Latest news with #EQNR
Yahoo
23-07-2025
- Business
- Yahoo
Equinor: Q2 Earnings Snapshot
STAVANGER NORWAY, Norway (AP) — STAVANGER NORWAY, Norway (AP) — Equinor ASA (EQNR) on Wednesday reported second-quarter profit of $1.31 billion. The Stavanger Norway, Norway-based company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring costs, were 64 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. The oil and gas company posted revenue of $25.15 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on EQNR at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
23-07-2025
- Business
- Wall Street Journal
Equinor Launches $1.265 Billion Buyback; Earnings Boosted by U.S. Gas Prices
Equinor EQNR -0.23%decrease; red down pointing triangle said it would buy back up to $1.265 billion in shares after its second-quarter results were boosted by increased U.S onshore gas production and higher prices. The Norwegian energy major on Wednesday launched the third tranche of its buyback and said it would deliver a quarterly dividend of $0.37 a share. It didn't propose an extraordinary dividend. A year earlier, Equinor proposed a quarterly dividend of $0.35 and an extraordinary dividend of $0.35.
Yahoo
09-07-2025
- Business
- Yahoo
Equinor (EQNR) and Partners Greenlight $2B+ North Sea Energy Project
Equinor ASA (NYSE:EQNR) is one of the best high growth stocks. Equinor, alongside its Fram partners, announced on June 26 plans to invest over $2 billion in a new deepwater development in the North Sea. The Fram Sør venture, backed by an investment of more than NOK 21 billion, will merge several offshore discoveries via a tieback to Troll C. Equinor filed its plan of development and operation with Minister Terje Aasland on June 26. According to Geir Tungesvik, Equinor's Executive VP for Projects, Drilling, and Procurement: 'Fram Sør will contribute to security of energy supply from the Norwegian continental shelf (NCS) to Europe. The development will put new oil and gas resources on stream by connecting new infrastructure to existing facilities that provide good and robust profitability…' A worker in a hard hat standing in front of a giant oil refinery, the stark blue sky and grey refinery in the background. The development will drive engagement across Norway's supply chain, generating around 4,500 full-time job positions during its execution. Equipped with fully electric subsea tree systems, the project aims to improve environmental performance and subsea visibility. Recoverable assets are estimated at 116 million barrels of oil equivalent, three-quarters of which is oil, and production is planned for the end of 2029. Equinor ASA (NYSE:EQNR) is a globally integrated energy company engaged in the exploration, production, and distribution of petroleum and alternative energy sources. While we acknowledge the potential of EQNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
Globe and Mail
11-06-2025
- Business
- Globe and Mail
Equinor Outperforms & Trades at a Premium: Should You Buy the Stock?
Shares of Equinor ASA EQNR have gained 12.5% in the past six months, outperforming the oil-energy sector and the Zacks S&P 500 composite's declines of 5.5% and 0.5%, respectively. The company has a market capitalization of $70.4 billion. Positive Outlook on Equinor's Growth Trajectory The Zacks Consensus Estimate for EQNR's 2025 revenues is pegged at $106.4 billion, implying a year-over-year improvement of 2.54%. Equinor's earnings grew 20.6% in the last five years, better than the industry average of 4.4%. Long-term earnings growth is expected to be 12.1%, better than the industry average of 10.1%. EQNR has an impressive Growth Score of A. This style score helps analyze the growth prospects of a company. Average Target Price for EQNR Suggests Upside Based on short-term price targets offered by six analysts, the Zacks average price target is $25.66 per share. The average suggests a 3.9% upside from the last closing price. Favorable Return on Capital Return on equity in the trailing 12 months was 18.44%, better than the industry average of 14.14%. This highlights the company's efficiency in utilizing shareholders' funds. Also, the return on capital (ROC) has been increasing over the last few quarters as the company raised its capital investment over the same time frame, reflecting EQNR's efficiency in utilizing funds to generate income. ROC in the trailing 12 months was 10.9%, better than the industry average of 9.27%. EQNR Shares Trade at a Premium Equinor shares are trading at a premium to the industry. Its price-to-book value of 1.54X is higher than the industry average of 1.35X. Shares of other integrated energy companies like Cenovus Corporation CVX and Exxon Mobil Corporation XOM are trading at a multiple higher than