Ecopetrol utilities continued to register figures down in the first quarter of this year. The net profit of the state oil company It was $ 3.1 billion, which translates into a 22.1% drop if compared to the same period of the previous year.
That is to say that the oil company lost $ 800,000 million in profits in this last year. According to analysts, these are the worst results in the last 16 quarters.
Ecopetrol registered income of $ 31.36 billion, which represents a slight rise of 0.2% if compared to the same period of the previous year.
While Ebitda was 42%, this also showed a 3.2%drop Faced with the first quarter of last year, when the value was 45.5%.
According to Ricardo Roa, president of the Colombian oil company, the fall in the international price of the Brent reference barrel did not affect quarterly income. Faced with this, they consider that the effects derived from this decrease will only be reflected in the results of the following three months. It is estimated that if the barrel does not exceed US $ 60 barrier, it could derive at $ 1.4 billion less in income.
On the production side, Roa mentioned that national production was the highest in the last five years, after there were 521,000 barrels per day. The forecasts of the total production of the analysts did materialize as they reached 745,000 barrels per day.
Regarding gas, he commented that the Pacific Regasification project continues to take steps for its operation in the second semester of 2026. In that sense, Roa anticipated that the agreements reached with the project operator could mean that, as of January next year, It would already come into operation with a partial regasification capacity of 25 million cubic feet daily, MPCD, compared to the expected total capacity of 60 MPCD.
