Loading...
•
Mar 31, 2025
Equinor Q1 2025 Earnings Report
Equinor reported strong Q1 2025 results driven by higher gas prices and robust production.
Key Takeaways
Equinor delivered solid financial results in Q1 2025, with increased operating income and strong cash flow, supported by higher realized gas prices and the start-up of key fields in Norway.
Net income reached $2.63 billion with adjusted EPS of $0.66.
Revenue totaled $29.92 billion, driven by strong gas and crude sales.
Production start-up at Johan Castberg and Halten East contributed to operational growth.
Empire Wind 1 project faced an unexpected halt order from US authorities, creating uncertainty.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Equinor expects continued growth in oil & gas production and disciplined capital spending in 2025, though uncertainties remain due to geopolitical and regulatory risks.
Positive Outlook
- Organic capex estimated at $13 billion for 2025
- Production guidance points to 4% growth vs. 2024
- Robust financial position with net debt at 6.9%
- Strong cash flow outlook supported by high gas prices
- Capital distribution of up to $9 billion expected
Challenges Ahead
- Empire Wind 1 halted by US authorities, increasing project risk
- Geopolitical tensions and trade policy shifts could impact demand
- Higher maintenance activity to reduce output by 30 mboe/d
- Lower liquids prices and natural field decline impact revenue
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...