Equinor Future Growth

Future criteria checks 0/6

Equinor's revenue and earnings are forecast to decline at 4.4% and 8.4% per annum respectively. EPS is expected to decline by 2.9% per annum. Return on equity is forecast to be 16.4% in 3 years.

Key information

-8.4%

Earnings growth rate

-2.9%

EPS growth rate

Oil and Gas earnings growth	8.1%
Revenue growth rate	-4.4%
Future return on equity	16.4%
Analyst coverage	Good
Last updated	07 Jan 2025

Recent future growth updates

Recent updates

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

Nov 18

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

Jul 26

Equinor Q1 2024 Update: 10%-Yielding Cash Cow

May 17

Equinor Remains An Increasingly Diversified Cash Flow Machine

May 06

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

Mar 18

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

Mar 11

Equinor's Q4: A Buyable Sell-Off

Feb 13

Equinor: 11% Yield, Tough Comps, Cash Cow

Dec 03

Why We Just Bought More Shares Of Equinor

Nov 14

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

Oct 31

Equinor Ignites Electrification Momentum In Europe

Oct 12

Equinor: 11% Yield, Very Strong Balance Sheet

Sep 03

Equinor's Strong Q2 Earnings Show Its Long-Term Value

Jul 26

Downranking Equinor: NOC Interests Are Not Aligned With Some Individual Investors

Jun 23

Equinor: High Yield Dividend And Growth Amid Geopolitical Tensions

Jun 09

Earnings and Revenue Growth Forecasts

NYSE:EQNR - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	87,824	7,009	2,919	17,610	2
12/31/2026	95,387	7,893	3,410	18,712	15
12/31/2025	97,642	8,110	5,516	19,548	15
12/31/2024	102,402	8,997	7,683	21,266	16
9/30/2024	104,810	9,413	8,864	20,425	N/A
6/30/2024	105,318	9,628	7,490	18,605	N/A
3/31/2024	102,726	9,591	7,844	18,851	N/A
12/31/2023	106,848	11,885	14,126	24,701	N/A
9/30/2023	111,846	17,177	16,311	26,232	N/A
6/30/2023	128,649	24,064	18,250	27,573	N/A
3/31/2023	142,165	28,998	26,043	34,236	N/A
12/31/2022	149,004	28,746	26,378	35,136	N/A
9/30/2022	147,288	24,219	30,301	39,020	N/A
6/30/2022	127,672	16,241	31,898	40,480	N/A
3/31/2022	108,665	11,422	29,987	38,603	N/A
12/31/2021	90,665	8,563	20,776	28,816	N/A
9/30/2021	68,494	2,773	14,690	23,008	N/A
6/30/2021	56,634	-760	9,478	17,602	N/A
3/31/2021	46,817	-2,951	3,050	11,327	N/A
12/31/2020	45,765	-5,510	1,910	10,386	N/A
9/30/2020	48,777	-3,324	1,145	9,817	N/A
6/30/2020	52,231	-2,305	1,779	11,365	N/A
3/31/2020	61,566	-576	3,137	13,658	N/A
1/1/2020	62,911	1,843	3,545	13,749	N/A
9/30/2019	69,735	5,445	5,681	16,175	N/A
6/30/2019	74,019	8,218	6,481	17,412	N/A
3/31/2019	75,190	7,961	6,882	17,753	N/A
12/31/2018	78,556	7,535	8,327	19,694	N/A
9/30/2018	73,943	6,744	5,439	17,214	N/A
6/30/2018	68,485	4,599	N/A	15,110	N/A
3/31/2018	65,280	4,813	N/A	16,158	N/A
12/31/2017	60,972	4,590	N/A	14,802	N/A
9/30/2017	56,557	-775	N/A	15,109	N/A
6/30/2017	55,118	-727	N/A	15,454	N/A
3/31/2017	51,069	-2,467	N/A	12,548	N/A
12/31/2016	45,688	-2,922	N/A	8,818	N/A
9/30/2016	45,803	-1,258	N/A	9,225	N/A
6/30/2016	47,357	-1,175	N/A	10,699	N/A
3/31/2016	52,584	-7	N/A	12,093	N/A
12/31/2015	57,901	-5,192	N/A	13,628	N/A
9/30/2015	62,317	-5,109	N/A	14,621	N/A
6/30/2015	68,804	-5,443	N/A	13,069	N/A
3/31/2015	69,625	-4,801	N/A	12,614	N/A
12/31/2014	96,708	3,871	N/A	20,205	N/A
9/30/2014	94,355	7,096	N/A	17,694	N/A
6/30/2014	101,198	10,534	N/A	20,840	N/A
3/31/2014	104,330	9,532	N/A	19,697	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EQNR's earnings are forecast to decline over the next 3 years (-8.4% per year).

