Ecopetrol S.A. (EC) , Expand Energy Corporation (EXE) and RPC, Inc. (RES) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Diversified Energy Company is an independent oil and natural gas producer in the United States. The company is primarily engaged in the production, transportation, and marketing of natural gas and natural gas liquids. The rising demand for natural gas as a cleaner-burning fuel and an uptick in the commodity ...

BOGOTA, Columbia, May 21, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that it executed an asset purchase purchase agreement with Statkraft European Wind and Solar Holding, AS ("Statkraft") on May 20, 2025, for the potential acquisition of its portfolio in Colombia. This portfolio includes one company dedicated to the development and operation of solar and wind assets, six special purpose entities owning solar projects (614 MW), and three special purpose entities owning wind proj ...

Statkraft has signed an agreement to sell Enerfín Colombia, its renewables portfolio in Colombia, to the country’s national oil company Ecopetrol.  Enerfín Colombia was established in 2016 and is based in Bogotá. The transaction includes staff, eight projects under development, and the 130 MW Portón del Sol solar plant. This plant entered into operation over a year ago and was the first utility-scale solar plant in Colombia. The sale is expected to be completed during the third quarter of 2025, subject to r ...

FINANCIAL RESULTS 1st Quarter Legal Disclaimer Financial Results This document was prepared by Ecopetrol S.A. (the "Company" or "Ecopetrol") with the purpose of providing the market and interested parties certain financial and other information of the Company. This document may include strategy discussions and forward-looking statements regarding the probable development of Ecopetrol's business. Said projections and statements include references to estimates or expectations of the Company regarding its futu ...

Financial Data and Key Metrics Changes - The first quarter of 2025 saw stable financial performance despite lower Brent prices, with net income at COP 3.1 trillion and EBITDA at COP 13.3 trillion, resulting in an EBITDA margin of 42% [38] - The refining margin decreased by $3.9 per barrel compared to the same period last year, attributed to various factors including product differentials and scheduled maintenance [22][23] - The company executed investments of $1.2 billion, exceeding the average for the first quarter over the past five years [39] Business Line Data and Key Metrics Changes - In the hydrocarbons line, average production reached 745,000 barrels of oil equivalent per day, marking the highest crude oil production in Colombia in the last five years [17] - The midstream segment experienced a 2% decrease in transported volumes compared to the first quarter of 2024, primarily due to scheduled maintenance [19] - The refining throughput for the first quarter was 396,000 barrels per day, representing a nearly 7% reduction compared to the same period in 2024 [21] Market Data and Key Metrics Changes - Ecopetrol supplied approximately 68% of Colombia's natural gas demand during the first quarter, reaffirming its critical role in national energy security [7][32] - The company reported a significant contribution from the energy efficiency program, generating savings of nearly COP 23 billion and avoiding over 90,000 tons of CO2 equivalent emissions [8][32] Company Strategy and Development Direction - The company is focused on diversifying its customer base and enhancing commercial management to navigate global uncertainties and price volatility [4] - Ecopetrol is committed to increasing its renewable energy capacity, aiming for over 1,000 megawatts of cell generation capacity this year [8] - The company is advancing projects in natural gas and renewable energy, including a regasification project expected to begin operations in Q2 2026 [6][28] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of maintaining operational and capital discipline in response to geopolitical tensions and OPEC supply increases [4] - The company anticipates challenges due to potential declines in Brent prices but has implemented measures to enhance resilience and financial flexibility [45][48] - Management expressed confidence in the company's ability to generate sustainable value despite market volatility [49] Other Important Information - The company has made significant progress in its efficiency program, achieving COP 700 billion in savings across various segments [26] - Ecopetrol's cash balance closed at COP 17 trillion, generating a positive free cash flow of COP 1.4 trillion [40] - The company is actively managing its debt levels, with a gross debt to EBITDA ratio remaining steady at 2.2 times [40] Q&A Session Summary Question: Impact of falling oil prices on EBITDA and revenue - Management confirmed that each dollar change in Brent impacts EBITDA by COP 740 million and net profit by COP 370 million, with a breakeven for production at $55 per barrel [51][56] Question: VAT implications and future payments - Management explained that the new VAT ruling requires ongoing payments, with expectations to recover 93% of the amount through tax returns [66][68] Question: Sensitivity of production to CapEx reduction - Management indicated that 99% of production has a breakeven of $55 per barrel, and priority will be given to investments that create new production [74][75]

