The earnings call revealed strong financial results driven by gas production and a robust financial position, but was overshadowed by the uncertainty surrounding the Empire Wind project halt and some operational cost increases.

Company Guidance -

Q3 2025

During the Equinor Analyst Call for the first quarter of fiscal year 2025, Torgrim Reitan, the CFO, provided insights into the company's financial performance and strategic developments. Equinor reported an adjusted operating income of $8.6 billion before tax and a net income of $2.6 billion. The company's cash flow from operations after tax stood at $7.4 billion, with an adjusted earnings per share of $0.66 and net income-based earnings per share of $0.97. Equinor's strong cash position was highlighted, with around $25 billion in cash and cash equivalents, and a net debt ratio of below 7%. Additionally, the company maintained its guidance for a $9 billion capital distribution for the year, including a dividend of 37 cents per share and a share buyback program. The call also addressed the challenges faced by the Empire Wind project, with a current book value of $2.5 billion, emphasizing the project's importance to Equinor and its commitment to engaging with the U.S. administration to resolve the situation. Safety remained a priority, with an incident frequency of 0.28 and a total recordable injury frequency of 2.2 per million hours worked. Gas production was strong, especially in Norway and the U.S., capturing higher prices, while the company's realized U.S. gas price was $4.06, a notable increase from the previous year. The impact of global economic uncertainties, including increased tariffs and potential trade wars, was also noted as creating volatility in the market.

Strong Gas Production and Financial Performance

Gas production was particularly strong in Norway and the US, capturing higher prices. Adjusted operating income was reported at $8.6 billion before tax, with a strong cash flow from operations after tax at $7.4 billion.

Solid Financial Position and Capital Distribution

Equinor maintains a strong cash position of around $25 billion and a net debt ratio below 7%. The board approved an ordinary cash dividend of 37 cents per share and a second tranche of share buyback of up to $1.26 billion, totaling an expected $9 billion in capital distribution for the year.

Record Low Incident Frequency

The incident frequency reached a record low of 0.28, and the total recordable injury frequency was 2.2 per million hours worked over the last 12 months.

Positive Impact of U.S. Gas Market Strategy

Realized U.S. gas price was $4.06, a 74% increase from the same quarter last year, driven by strategic marketing and trading practices.

Equinor ASA (EQNR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

EQNR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.70 / -	0.79	―	―	―
Jul 23, 2025	2025 (Q2)	0.65 / 0.64	0.84	-23.81% (-0.20)
Apr 30, 2025	2025 (Q1)	0.83 / 0.66	0.96	-31.25% (-0.30)
Feb 05, 2025	2024 (Q4)	0.74 / 0.63	0.635	-0.79% (>-0.01)
Oct 24, 2024	2024 (Q3)	0.74 / 0.79	0.917	-13.85% (-0.13)
Jul 24, 2024	2024 (Q2)	0.74 / 0.84	0.74	13.51% (+0.10)	―
Apr 25, 2024	2024 (Q1)	0.71 / 0.96	1.13	-15.04% (-0.17)
Feb 07, 2024	2023 (Q4)	0.85 / 0.64	1.846	-65.60% (-1.21)
Oct 27, 2023	2023 (Q3)	0.76 / 0.92	2.13	-56.95% (-1.21)
Jul 26, 2023	2023 (Q2)	0.75 / 0.74	2.11	-64.93% (-1.37)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EQNR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$25.60	$25.95	+1.37%
Apr 30, 2025	$22.81	$22.03	-3.42%
Feb 05, 2025	$23.88	$22.60	-5.36%
Oct 24, 2024	$22.77	$23.60	+3.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Equinor (EQNR) report earnings?

Equinor (EQNR) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Equinor (EQNR) earnings time?

Equinor (EQNR) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EQNR EPS forecast?

EQNR EPS forecast for the fiscal quarter 2025 (Q3) is 0.7.

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