{"success":true,"data":{"pressRelease":{"id":"182026","rtpr_id":"nGNE1pnCXl-20261028","ticker":"EQNR","exchange":"Oslo Børs","all_tickers":["EQNR"],"title":"REG-Equinor third quarter 2026 results","author":"Globe Newswire","published_at":"2026-10-28T05:45:00.061Z","article_body":"Equinor (OSE:EQNR, NYSE:EQNR) delivered an adjusted operating income* of USD\n12.35 billion in the third quarter of 2026. Equinor reported a net operating\nincome of USD 11.95 billion and a net income of USD 2.54 billion. Adjusted net\nincome* was USD 2.86 billion, leading to adjusted earnings per share* of USD\n1.20.\n\nDelivering on the strategy\n* Acquired gas-fired power plant in the US\n* Progressing Bay du Nord with new partner in October\n* Accessed attractive exploration acreage in Namibia, and established a\nstrategic exploration collaboration on the NCS\nStrong production, cash flow and financial results\n* Production growth of 2%\n* Increased 2026 production guiding to ~4%\n* Strong Marketing, Midstream and Processing results with record contribution\nfrom the Mongstad refinery\n* Cash flow from operations after taxes paid* of USD 8.1 billion\nCapital distribution\n* Third quarter cash dividend of USD 0.39 per share\n* Fourth tranche of the share buy-back of up to USD 1,125 million\n* Share buy-back of up to USD 3 billion for 2026\nAnders Opedal, President and CEO of Equinor ASA:\n\n“High production in the third quarter enabled us to capture additional value\nfrom higher prices. Based on safe and efficient operations we are increasing\nour 2026 guiding for oil and gas production growth from 3 to around 4 per\ncent.”\n\n“In a period of continued geopolitical tension, we remain committed to safe\nand reliable operations, supplying the products our customers need. At the\nMongstad refinery, our operational performance was strong and we achieved\nrecord results.”\n\n“We continue to deliver on our strategy by creating new opportunities for\nlong-term value. In the quarter, we have accessed new exploration acreage and\nacquired a stake in a gas-fired power plant in the US. We have also progressed\nthe Bay du Nord project in Canada with a new partner.”\n\nDelivering more energy\n\nEquinor delivered high production in the third quarter with a total equity\nproduction of 2,166 mboe per day. This is a 2% increase compared to the same\nquarter last year.\n\nProduction on the NCS remained high, and was stable compared to the third\nquarter in 2025. New fields, such as Halten East and Verdande, and\ncontribution from new wells offset natural decline and unplanned losses from\nJohan Castberg and Troll.\n\nProduction increased by 21% for the international oil and gas reporting\nsegment compared to the same quarter last year. Main drivers were the addition\nof production from Adura in the UK and Bacalhau in Brazil, as well as lower\nturnaround activity. This was partially offset by portfolio divestments and\nnatural decline.\n\nThe US production was lower than in the same quarter last year. Onshore\nproduction remained high, while planned downtime and natural decline offshore\nimpacted overall production levels.\n\nThe renewable power generation increased by 26% due to contributions from\nDogger Bank and a new onshore asset in Brazil. The total power generation was\n1.32 TWh. Lower gas-to-power generation from Triton resulted in a decrease in\ntotal power generation in the third quarter.\n\nGrowing cash flow with strong financial results\n\nEquinor delivered an adjusted operating income* of USD 12.35 billion and\nadjusted net income* was USD 2.86 billion in the third quarter. The results\nare primarily impacted by higher liquid prices and European gas prices. In\naddition, international liftings were lower than the company’s share of\nproduction, resulting in lower sales volumes.\n\nThe reported net operating income of USD 11.95 billion is up from USD 5.27\nbillion in the same quarter last year. The results were supported by higher\ncommodity prices and strong refining margins.\n\nEquinor realised a European gas price of USD 20.0 per mmbtu and a liquids\nprice of USD 92.3 per bbl in the third quarter.\n\nThe Marketing, Midstream and Processing results were strong, primarily driven\nby high refining margins and strong refining performance, as well as LNG\ntrading.\n\nAdjusted operating and administrative expenses* remained broadly stable\ncompared to the same quarter last year. Higher transportation costs and other\nvariable costs were offset by a lower impact of changes in decommissioning\nestimates for a US offshore asset.