Ecopetrol S.A. plans to release its financial and operating results for the second quarter of 2026 on Monday, August 3, 2026, after the market closes. The announcement will provide insights into the company's performance during the quarter.

Management will hold a virtual conference on Tuesday, August 4, 2026, to discuss the results. The call will feature simultaneous transmission in Spanish and English, allowing stakeholders to participate in their preferred language.

Conference Schedule

The conference call is scheduled at the following times:

Participants can join the event via a specific link and ask questions through the platform once the call begins. The earnings release, presentation, webcast, and a recording of the conference call will be available on Ecopetrol's website.

Ecopetrol is the largest company in Colombia and a major integrated energy company in the American continent. It holds leading positions in hydrocarbon production, refining, petrochemicals, and gas distribution, with international operations in the United States, Brazil, and Mexico.

Ecopetrol reported first-quarter 2026 revenues of 28.6 trillion pesos, with an EBITDA of 13.5 trillion pesos and a net income of 2.9 trillion pesos. The EBITDA margin expanded to 47%, driven by disciplined cost execution and a stronger contribution from the refining business. The company achieved a refining margin of $17.3 per barrel, a 60% increase versus the first quarter of 2025, reflecting favorable market conditions and operational execution.

Operational Performance

Production reached 725,000 barrels of oil equivalent per day during the quarter. Domestic crude production increased by 6,000 barrels per day compared to the fourth quarter of 2025, reaching 527,000 barrels per day. This growth was driven by performance at the Castilla field and the commissioning of new wells in Capachos and Putumayo. However, gas sales decreased by approximately 5,000 barrels of oil equivalent per day due to seasonal patterns, while international production declined by about 5,000 barrels of oil equivalent per day due to scheduled maintenance.

Strategic Initiatives

Ecopetrol is advancing the acquisition of a majority stake in Brava Energia in Brazil. The transaction involves a private acquisition of approximately 26% of the company's equity and a voluntary tender offer to reach a controlling stake of up to 51%. Based on 2025 figures, Brava Energia holds 459 million barrels of oil equivalent in 1P reserves and production of approximately 81,000 barrels per day. The company also signed farm-in agreements with Parex and Gran Tierra in the Magdalena Medio region, enabling investments of about $250 million and $92 million respectively to develop mature assets.

Financial Position

The company closed the quarter with a cash balance of 14 trillion pesos, supported by operating cash flow of 7.2 trillion pesos. Free cash flow was positive at 4 trillion pesos. Ecopetrol maintained a solid financial position through active liquidity management, including the monetization of tax receivables for approximately 1.8 trillion pesos. The group paid dividends of approximately 4.4 trillion pesos in April, with the second installment scheduled for June.

Future Guidance

Ecopetrol maintains its full-year production target between 730,000 and 740,000 barrels of oil equivalent per day. Capital investment plans are trending towards the upper end of the range. Management expects Brent prices to remain between $83 and $93 per barrel for the remainder of the year, with an exchange rate between 3,600 and 4,000 pesos.