Equinor ASA

NYSE:EQNR 주식 리포트

시가총액: US$98.3b

Equinor 과거 순이익 실적

과거 기준 점검 2/6

Equinor의 수입은 연평균 -2.8%의 비율로 감소해 온 반면, Oil and Gas 산업은 수입이 연평균 8.4% 증가했습니다. 매출은 연평균 4.4%의 비율로 증가해 왔습니다. Equinor의 자기자본이익률은 12.7%이고 순이익률은 5.3%입니다.

핵심 정보

-2.75%

순이익 성장률

0.21%

주당순이익(EPS) 성장률

Oil and Gas 산업 성장률33.67%
매출 성장률4.39%
자기자본이익률12.68%
순이익률5.30%
다음 순이익 업데이트22 Jul 2026

최근 과거 실적 업데이트

Recent updates

Seeking Alpha May 17

Equinor: A Fantastic Balance Sheet And Strong Returns

Summary Equinor remains my top oil megacap pick, delivering strong 1Q 2026 results with $9.8B adjusted operating income and 9% O&G production growth. EQNR’s disciplined capital allocation supports a >4% dividend yield and $1.5B annual buybacks, driving over 5% total shareholder returns even after share price appreciation. Production exceeded 2.3M barrels/day, buoyed by new NCS output and US records, while renewable generation—bolstered by a strategic Ørsted stake—continues to ramp. Risks include potential oil price declines from Middle East or Russia-Ukraine peace, but EQNR’s robust balance sheet and asset base underpin continued strong cash flow. Read the full article on Seeking Alpha
Seeking Alpha Apr 25

Equinor ASA Is Undervalued, Despite Political Woes

Summary Equinor ASA (EQNR) is a Norwegian state-owned energy giant with significant offshore operations and a primary revenue source from oil and gas. Despite dividend volatility and geopolitical risks, EQNR has outperformed the S&P 500 and energy sector since its market debut, offering high yields, up to 11%. EQNR's valuation is attractive compared to US and other international energy firms, though oil price fluctuations pose a significant risk. I recommend a buy rating for EQNR, advising careful portfolio allocation to manage exposure to its inherent volatility and geopolitical uncertainties. Read the full article on Seeking Alpha
Seeking Alpha Apr 11

Equinor Has A Top-Of-The-Line Profitability At Bottom-Of-The-Market Prices

Summary Equinor's strong fundamentals and competitive advantage as Europe's primary gas supplier make it a top choice for integrated Oil & Gas stocks. The company smartly reinvests substantial O&G profits into green transition initiatives, aligning with Norway's renewable energy goals. Despite falling crude prices, Equinor remains undervalued with a low EV/EBITDA ratio and strong profitability metrics, making it a strong buy. Risks include volatile commodity prices and heavy government influence, but long-term contracts and strategic diversification offer stability. Read the full article on Seeking Alpha
Seeking Alpha Mar 21

Equinor ASA: Despite A Possible Trump-Putin Deal, It Remains A Good Option

Summary Equinor ASA presents an excellent investment opportunity due to its strong production levels, low extraction costs, and high Return on Average Capital Employed (RoACE) of 16%. Europe's high gas prices and supply issues, exacerbated by geopolitical tensions, give Equinor a significant market advantage with its low-cost production. Equinor's future outlook is promising, with plans to increase production by 10% by 2027 and a potential free cash flow increase to $4 billion by 2030. Despite high tax rates and potential geopolitical risks, EQNR's current valuation and low multiples offer a compelling margin of safety for investors. Read the full article on Seeking Alpha
Seeking Alpha Feb 22

Equinor: External Factors And Internal Decisions Can Push Stock Price To A New All-Time High

Summary Equinor's decision to cut green energy investments by 50% aims to boost profitability, ensuring higher dividends and more funds for profitable oil and gas ventures. Equinor's stock price performed poorly last year on poor financial results, mostly due to low oil & gas prices. Despite what poor 2024 financial results might suggest, Equinor is well-positioned to benefit from rising European natural gas prices and its plans to increase upstream oil and gas production by 10%. Europe's tightening natural gas market and Equinor's status as the EU's largest supplier make it a strong investment, even amid geopolitical uncertainties, where Russian pipeline gas supplies could potentially return. Elevated European natural gas prices are expected to persist, benefiting Equinor, which now focuses more on rewarding investors through debt reduction, stock buybacks, and higher dividends. Read the full article on Seeking Alpha
Seeking Alpha Feb 15

