REG-Equinor third quarter 2026 results
Equinor delivered Q3 2026 adjusted operating income of $12.35 billion, with net operating income of $11.95 billion more than double the $5.27 billion reported a year earlier, driven by higher liquids and European gas prices and record results at the Mongstad refinery. Production rose 2% year-over-year to 2,166 mboe per day, and management raised 2026 production growth guidance from 3% to around 4%. Capital distribution continues: a $0.39 per share Q3 dividend plus a fourth $1.125 billion buyback tranche, bringing the 2026 buyback program to up to $3 billion.
Key figures
- Eps
- 1.2
- Guidance
- 2026 oil and gas production growth raised from 3% to ~4%
- Net income
- 2540000000
- Total capex
- 3820000000
- Liquids price
- $92.3 per bbl
- Organic capex
- 3280000000
- Cffo after taxes
- 8140000000
- Equity production
- 2,166 mboe per day
- Dividend per share
- 0.39
- European gas price
- $20.0 per mmbtu
- Adjusted net income
- 2860000000
- Buyback 2026 program
- 3000000000
- Net operating income
- 11950000000
- Production growth yoy
- 2%
- Fourth buyback tranche
- 1125000000
- Ncs tax instalments paid
- 6200000000
- Adjusted operating income
- 12350000000
- Net debt to capital employed
- 3.8% vs 10.4% last quarter
- Net operating income prior year
- 5270000000
- Renewable power generation growth
- 26%
AI analysis
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