\n\nElevated commodity prices and high production generated cash flows provided by\noperating activities, before taxes paid and working capital items, of USD\n14.68 billion.\n\nIn the quarter, Equinor paid the two first NCS tax instalments for 2026\ntotalling USD 6.2 billion.\n\nCash flow from operations after taxes paid* ended at USD 8.14 billion.\n\nOrganic capital expenditure* was USD 3.28 billion and total capital\nexpenditures were USD 3.82 billion.\n\nThe net debt to capital employed adjusted ratio* was 3.8% at the end of the\nthird quarter, compared to 10.4% last quarter.\n\nExecuting on strategy\n\nOn the NCS, Equinor, Aker BP and Vår Energi established a new strategic\nexploration partnership to unlock greater value through closer collaboration.\nIn the quarter, Equinor also signed energy supply agreements with companies in\nPoland, the Netherlands and Germany.\n\nEquinor acquired bp’s interest in Bay du Nord in Canada in the quarter. In\nOctober, the company sold a 30% interest to Shell. The project maturation\ncontinues towards an investment decision.\n\nEquinor entered Namibia through an exploration licence interest and was\ninvolved in new discoveries in Angola.\n\nTo further build its integrated power business, Equinor acquired an interest\nin the gas-fired power plant Lackawanna in the US.\n\nEquinor had exploration activity on 13 wells in the quarter. Six wells were\ncompleted of which three were commercial. In addition a commercial discovery\nwas confirmed from one of the wells completed in the second quarter.\n\nCapital distribution\n\nThe board of directors has decided a cash dividend of USD 0.39 per share for\nthe third quarter of 2026. This is in line with the communication on 4\nFebruary 2026, when results for the fourth quarter of 2025 were announced.\n\nAt the Capital Markets Day on 16 June this year, Equinor announced an\nintention to increase the share buy-back programme for 2026 by USD 1.5\nbillion. This brings the total expected programme for 2026 to up to USD 3\nbillion. The board has decided to initiate a fourth and final tranche of the\nshare buy-back programme for 2026 of up to USD 1,125 million. The tranche will\ncommence on 29 October 2026 and end no later than 1 February 2027.\n\nThe third tranche of the share buy-back programme for 2026 was completed on 22\nOctober with a total value of USD 1,125 million.\n\nAll share buy-back amounts include shares to be redeemed by the Norwegian\nState.\n\n- - -\n\n*For items marked with an asterisk throughout this report, see Use and\nreconciliation of non-GAAP financial measures in the Supplementary\ndisclosures.\n\n- - -\n\nFurther information from:\n\nInvestor relations\nBård Glad Pedersen, Senior vice president Investor relations,\n+47 918 01 791 (mobile)\n\nPress\nSissel Rinde, Vice president Media relations,\n+47 412 60 584 (mobile)\n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act\n\nAttachments\n*     Equinor Financial Statements and Review Third Quarter 2026\n(https://ml-eu.globenewswire.com/Resource/Download/3819ba6e-cf11-4317-a65d-55305dc96cad)\n  \n*     CFO presentation Third quarter 2026 results\n(https://ml-eu.globenewswire.com/Resource/Download/93b2f951-8157-4f62-8c2f-1dbab958dc3b)","article_body_html":"","raw_payload":{"data":{"id":"nGNE1pnCXl-20261028","title":"REG-Equinor third quarter 2026 results","author":"Globe Newswire","ticker":"EQNR","created":"2026-10-28T05:45:00.061Z","tickers":["EQNR"],"exchange":"Oslo Børs","article_body":"Equinor (OSE:EQNR, NYSE:EQNR) delivered an adjusted operating income* of USD\n12.35 billion in the third quarter of 2026. Equinor reported a net operating\nincome of USD 11.95 billion and a net income of USD 2.54 billion. Adjusted net\nincome* was USD 2.86 billion, leading to adjusted earnings per share* of USD\n1.20.\n\nDelivering on the strategy\n* Acquired gas-fired power plant in the US\n* Progressing Bay du Nord with new partner in October\n* Accessed attractive exploration acreage in Namibia, and established a\nstrategic exploration collaboration on the NCS\nStrong production, cash flow and financial results\n* Production growth of 2%\n* Increased 2026 production guiding to ~4%\n* Strong Marketing, Midstream and Processing results with record contribution\nfrom the Mongstad refinery\n* Cash flow from operations after taxes paid* of USD 8.1 billion\nCapital distribution\n* Third quarter cash dividend of USD 0.39 per share\n* Fourth tranche of the share buy-back of up to USD 1,125 million\n* Share buy-back of up to USD 3 billion for 2026\nAnders Opedal, President and CEO of Equinor ASA:\n\n“High production in the third quarter enabled us to capture additional value\nfrom higher prices. Based on safe and efficient operations we are increasing\nour 2026 guiding for oil and gas production growth from 3 to around 4 per\ncent.”