The earnings call highlighted strong operational and financial performance, particularly with rapid production increases and strategic contracts. However, challenges such as impairments in offshore wind projects and cost inflation create some concerns.

Company Guidance

During Equinor's second-quarter analyst call for fiscal year 2025, the company provided guidance emphasizing solid financial performance driven by strong operational results and strategic developments. Equinor reported an adjusted operating income of $6.5 billion before tax and an IFRS net income of $1.3 billion, which was affected by an impairment on U.S. offshore wind projects. The cash flow from operations after tax was strong at $9.3 billion year-to-date, with an adjusted earnings per share of $0.64. The company maintained its CapEx guidance and highlighted strategic progress, including reaching 220,000 barrels per day at the Johan Castberg field, taking final investment decisions on Johan Sverdrup Phase 3 and Fram South, and securing long-term gas contracts with the UK and Germany. The company also announced a divestment of the Peregrino field for $3.5 billion and highlighted a 50% increase in U.S. onshore gas production. In the renewables sector, Equinor secured EUR 6 billion in project financing for Baltic 2 and 3 offshore wind farms and lifted the stop work order on Empire Wind 1, despite a $955 million impairment related to regulatory changes. The Board approved a cash dividend of $0.37 per share and announced a third tranche of share buybacks totaling $1.265 billion, aiming for around $9 billion in capital distribution for the year. Safety remained a priority, with a serious incident frequency of 0.27 and a personal injury rate of 2.2. Overall, the guidance reflects Equinor's focus on maintaining resilience and cost discipline amid market volatility.

Rapid Ramp-Up at Johan Castberg

Johan Castberg achieved plateau production of 220,000 barrels per day in less than 3 months, with a premium of $6 per barrel compared to Brent.

Strong Financial Results

Reported adjusted operating income of $6.5 billion before tax and year-to-date cash flow from operations of $9.3 billion after tax.

Increased U.S. Onshore Gas Production

U.S. onshore gas production increased by 50%, capitalizing on transactions from the previous year.

Renewable Energy Advancements

Secured a project financing package of EUR 6 billion for the Baltic 2 and 3 wind farms in Poland, supporting double-digit equity returns.

Improved Safety Metrics

Achieved best safety results with a serious incident frequency of 0.27 and a personal injury rate of 2.2.

Gas Supply Contracts

Signed long-term gas supply contracts with the U.K. and Germany, covering 20% of NCS gas and 6% of EU imports.

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)	0.68 / -	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	$25.31	$25.66	+1.38%
Apr 30, 2025	$22.56	$21.79	-3.41%
Feb 05, 2025	$23.62	$22.35	-5.38%
Oct 24, 2024	$22.52	$23.33	+3.60%

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 Oct 29, 2025, Before Open (Confirmed).

What is Equinor ASA (EQNR) earnings time?

Equinor ASA (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 0.68.

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