Equinor: Undervalued With Market-Beating Potential

Summary Equinor offers a compelling opportunity for income and value investors due to its discounted valuation, robust financial health, and promising growth outlook. EQNR demonstrated strong 2024 performance with a 21% ROCE and 4% production growth, driven by high-return deepwater drilling. EQNR's forward PE is significantly below its historical average and U.S. counterparts, offering high income and potential for market-beating total returns. Read the full article on Seeking Alpha
Seeking Alpha Feb 07

Equinor's One-Time Events Hide Strength

Summary Equinor ASA, with a market cap over $65 billion, reported strong 2024 earnings, despite taxes and the Ørsted acquisition, showcasing substantial shareholder returns. For 2025, Equinor projects 4% production growth, $13 billion in organic capex, and robust shareholder returns through dividends and share buybacks. Long-term, Equinor targets 30-40% emissions reduction by 2035, net-zero by 2050, and significant investments in renewable energy, enhancing diversification. Risks include potential crude oil price drops due to increased U.S. production or a Russia-Ukraine peace deal, impacting future shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha Jan 10

Equinor: Stepping On The Gas In 2025

Summary Equinor looks well positioned to outperform in 2025, driven by likely higher European gas prices while exposure to weaker refining margins remains limited. Forecasted 2025 European gas prices sit ~20-30% below most recent forward prices. At forward pricing, Equinor could exceed EBIT estimates by ~11% on our estimates. By removing ~$1.2B in capex for the Rosebank field, we also believe the recent deconsolidation of its U.K. assets should improve midterm FCF and distribution capacity. We see Equinor as one of our top picks for 2025 and initiate at Overweight with ~37% upside to our price target and ~10% in forward dividends. Read the full article on Seeking Alpha
Seeking Alpha Nov 18

Equinor: Market Dislikes Growth-Lacking Energy Transition, But Valuation Still Too High

Summary Equinor is a great business with solid management, low leverage, and an incredibly low-cost base on its assets. The 11.67% dividend yield and share 9% buyback yield are unsustainable without sustained oil prices above $95/bbl. The market is very skeptical of renewable transition due to its low ROIC. Read the full article on Seeking Alpha
Seeking Alpha Oct 25

Equinor: A Reliable Double-Digit Yield Is Tough To Find In This Market

Summary Equinor ASA's strong cash flow, low P/E ratio, and net cash position make it a valuable investment opportunity with a double-digit dividend yield. The company's equity production remains robust despite weak prices, with significant growth expected from new projects like Johan Castberg and Dogger Bank A. Despite substantial tax obligations, Equinor generates hefty cash flow, enabling continued shareholder returns and heavy investments in renewables. The main risk is crude oil price volatility, but Equinor's strategic investments in renewables and European gas markets offer strong growth potential. Read the full article on Seeking Alpha
Seeking Alpha Oct 15

Here's Why We Just Bought Another 1000 Shares Of Equinor

Summary Equinor's acquisition of 10% of Ørsted for $2.5 billion enhances its renewable portfolio, adding significant offshore wind capacity and future revenue growth. The company is investing heavily in Norwegian projects, with $20 billion in capital and substantial production from the Johan Castberg field. Strong cash flow and financials enable Equinor to pay high dividends, repurchase shares, and invest in long-term growth, despite oil price volatility risks. Equinor's strategic moves in renewables and consistent shareholder returns make it a compelling investment, prompting an addition of 1000 shares to our stake. Read the full article on Seeking Alpha
Seeking Alpha Aug 14

Equinor Has Multiple Diversified Income Sources

Summary Equinor ASA's share price has fallen from 2023 highs, but the company has strong diversification and assets to drive shareholder returns. Equinor had a strong second quarter with impressive production and financial results. The political environment in Europe poses a risk to Equinor's core business, but Norway's energy stability may provide opportunities for the company. Read the full article on Seeking Alpha
Seeking Alpha Aug 02