\n\n“In a period of continued geopolitical tension, we remain committed to safe\nand reliable operations, supplying the products our customers need. At the\nMongstad refinery, our operational performance was strong and we achieved\nrecord results.”\n\n“We continue to deliver on our strategy by creating new opportunities for\nlong-term value. In the quarter, we have accessed new exploration acreage and\nacquired a stake in a gas-fired power plant in the US. We have also progressed\nthe Bay du Nord project in Canada with a new partner.”\n\nDelivering more energy\n\nEquinor delivered high production in the third quarter with a total equity\nproduction of 2,166 mboe per day. This is a 2% increase compared to the same\nquarter last year.\n\nProduction on the NCS remained high, and was stable compared to the third\nquarter in 2025. New fields, such as Halten East and Verdande, and\ncontribution from new wells offset natural decline and unplanned losses from\nJohan Castberg and Troll.\n\nProduction increased by 21% for the international oil and gas reporting\nsegment compared to the same quarter last year. Main drivers were the addition\nof production from Adura in the UK and Bacalhau in Brazil, as well as lower\nturnaround activity. This was partially offset by portfolio divestments and\nnatural decline.\n\nThe US production was lower than in the same quarter last year. Onshore\nproduction remained high, while planned downtime and natural decline offshore\nimpacted overall production levels.\n\nThe renewable power generation increased by 26% due to contributions from\nDogger Bank and a new onshore asset in Brazil. The total power generation was\n1.32 TWh. Lower gas-to-power generation from Triton resulted in a decrease in\ntotal power generation in the third quarter.\n\nGrowing cash flow with strong financial results\n\nEquinor delivered an adjusted operating income* of USD 12.35 billion and\nadjusted net income* was USD 2.86 billion in the third quarter. The results\nare primarily impacted by higher liquid prices and European gas prices. In\naddition, international liftings were lower than the company’s share of\nproduction, resulting in lower sales volumes.\n\nThe reported net operating income of USD 11.95 billion is up from USD 5.27\nbillion in the same quarter last year. The results were supported by higher\ncommodity prices and strong refining margins.\n\nEquinor realised a European gas price of USD 20.0 per mmbtu and a liquids\nprice of USD 92.3 per bbl in the third quarter.\n\nThe Marketing, Midstream and Processing results were strong, primarily driven\nby high refining margins and strong refining performance, as well as LNG\ntrading.\n\nAdjusted operating and administrative expenses* remained broadly stable\ncompared to the same quarter last year. Higher transportation costs and other\nvariable costs were offset by a lower impact of changes in decommissioning\nestimates for a US offshore asset.\n\nElevated commodity prices and high production generated cash flows provided by\noperating activities, before taxes paid and working capital items, of USD\n14.68 billion.\n\nIn the quarter, Equinor paid the two first NCS tax instalments for 2026\ntotalling USD 6.2 billion.\n\nCash flow from operations after taxes paid* ended at USD 8.14 billion.\n\nOrganic capital expenditure* was USD 3.28 billion and total capital\nexpenditures were USD 3.82 billion.\n\nThe net debt to capital employed adjusted ratio* was 3.8% at the end of the\nthird quarter, compared to 10.4% last quarter.\n\nExecuting on strategy\n\nOn the NCS, Equinor, Aker BP and Vår Energi established a new strategic\nexploration partnership to unlock greater value through closer collaboration.\nIn the quarter, Equinor also signed energy supply agreements with companies in\nPoland, the Netherlands and Germany.\n\nEquinor acquired bp’s interest in Bay du Nord in Canada in the quarter. In\nOctober, the company sold a 30% interest to Shell. The project maturation\ncontinues towards an investment decision.\n\nEquinor entered Namibia through an exploration licence interest and was\ninvolved in new discoveries in Angola.\n\nTo further build its integrated power business, Equinor acquired an interest\nin the gas-fired power plant Lackawanna in the US.