Equinor ASA (NYSE:EQNR) Issues Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Equinor ASA (NYSE:EQNR) announced its earnings results on Tuesday. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.18), FiscalAI reports. The business had revenue of $32.96 billion during the quarter, compared to analysts’ expectations of $33.30 billion.

Equinor ASA Stock Up 1.9%

EQNR traded up $0.87 during midday trading on Wednesday, hitting $47.93. The company’s stock had a trading volume of 2,334,178 shares, compared to its average volume of 5,081,356. Equinor ASA has a 52-week low of $22.26 and a 52-week high of $49.08. The firm has a 50-day moving average price of $43.69 and a two-hundred day moving average price of $37.07.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating on shares of Equinor ASA in a research note on Friday, July 24th. Bank of America upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Friday, September 18th. SEB Equity Research reissued a “sell” rating on shares of Equinor ASA in a research report on Friday, October 2nd. Morningstar downgraded shares of Equinor ASA to a “sell” rating in a research note on Thursday, July 23rd. Finally, Zacks Research upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.47.

Key Headlines Impacting Equinor ASA

Here are the key news stories impacting Equinor ASA this week:

• Positive Sentiment: Higher production outlook and strong operating profit: Equinor raised its 2026 oil and gas production-growth target to approximately 4%, from 3% previously. Third-quarter adjusted operating income reached $12.35 billion, while adjusted net income was $2.86 billion. Equinor’s Earnings Double as Upended Energy Markets Offer Windfall
• Positive Sentiment: Share buyback continues: Equinor will begin the fourth tranche of its expanded 2026 share-repurchase program on October 29, following completion of the third tranche. Buybacks can support earnings per share and provide additional shareholder returns. Equinor to commence fourth tranche of the 2026 share buy-back programme
• Positive Sentiment: Renewables generation expanded: Third-quarter renewable power generation rose 26% year over year, supporting Equinor’s diversification beyond traditional oil and gas. Equinor reports 26% rise in Q3 renewable generation
• Positive Sentiment: Dividend maintained: Equinor declared a third-quarter cash dividend of $0.39 per share, payable in February 2027. Equinor ASA cash dividend information
• Neutral Sentiment: Potential winter gas-price volatility: Equinor warned that colder weather and depleted European inventories could trigger another gas-price spike. Higher prices could benefit production revenue, but the warning highlights market and demand uncertainty. Equinor warns Europe is vulnerable to winter gas price spike
• Negative Sentiment: Quarterly earnings missed estimates: Adjusted EPS was $1.20 versus the $1.38 consensus, and revenue of $32.96 billion fell short of the $33.30 billion estimate. Equinor third quarter 2026 results
• Negative Sentiment: Analyst downgrade: DZ Bank cut Equinor from “buy” to “hold,” potentially limiting further upside after the stock’s strong run.

Equinor ASA Company Profile

Equinor ASA is a Norwegian energy company headquartered in Stavanger, Norway. Founded in 1972 as Den norske stats oljeselskap, the company was later known as Statoil and StatoilHydro before adopting the Equinor name in 2018. The Norwegian state remains its largest shareholder.

Equinor’s core business is the exploration, development, production and marketing of oil and natural gas, with Norway’s continental shelf serving as its principal operating area. The company also processes and markets energy products and supplies natural gas and crude oil to customers in Europe and other international markets.

In addition to its oil and gas operations, Equinor is developing lower-carbon energy businesses, including offshore wind, solar power, carbon capture and storage, and other renewable energy projects.