Equinor ASA (EQNR) Discusses Safe, Reliable Energy and Strategic Initiatives at Global Supplier Day Transcript
Equinor hopes to make a "pretty big" oil discovery in Namibia's PEL 90 exploration licence, the Norwegian company said on Tuesday.
Equinor's three-year ORLEN deal strengthens crude sales visibility and expands its energy footprint across Poland and Europe.
Norwegian oil firms Equinor and Aker BP have discovered gas in the so-called Linga prospect in the Balder field, the Norwegian offshore directorate said on Monday.
EQNR's $940M Lackawanna deal expands its power-market exposure, adds cash-flow potential and links its gas portfolio to PJM demand.
Equinor's 22.2% monthly rally rests on rebounding earnings, higher output and trading strength, but richer valuation and weaker 2027 estimates raise the stakes.
Equinor's Q2 earnings miss estimates, but revenues rise 40% as higher prices, production growth and strong trading lift results.
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.
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.
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.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Equinor (EQNR), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2026.