Tuesday, Nov. 10, 2026. After a 3.67% surge in the COLCAP on Monday, Colombian assets face a busy Tuesday: Ecopetrol (NYSE: EC) reports third-quarter results, investors digest Colombia’s October inflation released Monday night, and the U.S. CPI lands at 8:30 a.m. ET. Here is what dollar-based investors in EC, CIB and the COLO ETF should watch.
Ecopetrol earnings: the numbers to watch
| Metric | Ecopetrol’s own Q3 estimate | Q2 2026 actual |
|---|---|---|
| Net income | COP 4–5 trillion | COP 6.06 trillion |
| Revenue | COP 33–36 trillion | COP 40.2 trillion |
| Production | 740,000–750,000 boe/d | 705,800 boe/d |
Ecopetrol published these ranges in its October operating update. At about 3,270 pesos per dollar, COP 4–5 trillion is roughly $1.2–1.5 billion. Beyond the headline, watch the cost per barrel, any comment on the 2027 dividend and how management frames lower oil prices after Brent fell nearly 6% on Monday. The conference call is Wednesday, Nov. 11, at 9:00 a.m. ET.
The charts and screeners behind our market coverage. Create a free account; if you later choose a paid plan you get a $15 discount.
Open TradingView → · Affiliate linkColombia’s October inflation
Economists expected annual inflation to rise to 6.38% from 6.29% in September, a two-year high. With the central bank’s policy rate at 12.25% after a 4–3 vote to hold on Oct. 30, a hotter print would push back expectations of rate cuts, a support for the peso but a headwind for bank and utility stocks.
Scenarios for EC, CIB and COLO
| Scenario | Likely move | Most exposed |
|---|---|---|
| Ecopetrol beats, U.S. CPI in line | COLCAP extends rally toward its 2,627 record; EC catches up after lagging Monday | EC, COLO |
| Results in range, no data surprises | Some profit-taking after Monday’s 3.7% jump | CIB, Grupo Sura, Grupo Argos |
| Ecopetrol misses or inflation runs hot | Stocks fall and the peso weakens, a double hit for dollar investors | EC, CIB, COLO |
Illustrative scenarios from Bolsa al Día, not a forecast.
Fundamentals, charts, valuation and side-by-side comparisons of stocks, ETFs and funds worldwide, including Colombian ADRs. There is a free plan to start.
Try Koyfin → · Affiliate linkThe peso
The peso closed Monday at 3,269 per dollar, about 0.9% weaker on the day, but still roughly 14% stronger than in January. A hot U.S. CPI would likely lift the dollar globally; cheaper oil and fiscal worries add pressure. For the bigger picture, see our Colombian peso forecast for 2027 and the daily Colombian peso today.
Key times (ET)
| Time (ET) | Event |
|---|---|
| 8:30 a.m. | U.S. October CPI |
| 9:30 a.m. | Colombian Stock Exchange and NYSE open |
| During the day | Ecopetrol Q3 results |
| 4:00 p.m. | Close |
| Wed. 9:00 a.m. | Ecopetrol conference call |
| Mon., Nov. 16 | Colombian holiday: local market closed |
Read Monday’s recap: Colombia stock market close, Nov. 9, 2026. Bolsa al Día reports; we don’t recommend.
FAQ
When does Ecopetrol report Q3 2026 earnings?
On Tuesday, Nov. 10, 2026, with a conference call on Wednesday, Nov. 11, at 9:00 a.m. ET.
How much does Ecopetrol expect to earn in Q3 2026?
Ecopetrol estimated net income of COP 4 trillion to 5 trillion, roughly $1.2 billion to $1.5 billion, down from COP 6.06 trillion in Q2.
What is Colombia’s inflation expected to be for October 2026?
Economists expected about 6.38% year over year, up from 6.29% in September.
What time does the Colombian stock market open?
At 9:30 a.m. ET, the same time as the NYSE, from Nov. 1.
What is the official dollar to peso rate for Nov. 10, 2026?
The TRM is 3,269.88 pesos per dollar.
Affiliate disclosure: some links on this page are affiliate links. If you sign up or subscribe through them, Bolsa al Día may earn a commission at no extra cost to you. This never affects our analysis. Learn more.
Leave a Reply