The earnings call presented a mix of positive operational achievements, such as the launch of the Bacalhau project and production increases, balanced by financial challenges including negative net income and significant impairments. The company demonstrated strong cost management and maintained a robust capital distribution strategy, but faced setbacks in safety and unforeseen project risks.
Company Guidance
In the Equinor Q3 analyst call, CFO Torgrim Reitan highlighted several key metrics and strategic actions. The company reported a 7% increase in production compared to the same quarter last year, producing 2,130,000 barrels per day, with significant contributions from the Johan Sverdrup and Johan Castberg fields. Adjusted operating income stood at $6.2 billion before tax, while net income was negative $0.2 billion due to net impairments linked to a lower long-term oil price outlook. Year-to-date cash flow from operations after tax was robust at $14.7 billion, and operating costs for the Renewables business decreased by around 50% from the previous year. The company maintained its guidance for 4% production growth and stable costs, reflecting strong operational performance and a disciplined approach to capital management. The Board declared an ordinary cash dividend of $0.37 per share, with a total capital distribution for the year estimated at around $9 billion. Additionally, the net debt-to-capital employed ratio decreased to 12.2%, with expectations to remain at the lower end of the 15% to 30% guided range by year-end.
Bacalhau Project Launch
Bacalhau, the first presalt project in Brazil by an international operator, started production in October with a capacity of 220,000 barrels per day. This marks a significant step in international growth.
Production Increase
Overall production increased by 7% from the third quarter of the previous year, with notable growth in NCS production at 9%.
Cost Management Success
Operating costs for the Renewables business decreased by around 50% compared to the previous year, with expectations for a 30% decrease annually.
Capital Distribution
Total capital distribution for the year is expected to be around $9 billion, including a cash dividend and a share buyback program.
Empire Wind Project Progress
The Empire Wind project in New York is progressing well with all 54 monopiles installed.
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
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
Oct 29, 2025
$23.82
$23.90
+0.34%
Jul 23, 2025
$25.03
$25.37
+1.36%
Apr 30, 2025
$22.31
$21.54
-3.45%
Feb 05, 2025
$23.35
$22.10
-5.35%
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 Feb 04, 2026, Before Open (Confirmed).
What is Equinor (EQNR) earnings time?
Equinor (EQNR) earnings time is at Feb 04, 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.