Highlights 

  • Ecopetrol posts COP 29.8 trillion in 3Q 2025 revenue and COP 12.3 trillion in EBITDA. 
  • Nine-month net income reaches COP 7.5 trillion despite market volatility. 
  • Gas expansion advances with environmental clearance for FSRU deployment at Coveñas Terminal. 
  • Renewable energy capacity rises 77% year over year to 234 MW in operation. 
  • The Workplace Environment Index improves from 60 to 68, reflecting progress in organizational culture. 

Ecopetrol Group (NYSE:EC) released its financial results for the third quarter of 2025, highlighting operational resilience and progress across strategic energy transition initiatives. During the first nine months of the year, the company focused oncapitaldiscipline, advancing national energy security, and consolidating projects aligned with Colombia’s long-term transition goals. 

For the quarter, Ecopetrol reported revenue of COP 29.8 trillion,EBITDAof COP 12.3 trillion with a 41% margin, and net income of COP 2.6 trillion. While lower crude prices andexchange ratechanges affected results year over year, the group’s diversified portfolio and integrated hydrocarbon operations helped cushion the impact. Across the nine-month period, revenue reached COP 90.9 trillion, and EBITDA totaled COP 36.7 trillion, reflecting the contribution of higher production, efficiency efforts, and improved basket differentials. 

A 42% recovery in net profit compared with 2Q 2025 was driven by stable refining operations, cost control and improved performance from Interconexión Eléctrica S.A. and its subsidiaries. 

Operational Advances in Hydrocarbons, Gas, and Midstream Infrastructure 

Ecopetrol recorded quarterly production of 751 mboed, supported by keyassetssuch as Caño Sur, CPO-09, and its Permian operations in the United States. Transported volumes totaled 1,118 mbd, benefiting from better infrastructure utilization, increased third-party shipments, and the reversal of the Coveñas–Ayacucho system. Refining throughput reached 429 mbd due to completed maintenance and operational improvements in Barrancabermeja. 

A major milestone in energy security was the approval from Colombia’s environmental authority to move forward with LNG import and regasification at the Coveñas Marine Terminal using a Floating Storage and Regasification Unit (FSRU). This project strengthens the country’s gas supply network by enabling coastal-to-inland transport and positioning Coveñas as a regional hub for natural gas. 

Ecopetrol also reported progress in the commercialization of gas from the Floreña field, securing 39 agreements with 22 off takers in the first phase. 

Energy Transition, Culture, and Sustainability Reporting 

The group advanced its energy transition roadmap with the launch of La Iguana Solar Farm, a 26 MW facility designed to support the Barrancabermeja refinery and reduce operational emissions. Total renewable capacity in operation reached 234 MW at the end of 3Q 2025, marking a 77% increase compared with the same period in 2024. 

On the human capital front, Ecopetrol improved its Workplace Environment Index score to 68, reflecting employee satisfaction and progress in creating a more supportive and collaborative workplace. The company also became the first in Colombia to voluntarily publish its 2024 Financial Sustainability Report incorporating elements from the International Sustainability Standards Board. 

Conclusion 

Ecopetrol’s third-quarter performance demonstrates its ability to navigatecommodityvolatilitywhile advancing national energy security, gas infrastructure, and energy transition initiatives. With continued progress in operational efficiency, renewable energy expansion, and governance practices, the company remains positioned to meet its targets for 2025 and maintain value creation for shareholders and the country.