
Right-of-use assets
$994.0B
$980.4B
$841.6B
$627.8B
Intangible assets
$14.0T
$16.4T
$14.7T
$18.1T
Non-current tax assets
$8.1T
$12.9T
$10.5T
$13.4T
Goodwill
$4.8T
$5.1T
$4.8T
$5.4T
Other assets
$1.7T
$1.8T
$1.6T
$1.5T
Total non-current assets
$228.8T
$237.6T
$211.5T
$225.5T
Total assets
$282.2T
$298.2T
$280.1T
$302.8T
Loans and borrowings
$10.1T
$11.3T
$15.6T
$22.2T
Trade and other payables
$15.8T
$19.3T
$18.9T
$19.9T
Provisions for employee benefits
$3.5T
$3.4T
$3.1T
$2.8T
Current tax liabilities
$2.4T
$2.8T
$2.9T
$7.6T
Accrued liabilities and provisions
$1.6T
$1.6T
$1.6T
$1.5T
Other liabilities
$1.2T
$1.3T
$1.6T
$2.7T
Total current liabilities
$34.5T
$39.6T
$43.6T
$56.8T
Loans and borrowings
$99.1T
$108.7T
$90.3T
$92.9T
Provisions for employee benefits
$10.5T
$14.0T
$15.2T
$10.2T
Non-current tax liabilities
$14.8T
$14.9T
$13.6T
$15.3T
Accrued liabilities and provisions
$14.8T
$12.7T
$14.5T
$11.2T
Other liabilities
$1.8T
$2.3T
$2.7T
$2.4T
Total non-current liabilities
$141.0T
$152.7T
$136.3T
$132.1T
Total liabilities
$175.5T
$192.3T
$179.9T
$188.9T
Subscribed and paid in capital
$25.0T
$25.0T
$25.0T
$25.0T
Additional paid in capital
$6.6T
$6.6T
$6.6T
$6.6T
Reserves
$30.3T
$24.2T
$17.9T
$8.9T
Accumulated other comprehensive income
$11.8T
$11.9T
$8.7T
$15.8T
Retained earnings
$7.7T
$12.1T
$17.5T
$29.8T
Equity attributable to owners of parent
$81.4T
$79.9T
$75.7T
$86.2T
Non controlling interest
$25.4T
$26.1T
$24.5T
$27.7T
Total equity
$106.7T
$105.9T
$100.3T
$113.9T
Total liabilities and equity
$282.2T
$298.2T
$280.1T
$302.8T
Ecopetrol SA ADR balance sheet, quarters
Line item
Jun 30, 2024
Sep 30, 2023
Sep 30, 2022
Jun 30, 2021
Cash and cash equivalents
$13.2T
$12.1T
$12.9T
$5.0T
Trade and other receivables
$24.1T
$37.6T
$33.6T
$9.5T
Inventories
$11.4T
$11.4T
$10.8T
$7.2T
Other financial assets
$2.1T
$1.8T
$2.2T
$206.3B
Tax assets
$7.9T
$8.0T
$5.7T
$5.6T
Other assets
$3.2T
$3.2T
$2.8T
$1.7T
Current Assets subtotal
$62.0T
$73.9T
$67.9T
$29.2T
Assets held for sale
$135.7B
$29.5B
$76.1B
$52.6B
Total current assets
$62.1T
$73.9T
$68.0T
$29.3T
Trade and other receivables
$30.3T
$30.1T
$28.5T
$738.3B
Other financial assets
$633.9B
$391.3B
$964.6B
$1.2T
Investments in associates and joint ventures
$8.6T
$8.7T
$8.9T
$3.3T
Property, plant, and equipment
$99.1T
$95.4T
$96.8T
$69.4T
Natural and environmental resources
$46.7T
$44.0T
$41.0T
$33.2T
Right-of-use-assets
$760.6B
$589.1B
$605.3B
$352.6B
Intangibles
$15.6T
$15.6T
$17.0T
$588.4B
Tax assets
$12.9T
$7.6T
$11.0T
$8.6T
Goodwill
$5.0T
$5.0T
$5.2T
$1.6T
Other assets
$1.7T
$1.6T
$1.4T
$1.1T
Total non-current assets
$221.4T
$208.8T
$211.4T
$120.1T
Total assets
$283.5T
$282.8T
$279.4T
$149.4T
Loans and borrowings
$16.0T
$17.6T
$22.6T
$5.3T
Trade and other payables
$18.7T
$23.8T
$17.1T
$9.8T
Provisions for employee benefits
$2.9T
$2.8T
$2.2T
$1.9T
Tax liabilities
$1.5T
$3.0T
$6.5T
$700.8B
Accrued liabilities and provisions
$1.2T
$1.0T
$1.1T
$1.0T
Other liabilities
$1.5T
$2.2T
$1.8T
$567.0B
Total current liabilities
$41.9T
$50.4T
$51.4T
$19.3T
Loans and borrowings
$99.0T
$92.1T
$85.1T
$44.7T
Trade and other payables
$14.7B
$47.0B
$63.5B
$16.3B
Provisions for employee benefits
$15.7T
$9.5T
$11.0T
$11.0T
Tax liabilities
$13.9T
$14.1T
$14.0T
$2.0T
Accrued liabilities and provisions
$15.2T
$11.5T
$12.9T
$11.6T
Other liabilities
$2.6T
$3.2T
$2.2T
$612.9B
Total non-current liabilities
