Equinor third quarter 2026 results
Equinor delivered Q3 2026 adjusted operating income of USD 12.35 billion with net operating income of USD 11.95 billion, more than double the USD 5.27 billion reported a year earlier, on higher liquid and European gas prices. Production rose 2% YoY to 2,166 mboe per day, and management raised 2026 production growth guidance from 3% to around 4%. Cash flow from operations after taxes paid was USD 8.14 billion, net debt to capital employed fell to 3.8% from 10.4% last quarter, and the board initiated a fourth USD 1,125 million buyback tranche alongside a USD 0.39 per share dividend.
Key figures
- Eps
- 1.2
- Guidance
- 2026 oil and gas production growth raised from 3% to around 4%
- Revenue Yoy
- 0
- Net income
- $2.54 billion
- Total capex
- $3.82 billion
- Organic capex
- $3.28 billion
- Adjusted net income
- $2.86 billion
- Buyback 2026 program
- $3 billion
- Net operating income
- $11.95 billion
- Liquids price usd bbl
- 92.3
- Production growth yoy
- 2%
- Q3 dividend per share
- $0.39
- Buyback fourth tranche
- $1,125 million
- Ncs tax instalments paid
- $6.2 billion
- Adjusted operating income
- $12.35 billion
- Total power generation twh
- 1.32
- Cash flow from ops after tax
- $8.14 billion
- European gas price usd mmbtu
- 20
- Net debt to capital employed
- 3.8% (vs 10.4% prior quarter)
- Equity production mboe per day
- 2166
- Net operating income prior year
- $5.27 billion
- Renewable power generation growth
- 26%
AI analysis
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