UPDATE 1-Ecopetrol to issue up to $2 bln in bonds, warns Q1 results will be hit by COVID-19 [Reuters]
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
Company Research
Source: Reuters
UPDATE 1-Ecopetrol to issue up to $2 bln in bonds, warns Q1 results will be hit by COVID-19 (Adds details, background) BOGOTA, April 24 (Reuters) - Colombia’s majority state-owned oil company Ecopetrol will issue up to $2 billion in bonds, the company said on Friday, and warned its first-quarter results will be hit by the coronavirus outbreak. Ecopetrol expects its first-quarter consolidated net income to fall by 52% to 65% before impairments, compared with the year-earlier period, it said in a statement. It also forecast that its consolidated gross profit and consolidated operating income will be lower by between 32% to 36% and 43% to 47% respectively. The company’s first-quarter performance took a hit from a fall in oil prices, as well as higher operating costs, the depreciation of the Colombian peso against the U.S. dollar and volatility in capital markets affecting the valuation of its financial portfolio, Ecopetrol said. Global oil prices have dropped sharply on a combination of
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News
- Turmoil at Colombia's Ecopetrol raises profit fears ahead of US investment decision [Yahoo! Finance]Yahoo! Finance
- Ecopetrol announces changes in senior management and the appointment of a legal representative [Yahoo! Finance]Yahoo! Finance
- Ecopetrol announces changes in senior management and the appointment of a legal representativePR Newswire
- Parex Resources Announces Enhanced Strategic Partnership with Ecopetrol and Provides Operational Update [Yahoo! Finance]Yahoo! Finance
- Ecopetrol Plans to Build Latin America's Largest Green Hydrogen Plant [Yahoo! Finance]Yahoo! Finance
EC
Sec Filings
- 12/16/24 - Form 6-K
- 12/2/24 - Form 6-K
- 12/2/24 - Form 6-K
- EC's page on the SEC website