

Equinor ASA is downgraded to Hold as its valuation now reflects fair value after a 61% return since the initial Buy rating. Q2 2026 results were robust, with $7.68 billion in quarterly cash flow from operations and reaffirmed CapEx and production growth guidance. EQNR is executing portfolio adjustments, increasing buybacks, and maintaining a strong balance sheet, but still faces macro uncertainty worth considering.

Equinor ASA (EQNR) Q2 2026 Earnings Call Transcript

The CEO of Europe's largest supplier of natural gas expects the region to fall short of its goal to fill gas storage sites to 80% of capacity before the winter, hampered by market tightness that has increased competition from buyers in Asia.

Equinor ASA NYSE: EQNR reported higher second-quarter earnings and production, with Chief Financial Officer Torgrim Reitan saying the company is executing in line with plans presented at its recent Capital Markets Day to grow energy output, cash flow and returns through 2030.

Second-quarter adjusted operating income jumped over 75% as the Norwegian energy major captured higher oil and gas prices triggered by the conflict in the Middle East.

Equinor on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies.

Key information relating to the cash dividend to be paid by Equinor ASA (OSE: EQNR, NYSE: EQNR) for second quarter 2026. Cash dividend amount: 0.39 Announced currency: USD Last day including rights: 12 November 2026 Ex-date Oslo Børs: 13 November 2026 Ex-date New York Stock Exchange: 16 November 2026 Record date: 16 November 2026 Payment date: 25 November 2026 Date of approval: 21 July 2026.

Equinor (OSE:EQNR, NYSE:EQNR) delivered an adjusted operating income* of USD 11.48 billion in the second quarter of 2026. Equinor reported a net operating income of USD 12.99 billion and a net income of USD 4.84 billion. Adjusted net income* was USD 3.22 billion, leading to adjusted earnings per share* of USD 1.33.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.