Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Equinor ASA (EQNR)
NYSE:EQNR
Holding EQNR?
Track your performance easily
Earnings Data
Report Date
Feb 05, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.82Last Year’s EPS
$0.64Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -3.51%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
Equinor reported strong financial results, record production from key assets, and strategic investments in renewables. However, the company faces challenges in the offshore wind sector, operational incidents, and potential tax and legal uncertainties in the UK. While the highlights demonstrate solid performance and strategic growth, the lowlights suggest ongoing challenges and risks.Company Guidance
During the Equinor earnings call for Q3 2024, CFO Torgrim Reitan provided extensive guidance, highlighting several key metrics. The company delivered an adjusted operating income of $6.9 billion before tax and an IFRS net income of $2.3 billion. Year-to-date, cash flow from operations post-tax stood at $14 billion. Equinor reported robust production figures, with a notable all-time high gas production from Troll and a record of over 756,000 barrels of oil produced on a single day at Johan Sverdrup, which has generated over $80 billion in total revenue. The company adjusted its 2024 capital expenditure guidance to $12-13 billion, down from $13 billion, due to project phasing and currency effects. Additionally, Equinor completed the Northern Lights facility on time and on budget, ready to receive CO2, and acquired a 9.8% stake in Orsted, reflecting a strategic countercyclical investment in the offshore wind sector. The board approved a total capital distribution of $14 billion for the year, including an ordinary and extraordinary cash dividend of $0.35 per share each, along with a $1.6 billion tranche of share buybacks.Record Production and Revenue from Johan Sverdrup
Johan Sverdrup has produced over 1 billion barrels since production began 5 years ago. Total revenue from the asset has exceeded $80 billion, with a new record of over 756,000 barrels of oil produced on September 21st.
Strong Financial Performance
Equinor delivered an adjusted operating income of $6.9 billion and an IFRS net income of $2.3 billion for the quarter. The company is on track to meet its $14 billion capital distribution target for the year.
Increased Gas Production
Gas production on the Norwegian Continental Shelf (NCS) increased by 8%, driven by high production from the Troll field and contributions from Aasta Hansteen and Oseberg.
Acquisition in Renewables
Equinor acquired a 9.8% stake in Orsted, viewing it as a countercyclical investment in offshore wind, with the potential to enhance its renewable portfolio.
---
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 |
|---|---|---|---|
| Oct 24, 2024 | $23.62 | $24.48 | +3.64% |
| Jul 24, 2024 | $25.01 | $24.89 | -0.48% |
| Apr 25, 2024 | $25.36 | $26.06 | +2.76% |
| Feb 07, 2024 | $26.51 | $24.61 | -7.17% |
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 Feb 05, 2025, Before Open Not Confirmed.
What is Equinor ASA (EQNR) earnings time?
Equinor ASA (EQNR) earnings time is at Feb 05, 2025, Before Open Not 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 2024 (Q4) is $0.82.
---