Promigas SA ESP
BBVC:PROMIGAS6,150.00
COP
-50.00
(-0.81%)
ISIN
COI04PA00021
Return %
Stock
S&P 500
1Y
-6.53
14.20
3Y
46.43
81.12
5Y
-14.58
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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COP
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in mil. unless spec.Company Description
- CEO
- Juan Manuel Rojas Payán
- Full Time Employees
- 10,661
- Sector
- Utilities
- Industry
- Gas distributors
- Address
- Barranquilla Colombia
- IPO Date
- Sep 30, 1983
- Website
- promigas.com
- Similar Companies
- Business
- Promigas S.A. E.S.P. is a multi-energy utility and infrastructure holding company engaged in the transportation and distribution of natural gas, liquefied natural gas (LNG) regasification, electric power distribution, and integrated industrial energy solutions across Latin America. Founded in 1974 and headquartered in Barranquilla, Colombia, the company operates as a key enterprise within the energy and gas investment portfolio of Corporación Financiera Colombiana S.A. (Corficolombiana), a subsidiary of Grupo Aval Acciones y Valores S.A. The company's core operations and service offerings comprise: natural gas transportation through extensive high-pressure trunk pipeline networks, compressor stations, and bidirectional interconnection systems across Colombia; natural gas distribution and retail commercialization for residential, commercial, industrial, and vehicular natural gas (VNG) markets through subsidiaries and affiliates including Surtigas S.A. E.S.P. and Gases del Caribe S.A. E.S.P. in Colombia, as well as Quavii (Gases del Pacífico S.A.C. and Gases del Norte del Perú S.A.C.) and Cálidda (Gas Natural de Lima y Callao S.A.C.) in Peru; marine liquefied natural gas reception, storage, and regasification services operated via Sociedad Portuaria El Cayao (SPEC LNG), the primary regasification terminal in Colombia; electric power distribution and commercialization conducted through Compañía Energética de Occidente (CEO) in southwestern Colombia; integrated industrial energy solutions and engineering services delivered via Promisol S.A.S., encompassing natural gas compression, dehydration, pipeline engineering, procurement, and construction (EPC), distributed self-generation, and industrial co-generation; on-site and utility-scale photovoltaic solar energy systems; and inclusive non-banking financing solutions under the Brilla brand, offering credit facilities directly through utility billing to finance home improvements, appliances, and educational expenses. In recent corporate developments, Promigas completed a major strategic expansion into utility-scale clean energy by acquiring the Latin American renewables platform of Zelestra for approximately USD 1.1 billion, adding a portfolio of approximately 3,500 MW in solar photovoltaic generation and battery energy storage assets across Colombia, Peru, and Chile. This transaction forms a cornerstone of the company's Our Energy 2040 strategic roadmap, designed to expand non-regulated business lines, diversify its geographic footprint, and accelerate energy transition investments. Furthermore, Promigas has advanced capacity expansion initiatives at its SPEC LNG terminal to secure thermal power fuel supply and system reliability, while progressing operational trials in green hydrogen generation and biomethane grid injection across its transmission and distribution networks.