Equinor ASA (EQNR) AI Stock Analysis

Equinor ASA is an energy company engaged in the exploration, production, transportation, refining, and marketing of petroleum and energy products across Norway and internationally. The company operates segments including Exploration & Production Norway, Exploration & Production International, Exploration & Production USA, Marketing, Midstream & Processing, Renewables, and Others. Along with developing conventional oil and gas resources, Equinor invests in wind power, carbon capture and storage projects, and low carbon solutions. It trades energy commodities like crude oil, natural gas liquids, condensates, and liquefied natural gas while operating refineries, processing plants, and power facilities.

Equinor generated $106.16B in revenue in FY2025, reflecting a 3.6% growth rate after falling 4.1% in FY2024 to $102.50B. The gross margin narrowed to 26.8% in FY2025 from 41.6% in FY2024, while net income totaled $5.06B with net margin at 4.8%. Over a 5-year period from FY2020 to FY2025, revenue posted a CAGR of 18.3%. In the latest quarter ended June 30, 2026, quarterly revenue growth accelerated to 37.4% year-over-year, and quarterly earnings grew by 298.0%. Trailing twelve months revenue reached $113.65B with an operating margin of 36.1% and diluted EPS of $3.66.

As of June 30, 2026, Equinor held $23.73B in cash and short-term investments against total debt of $32.42B, resulting in net debt of $8.69B. Shareholders' equity was $43.06B, with a debt-to-equity ratio of 0.75 and a current ratio of 1.18. In FY2025, operating cash flow reached $19.97B and free cash flow was $6.00B. Capital expenditures totaled $14.04B, while the company returned capital through $5.92B in share buybacks and $4.79B in dividends paid. Its share count fell 24.9% over 5 years.

Equinor trades at a trailing P/E of 12.8x and a forward P/E of 10.6x, compared to the median of its US-listed Energy peers of 15.0x and 12.7x, respectively. Its EV/EBITDA stands at 2.4x against the peer median of 8.0x, and its price-to-sales ratio is 1.0x versus 1.8x for peers. Over the past year, the stock returned 115.4%, outpacing the S&P 500 (SPY) return of 16.8%. Over 5 years, the stock returned 150.7% compared to 83.0% for the S&P 500.

Equinor pays an annual forward dividend of $1.56 per share, yielding 3.32% on a quarterly schedule. The dividend payout ratio is 36.9%. The company has paid consecutive dividends for 25 years, delivering an annualized 5-year dividend growth rate of 20.6%. Its last ex-dividend date is November 16, 2026.

Wall Street coverage includes 1 Strong Buy, 0 Buys, 4 Holds, and 2 Sells. The mean price target is $39.29, which sits 16.4% below the last close of $46.98. For the fiscal year ending December 31, 2026, consensus estimates point to EPS of $6.13, up 148.0%, on revenue of $131.64B. Over the last four quarters, Equinor delivered 2 EPS beats. The next earnings date is November 4, 2026.

This page is an AI-written research summary of Equinor ASA (EQNR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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