EC Earnings Prediction
The chart below shows how EC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EC sees a +0.83% change in stock price 10 days leading up to the earnings, and a +2.41% change 10 days following the report. On the earnings day itself, the stock moves by -0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
EC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.45B
-2.71%
1.67%
Gross Margin
34.57%
-16.38%
-6.37%
Operating Margin
27.32%
-16.86%
-6.92%
Net Margin
14.76%
-13.43%
9.41%
EPS
0.02
-33.33%
0.00%
No Data Available
EC Earnings Analysis
Ecopetrol S.A Corporation (EC.N) Earnings Conference Call
Positive
Production Increase Summary: By the end of September 2024, we achieved a production of 752,000 barrels of oil equivalent per day, an increase of 22,000 barrels compared to the same period of previous year.
Record Refining Throughput: We transported an average of 1,126,000 barrels per day and reached the highest level of refining throughput in the history of our refineries with an average of 418,000 barrels per day.
Financial Performance Overview: We closed the first nine months of the year with revenues of COP 98.5 trillion, and EBITDA of COP 42.3 trillion and a net profit of COP 11 trillion.
Strong EBITDA Margin: Our EBITDA margin of 43% demonstrates our strong ability to maintain profitability in a challenging environment.
Historic Refinery Throughput: As of September 2024, the refineries achieved historic throughputs of 418,000 barrels per day, accomplished even under a challenging environment and an intense period of major scheduled maintenances.
Negative
Third Quarter Earnings Decline: Earnings for the third quarter of 2024 showed a net income of COP 11 trillion, a decrease of approximately COP 3.8 trillion compared to the same period last year.
EBITDA Margin Decline: The EBITDA margin for the third quarter was reported at 40%, which is relatively low compared to previous years, indicating a decline in profitability.
Refining Margin Decline: Refining gross margin decreased by $13.6 per barrel versus the third quarter of 2023, primarily due to the drop in international fuel prices, particularly gasoline and diesel.
Production Volume Decline: The company faced a significant reduction in production volumes due to social unrest, with a reported decrease of 6,800 barrels of oil equivalent per day, representing less than 1% of total production.
Net Income Impact Analysis: The overall financial performance was impacted by external factors, leading to a net income effect of COP 5.3 trillion compared to 2023.
EC FAQs
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EC Earning Call Sentiment
Ecopetrol S.A. (EC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EC.N
-4.66%Positive
The earnings call summary presents mixed signals. While there are positive aspects like increased production and efficiency gains, there are concerns over declining refining EBITDA and unclear management responses in the Q&A. The lack of special dividends and declining margins further contribute to a cautious outlook. The overall sentiment is neutral, as positive developments are balanced by potential risks and uncertainties.
