Equinor ASA

NYSE:EQNR Stock Report

Market Cap: US$61.4b

Equinor Past Earnings Performance

Past criteria checks 3/6

Equinor has been growing earnings at an average annual rate of 40.1%, while the Oil and Gas industry saw earnings growing at 40.4% annually. Revenues have been growing at an average rate of 17.4% per year. Equinor's return on equity is 21.3%, and it has net margins of 9%.

Key information

40.1%

Earnings growth rate

41.2%

EPS growth rate

Oil and Gas Industry Growth33.7%
Revenue growth rate17.4%
Return on equity21.3%
Net Margin9.0%
Next Earnings Update05 Feb 2025

Recent past performance updates

Recent updates

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

Nov 18

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

Oct 25

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

Oct 15

Equinor Has Multiple Diversified Income Sources

Aug 14

Equinor: A Great Company To Bet Against The Investor Sentiment

Aug 02

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

Revenue & Expenses Breakdown

How Equinor makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:EQNR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24104,8109,4132,6530
30 Jun 24105,3189,6282,5210
31 Mar 24102,7269,5912,2600
31 Dec 23106,84811,8852,1940
30 Sep 23111,84617,1771,7680
30 Jun 23128,64924,0641,8070
31 Mar 23142,16528,9981,8850
31 Dec 22149,00428,7461,8380
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
31 Mar 1569,625-4,8012,9120
31 Dec 1496,7083,8713,7280
30 Sep 1494,3557,0962,9720
30 Jun 14101,19810,5343,3750
31 Mar 14104,3309,5323,7890
31 Dec 13101,5186,5693,7370

Quality Earnings: EQNR has high quality earnings.

Growing Profit Margin: EQNR's current net profit margins (9%) are lower than last year (15.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: EQNR's earnings have grown significantly by 40.1% per year over the past 5 years.

Accelerating Growth: EQNR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EQNR had negative earnings growth (-45.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-14.2%).

Return on Equity

High ROE: EQNR's Return on Equity (21.3%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:15
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 61 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.

AnalystInstitution
John A. OlaisenABG Sundal Collier
Robert Jan VosABN AMRO Bank N.V.
Thijs BerkelderABN AMRO Bank N.V.