Equinor Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Equinor (OB:EQNR) Full Year 2024 Results

Key Financial Results

• Revenue: US$103.8b (down 2.9% from FY 2023).
• Net income: US$8.81b (down 26% from FY 2023).
• Profit margin: 8.5% (down from 11% in FY 2023).
• EPS: US$3.12 (down from US$3.93 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Equinor Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 1.2%.

Looking ahead, revenue is expected to fall by 1.4% p.a. on average during the next 3 years compared to a 3.6% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Equinor (1 makes us a bit uncomfortable!) that you should be aware of.

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