Guidance And RealizationsGuidance included weaker MMP and realizations, though this is partially offset by higher-than-modeled Norway gas based on government data.
Price Target ReductionMaintain Hold, reduce PT to $26/sh based on reduced near-term earnings on lower commodity prices and adjusted financial costs.
Renewable Power GenerationEQNR reduced its renewable power gen forecast from 100% increase y/y to 70% due to Dogger A installation delays driven by weather.