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Equinor First-Quarter Profit Rises More than Expected
Record output and higher energy prices lifted first-quarter profit, but cash flow fell 19% and missed expectations, pressuring shares.
- On Wednesday, Equinor ASA missed quarterly cash-flow forecasts, causing shares to fall 7.6% despite the Norwegian oil major posting its strongest profit in three years on record output and Iran war-driven price gains.
- The Iran war disrupted global energy flows, sending Brent crude prices surging above $100 per barrel and helping Equinor achieve record production of 2.31 million barrels of oil equivalent daily.
- Underlying cash flow from operations totaled just over $6 billion, missing the $7.5 billion estimate as collateral requirements rose, though adjusted operating income reached $2.86 billion, exceeding analyst forecasts.
- Equinor reiterated its decision to cut share buybacks by 70% to preserve cash while maintaining its quarterly dividend at $0.39 per share and launching a second buyback tranche of $375 million.
- CEO Anders Opedal expects market normalization will take at least six months, and the company will present a strategy update next month that may revisit capital distributions amid continued price volatility.
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Equinor got paid extra well for its oil in the first quarter. Now the boss answers about dividends, the Hormuz crisis and the oil price.
·Oslo, Norway
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The Norwegian energy group Equinor has presented a net profit of 3,105 million dollars (2,655 million euros to the current change) in the first trimester of 2026, 18% more year-on-year. "The net financial result was benefited from a development of positive value of the financial investments in the first trimester", the company said in its balance sheet. The revenues amounted to 27,843 million (23,809 million euros), a 7% less year-on-year, refle…
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Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
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L 50%
C 25%
R 25%
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