Ecopetrol said it expects first-quarter net profit of 2 trillion to 3 trillion Colombian pesos, equivalent to about $563.1 million to $844.7 million. The update is a forward-looking profit estimate for the Colombian state-run energy company and points to solid first-quarter fundamentals. The announcement is positive but limited in market-moving significance absent a comparison with prior guidance or consensus.
Ecopetrol said it expects first-quarter net profit of 2 trillion to 3 trillion Colombian pesos, equivalent to about $563.1 million to $844.7 million. The update is a forward-looking profit estimate for the Colombian state-run energy company and points to solid first-quarter fundamentals. The announcement is positive but limited in market-moving significance absent a comparison with prior guidance or consensus.
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mildly positive
Sentiment Score
0.20
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