FMP

FMP

Equinor ASA (NYSE: EQNR) Faces Challenges but Exceeds Revenue Expectations

  • Equinor's EPS of $0.37 missed the estimated $0.57 due to a decline in oil and gas prices.
  • The company's revenue reached $26.06 billion, surpassing the anticipated $23.37 billion.
  • Despite a challenging price environment, Equinor achieved a 7% production growth and maintained a robust balance sheet.

Equinor ASA (NYSE: EQNR) is a prominent player in the energy sector, primarily engaged in oil and gas exploration and production. The company operates globally, with significant activities in Norway and Brazil. Equinor competes with other energy giants like ExxonMobil and Shell. Despite facing challenges in the market, Equinor remains focused on growth and strategic investments.

On October 29, 2025, Equinor reported earnings per share (EPS) of $0.37, missing the estimated $0.57. This shortfall is partly due to a 9.9% decline in third-quarter profits, as highlighted by the drop in oil and gas prices. Despite this, Equinor's revenue exceeded expectations, reaching $26.06 billion against the anticipated $23.37 billion.

Equinor's financial results for the third quarter of 2025 show an adjusted operating income of $6.21 billion and $1.51 billion after tax. The company recorded a net operating income of $5.27 billion but faced a net loss of $200 million. Adjusted net income stood at $930 million, resulting in adjusted EPS of $0.37, aligning with the reported figure.

The company announced a cash dividend of $0.37 per share for the third quarter of 2025. Important dates for shareholders include the ex-dividend date on February 16, 2026, on the Oslo Børs and February 17, 2026, on the NYSE. The payment will be made on February 27, 2026, as per the Euronext Oslo Børs Continuing Obligations and the Norwegian Securities Trading Act.

Equinor achieved a 7% production growth, driven by strong performances from the Johan Sverdrup and Johan Castberg fields. Despite a challenging price environment, the company maintained a robust balance sheet and focused on cost management, achieving a 50% cost reduction in its renewables sector. However, net impairments due to a lower price outlook affected the reported results.