Equinor Set to Announce Q4 Earnings Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy EQNR?
Source: seekingalpha
- Earnings Announcement Date: Equinor is set to announce its Q4 2023 earnings on February 4 before market open, with a consensus EPS estimate of $0.67, reflecting a 6.3% year-over-year increase, indicating stability in profitability.
- Revenue Decline Expected: The anticipated revenue for Q4 is $21.31 billion, representing a 22.9% year-over-year decline, which highlights potential pressures from global energy market fluctuations that investors should monitor for future recovery.
- Historical Performance: Over the past two years, Equinor has exceeded EPS estimates 88% of the time and revenue estimates 75% of the time, showcasing the company's reliability and management effectiveness in financial performance.
- Asset Sale Transaction: Equinor plans to sell its onshore Argentina Vaca Muerta assets to Vista Energy for $1.1 billion, a move that not only optimizes its asset portfolio but also potentially provides additional capital to support future investments and growth.
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Analyst Views on EQNR
Wall Street analysts forecast EQNR stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 27.610
Low
22.00
Averages
23.89
High
25.79
Current: 27.610
Low
22.00
Averages
23.89
High
25.79
About EQNR
Equinor ASA, formerly Statoil ASA is a Norway-based international energy company. The Company’s purpose is to turn natural resources into energy. Equinor sells crude oil and delivers natural gas to the European market. It is also engaged in processing, refining, offshore wind and carbon capture and storage activities. Equinor ASA has five reporting segments: Exploration & Production Norway (E&P Norway), Exploration & Production International (E&P International), Exploration & Production USA (E&P USA), Marketing, Midstream & Processing (MMP) and Renewables (REN). The Company has several subsidiaries such as Equinor Nigeria Energy Company Ltd, Equinor Wind Power AS, Equinor International Netherlands BV and Equinor Brasil Energia Ltda.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Quantity and Pricing: Under the authorization from the annual general meeting on May 14, 2025, a maximum of 14.4 million shares can be repurchased, with a price range between NOK 50 and NOK 1,000 per share, reflecting the company's commitment to shareholder returns.
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- Compliance and Transparency: This buyback program complies with the Norwegian Securities Trading Act and EU Market Abuse Regulation, ensuring the company's adherence to legal requirements and enhancing investor confidence through transparency.
See More
Seeking Dividends? Explore Opportunities in Europe.
U.S. Dividend Seekers: Investors in the U.S. are encouraged to explore European markets for potential dividend opportunities.
European Market Appeal: European companies are offering attractive dividend yields, which may be appealing compared to U.S. counterparts.
Economic Factors: Factors such as currency fluctuations and economic recovery in Europe are influencing the attractiveness of these investments.
Investment Strategy: Diversifying into European dividends could enhance returns for U.S. investors seeking income.
See More
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- National Security Concerns: U.S. Secretary of the Interior Doug Burgum stated that the Trump administration's crackdown on the offshore wind industry is not an ideological attack but a genuine concern regarding national security risks, claiming that offshore wind farms could interfere with radar systems, making the U.S. more vulnerable to drone attacks.
- Court Rulings Overturned: U.S. judges have overturned five orders from President Trump aimed at halting multi-billion-dollar offshore wind projects, with the most recent ruling involving a project off Long Island developed by Ørsted, indicating judicial support for wind energy initiatives.
- Project Resumption Progress: The same D.C.-based district judge previously allowed Ørsted to resume work on its Revolution Wind project off Rhode Island, reflecting a supportive judicial stance that may bolster investment confidence in offshore wind projects.
- Optimistic Industry Outlook: Other projects by Dominion Energy, Equinor, and Iberdrola have also prevailed in court, demonstrating the resilience of the offshore wind industry in the face of regulatory pressures, suggesting a positive outlook for future developments in this sector.
See More
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- International Production Target: Equinor aims to increase its overseas oil production to over 900K barrels/day by 2030, up from approximately 730K barrels/day in 2025, reflecting the company's commitment to expanding its international footprint.
- Project-Driven Growth: The Bacalhau and Raia projects are expected to drive this growth, with Bacalhau projected to ramp up to 220K barrels/day in H2 2026 and Raia set to commence production in 2028, enhancing the company's capacity.
- New Project Development: Equinor is weeks away from approval for the Bay du Nord project, one of Canada's largest planned oil projects, initially targeting over 400 million barrels of oil, showcasing the company's investment potential in emerging markets.
- Asset Optimization Strategy: Despite divesting mature assets, Equinor still anticipates growth, indicating an effective strategy in optimizing its asset portfolio and focusing on high-potential projects to ensure sustainable future development.
See More
Equinor ASA Reports Strong Q4 2025 Earnings Amid Market Uncertainty
- Strong Financial Performance: Equinor reported earnings per share of $0.81 for 2025, with operational cash flow reaching $18 billion, demonstrating the company's robust financial performance amidst market uncertainty, reflecting its competitive edge in oil and gas production.
- CapEx Adjustment: Management has reduced the capital expenditure outlook by $4 billion for 2026-2027, primarily focused on renewables and low-carbon projects, aiming to address market volatility and optimize capital allocation to ensure maximization of long-term shareholder value.
- Project Progress: The Empire Wind project is over 60% complete, with total CapEx expected at $7.5 billion; despite facing legal and regulatory challenges, the project is anticipated to qualify for $2.5 billion in tax credits, enhancing the company's financial flexibility.
- Shareholder Return Plans: The company aims to increase its quarterly cash dividend by $0.02 per share annually and announced a $1.5 billion share buyback program for 2026, indicating management's confidence in future cash flows and profitability, aimed at enhancing shareholder returns and boosting market confidence.
See More
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- Production Decline Forecast: Equinor anticipates a minimum 10% decline in oil production at its Johan Sverdrup field by 2026, where exports averaged 712K bbl/day last year, indicating potential revenue impacts for the company.
- Cost Control Initiatives: The company plans to cut operating costs by 10% by 2026 and reduce its organic capital expenditure guidance by $4 billion through 2027, addressing challenges posed by insufficient industry investment.
- Adjusted Share Buyback Plan: Equinor announced a share buyback of up to $1.5 billion this year, significantly down from $5 billion in 2025, reflecting a cautious approach to capital allocation in line with J.P. Morgan analysts' expectations.
- Quarterly Earnings Performance: Despite a 22% year-over-year decline in adjusted operating income to $6.2 billion in Q4, which exceeded analysts' expectations of $5.93 billion, net profit fell to $1.31 billion from $2 billion a year earlier, demonstrating the company's resilience amid challenges.
See More