$146.4T
$130.5T
$125.3T
$70.0T
Total liabilities
$188.2T
$180.9T
$176.7T
$89.4T
Subscribed and paid in capital
$25.0T
$25.0T
$25.0T
$25.0T
Additional paid-in capital
$6.6T
$6.6T
$6.6T
$6.6T
Reserves
$24.2T
$17.9T
$8.9T
$10.6T
Other comprehensive income
$9.4T
$12.6T
$13.5T
$8.6T
Retained earnings
$5.0T
$14.0T
$23.0T
$5.5T
Equity attributable to the Company's shareholders
$70.3T
$76.2T
$77.1T
$56.4T
Non-controlling interest
$25.0T
$25.7T
$25.6T
$3.6T
Total equity
$95.2T
$101.9T
$102.7T
$60.0T
Total liabilities and equity
$283.5T
$282.8T
$279.4T
$149.4T
Cash flow statement
Ecopetrol SA ADR cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net profit for the year
$14.4T
$18.5T
$25.4T
$35.2T
Income tax expense
$4.4T
$12.2T
$11.5T
$19.0T
Depreciation, depletion, and amortization
$16.1T
$15.2T
$13.8T
$12.1T
Foreign exchange gain
($159.0B)
($51.6B)
($2.4T)
$124.7B
Finance cost of loans and borrowings
$7.6T
$7.4T
$6.9T
$5.5T
Finance cost of post-employment benefits and abandonment costs
$2.6T
$2.5T
$2.2T
$2.0T
Write off exploratory assets and dry wells
$717.0B
$1.1T
$1.5T
$1.0T
(Gain) loss on disposal of non-current assets
($32.0B)
$50.4B
($143.4B)
$380.0B
Profit on business combinations
$0
($1.7T)
—
$0
Profit on reversal of fields
$0
($28.3B)
—
—
Impairment (recovery) loss of non-current assets
($23.0B)
($867.4B)
$2.1T
$288.0B
Impairment loss of current assets
$346.0B
$262.0B
$95.9B
$101.9B
Gain on fair value adjustment of financial assets and interest
($1.5T)
($1.7T)
($245.1B)
($77.1B)
(Gain) loss on hedging transactions with derivatives
($2.0B)
$25.6B
$2.2B
($553.0M)
Share of profit of associates and joint ventures
($710.0B)
($764.4B)
($805.3B)
($768.4B)
Loss on the sale of assets held for sale
$1.0B
$21.1B
$19.8B
($279.6B)
Hedge ineffectiveness
$14.0B
$6.7B
$25.5B
$6.6B
Realized (gain) loss on foreign exchange cash flow hedges
($150.0B)
$238.9B
$479.8B
$1.1T
Movements in provisions
$195.0B
$312.1B
$853.4B
$715.8B
Trade and other receivables
$296.0B
$9.1T
($22.2T)
($28.5T)
Inventories
$897.0B
$532.6B
$808.1B
($2.8T)
Trade and other payables
($1.3T)
($1.3T)
$507.6B
$3.7T
Tax assets and liabilities
($334.0B)
($2.0T)
($5.9T)
($3.1T)
Provisions for employee benefits
($549.0B)
($496.1B)
($178.0B)
($355.6B)
Provisions and contingencies
($827.0B)
($1.1T)
($1.2T)
($1.0T)
Other assets and liabilities
$339.0B
($2.1T)
($601.7B)
$589.7B
Income tax paid
($9.0T)
($10.2T)
($12.8T)
($8.8T)
Net cash provided by operating activities
$33.3T
$45.1T
$19.8T
$36.2T
Investment in joint ventures
($6.0B)
($20.4B)
($853.0M)
($329.4B)
Acquisition of subsidiaries, net of cash acquired
($65.0B)
($157.7B)
$0
$0
Consideration paid in business combination, net of cash and cash equivalents
($301.0B)
—
—
—
Consideration paid for the acquisition of assets
($1.1T)
($880.4B)
—
—
Investment in property, plant, and equipment
($9.8T)
($9.5T)
($9.3T)
($8.8T)
Investment in natural and environmental resources
($10.6T)
($10.5T)
($14.0T)
($12.0T)
Acquisitions of intangibles
($502.0B)
($865.7B)
($776.6B)
($1.1T)
Proceeds from sales of other financial assets
$2.3T
($2.5T)
$976.5B
$1.3T
Interests received
$1.2T
$1.6T
$1.9T
$966.0B
Dividends received
$772.0B
$425.2B
$482.1B
$1.5T
Proceeds from sales of assets
$113.0B
$355.1B
$729.0B
$373.6B
Net cash used in investment activities
($17.9T)
($22.0T)
($20.0T)
($18.1T)
Proceeds from loans and borrowings