Earnings vs Market: EQNR's earnings are forecast to decline over the next 3 years (-8.4% per year).

High Growth Earnings: EQNR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: EQNR's revenue is expected to decline over the next 3 years (-4.4% per year).

High Growth Revenue: EQNR's revenue is forecast to decline over the next 3 years (-4.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EQNR's Return on Equity is forecast to be low in 3 years time (16.4%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/08 00:52
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Equinor ASA is covered by 60 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John A. Olaisen	ABG Sundal Collier
Thijs Berkelder	ABN AMRO Bank N.V.
Robert Jan Vos	ABN AMRO Bank N.V.

Equinor Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Equinor ASA Provides Production Guidance for the Year 2024

Recent updates

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

Equinor ASA, Annual General Meeting, May 14, 2025

Equinor ASA to Report Q3, 2025 Results on Oct 29, 2025

The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.

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

Equinor ASA Announces Extraordinary Dividend, Payable on 28 February 2025

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

Equinor ASA (OB:EQNR) acquired 9.80% stake in Ørsted A/S (CPSE:ORSTED).

Equinor ASA (OB:EQNR) acquired 9.80% stake in Ørsted A/S (CPSE:ORSTED).

Equinor ASA Announces Ordinary Cash Dividend for the First Quarter of 2024

Equinor Has Multiple Diversified Income Sources

Equinor: A Great Company To Bet Against The Investor Sentiment

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

Equinor ASA Announces Ordinary Cash Dividend for the Second Quarter of 2024, Payable 29 November 2024

PGNiG Upstream Norway AS agreed to acquire 19.5% stake in Gina Krog area from Equinor ASA (OB:EQNR).

Equinor ASA Announces Board Elections, Effective July 1, 2024

Exxon Mobil, Shell Reportedly to Weigh Bids for Galp Namibia Stake

Equinor Q1 2024 Update: 10%-Yielding Cash Cow

Equinor ASA Approves Extraordinary Dividend for the Fourth Quarter of 2023, Payable on 28 May 2024

Equinor Remains An Increasingly Diversified Cash Flow Machine

Equinor Asa Announces Extraordinary Cash Dividend for the First Quarter of 2024 Payable on 28 August 2024

Equinor ASA Elects Mikael Karlsson as Member of Board of Directors, Effective from 1 April 2024

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

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

Equinor’s Empire Wind Project Receives Approval from Bureau of Ocean Energy Management

Equinor's Q4: A Buyable Sell-Off

Equinor ASA (OB:EQNR) announces an Equity Buyback for NOK 12,000 million worth of its shares.

Equinor ASA Provides Production Guidance for the Year 2024

Equinor: 11% Yield, Tough Comps, Cash Cow

Equinor ASA to Report Q4, 2024 Results on Feb 05, 2025

Equinor ASA, Annual General Meeting, May 14, 2024

Why We Just Bought More Shares Of Equinor

Equinor Reportedly Prepares to Sell 20% Stake in its Rosebank Oil Development in the British North Sea

Equinor, RWE Reportedly to Place Joint Bid in Norwegian Offshore Tender

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

Central Puerto S.A. (BASE:CEPU) completed the acquisition of 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).

Equinor ASA Declares Extraordinary Cash Dividend, Payable on 27 February 2024

Central Puerto S.A. (BASE:CEPU) reached an agreement to acquire 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).