Company Analysis

Ecopetrol S.A (EC)

NYSE: EC · Crude Petroleum & Natural Gas · Bogota, CO · filing with the SEC since 2008
Grade5.4
◀ Past 6.2● Present 5.2▶ Future 4.5
2 est.

The grade of Ecopetrol S.A

Nine metrics read from its own filings, by tense
Headline grade
5.4/10
◀ Past6.240% of the headline
● Present5.235% of the headline
▶ Future4.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.0/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2017-05-02.

weight 45% of this tense · 50th percentile among 83 sector filers · read for itself

From the record

Ecopetrol S.A's filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2017-05-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.5/10

What has it actually done, year after year?

+10.9% a year over 10 filed years; profitable in 9 of 10.

weight 33% of this tense · 65th percentile among 74 sector filers · read for its customers

From the record

Ecopetrol S.A's 10 filed years say what it did: revenue went from COP 52347 billion in fiscal 2015 to COP 133330 billion in fiscal 2024, up 10.9% a year; it rose in 5 of 9 years; the deepest fall was 30% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.9%bottom 47% of its family
  • the share of years revenue rosebottom 44% of its family
  • the share of filed years with a profittop 8% of its family
  • the deepest fall from a revenue peak29.7%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
8.2/10

How has it treated the people who own it?

SI estimate 8.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 82nd percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the top 18% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 78 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ecopetrol S.A's shareholder treatment is put at 8.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the top 18% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.0/10

Is it financially healthy right now?

ROE 17%: 17¢ of profit per shareholder dollar. Leverage 64%: owes 64¢ per asset dollar.

weight 45% of this tense · 40th percentile among 76 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Ecopetrol S.A earned about 17 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 16 cents per dollar of everything the company owns. Leverage: it owed about 64 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 19% of its family
  • return on equitytop 15% of its family
  • gross profit against assetsbottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.2/10

How strong is its position in its industry?

top 28% of 76 in its family; net margin 13.9%.

weight 33% of this tense · 72nd percentile among 76 sector filers · read for its customers

From the record

Ecopetrol S.A's standing among 76 graded names in its industry family: revenue of COP 133330 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 13.9% ranks in the top 36%; revenue growth of 13.2% a year over the last 3 filed years ranks in the top 20% (its annual reports).

What it rests on

  • net margin13.9%top 36% of its family
  • three-year revenue growth13.2%top 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.7/10

What are the people in charge doing?

SI estimate 4.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 58 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-24 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 58 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-24 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 58 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ecopetrol S.A's leadership is put at 4.7 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-24 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 58 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.5/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.7/10

How much room does it have to grow?

bottom 27% of 74 in its family for room to expand.

weight 22% of this tense · 27th percentile among 74 sector filers · read for itself

From the record

Ecopetrol S.A's room to grow, from the newest filed statements (fiscal 2024): cash of COP 14054 billion against debt of COP 119965 billion leaves -35.5% of its assets as net cash, bottom 11% of its family; cash from operations less capital spending is 26.7% of revenue (top 46%); a gross margin of 35.1% (bottom 17%) (its annual report).

What it rests on

  • cash less debt against assets-35.5%bottom 11% of its family
  • cash from operations less capital spending against revenue26.7%top 46% of its family
  • gross margin35.1%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.3/10

What could actually drive growth from here?

top 37% of 72 in its family for growth drivers.

weight 33% of this tense · 63rd percentile among 72 sector filers · read for its customers

From the record

Ecopetrol S.A's growth drivers, from the filed years to fiscal 2024: revenue grew 13.2% a year over the last three filed years against 10.9% over all 10, speeding up (top 12% of its family); the newest year grew -6.9% (bottom 34%); capital spending grew 15.9% a year (top 33%) (its annual reports). Ecopetrol S.A tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+2.3 points a yeartop 12% of its family
  • the newest year's revenue growth-6.9%bottom 34% of its family
  • three-year growth of capital spending15.9%top 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.1/10

Did its newest year beat what its own record pointed to?

bottom 41% of 69 in its family for expectations against reality.

weight 45% of this tense · 41st percentile among 69 sector filers · read for its shareholders

From the record

Ecopetrol S.A's newest year against its own record: revenue of COP 133330 billion in fiscal 2024 came in 25.4% below the COP 178780 billion its prior three years' pace pointed to (bottom 8% of its family); net income of COP 18499 billion against a prior three-year average of COP 26071 billion (top 43%); a net margin of 13.9% against 19.7% before (top 41%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-25.4%bottom 8% of its family
  • net income against the prior three years' average-29%top 43% of its family
  • net margin against its prior average-5.8 pointstop 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EC · research, not advice