Speaker1 Ecopetrol (EC) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Good morning. My name is Natalia, and I will be your operator today. Welcome to Ecopetrol's earnings conference call, in which we will discuss the main financial and operating results of the first quarter of twenty twenty five. There will be a question and answer session at the end of the presentation. Before we begin, it is important to mention that the comments in this call by Ecopetrol's senior management include projections ...

Group 1 - Ecopetrol S.A. has been authorized by the Ministry of Finance and Public Credit to execute a loan agreement of up to USD 500 million with Banco Santander, with a term of five years and an interest rate indexed to the SOFR rate [1][2] - The funds from the loan will be allocated to non-investment expenses and will assist in achieving the Gross Debt/EBITDA target for 2025 [2] - The loan agreement reflects the international financial sector's support and confidence in Ecopetrol Group's strategy, despite a challenging market context [3] Group 2 - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, responsible for over 60% of the country's hydrocarbon production [4] - The company has a significant presence in energy transmission and holds leading positions in petrochemicals and gas distribution, with operations in the United States, Brazil, Mexico, and other countries [4]

Core Viewpoint - Ecopetrol S.A. is initiating a joint plan to ensure the continuity of gas projects in the Southern Caribbean following Shell's withdrawal from its offshore assets in the region [1][2]. Group 1: Project Continuity and Development - Shell's withdrawal is linked to its global portfolio strategy, impacting gas discoveries in the Col 5, Purple Angel, and Fuerte Sur blocks, which are considered priority projects for Ecopetrol and Colombia [2][3]. - The Gorgon development project is expected to be completed by the first half of 2029, with production anticipated to start between 2031 and 2032 [3]. - Ecopetrol is exploring connection options with the National Transportation System to commercialize gas from the Gorgon project and meet national demand [3]. Group 2: Strategic Partnerships and Investments - Ecopetrol continues to partner with Shell and Total Energies in the development of the Gato Do Mato field in Brazil, with significant resources allocated for 2025 [4]. - The company is committed to developing gas resources in the Caribbean Sea, viewing gas as a key component of the energy transition [4]. Group 3: Company Overview - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production and holding leading positions in petrochemicals and gas distribution [5]. - The company has a significant international presence, with operations in the United States, Brazil, and Mexico, and holds leading positions in power transmission in several South American countries [5].

Core Insights - Ecopetrol S.A. is the largest company in Colombia and a major integrated energy player in the Americas, employing over 19,000 people and responsible for more than 60% of the country's hydrocarbon production [1] - The company has recently acquired 51.4% of ISA's shares, expanding its involvement in energy transmission and real-time systems management, as well as road concessions [1] - Ecopetrol has significant international operations, including drilling and exploration in the U.S. (Permian basin and Gulf of Mexico), Brazil, and Mexico, and holds leading positions in power transmission in Brazil, Chile, Peru, and Bolivia [1] Management Appointments - Julián Fernando Lemos has been appointed as Corporate Vice President of Strategy and New Business, effective May 1, 2025, bringing 19 years of experience in leadership and investment management [3] - Diana Marcela Jiménez will serve as Director of Institutional Relations and Communications, effective May 1, 2025, with 20 years of experience in stakeholder engagement and corporate communication [3] - Julio César Herrera has been appointed as Vice President of Commercial and Marketing, effective May 1, 2025, with over 15 years of experience in the energy sector [3]

BOGOTA, Colombia, April 24, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs the filing of its annual report under Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the "SEC"). With the filing of its annual report under Form 20-F, the Company complies with its reporting obligations with the SEC, the New York Stock Exchange (NYSE), bondholders, and investors. The annual report includes, among others, the financial statements of Ecop ...