Education
About Us
Working with TipRanks
Follow Us
Equinor ASA (EQNR)
NYSE:EQNR
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
0.66Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, record production, robust cash generation ($18bn CFFO) and attractive returns (ROACE 14.5%), together with decisive cost and capital allocation actions (CapEx reduced ~$4bn, target unit cost $6/boe) and continued shareholder distributions (dividend +>5%, $1.5bn buyback). Key challenges include a fatal safety incident, legal/tariff uncertainty and political risk on Empire Wind, short‑term cash flow pressure from the Norwegian tax lag, impairments/losses, and a deliberate scaling back of near‑term renewables/low‑carbon investments. Overall, the positives around cash generation, production growth, portfolio high‑grading and clear capital discipline outweigh the listed challenges, though execution and legal risks (notably Empire Wind) and safety remain important near‑term focuses.Company Guidance
Record Production
Equinor delivered record full-year oil and gas production of 2,137,000 barrels per day, up 3.4% year-over-year; fourth-quarter production rose ~6% quarter-over-quarter.
Strong Cash Flow and Returns
Cash flow from operations after tax was $18 billion for 2025; return on average capital employed was 14.5%; earnings per share was $0.81.
Shareholder Distributions and Buybacks
Delivered $9 billion in capital distributions last year; quarterly cash dividend increased >5% to $0.39 per share with an ambition to grow $0.02 p.a.; announced a $1.5 billion share buyback program for 2026 (first tranche $375 million).
Portfolio Progress and Project Starts
Brought Johan Castberg and Bacalhau on stream and opened a new Barents Sea region; 14 commercial discoveries on the Norwegian continental shelf in 2025 (adding ~125 million barrels in new resources); three-year average reserve replacement ratio of 100%.
Empire Wind Execution Progress
Empire Wind now >60% complete with all monopiles, the offshore substation and almost 300 km of subsea cables installed; total project CapEx expected ~ $7.5 billion with ~$3 billion remaining; project financing drawn $2.7 billion to date with ~$400 million remaining; project qualifies for investment tax credits (ITC) with expected cash effect ~ $2.5 billion (~$2.0 billion monetized in 2027 guidance).
Operational and Cost Discipline Targets
Reduced 2026–2027 CapEx outlook by ~$4 billion (mainly power & low carbon), guiding 2026 organic CapEx at ~$13 billion and 2027 at ~$9 billion; target to reduce unit production cost by ~10% to $6 per barrel and aim for 10% OpEx & SG&A reduction in 2026.
Renewables and Power Generation Growth
Renewables power generation was 5.65 TWh in the period, up 25% year-over-year; focus on delivering sanctioned offshore wind projects and building an integrated power business.
U.S. Gas Performance and Market Position
U.S. onshore gas production rose ~45%, contributing ~ $1 billion in cash flow from those assets in 2025; low unit production cost for U.S. gas at around $1/boe and strong marketing/trading access to premium Northeast markets.
EQNR Earnings History
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 |
|---|---|---|---|
Feb 04, 2026 | $26.08 | $26.53 | +1.71% |
Oct 29, 2025 | $23.59 | $23.67 | +0.33% |
Jul 23, 2025 | $24.79 | $25.13 | +1.37% |
Apr 30, 2025 | $22.09 | $21.33 | -3.42% |
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 ASA (EQNR) report earnings?
Equinor ASA (EQNR) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Equinor ASA (EQNR) earnings time?
Equinor ASA (EQNR) earnings time is at May 06, 2026, 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 2026 (Q1) is 0.63.