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EQNR

Equinor·NYSE
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EQNR fundamentals

Equinor (EQNR) released its earnings on Feb 4, 2026: revenue was 25.30B (YoY -8.25%), beat estimates; EPS was 0.81 (YoY +28.57%), beat estimates.
Revenue / YoY
25.30B
-8.25%
EPS / YoY
0.81
+28.57%
Report date
Feb 4, 2026
EQNR Earnings Call Summary for Q4,2025
  • Record Production Growth: 2025 production at 2.137 million bpd, up 3.4% YoY. 2026 growth of 3% driven by new fields and U.S. gas expansion.
  • CapEx Reductions: $4 billion cut over 2026-2027, focusing on renewables and low-carbon solutions due to slower market development.
  • Empire Wind Financial Impact: $7.5 billion total CapEx, with $2.5 billion in tax credits. 2027 cash flow boosted by $2 billion from tax credits.
  • Dividend Growth: Quarterly dividend increased by $0.02 per share annually, with 2026 dividend at $0.39 per share. Share buyback program of $1.5 billion announced.
  • Cost Efficiency: 10% OpEx reduction target for 2026, supported by AI and portfolio high-grading.
  • Political Risks: Empire Wind legal challenges highlight above-ground risks, but project execution remains on track.
  • U.S. Gas Growth: 2025 U.S. gas production up 45%, with cash flow of $1 billion. 2026 growth driven by Northeast demand and trading optimization.
EPS
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Q4,undefined
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Q4,undefined
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.170.20.08-0.170.81910.480.831.351.592.112.131.84621.130.740.91710.63460.960.840.790.630.660.640.370.81
Forecast
0.2071-0.0090.10610.15710.71840.520.75061.06831.44981.62912.05621.27070.97310.74720.75470.85040.71510.73610.73950.73760.83350.65430.60260.608
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-17.91%
+2322.22%
-24.60%
-208.21%
+14.02%
-7.69%
+10.58%
+26.37%
+9.67%
+29.52%
+3.59%
+45.29%
+16.12%
-0.96%
+21.52%
-25.38%
+34.25%
+14.11%
+6.83%
-14.59%
-20.82%
-2.19%
-38.60%
+33.22%
Revenue
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Q4,undefined
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------14.97B8.04B11.25B11.84B17.55B17.46B23.26B32.61B36.39B36.31B43.63B34.00B29.11B22.87B25.73B28.48B25.10B25.54B25.45B27.57B29.92B25.11B26.06B25.30B
Forecast
--------------------12.73B9.02B11.14B12.74B16.57B17.93B22.28B35.84B33.86B35.16B43.07B36.54B27.92B23.88B24.01B27.51B26.53B24.59B24.40B25.80B26.56B24.11B23.42B22.06B
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+17.63%
-10.86%
+1.02%
-7.08%
+5.91%
-2.64%
+4.43%
-9.03%
+7.49%
+3.27%
+1.31%
-6.95%
+4.28%
-4.21%
+7.18%
+3.53%
-5.38%
+3.86%
+4.27%
+6.85%
+12.66%
+4.16%
+11.26%
+14.67%

Earnings Call