$18.4T
$27.2T
$34.0T
$16.8T
Repayment of loans and borrowings
($15.2T)
($26.2T)
($21.7T)
($16.4T)
Interest payments
($8.2T)
($7.5T)
($6.6T)
($5.5T)
Lease payments
($641.0B)
($562.5B)
($533.6B)
($434.6B)
Payment of restitution of equity to minority shareholders
($18.0B)
($30.7B)
($44.8B)
($84.8B)
Ecopetrol SA ADR cash flow statement, quarters
Line item
Jun 30, 2024 · YTD
Sep 30, 2023 · YTD
Sep 30, 2022 · YTD
Jun 30, 2021 · YTD
Net profit for the period
$8.7T
$21.1T
$27.5T
$7.1T
Income taxes
$6.9T
$11.5T
$16.2T
$3.6T
Depreciation, depletion, and amortization
$7.3T
$10.1T
$8.8T
$4.7T
Foreign exchange gain
($45.3B)
($1.8T)
$377.5B
$258.1B
Finance cost of loans and borrowings
$3.5T
$5.2T
$3.9T
$1.2T
Finance cost of post-employment benefits and abandonment costs
$1.3T
$1.7T
$1.6T
$464.0B
Disposal of exploratory assets and dry wells
$604.9B
$976.0B
$437.0B
$170.2B
Loss on sale or disposal of non-current assets
$15.5B
($255.1B)
$299.1B
$17.4B
Impairment of non-current assets
$8.2B
$11.1B
$5.5B
($3.4B)
Impairment of current assets
$40.5B
$59.5B
$46.4B
$18.8B
Gain on fair value of financial assets
($47.2B)
($165.4B)
($179.5B)
$19.0B
(Gain) loss on hedging transactions with derivatives
($758.0M)
$2.2B
$32.0B
—
Share of profit of associates and joint ventures
($386.3B)
($606.3B)
($656.7B)
($115.2B)
Loss on disposal of assets held for sale
$15.8B
$13.8B
($266.3B)
—
(Gain) loss on hedge ineffectiveness
($2.3B)
$19.0B
($949.0M)
$14.2B
Realized (gain) loss on foreign exchange cash flow hedges
($40.1B)
$480.2B
$576.9B
$81.1B
Provision expenses
$240.6B
$402.5B
—
—
Trade and other receivables
$7.2T
($20.3T)
($21.8T)
($4.6T)
Inventories
($732.4B)
($89.0B)
($1.9T)
($2.0T)
Trade and other payables
($2.5T)
($1.2T)
($526.8B)
$691.7B
Current tax assets and liabilities
($283.0B)
($6.7T)
($1.7T)
($1.4T)
Provisions for employee benefits
($489.5B)
($394.2B)
($244.8B)
($323.7B)
Provisions and contingencies
($387.0B)
($881.1B)
($216.5B)
$76.4B
Other assets and liabilities
($652.2B)
$53.1B
($390.0B)
$49.0B
Cash flows from operations
$30.3T
$19.0T
$31.9T
$9.7T
Income tax paid
($7.2T)
($9.6T)
($7.0T)
($3.5T)
Net cash provided by operating activities
$23.1T
$9.4T
$24.9T
$6.2T
Investment in joint ventures
($11.6B)
$0
($209.7B)
—
Investment in property, plant, and equipment
($3.7T)
($6.1T)
($5.3T)
($2.3T)
Investment in natural and environmental resources
($4.8T)
($10.3T)
($7.5T)
($2.9T)
Acquisitions of intangibles
($389.2B)
($476.4B)
($702.0B)
($63.3B)
Proceeds from the sale of other financial assets
($685.0B)
$1.0T
$393.1B
$1.7T
Interests received
$782.8B
$1.4T
$612.9B
$67.9B
Dividends received
$213.0B
$276.4B
$1.2T
$82.0B
Proceeds from sales of non-current assets
$67.8B
$751.2B
$402.4B
$10.8B
Net cash used in investment activities
($8.5T)
($13.5T)
($11.1T)
($3.3T)
Proceeds obtained from loans and borrowings
$10.4T
$28.9T
$10.5T
$70.1B
Payments of loans and borrowings
($8.5T)
($18.2T)
($11.6T)
($751.2B)
Interest payments
($3.6T)
($4.7T)
($3.6T)
($1.2T)
Lease payments (principal and interests)
($282.0B)
($380.9B)
($311.7B)
($150.2B)
Capital restitution
($15.3B)
($24.1B)
($14.8B)
—
Dividends paid
($12.2T)
($3.9T)
($11.2T)
($1.2T)
Net cash used in financing activities
($14.1T)
$1.7T
($16.3T)
($3.2T)
Exchange difference in cash and cash equivalents
$473.1B
($944.8B)
$867.2B
$208.2B
Net increase (decrease) in cash and cash equivalents