Key facts · Ecopetrol (NYSE: EC) · as of Oct. 29, 2026
- Price: $17.28 (−2.3% on Oct. 29)
- 2026 so far: +72% · 52-week range: $9.10 – $18.38
- Market value: about $35 billion · P/E: about 10
- 2026 dividend: COP 121 per share ≈ $0.65 per ADR (about 3.8% at today’s price), paid once in April
- 1 ADR = 20 Colombian shares · Colombia withholds 20% on dividends to non-residents
- Next earnings: Q3 2026 results expected around Nov. 10, 2026
Sources: TradingView market data (delayed), Ecopetrol shareholders’ meeting of March 27, 2026 via Portafolio. Reference data, not investment advice.
Ecopetrol is Colombia’s state-controlled oil company and the country’s largest listed business. U.S. investors buy it through its American Depositary Receipt, ticker EC, on the New York Stock Exchange. In 2026 the stock has been one of the best performers among large Latin American companies, up about 72% this year. Here is what is behind the move, what the dividend really pays a U.S. holder, and the risks that matter.
Why EC stock is up so much in 2026
- Oil prices: Brent has traded above $100 a barrel in recent weeks, and every dollar of oil flows almost directly into Ecopetrol’s revenue.
- A strong peso: the ADR is priced in dollars. With the peso up sharply this year, the dollar value of Ecopetrol’s peso-denominated assets has risen too. Why the peso is so strong →
- A low starting valuation: EC began 2026 near $10, a single-digit earnings multiple for a company with large reserves and pipelines. Even after the rally, it trades at about 10 times earnings.
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Open TradingView → · Affiliate linkEC dividend 2026: what a U.S. investor actually receives
On March 27, 2026, shareholders approved a dividend of COP 121 per share, 43% less than the COP 214 paid in 2025, reflecting lower 2025 profits (payout of 55.1%). Minority shareholders were paid in a single installment by April 30, 2026.
| Item | Per ADR (20 shares) |
|---|---|
| Gross dividend in pesos | COP 2,420 |
| Approximate value in dollars | ≈ $0.65 |
| Colombian withholding (20%) | ≈ −$0.13 |
| Net before U.S. taxes | ≈ $0.52 |
| Yield at $17.28 (gross) | ≈ 3.8% |
Dollar amounts depend on the exchange rate on the payment date. Some data providers still show a yield near 9.7% because they include the larger 2025 dividend; the 2026 payout is lower. U.S. investors may be able to claim a foreign tax credit for Colombian tax withheld; check with a tax professional.
The risks that matter
- Oil: a drop in crude would hit earnings, the dividend and the peso at the same time.
- Government control: the Colombian state owns about 88% of Ecopetrol, so energy policy and fiscal needs shape strategy and dividends.
- Dividend volatility: the payout has fallen two years in a row; it is not a fixed-income substitute.
- Currency: if the peso weakens, the ADR can fall even when the local share is flat.
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Try Koyfin → · Affiliate linkHow to buy EC from the U.S.
EC trades like any U.S. stock: search the ticker in your brokerage account (including IRAs) and use a limit order, since the spread can widen around oil news. If you prefer a basket instead of a single company, the Global X MSCI Colombia ETF (COLO) holds Ecopetrol alongside banks and utilities. Daily coverage: Colombia stock market today.
Frequently asked questions
What is Ecopetrol’s ticker in the U.S.?
EC, on the New York Stock Exchange. Each ADR represents 20 ordinary shares traded in Colombia.
How much is the Ecopetrol dividend in 2026?
COP 121 per share, approved March 27, 2026. That is about $0.65 per ADR before Colombia’s 20% withholding, roughly a 3.8% gross yield at $17.28.
Why is Ecopetrol stock up in 2026?
Mainly high oil prices, a much stronger Colombian peso and a low starting valuation. EC is up about 72% year to date as of Oct. 29, 2026.
When does Ecopetrol report earnings?
Third-quarter 2026 results are expected around Nov. 10, 2026.
Is EC a buy?
We don’t give investment recommendations. EC combines oil, currency and political risk, so it can swing far more than a U.S. energy stock.
Information only, not investment, tax or legal advice. Market data delayed.
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