Equinor: A Great Company To Bet Against The Investor Sentiment

Summary Equinor plans to grow oil and gas by 5% until 2026, sustain 2 million barrels per day through 2030, and invest $23 billion to increase renewable energy production to over 80 TWh. The Company can be a good choice to bet against the investor sentiment of lower oil demand by 2030. EQNR's great capital allocation and cheap multiples make it a good choice in the sector. According to my sensitivity valuations, Equinor looks exceptionally cheap in all scenarios, which is one of the reasons I rate Equinor a buy. Read the full article on Seeking Alpha
Seeking Alpha Jul 26

Equinor: Trying To Thread The Needle Between Capital Returns And A Viable Asset Base

Summary Equinor is returning significant amounts of capital to shareholders, but faces real challenges in sustaining or growing payouts due to pricing and production pressures. Q2 results beat expectations, but the overlift and MMP results that drove the beat are likely not sustainable on a quarter-to-quarter basis and there's nothing fundamentally stronger about the story. Management has been making plans and projections assuming $13/mtbu natural gas in Europe, but the forward curve is below that (and sell-side expectations are even lower), creating more distribution risk. Although Equinor has been doing better than peers in terms of organic reserve replacement and finding/development costs, a reserve life below 8 years is problematic and future production growth looks limited. Free cash flows in the $6B-$7B range can support a fair value in the high-$20s, but I do see risks to the payout and further risks to natural gas prices. Read the full article on Seeking Alpha
Seeking Alpha May 17

Equinor Q1 2024 Update: 10%-Yielding Cash Cow

Summary Equinor ASA emerged as a major regional supplier of natural gas to Europe following the Russian invasion of Ukraine in 2022. The company had a record year in 2022, which has made for tough comps. Equinor plans to end extraordinary dividends after 2024 and increase the quarterly dividend by $0.02/share annually. A 2-year share buyback program of $10-12B in total, with $6B allocated for 2024. Read the full article on Seeking Alpha
Seeking Alpha May 06

Equinor Remains An Increasingly Diversified Cash Flow Machine

Summary Equinor has strong financial results, with $7.5 billion in adjusted operating income and $2.7 billion in net income in 1Q 2024. The company remains the preferred natural gas producer for Europe, with 50% of its 1Q 2024 production being gas. Equinor plans to double its renewable power generation, but its renewable energy business is still small and requires significant capital expenditures to scale up. Read the full article on Seeking Alpha
Seeking Alpha Mar 18

Equinor: A European Energy Play With A Potential Upside (Rating Upgrade)

Summary Equinor is a leading Norwegian energy company with a strong track record and solid financial fundamentals. The company is focused on transitioning to a more sustainable and low-carbon future, with targets for increased renewables capacity and reduced emissions. While there are risks associated with the renewables sector, Equinor's valuation and potential upside make it an attractive investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha Mar 11

Equinor: Due For A Bounce But Mind The Gas (Rating Upgrade)

Summary Equinor got quite oversold and could bounce on the recent strength in oil prices. Longer term, I am still cautious about the further downside in European natural gas prices. Equinor will continue its cash returns in 2024, albeit at a reduced pace, but most of the cash pile reflects 2021-2022 windfall pricing and may not be replicable soon. Read the full article on Seeking Alpha
Seeking Alpha Feb 13

Equinor's Q4: A Buyable Sell-Off

Summary Equinor announced Q4 and full-year FY23 earnings last Wednesday and the report was generally considered a miss. A look under the hood shows strong operational performance and a one-off tax hit was responsible for missed expectations. However, a significantly cut in the extra-ordinary dividend was real and did cause a significantly sell-off in the stock price. Yet EQNR's yield is still very attractive and the outlook for capital gains is now relatively compelling. The shares could easily deliver total returns of 20% this year. Read the full article on Seeking Alpha
Seeking Alpha Dec 03

Equinor: 11% Yield, Tough Comps, Cash Cow

Summary Equinor ASA generated nearly $11 Billion in EBITDA in Q3 2023. It's facing very tough comps from Energy's banner year in 2022, but management has a shareholder-friendly approach to attractive dividends. Equinor ASA yields over 11%, has minimal debt, and a large cash hoard. Read the full article on Seeking Alpha
Seeking Alpha Nov 14

Why We Just Bought More Shares Of Equinor

Summary Equinor ASA is a top investment pick with a diverse portfolio of assets and strong cash flow. The company had strong 3rd quarter results, with $8 billion in adjusted earnings and $7.5 billion in net operating income. Equinor's production and alternative businesses are performing well, with increased liquid production and improved power business. Read the full article on Seeking Alpha
Seeking Alpha Oct 31

