ECNYSECrude Petroleum & Natural GasFiscal year ends December 31

ECOPETROL S.A.

Financials through fiscal 2025, year ended Dec 31, 2025

$17.77−0.13 (-0.73%)

Close on Oct 19, 2026

ECOPETROL S.A. cash flow statement

Millions of COP, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Depreciation & Amortization	16,107,000	15,197,000	13,812,000	12,128,991	10,159,922	9,324,538	8,582,783	7,704,850	8,281,347	7,607,000	6,770,358
Change in Inventory	897,000	533,000	808,000	-2,831,729	-2,980,134	716,077	-597,552	-448,135	-323,626	-217,198	-183,231
Change in Accounts Payable	-1,290,000	-1,277,000	507,000	3,690,068	3,117,982	-2,550,411	1,389,064	1,355,175	21,417	-619,131	-2,202,808
Operating Cash Flow	33,342,000	45,127,000	19,801,000	36,234,570	22,536,021	9,186,704	27,711,767	22,469,194	16,973,626	14,232,940	11,677,915
Capital Expenditures	-9,773,000	-9,521,000	-9,350,000	-8,767,716	-6,117,588	-5,032,317	-4,012,659	-3,302,929	-2,363,283	-3,646,929	-8,548,933
Acquisitions	-65,000	-158,000	0	0	-8,951,587	0	0	–	–	–	–
Sale of Property, Plant & Equipment	–	–	–	–	–	–	154,780	92,620	267,324	109,896	166,211
Investing Cash Flow	-17,912,000	-22,034,000	-20,020,000	-18,095,033	-20,518,231	-8,528,805	-10,035,969	-8,718,803	-4,383,759	-9,383,569	-12,811,479
Dividends Paid	-11,717,000	-15,565,000	-5,571,000	-13,356,947	-2,771,287	-8,734,351	-13,867,029	-4,427,701	-1,504,647	-1,712,298	-5,493,400
Stock Issued	–	–	–	–	–	–	–	–	0	0	3.00
Debt Issued	18,402,000	27,155,000	34,035,000	16,844,029	24,666,792	13,805,403	359,876	517,747	444,827	4,594,640	10,985,933
Debt Repaid	-15,192,000	-26,158,000	-21,660,000	-16,409,494	-11,267,540	-5,003,885	-1,596,630	-9,270,262	-9,007,340	-3,149,917	-4,903,592
Financing Cash Flow	-17,365,000	-22,687,000	-355,000	-18,934,042	6,958,380	-2,629,055	-17,170,332	-15,790,778	-12,764,139	-2,763,021	-1,392,183
Foreign Exchange Rate Adjustments	-1,425,000	1,312,000	-2,491,000	1,645,657	491,428	-22,294	258,548	406,246	-290,310	-226,333	1,458,019
Net Change in Cash	-3,360,000	1,718,000	-3,065,000	851,152	9,467,598	-1,993,450	764,014	-1,634,141	-464,582	1,860,017	-1,067,728
Free Cash Flow	23,569,000	35,606,000	10,451,000	27,466,854	16,418,433	4,154,387	23,699,108	19,166,265	14,610,343	10,586,011	3,128,982
Income Taxes Paid	9,029,000	10,219,000	12,832,000	8,761,294	5,702,902	5,457,225	5,295,703	6,650,116	4,217,303	4,347,364	3,148,028

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 31.4%
Operating margin: 22.3%
Net margin: 8.8%
Return on equity, FY2025: 13.0%

Financial strength

Current ratio: 1.55
Debt to equity: 1.34
Debt to assets: 38.7%
Cash to current liabilities: 31.0%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.