$EC · ECOPETROL S.A.
Ecopetrol filed its Form 6-K with unaudited interim results for the six months ended June 30, 2026. Sales rose 12.8% to COP 68,823 billion, gross profit jumped 42.1% to COP 27,237 billion, and net profit attributable to owners of the parent climbed 60.0% to COP 9,344 billion. Results were driven by a materially stronger crude price environment, with crude averaging US$87.6/bl versus US$70.8/bl a year earlier.
- Sales rose 12.8% to COP 68,823 billion for H1 2026.
- Net profit attributable to owners of parent rose 60.0% to COP 9,344 billion.
- Operating income increased 48.2% to COP 20,776 billion.
- Crude oil averaged US$87.6/bl, up US$16.8/bl versus H1 2025.
- FEPC account receivable reached COP 8.0 trillion as of June 30, 2026.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Strong crude prices drove a 48.5% profit surge, but an early-stage forensic audit and cybersecurity incident add governance and downside uncertainty.
Global crude market shifted from a 0.5 mmbd surplus to a 2.5 mmbd deficit in H1 2026, lifting prices and margins across Latin American producers.
A July 2026 cybersecurity incident exposed files across ~15 group companies, with full scope and costs still uncertain. An ongoing forensic audit into procurement irregularities could yield material adjustments or reputational harm.