Equinor ASA (EQNR) quarterly cash flow statement — complete operating, investing & financing history
Equinor ASA (EQNR) cash flow statement — 28-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 9.47B | 5.21B | 2.09B | 6.35B | 2.55B | 9.04B | 2.42B | 7.05B | 1.81B | 9.02B | 2.74B | 5.24B | 1.86B | 14.87B | 4.27B | 6.58B | 8.52B | 15.77B | 8.15B | 8.04B |
| Operating CF Margin % | 27.43% | 18.74% | 8.27% | 24.4% | 10.16% | 30.77% | 9.12% | 27.75% | 7.11% | 35.96% | 9.49% | 20.2% | 8.12% | 50.91% | 12.61% | 15.4% | 23.41% | 43.75% | 25.37% | 34.78% |
| Operating CF Growth % | 270.74% | -42.34% | -13.71% | -9.98% | 41.05% | 0.22% | -11.51% | 34.69% | -2.48% | -39.34% | -35.88% | -20.4% | -78.2% | -5.71% | -47.65% | -18.17% | 28.26% | 163.55% | 247.89% | 205.43% |
| Net Income | 13.03B | 9.74B | 1.31B | -210.85M | 1.32B | 8.89B | 2B | 2.29B | 7.53B | 8B | 2.6B | 2.5B | 7.37B | 13.71B | 14.47B | 9.38B | 6.76B | 4.71B | 3.37B | 1.41B |
| Depreciation & Amortization | 2.72B | 2.53B | 2.66B | 2.54B | 2.48B | 2.31B | 2.61B | 2.43B | 2.35B | 2.43B | 2.55B | 2.48B | 2.24B | 2.2B | 1.18B | 2.12B | 2.24B | 3.16B | 2.99B | 2.65B |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300K | 0 | 0 | 0 | 200K | 0 | 0 | 0 | 100K | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -8.07B | -6.25B | -666.98M | 3.01B | -1.8B | -2.16B | -701M | 1.53B | -7.04B | -4.58B | -2.36B | 2.62B | -9.97B | -6.19B | -8.85B | -3.98B | 686M | 7.88B | 4.98B | 5.25B |
| Working Capital Changes | 1.79B | -806M | -1.21B | 1.01B | 554.69M | 0 | -1.49B | 810M | -1.02B | 3.18B | -51M | -2.36B | 2.21B | 5.16B | -2.53B | -946M | -1.16B | 23M | -3.18B | -1.26B |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -3.44B | -2.53B | -3.73B | -2.74B | 858.94M | -4.02B | -195M | -1.8B | 633M | -2.17B | -5.57B | -5.64B | 6.91B | -8.1B | -9.69B | 1.86B | -3.57B | -4.46B | -8.2B | -1.81B |
| Capital Expenditures | -2.87B | -3.15B | -4.15B | -3.42B | -3.44B | -3.03B | -3.65B | -3.1B | -2.95B | -2.48B | -3.03B | -2.65B | -2.84B | -2.3B | -2.38B | -2.05B | -1.71B | -2.18B | -2.34B | -1.96B |
| CapEx % of Revenue | 8.32% | 11.33% | 16.41% | 13.15% | 13.71% | 10.3% | 13.74% | 12.19% | 11.59% | 9.9% | 10.51% | 10.23% | 12.43% | 7.88% | 7.02% | 4.81% | 4.71% | 6.05% | 7.27% | 8.5% |
| Acquisitions | 558M | 89.01M | 2.04B | -918K | 343.67M | -26M | -1.24B | 5M | -417M | 0 | -40M | -100M | -803M | 47M | 333M | -21M | 168M | 140M | 111M | -47M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.13B | -15.42M | -12.2M | 171.86M | 2.79B | -963M | 4.69B | -64M | 4B | 311M | -2.5B | -2.88B | 10.55B | -5.8B | -7.31B | 3.93B | -2.02B | -1M | -5.97B | 156M |
| Cash from Financing | -3.9B | -1.82B | -1.43B | -4.99B | -1.51B | -3.63B | -1.8B | -6B | -3.31B | -6.63B | -2.17B | -4.67B | -6.34B | -4.96B | -3.19B | -3.87B | -4.21B | -4.14B | 357M | -2.09B |
| Debt Issued (Net) | -2.85B | -624M | -126M | 666M | -190M | -1.17B | 613M | 878M | -846M | -3.43B | -760M | -336M | 465M | -1.64B | -384M | -341M | -344M | -2.8B | -1.57B | -309M |
| Equity Issued (Net) | -83M | -271M | -389M | -4.73B | -271.47M | -549M | -501M | -4.56B | -398M | -550M | -518M | -531M | -4.08B | -461M | -577M | -2B | -304M | -439M | -222M | -99M |
| Dividends Paid | -971M | -920M | -918M | -935.36M | -1.04B | -1.91B | -1.91B | -1.94B | -2.07B | -2.65B | -2.71B | -2.61B | -2.73B | -2.86B | -2.23B | -1.26B | -1.31B | -582M | -565M | -488M |
| Share Repurchases | -83M | -271M | -389M | -4.73B | -271.47M | -549M | -502M | -4.56B | -398M | -550M | -518M | -531M | -4.08B | -461M | -577M | -2B | -304M | -439M | -222M | -99M |
| Other Financing | 0 | -1M | -1M | 7.08M | -9.13M | 0 | -2M | -366M | 1M | 1M | 1.81B | -1.2B | 1M | -1M | -1M | -278M | -2.25B | -317M | 2.71B | -1.19B |
| Net Change in Cash | 2.14B | 884M | -3.08B | -1.36B | 2.1B | 1.47B | 118M | -643.78M | -841M | 41M | -4.78B | -5.23B | 2.27B | 1.8B | -7.77B | 2.79B | -320M | 6.76B | 202M | 3.88B |
| Free Cash Flow | 6.6B | 2.1B | -2.06B | 2.93B | -889.81M | 6.01B | -1.23B | 3.95B | -1.14B | 6.54B | -294M | 2.58B | -985M | 12.57B | 1.89B | 4.53B | 6.81B | 13.59B | 5.81B | 6.08B |
| FCF Margin % | 19.11% | 7.54% | -8.14% | 11.25% | -3.54% | 20.47% | -4.62% | 15.56% | -4.47% | 26.06% | -1.02% | 9.97% | -4.31% | 43.02% | 5.59% | 10.59% | 18.71% | 37.69% | 18.1% | 26.29% |
| FCF Growth % | 841.51% | -65.13% | -67.9% | -25.95% | 21.88% | -8.01% | -316.67% | 53.03% | -15.63% | -47.98% | -115.55% | -42.9% | -114.47% | -7.51% | -67.48% | -25.51% | 39.03% | 254.53% | 3711.18% | 568.32% |
| FCF per Share | 2.71 | 0.84 | -0.82 | 1.11 | -0.34 | 2.13 | -0.45 | 1.43 | -0.40 | 2.22 | -0.10 | 0.87 | -0.32 | 4.02 | 0.60 | 1.43 | 2.13 | 4.20 | 1.79 | 1.87 |
| FCF Conversion (FCF/Net Income) | 1.95x | 1.68x | 1.59x | -30.23x | 1.95x | 3.44x | 1.21x | 3.09x | 0.97x | 3.38x | 1.05x | 2.10x | 1.02x | 3.00x | 0.54x | 0.70x | 1.26x | 3.35x | 2.42x | 5.72x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 274M | 0 | 0 | 0 | 302M | 186M | 0 | 0 | 0 | 138M | 233M | 0 | 212M | 146M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |