(EQNR) Equinor ASA - OL
Sector: Energy | Industry: Oil & Gas Integrated | Exchange: OL (Norway) | Market Cap: 811.214m NOK | Total Return: 18.7% in 12m
Avg Turnover: 1.16B
EPS Trend: -83.8%
Qual. Beats: 1
Rev. Trend: -53.9%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Equinor ASA is a Norway-based integrated energy company involved in the full lifecycle of hydrocarbon production, including exploration, field development, and the marketing of crude oil, natural gas, and refined products. Headquartered in Stavanger, the company operates across five primary segments and maintains a global footprint with specific divisions dedicated to its domestic Norwegian portfolio and international assets in the United States and elsewhere.
The business model is transitioning from a traditional oil and gas focus toward a diversified energy portfolio. This includes significant investments in offshore wind, solar power, and low-carbon solutions such as green hydrogen and carbon storage. As an integrated major, Equinor manages complex midstream infrastructure, including pipelines and processing plants, to facilitate the transport and trading of energy commodities.
In the integrated oil and gas sector, companies typically benefit from vertical integration, which allows them to capture margins across the entire value chain from extraction to retail. Equinor’s strategic shift reflects a broader industry trend where European energy majors are reallocating capital toward renewable energy assets to mitigate long-term regulatory and transition risks associated with fossil fuels.
- European natural gas prices drive Marketing, Midstream & Processing segment margins
- Norwegian Continental Shelf production volumes determine core cash flow stability
- Capital allocation shifts toward offshore wind and low-carbon energy projects
- Brent crude price fluctuations impact Exploration & Production segment revenue
| Net Income: 5.52b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -3.91 > 1.0 |
| NWC/Revenue: 8.50% < 20% (prev 11.93%; Δ -3.43% < -1%) |
| CFO/TA 0.39 > 3% & CFO 54.6b > Net Income 5.52b |
| Net Debt (-1.73b) to EBITDA (38.0b): -0.05 < 3 |
| Current Ratio: 1.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.49b) vs 12m ago -7.93% < -2% |
| Gross Margin: 47.05% > 18% (prev 45.48%; Δ 1.57% > 0.5%) |
| Asset Turnover: 74.72% > 50% (prev 77.45%; Δ -2.72% > 0%) |
| Interest Coverage Ratio: 53.79 > 6 (EBIT TTM 25.3b / Interest Expense TTM 470.0m) |
| A: 0.06 (Total Current Assets 45.9b - Total Current Liabilities 37.0b) / Total Assets 141b |
| B: 0.36 (Retained Earnings 51.0b / Total Assets 141b) |
| C: 0.18 (EBIT TTM 25.3b / Avg Total Assets 140b) |
| D: 0.45 (Book Value of Equity 43.6b / Total Liabilities 97.5b) |
| Altman-Z'' = 3.28 = A |
| DSRI: 1.04 (Receivables 12.9b/12.7b, Revenue 104b/107b) |
| GMI: 0.97 (GM 45.48% / 47.05%) |
| AQI: 1.03 (AQ_t 0.23 / AQ_t-1 0.22) |
| SGI: 0.98 (Revenue 104b / 107b) |
| TATA: -0.35 (NI 5.52b - CFO 54.6b) / TA 141b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at NOK 316.40 with a total of 7,718,186 shares traded.
Over the past week, the price has changed by -14.51%,
over one month by -14.47%,
over three months by -12.13% and
over the past year by +18.70%.
Equinor ASA has no consensus analysts rating.
Market Cap USD = 85.3b (811b NOK * 0.1052 NOK.USD)
P/E Trailing = 15.5021
P/E Forward = 7.4906
P/S = 7.7807
P/B = 1.4996
P/EG = 0.7892
Revenue TTM = 104b USD
EBIT TTM = 25.3b USD
EBITDA TTM = 38.0b USD
Long Term Debt = 22.2b USD (from longTermDebt, last quarter)
Short Term Debt = 5.54b USD (from shortLongTermDebt, last quarter)
Debt = 4.15b USD (Leases only: 4.15b)
Net Debt = -1.73b USD (calculated: Debt 4.15b - CCE 5.88b)
Enterprise Value = 83.6b USD (85.3b + Debt 4.15b - CCE 5.88b)
Interest Coverage Ratio = 53.79 (Ebit TTM 25.3b / Interest Expense TTM 470.0m)
EV/FCF = 40.61x (Enterprise Value 83.6b / FCF TTM 2.06b)
FCF Yield = 2.46% (FCF TTM 2.06b / Enterprise Value 83.6b)
FCF Margin = 1.97% (FCF TTM 2.06b / Revenue TTM 104b)
Net Margin = 5.30% (Net Income TTM 5.52b / Revenue TTM 104b)
Gross Margin = 47.05% ((Revenue TTM 104b - Cost of Revenue TTM 55.2b) / Revenue TTM)
Gross Margin QoQ = 44.33% (prev 48.36%)
Tobins Q-Ratio = 0.59 (Enterprise Value 83.6b / Total Assets 141b)
Interest Expense / Debt = 11.32% (Interest Expense 470.0m / Debt 4.15b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 20.0b (EBIT 25.3b * (1 - 21.00%))
Current Ratio = 1.24 (Total Current Assets 45.9b / Total Current Liabilities 37.0b)
Debt / Equity = 0.10 (Debt 4.15b / totalStockholderEquity, last quarter 43.6b)
Debt / EBITDA = -0.05 (Net Debt -1.73b / EBITDA 38.0b)
Debt / FCF = -0.84 (Net Debt -1.73b / FCF TTM 2.06b)
Total Stockholder Equity = 41.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.96% (Net Income 5.52b / Total Assets 141b)
RoE = 13.27% (Net Income TTM 5.52b / Total Stockholder Equity 41.6b)
RoCE = 39.64% (EBIT 25.3b / Capital Employed (Equity 41.6b + L.T.Debt 22.2b))
RoIC = 19.85% (NOPAT 20.0b / Invested Capital 101b)
WACC = 4.88% (E(85.3b)/V(89.5b) * Re(4.68%) + D(4.15b)/V(89.5b) * Rd(11.32%) * (1-Tc(0.21)))
Discount Rate = 4.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -6.22%
[DCF] Terminal Value 73.10% ; FCFF base≈4.20b ; Y1≈3.68b ; Y5≈2.98b
[DCF] Fair Price = 19.87 (EV 47.8b - Net Debt -1.73b = Equity 49.5b / Shares 2.49b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -83.76 | EPS CAGR: -22.11% | SUE: 3.54 | # QB: 1
Revenue Correlation: -53.91 | Revenue CAGR: -3.57% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.26 | Chg30d=-1.53% | Revisions=+25% | Analysts=5
EPS next Quarter (2026-09-30): EPS=1.17 | Chg30d=-1.96% | Revisions=+43% | Analysts=5
EPS current Year (2026-12-31): EPS=4.93 | Chg30d=-0.44% | Revisions=+43% | GrowthEPS=+154.0% | GrowthRev=+16.0%
EPS next Year (2027-12-31): EPS=3.92 | Chg30d=+0.22% | Revisions=+45% | GrowthEPS=-21.0% | GrowthRev=-9.1%
[Analyst] Revisions Ratio: +45%