the industry average, while Shell plc SHEL is trading at a discount. Factors to Consider Equinor, a leading integrated energy giant, has a presence in more than 30 countries globally. Within Europe, it serves as the second-largest natural gas provider. In the first quarter of 2025, this energy giant completed five exploration wells in the Norwegian Continental Shelf, along with two commercial discoveries. Equinor expects 4% year-over-year growth in oil and gas production for 2025. EQNR has demonstrated a robust financial performance in the first quarter of 2025, with an adjusted operating income of $8.6 billion and a net income of $2.6 billion. The cash flow from operations after tax was $7.4 billion, supported by higher gas prices in Europe and the United States. Notably, the company maintains a strong liquidity position, with $24.8 billion in cash and equivalents, and a lower net debt-to-capital-employed ratio of 6.9%. Despite market headwinds, Equinor reiterated its $9-billion capital distribution target for 2025, including dividends and share buybacks. The company highlighted the Norwegian tax regime's protective nature, covering 78% of downside price risks through tax deductions. Furthermore, with project breakeven costs below $40 per barrel and a total delivered gas cost to Europe of just $2 (compared with the current market price of $11), there is a substantial margin to preserve shareholder returns even in a weaker commodity environment. From September 2025, Equinor will launch a dedicated power business area, consolidating assets from renewables and trading operations. This initiative aligns with a broader strategy to capture synergies in gas-to-power dynamics and streamline oversight of power market activities, particularly relevant as power systems increasingly integrate low-carbon and flexible sources. Although organic for now, this consolidation may serve as a foundation for future scale in dispatchable power or grid-adjacent services. Conclusion Equinor presents an attractive investment opportunity due to its strong operational efficiency, consistent financial performance and forward-looking strategic initiatives. The company has demonstrated its ability to generate shareholder value through disciplined capital management and a resilient business model that thrives even amid market volatility. With a solid position in the global energy market and an increasing focus on transitioning to low-carbon solutions, Equinor is well-positioned for sustainable long-term growth. However, EQNR's first-quarter 2025 results were negatively impacted by a major setback in its Empire Wind project, which was halted on April 16 by a U.S. Bureau of Ocean Energy Management stop-work order. Equinor disputes the legality of the order, asserting that all permits were properly secured after extensive regulatory review. With the project already 30% complete and a book value of $2.5 billion, the suspension exposes Equinor to up to $2 billion in risk, posing serious financial and strategic risks to its U.S. renewable energy ambitions. Hence, with a premium valuation, it is better to stay cautious about this Zacks Rank #3 (Hold) stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Equinor ASA (EQNR): Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL): Free Stock Analysis Report
Yahoo
06-06-2025
- Business
- Yahoo
Equinor and Centrica Ink $27 Billion Natural Gas Supply Deal for U.K.
Equinor ASA (NYSE:EQNR) has signed a new long-term deal with U.K. energy company Centrica, worth roughly £20 billion ($27.1 billion), to supply natural gas to the U.K. over the next decade. Starting October 1, the agreement is based on current market prices and will provide about 10% of the country's annual gas needs. Despite efforts to cut back on fossil fuels, around 70% of U.K. homes still rely on gas for heating, and gas power plants contribute roughly 25% of the nation's electricity. Under the agreement, Equinor ASA (NYSE:EQNR) will deliver about 5 billion cubic meters of gas per year, compared to the U.K.'s 2024 total demand of 55.8 billion cubic meters. Equinor ASA (NYSE:EQNR) Chief Executive Anders Opedal made the following statement: 'This agreement will continue to support the U.K.'s energy security with reliable gas supplies from the Norwegian continental shelf.' This deal replaces an earlier 10-year contract between the two companies that began in 2015 and ends in 2025. Last year, the U.K. imported nearly two-thirds of its gas supply, with Norway accounting for half of those imports, especially after Russian gas exports to Europe dropped following the 2022 invasion of Ukraine. EQNR has surged by over 4% in the past month. While we acknowledge the potential of EQNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
