Equinor ASA EQNR
Oslo Børs · Energy · Oil & Gas Integrated
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Annual accounts for Equinor
| USD million | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 149,004 | 106,848 | 102,502 | 105,828 |
| EBITDA | 86,266 | 49,587 | 41,949 | 38,393 |
| Net income | 28,746 | 11,885 | 8,806 | 5,043 |
| Balance sheet | ||||
| Equity | 53,988 | 48,490 | 42,342 | 40,424 |
| Total debt | 32,167 | 31,795 | 30,095 | 31,220 |
| Cash | 9,438 | 8,070 | 5,903 | 5,036 |
| Net debt | 22,729 | 23,725 | 24,192 | 26,184 |
| Ratios and per share | ||||
| EBITDA margin | 57.9% | 46.4% | 40.9% | 36.3% |
| Profit margin | 19.3% | 11.1% | 8.6% | 4.8% |
| Return on equity | 53.2% | 24.5% | 20.8% | 12.5% |
| Earnings/share (USD) | 9.21 | 4.04 | 3.23 | 2.02 |
| Book value/share (USD) | 17.29 | 16.47 | 15.52 | 16.17 |
| Shares outstanding (M) | 3,122 | 2,945 | 2,728 | 2,500 |
From the annual statements (Yahoo Finance), in the currency the company reports in. Per-share figures use the shares at the year end. Charts and annual figures →
Quarterly figures from the reports
BetaFrom the company's own reports: 13 reports read by AI, every figure checked against the report's page and arithmetic.
Source: the Q3 2026 report, page 20, published 2026-10-28.
| Quarter | Revenue | Operating profit | Profit | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 2026 | 32,936 | 11,955 | 2,535 | 1.07 | … | Q3 2026, p. 20 |
| Q2 2026 | 35,177 | 12,993 | 4,848 | 1.99 | … | Second quarter 2026, p. 19 |
| Q1 2026 | 27,843 | – | 3,105 | 1.24 | … | Q1 2026, p. 19 |
| Q4 2025 | 25,346 | – | 1,314 | 0.52 | … | Fourth quarter 2025, p. 22 |
| Q3 2025 | 26,049 | 5,270 | −210 | −0.08 | … | Q3 2025, p. 20 |
| Q2 2025 | 25,145 | 5,721 | 1,313 | 0.50 | … | Q2 2025, p. 8 |
| Q1 2025 | 29,920 | 8,874 | 2,630 | 0.97 | … | Q1 2025, p. 8 |
| Q4 2024 | 27,654 | 8,735 | 1,996 | 0.73 | … | fourth quarter 2024, p. 21 |
| Q3 2024 | 25,446 | 6,905 | 2,282 | 0.83 | … | Q3 2024, p. 18 |
| Q2 2024 | 25,538 | 7,656 | 1,872 | 0.65 | … | Second quarter 2024, p. 18 |
| Q1 2024 | 25,135 | 7,631 | 2,668 | 0.91 | … | Q1 2024, p. 18 |
| Q4 2023 | 29,054 | 8,748 | 2,603 | 0.88 | … | Q4 2023, p. 20 |
Amounts in USD million, EPS in USD. Each quarter as first reported, as a backtest would have seen it. Adjusted EPS (without one-off items) is shown once the one-off items have been checked against the companies' own adjusted figures.
One-off items in the reports
- 2026-09-30 Impairment reversal related to an offshore asset in Norway: +165.0 USD million (Q3 2026, p. 9)
- 2026-09-30 Increase in a provision in E&P International: −120.0 USD million (Q3 2026, p. 9)
- 2026-09-30 Impairments related to an offshore cross-border asset in Norway and the UK: −628.0 USD million (Q3 2026, p. 9)
- 2026-06-30 Impairment related to an onshore asset in Norway: −128.0 USD million (Q3 2026, p. 9)
- 2026-06-30 impairment related to an onshore asset in Norway: +0.0 USD million (Second quarter 2026, p. 9)
- 2026-06-30 gain on the sale of Argentina onshore assets: +467.0 USD million (Second quarter 2026, p. 9)
- 2026-03-31 negative derivative effects: −185.0 USD million (Q1 2026, p. 38)
- 2025-12-31 net impairments of USD 626 million in REN, E&P International and E&P Norway: +626.0 USD million (Fourth quarter 2025, p. 5)
Found by AI and still being validated: hover for the report's own words.
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Extracted by an AI model from the reports and can be wrong. Not investment advice.
Key figures
| P/E | 20.7 |
| P/B | 2.6 |
| EV / EBITDA | 3.4 |
| Net debt / EBITDA | 0.7 |
| Return on equity | 12.5% |
| Profit margin | 4.8% |
| Beta 1Y | 2.24 |
| Revenue growth 1Y | +3.2% |
| Revenue CAGR 3Y | −10.8% |
| Earnings/share CAGR 3Y | −39.7% |
| ROE avg. 3Y | 19.3% |
Ratios use the latest annual report that was public 90 days after the year end.
Dividends per share (NOK)
| 2026 | 10.82 |
| 2025 | 19.16 |
| 2024 | 32.16 |
| 2023 | 35.50 |
| 2022 | 16.54 |
| 2021 | 1.71 |
Not investment advice. Figures may contain errors from the data source.