Equinor ASA (EQNR)

Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power. It is also involved in the marketing, trading, processing, and transportation of crude oil and condensate, natural gas, NGL and refined products, including refineries, terminals, and processing plant operation; power and emissions trading; development of transportation solutions for natural gas, liquids, and crude oil, including pipelines, shipping, trucking, and rail; and provision of low carbon solutions. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

Ticker
EQNR
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas Integrated
Market cap
$99.68B
52-week range
$22.26 - $49.08

Valuation

Share price
$41.99 (close of Nov 6, 2026)
P/E (TTM)
8.71x
Price to book
2.22x
Price to free cash flow
8.80x
Enterprise value
$123.04B
Book value per share
$18.95

Price performance

PeriodChange
1 day-1.29%
5 days-13.87%
1 month-2.37%
3 months+6.41%
6 months+10.41%
Year to date+77.70%
1 year+74.67%
3 years+26.44%
5 years+59.78%
10 years+160.16%
All time+462.12%

Short interest

As of
Oct 15, 2026
Short % of float
2.85%
Shares short
18.66M
Days to cover
4.42
Change since prior report
+7.29%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
12.45%
Return on invested capital
17.68%
Return on assets
3.83%
Gross margin
48.18%
Net margin
4.74%
EBITDA margin
33.05%
Revenue growth
2.59%
Net income growth
-42.73%
Free cash flow growth
-17.99%

Cash flow and balance sheet

Free cash flow yield (TTM)
11.37%
Net debt to EBITDA
0.44x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$106.46B
Cost of revenue
$55.16B
Gross profit
$51.30B
EBITDA
$35.19B
Net income
$5.04B
Earnings per share
$1.94
Research and development
$352.00M
Shares outstanding
2.59B

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$106.46B$51.30B$5.04B$1.94
2024-12-31$103.77B$53.73B$8.81B$3.12
2023-12-31$107.17B$59.00B$11.88B$3.93
2022-12-31$150.81B$97.00B$28.75B$9.06
2021-12-31$90.92B$55.76B$8.56B$2.64
2020-12-31$45.82B$24.83B-$5.51B-$1.69
2019-12-31$64.36B$34.83B$1.84B$0.55
2018-12-31$79.59B$41.08B$7.54B$2.27
2017-12-31$61.19B$32.98B$4.59B$1.40
2016-12-31$45.87B$24.37B-$2.92B-$0.91

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3148.18%4.74%12.45%17.68%
2024-12-3151.78%8.49%20.78%21.34%
2023-12-3155.05%11.09%24.51%22.27%
2022-12-3164.32%19.06%53.24%45.74%
2021-12-3161.33%9.42%21.94%22.29%
2020-12-3154.20%-12.03%-16.26%-4.63%
2019-12-3154.11%2.86%4.48%6.44%
2018-12-3151.61%9.47%17.53%14.36%
2017-12-3153.89%7.50%11.51%9.69%
2016-12-3153.12%-6.37%-8.33%0.06%

Cash and debt by year

Period endCashDebt
2025-12-31$5.04B$23.76B
2024-12-31$5.90B$19.36B
2023-12-31$8.07B$22.23B
2022-12-31$9.45B$24.14B
2021-12-31$13.99B$27.40B
2020-12-31$6.76B$29.12B
2019-12-31$5.18B$21.75B
2018-12-31$7.56B$23.26B
2017-12-31$4.39B$24.18B
2016-12-31$5.09B$28.00B

Free cash flow by year

Period endFree cash flow
2025-12-31$5.98B
2024-12-31$7.29B
2023-12-31$18.68B
2022-12-31$26.38B
2021-12-31$20.78B
2020-12-31$1.91B
2019-12-31$3.54B
2018-12-31$8.33B
2017-12-31$4.05B
2016-12-31-$3.37B

Dividend history

Most recent payment
Aug 14, 2026
Paid in the last twelve months
$1.52
Payment dateDividend per share
2026-08-14$0.39
2026-05-15$0.39
2026-02-17$0.37
2025-11-14$0.37
2025-08-19$0.37
2025-05-16$0.37
2025-02-14$0.35
2024-11-19$0.70

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-28Sep 2026$1.38
2026-07-22Jun 2026$1.38
2026-05-06Mar 2026$1.01
2026-02-04Dec 2025$0.60
2025-10-29Sep 2025$0.57
2025-07-23Jun 2025$0.66
2025-04-30Mar 2025$0.83
2025-02-05Dec 2024$0.73

Filings and sources

Company website
equinor.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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