Equinor: Not A Buy After The Earnings (Rating Downgrade)

Summary Equinor's earnings are up sequentially but still down year-on-year, mostly due to the partial normalization of European natural gas prices. The company is also getting caught into the offshore wind problems and had to book an impairment related to its renewables business. Equinor stock is up 25% over the last six months, but in the near term further upside would require major disruptions in the LNG market. With European gas storage now full, the risk is probably more to the downside. Read the full article on Seeking Alpha
Seeking Alpha Oct 12

Equinor Ignites Electrification Momentum In Europe

Summary Equinor's valuation at 5x its 2024 free cash flows points to a rewarding investment. Equinor's robust capital returns program reflects its commitment to shareholders. Equinor's strong balance sheet position, with a net cash position of approximately $12 billion, provides a solid foundation for future growth. Read the full article on Seeking Alpha

매출 및 비용 세부 내역

Equinor가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.


순이익 및 매출 추이

NYSE:EQNR 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 26104,2605,5222,0600
31 Dec 25105,8285,0432,0590
30 Sep 25107,0665,7252,1880
30 Jun 25106,4658,2172,3410
31 Mar 25106,7978,7652,4640
31 Dec 24102,5028,8062,5410
30 Sep 24104,8109,4132,6530
30 Jun 24105,3189,6282,5210
31 Mar 24102,7269,5912,2600
01 Jan 24106,84811,8852,0660
30 Sep 23111,84617,1771,7680
30 Jun 23128,64924,0641,8070
31 Mar 23142,16528,9981,8850
31 Dec 22149,00428,7461,8490
30 Sep 22147,28824,2191,9160
30 Jun 22127,67216,2411,7090
31 Mar 22108,66511,4221,7580
31 Dec 2190,6658,5631,6130
30 Sep 2168,4942,7731,7090
30 Jun 2156,634-7601,5460
31 Mar 2146,817-2,9511,7720
31 Dec 2045,765-5,5101,6830
30 Sep 2048,777-3,3241,9080
30 Jun 2052,231-2,3052,1920
31 Mar 2061,566-5761,9210
01 Jan 2062,9111,8431,8860
30 Sep 1969,7355,4451,9630
30 Jun 1974,0198,2181,9530
31 Mar 1975,1907,9611,9070
31 Dec 1878,5567,5351,8060
30 Sep 1873,9436,7441,6840
30 Jun 1868,4854,5991,8350
31 Mar 1865,2804,8131,8120
31 Dec 1760,9724,5901,8050
30 Sep 1756,557-7751,9440
30 Jun 1755,118-7271,7800
31 Mar 1751,069-2,4671,8700
31 Dec 1645,688-2,9221,9140
30 Sep 1645,803-1,2582,1740
30 Jun 1647,357-1,1752,3030
31 Mar 1652,584-72,5430
31 Dec 1557,901-5,1922,6290
30 Sep 1562,317-5,1092,9790
30 Jun 1568,804-5,4433,2220

양질의 수익: EQNR는 고품질 수익을 보유하고 있습니다.

이익 마진 증가: EQNR의 현재 순 이익률 (5.3%)은 지난해 (8.2%)보다 낮습니다.


잉여현금흐름 대비 순이익 분석


과거 순이익 성장 분석

수익추이: EQNR는 지난 5년 동안 흑자전환하며 연평균 -2.8%의 수익 성장을 기록했습니다.

성장 가속화: EQNR은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.

수익 대 산업: EQNR은 지난 1년 동안 수익이 감소(-37%)하여 Oil and Gas 업계 평균(1.1%)과 비교하기 어렵습니다.


자기자본이익률

높은 ROE: EQNR의 자본 수익률(12.7%)은 낮음으로 평가됩니다.


총자산이익률


투하자본수익률


우수한 과거 실적 기업을 찾아보세요

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/21 09:12
종가2026/05/21 00:00
수익2026/03/31
연간 수익2025/12/31

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분석가 소스

Equinor ASA는 38명의 분석가가 다루고 있습니다. 이 중 18명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Alejandro VigilBanco Santander
Lydia RainforthBarclays
Lucy HaskinsBarclays