Equinor Announces Proposed Cash Dividend for Q4 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Should l Buy EQNR?
Source: Newsfilter
- Cash Dividend Amount: Equinor proposes a cash dividend of $0.39 per share for Q4 2025, reflecting the company's confidence in future profitability and providing stable returns to shareholders.
- Key Dates: The last day to include rights is May 12, 2026, with ex-dates set for May 13 on Oslo Børs and May 15 on the New York Stock Exchange, ensuring investors are well-informed about the dividend schedule.
- Record and Payment Dates: The record date is set for May 15, 2026, with payment scheduled for May 27, 2026, ensuring shareholders receive dividends in a timely manner, thereby enhancing investor confidence.
- Shareholder Approval: The proposed cash dividend is subject to approval at the annual general meeting on May 12, 2026, reflecting the company's commitment to governance transparency and prioritizing shareholder interests.
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Analyst Views on EQNR
Wall Street analysts forecast EQNR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQNR is 23.89 USD with a low forecast of 22.00 USD and a high forecast of 25.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 25.950
Low
22.00
Averages
23.89
High
25.79
Current: 25.950
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.
- 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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- Dividend Increase: Equinor has declared a quarterly dividend of $0.39 per share, representing a 5.4% increase from the previous $0.37, indicating ongoing improvements in profitability and cash flow, which is likely to attract more investor interest.
- Yield Metrics: The forward yield of 5.92% not only provides shareholders with a stable return but may also enhance market demand for Equinor's stock, potentially boosting its market performance.
- Share Buyback Program: Equinor will initiate a share buyback program on February 5, 2026, with an initial purchase of up to $375 million aimed at reducing the company's issued share capital, which is expected to positively impact shareholder value by enhancing earnings per share.
- Buyback Details: The first tranche will involve buying back shares worth up to $123.75 million, set to be completed by March 30, 2026, reflecting the company's confidence in future market conditions and its commitment to creating long-term value for shareholders.
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- Buyback Program Scale: Equinor has announced a total share buyback program of up to $1.5 billion for 2026, with the first tranche commencing on February 5, 2026, aiming to purchase up to $123.75 million in shares, reflecting the company's confidence in future market performance.
- Share Buyback Details: The first tranche is set to conclude by March 30, 2026, with all purchased shares expected to be canceled, thereby reducing the company's issued share capital, enhancing earnings per share, and increasing shareholder value.
- Agreement with Norwegian State: Under the agreement with the Norwegian State, the State will vote in favor of canceling the repurchased shares at the 2026 annual general meeting to maintain its 67% ownership stake, ensuring the State's shareholder rights within the company.
- Market Compliance: The buyback will occur on the Oslo Stock Exchange and potentially other trading venues within the EEA, with all transactions adhering to applicable safe harbor conditions to ensure compliance and mitigate market manipulation risks.
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- Strong Financial Performance: Equinor reported an adjusted operating income of $6.20 billion and a net income of $1.31 billion for Q4 2025, demonstrating resilience despite lower liquid prices, as higher production and elevated gas prices in the US partially offset the impact.
- Significant Production Growth: The total equity production reached 2,198 mboe per day in Q4, a 6% increase year-over-year, with full-year production hitting a record high of 2,137 mboe per day, indicating successful investments and developments in the Norwegian Continental Shelf and international oil and gas sectors.
- Capital Allocation Strategy: The company proposed an increase in the fourth-quarter cash dividend to $0.39 per share and announced a share buyback of up to $1.5 billion for 2026, reflecting strong cash flow and a commitment to shareholder returns.
- Optimistic Future Outlook: Equinor expects around 3% growth in oil and gas production for 2026 and plans to drill 30 exploration wells in Norway, Brazil, and Angola, highlighting its expansion in global markets and focus on sustainable development.
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- Cash Dividend Amount: Equinor proposes a cash dividend of $0.39 per share for Q4 2025, reflecting the company's confidence in future profitability and providing stable returns to shareholders.
- Key Dates: The last day to include rights is May 12, 2026, with ex-dates set for May 13 on Oslo Børs and May 15 on the New York Stock Exchange, ensuring investors are well-informed about the dividend schedule.
- Record and Payment Dates: The record date is set for May 15, 2026, with payment scheduled for May 27, 2026, ensuring shareholders receive dividends in a timely manner, thereby enhancing investor confidence.
- Shareholder Approval: The proposed cash dividend is subject to approval at the annual general meeting on May 12, 2026, reflecting the company's commitment to governance transparency and prioritizing shareholder interests.
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- Earnings Beat: Equinor reported a Q4 non-GAAP EPS of $0.81, exceeding expectations by $0.14, reflecting enhanced profitability amid high production levels, despite an 8.3% year-over-year revenue decline to $25.35 billion, which still surpassed forecasts by $4.04 billion.
- Significant Production Growth: The company achieved total equity production of 2,198 mboe per day in Q4, a 6% increase from 2,072 mboe per day in the same quarter last year, generating $9.55 billion in operating cash flow, indicating strong cash generation capabilities amid market fluctuations.
- Capital Expenditure and Debt Management: Organic capital expenditures were $3.29 billion for the quarter and $13.1 billion for the full year; while the net debt to capital employed ratio rose from 12.2% in Q3 to 17.8%, the company plans a $1.5 billion share buyback in 2026, demonstrating a commitment to shareholder returns.
- Optimistic Future Outlook: Production is expected to grow by around 3% in 2026, with organic capital expenditures estimated at approximately $13 billion; although scheduled maintenance is projected to reduce equity production by about 35 mboe per day for the full year, the company aims to keep production costs in the top quartile of its peer group.
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