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Equinor ASA

EQNR

Last
$43.01
Day
+0.2%
1y
+78.0%
5y
+71.0%
52w
-6.3%
SPY YTD
+13.3%
XLE
+42.9%
Earnings
2026-11-0425d
EMA 21
42.63
EMA 50
41.77
EMA 200
36.52
20d high
-6.3%
5y high
-6.3%
5y range
88th
Website · 23,545 employees · Norway

Positions held

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Score
11
Hold
watch
Signal
Neutral
Target
$46.34
Stop
$41.22
Stop distance
4.2%
Target vs last
+7.7%

Bull / bear case

Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.

Bull case
  • Equinor ASA is strategically positioned in the energy sector, focusing on sustainable practices and transitioning towards renewable energy sources, which aligns with global trends towards decarbonization.
  • Revenue increased by 24% compared to the prior quarter, reaching $34.5 billion.
  • Operating margin expanded to 37.3%, reflecting improved operational efficiency.
Bear case
  • The oil and gas industry is facing significant regulatory pressures and competition from renewable energy sources, which could impact future profitability.
  • Net income for 2025-Q4 was only $1.3 billion, a stark contrast to $8.8 billion in 2024.
  • The current ratio stands at 1.176, indicating potential liquidity concerns.

Fundamentals

Market cap$101.71BEnterprise value$217.49BTrailing P/E11.73Forward P/E9.31
PEG1.09Price / book4.85Beta-0.66Dividend yield3.63%
Revenue growth37.4%Earnings growth298.0%Gross margin40.1%Operating margin36.1%
Profit margin8.0%ROE21.3%ROA14.5%Debt / equity0.75
Current ratio1.18Free cash flow$29.40BAnalyst recommendationholdMean target$38.83
52w high$45.8452w low$22.26

Quarterly

2026-Q22026-Q12025-Q42025-Q32025-Q2
Revenue$34.5B$27.8B$25.3B$26.0B$25.1B
Op margin37.3%31.6%19.3%20.3%22.7%
Net income$4.8B$3.1B$1.3B-$210M$1.3B
Gross margin46.0%44.3%35.4%33.8%35.7%
Gross profit$15.9B$12.3B$8.9B$8.8B$9.0B
Operating income$12.9B$8.8B$4.9B$5.3B$5.7B
  • Revenue +24% vs prior quarter ($34.5B vs $27.8B).
  • Gross margin 46% (was 44.3% prior quarter).
  • Operating margin expanded to 37.3%.

Yearly (6y)

2025202420232022
Revenue$105.8B$102.5B$106.8B$149.0B
Op margin23.4%29.6%33.0%52.2%
Net income$5.0B$8.8B$11.9B$28.7B
Gross margin36.2%41.6%45.0%59.6%
Gross profit$38.3B$42.6B$48.0B$88.8B
Operating income$24.7B$30.4B$35.2B$77.7B
Headline scan

No flags

• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).

News

EQNR · daily+2.7% over 13 sessions
Close EMA21 EMA50 EMA200
40.8041.6642.5343.3944.262026-092026-092026-092026-092026-102026-102026-10
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin
-$210M$8.5B$17.2B$25.8B$34.5B0%23%46%2025-Q22025-Q32025-Q42026-Q12026-Q2