Ecopetrol S.A. (EC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Natalia and I will be your operator today. Welcome to Ecopetrol's earnings conference call, in which we will discuss the main financial and operating results of the first quarter of 2026. There will be a questions and answers session at the end of the presentation. Before we begin, it is important to mention that the comments in this call by Ecopetrol Senior Management include projections of the company's future performance. These projections do not constitute any commitment as to future results, nor do they take into account risks or uncertainties that could materialize. As a result, Ecopetrol assumes no responsibility in the event that future results are different from the projections shared on this conference call. The call will be led by Mr. Juan Carlos Hurtado, Acting CEO of Ecopetrol, Carlos Mauricio Avila, Acting Executive Vice President of Hydrocarbons, Camilo Barco, CFO, and Byron Triana, Executive Vice President of Energies for the Transition. Thank you for your attention. Mr. Hurtado, you may begin your conference. Welcome to the first quarter 2026 earnings call. It's an honor to address you as Acting President of the Ecopetrol Group. 2026 began in a volatile international environment, marked by an intensification of geopolitical tensions, with direct impacts on energy markets and global logistics. Within this context, our operational capabilities were key to sustaining the Group's performance. Let me highlight the main milestones of the quarter. In exploration, we underscored the successful result of the COPASUL-1 well in the Caribbean offshore. This confirms new gas accumulations independently from Syria's and expands the bloc's potential, contributing to the country's energy security. In production, we reached 725,000 barrels of...