EQUINOR ASA (EQNR) Form 6-K — Oct 28, 2026
Equinor delivered a standout Q3 2026 with adjusted operating income of USD 12.35 billion, nearly double the USD 6.2 billion posted in Q3 2025, as high liquids prices (USD 92.3/bbl average) and elevated European gas prices (USD 20/mmbtu) combined with 2% production growth. Net income swung to USD 2.54 billion from a USD 204 million loss a year earlier, and adjusted EPS more than tripled to USD 1.20 from USD 0.37. Cash flow from operations after taxes paid rose 53% to USD 8.14 billion, and net debt to capital employed improved to 3.8%. Management raised 2026 production growth guidance from 3% to around 4% and kept the quarterly dividend at USD 0.39 per share.
Key figures
- Eps
- 1.07
- Revenue
- 33190000000
- Guidance
- 2026 oil and gas production growth guidance raised from 3% to around 4%
- Net Income
- 2545000000
- Shares Outstanding
- 2374000000
- Production q3
- 2,166 mboe/day (up 2% YoY)
- Adjusted eps q3
- USD 1.20 vs USD 0.37 in Q3 2025
- Cffo after taxes
- USD 8.14 billion (up 53% YoY)
- Organic capex q3
- USD 3.28 billion
- Nines month revenue
- USD 96.21 billion (up 19% YoY)
- Buyback program 2026
- USD 3.0 billion; fourth tranche up to USD 1,125 million starting 29 Oct 2026
- Adjusted net income q3
- USD 2.86 billion
- Cash dividend per share
- 0.39
- European gas price realized
- USD 20.0/mmbtu
- Group average liquids price
- USD 92.3/bbl (up 42% YoY)
- Adjusted operating income q3
- USD 12.35 billion (up 99% YoY)
- Net debt to capital employed
- 3.8% vs 17.8% at 31 Dec 2025
AI analysis
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