EQNR Earnings Prediction
The chart below shows how EQNR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EQNR sees a -0.69% change in stock price 10 days leading up to the earnings, and a -0.21% change 10 days following the report. On the earnings day itself, the stock moves by +1.22%. This data can give you a slight idea of what to expect for the next quarter's release.
EQNR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
25.42B
-1.96%
-0.18%
Gross Margin
38.90%
-10.20%
-9.43%
Operating Margin
26.75%
-17.92%
-10.51%
Net Margin
8.99%
-6.84%
22.31%
EPS
0.82
-2.38%
26.15%
No Data Available
EQNR Earnings Analysis
Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 Corporation (EQNR.N) Earnings Conference Call
Positive
Record Oil Production: 1. Record Production Achievement: Equinor set a new record with over 756,000 barrels of oil produced on September 21, contributing to total revenue exceeding $80 billion.
Strong Operating Income: 2. Strong Financial Performance: The company reported an adjusted operating income of $6.9 billion before tax and an IFRS net income of $2.3 billion for the quarter.
Strong Cash Flow Performance: 3. Significant Cash Flow Generation: Year-to-date, Equinor has generated cash flow from operations after tax amounting to $14 billion, demonstrating robust operational efficiency.
Gas Production Increase: 4. Increased Gas Production: Total gas production increased by 8% year-over-year, driven by high output from the Troll field and contributions from other fields, enhancing revenue potential.
Capital Distribution Strategy: 5. Capital Distribution Commitment: The Board approved a total capital distribution of $14 billion for the year, including an ordinary cash dividend of $0.35 per share and a share buyback program of $1.6 billion starting soon.
Negative
Liquids Price Decline: 1. Declining Liquids Prices: Liquids prices decreased during the quarter, negatively impacting overall revenue compared to last year.
Rising Operating Expenses: 2. Increased Operating Expenses: Adjusted OpEx and SG&A rose by 3% year-over-year, with underlying costs increasing due to currency effects and one-off expenses.
Negative Cash Flow Impact: 3. Negative Cash Flow: The company reported a net cash flow of negative $3.4 billion after tax, capital distribution, and investments, indicating financial strain despite a solid cash position.
Production Guidance Challenges: 4. Production Guidance Risks: There are increased risks to production guidance due to potential curtailments from U.S. onshore operators, which could impact overall output.
CapEx Guidance Adjustment: 5. CapEx Guidance Reduction: The CapEx guidance was adjusted downwards from $13 billion to a range of $12 billion to $13 billion due to project spend phasing and currency effects.
EQNR FAQs
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EQNR Earning Call Sentiment
Equinor ASA (EQNR) Q3 2024 Earnings Call Transcript
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EQNR.N
-1.22%Positive
The earnings call presents a mix of positive and cautious elements. Strong financial performance, including increased operating income and cash flow, alongside a significant share buyback program, suggests a positive outlook. However, concerns over production risks, regulatory challenges, and mixed feedback on strategic investments like Ørsted temper enthusiasm. The Q&A reveals management's focus on value creation and strategic alignment, reinforcing a cautiously optimistic sentiment. Overall, the financial strength and shareholder returns outweigh the risks, leading to a positive sentiment with potential short-term stock price gains.