Ecopetrol Profit Jumps 86% in Third Quarter
Colombia's state oil company reported third-quarter net income of about US$1.45 billion, up 86%, driven by higher oil and refining prices. The post Ecopetrol Profit Jumps 86% in Third Quarter appeared first on The Rio Times .
Colombia's state-owned oil company, Ecopetrol, announced an 86% surge in net income for the third quarter of 2026, reaching about US$1.45 billion. This marks an increase from COP 2.6 billion (US$786 million) a year earlier. The company's EBITDA, or operating earnings, climbed to COP 15.9 trillion (US$4.8 billion), a 29% rise, with a margin of 45%.
Revenue grew 18% to COP 35.1 trillion (US$10.6 billion) for the quarter. Ecopetrol's refining arm reached a record margin of US$45.6 per barrel, a 219% increase from the previous year. The company's overall production averaged 747,000 barrels of oil equivalent daily, up 6% from the prior quarter. Debt is currently at 2.1 times operating earnings, below the ceiling of 2.5.
Ecopetrol ranks 6th among Latin American power companies in The Rio Times Power Index, with 51.1 points. The government's fuel price stabilization fund owed Ecopetrol COP 11.4 trillion (US$3.4 billion) for the quarter.
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