Equinor's 2026Q2 results demonstrate a powerful cyclical rebound, with revenue surging 37.4% year-over-year to $34.5B and gross margins expanding to 46.0%, driven by favorable European gas prices and lower unit costs. The company's fortress balance sheet, evid...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue rebounded 37.4% year-over-year to $34.5B in 2026Q2 with gross margin expanding to 46.0% from 35.7% a year earlier, though net margin remains suppressed at 14.0% due to Norway's 78% petroleum tax.
Equinor is a multinational energy company with operations in over 20 countries, leveraging its extensive international presence and expertise in petroleum and renewables.
EQNR's trailing P/E of 9.43 and forward P/E of 16.31 indicate attractive valuation metrics, potentially signaling undervaluation or growth opportunities.
Equinor is expanding its positions in renewables and low-carbon solutions, aligning with global energy transition trends and diversifying its revenue streams.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 22, 2026 | $1.33-4.3% vs $1.39 | $34.5B+1.5% vs $34.0B |
Q2 2026 May 6, 2026 | $1.48+46.5% vs $1.01 | $27.8B-3.1% vs $28.7B |
Q1 2026 Feb 4, 2026 | $0.81+35.0% vs $0.60 | $25.3B+14.7% vs $22.1B |
Q4 2025 Oct 29, 2025 | $0.37-35.1% vs $0.57 | $26.0B+21.8% vs $21.4B |
Please see below information about transactions made under the third tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
EQNR deepens its Asia LNG push with a long-term PTT Trading supply deal and targets an expansion of its global LNG portfolio by the early 2030s.
Vitesse Energy (NYSE: VTS - Get Free Report) and Equinor ASA (NYSE: EQNR - Get Free Report) are both energy companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, risk, profitability, institutional ownership, earnings, dividends and analyst recommendations. Dividends Vitesse Energy pays an annual dividend of
I screen U.S.-listed dividend growth stocks with 2–6% yields, strong revenue growth, and disciplined payout ratios, targeting undervalued opportunities. The final 8-stock portfolio spans Energy, Financials, Materials, Consumer Discretionary, Healthcare, and Industrials, with a weighted yield of 3.79% and 5-year dividend growth of 20.92% with a factor weight. Portfolio construction emphasizes forward P/E below 20, price to cash flow between 5x–10x, and mid/large caps with proven top-line expansion.
Benchmark EQNR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Equinor ASA (EQNR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $41.81 | $99.96B | 21.44 | 3.56% | 4.77% | 12.21% | 4.41% | |
| $43.10 | $112.54B | 2112.75 | 0.08% | 2.51% | 7.19% | — | |
| $93.93 | $261.89B | 15.66 | -6.13% | 8.76% | 14.64% | — | |
| $89.85 | $200.1B | 15.55 | -6.78% | 9.07% | 14.5% | — | |
| $53.26 | $77.16B | 29.77 | -7.48% | 6.42% | 10.08% | — | |
| $16.91 | $34.76B | 13.25 | -16.39% | 10.11% | 11.73% | — |
Equinor ASA (EQNR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Get notified when EQNR posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Equinor ASA (EQNR) stock FAQ — growth, dividends, profitability & financials explained
Equinor ASA (EQNR) reported $113.62B in revenue for fiscal year 2025. This represents a 717% increase from $13.90B in 1998.
Equinor ASA (EQNR) grew revenue by 3.6% over the past year. Growth has been modest.
Yes, Equinor ASA (EQNR) is profitable, generating $9.06B in net income for fiscal year 2025 (4.8% net margin).
Yes, Equinor ASA (EQNR) pays a dividend with a yield of 4.41%. This makes it attractive for income-focused investors.
Equinor ASA (EQNR) has a return on equity (ROE) of 12.2%. This is reasonable for most industries.
Equinor ASA (EQNR) generated $9.57B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