\n\nEquinor had exploration activity on 13 wells in the quarter. Six wells were\ncompleted of which three were commercial. In addition a commercial discovery\nwas confirmed from one of the wells completed in the second quarter.\n\nCapital distribution\n\nThe board of directors has decided a cash dividend of USD 0.39 per share for\nthe third quarter of 2026. This is in line with the communication on 4\nFebruary 2026, when results for the fourth quarter of 2025 were announced.\n\nAt the Capital Markets Day on 16 June this year, Equinor announced an\nintention to increase the share buy-back programme for 2026 by USD 1.5\nbillion. This brings the total expected programme for 2026 to up to USD 3\nbillion. The board has decided to initiate a fourth and final tranche of the\nshare buy-back programme for 2026 of up to USD 1,125 million. The tranche will\ncommence on 29 October 2026 and end no later than 1 February 2027.\n\nThe third tranche of the share buy-back programme for 2026 was completed on 22\nOctober with a total value of USD 1,125 million.\n\nAll share buy-back amounts include shares to be redeemed by the Norwegian\nState.\n\n- - -\n\n*For items marked with an asterisk throughout this report, see Use and\nreconciliation of non-GAAP financial measures in the Supplementary\ndisclosures.\n\n- - -\n\nFurther information from:\n\nInvestor relations\nBård Glad Pedersen, Senior vice president Investor relations,\n+47 918 01 791 (mobile)\n\nPress\nSissel Rinde, Vice president Media relations,\n+47 412 60 584 (mobile)\n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act\n\nAttachments\n*     Equinor Financial Statements and Review Third Quarter 2026\n(https://ml-eu.globenewswire.com/Resource/Download/3819ba6e-cf11-4317-a65d-55305dc96cad)\n  \n*     CFO presentation Third quarter 2026 results\n(https://ml-eu.globenewswire.com/Resource/Download/93b2f951-8157-4f62-8c2f-1dbab958dc3b)"},"type":"article","timestamp":"2026-10-28T05:45:00.27872434Z","server_sent_at_ms":1793166300278},"received_at":"2026-10-28T05:45:00.329Z","source_url":null},"analysis":{"id":"169824","press_release_id":"182026","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":[],"eventType":"earnings","narrative":"Equinor delivered Q3 2026 adjusted operating income of $12.35 billion, with net operating income of $11.95 billion more than double the $5.27 billion reported a year earlier, driven by higher liquids and European gas prices and record results at the Mongstad refinery.\n\nProduction rose 2% year-over-year to 2,166 mboe per day, and management raised 2026 production growth guidance from 3% to around 4%.\n\nCapital distribution continues: a $0.39 per share Q3 dividend plus a fourth $1.125 billion buyback tranche, bringing the 2026 buyback program to up to $3 billion.\n\nStrategically, Equinor acquired bp's Bay du Nord interest (then sold 30% to Shell), acquired the Lackawanna gas-fired power plant in the US, and entered exploration acreage in Namibia.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Beat-quality quarter: net operating income doubled YoY, production guidance raised to ~4%, and $3B buyback rolling on with strong balance sheet (3.8% net debt ratio)."},"keyFigures":{"eps":1.2,"guidance":"2026 oil and gas production growth raised from 3% to ~4%","customDimensions":{"net_income":2540000000,"total_capex":3820000000,"liquids_price":"$92.3 per bbl","organic_capex":3280000000,"cffo_after_taxes":8140000000,"equity_production":"2,166 mboe per day","dividend_per_share":0.39,"european_gas_price":"$20.0 per mmbtu","adjusted_net_income":2860000000,"buyback_2026_program":3000000000,"net_operating_income":11950000000,"production_growth_yoy":"2%","fourth_buyback_tranche":1125000000,"ncs_tax_instalments_paid":6200000000,"adjusted_operating_income":12350000000,"net_debt_to_capital_employed":"3.8% vs 10.4% last quarter","net_operating_income_prior_year":5270000000,"renewable_power_generation_growth":"26%"}},"quotedText":"High production in the third quarter enabled us to capture additional value from higher prices. Based on safe and efficient operations we are increasing our 2026 guiding for oil and gas production growth from 3 to around 4 per cent.","namedEntities":{"people":[{"name":"Anders Opedal","role":"President and CEO of Equinor ASA"},{"name":"Bård Glad Pedersen","role":"SVP Investor relations"},{"name":"Sissel Rinde","role":"VP Media relations"}],"products":["Bay du Nord","Lackawanna gas-fired power plant","Halten East","Verdande","Johan Castberg","Troll","Adura","Bacalhau","Dogger Bank","Mongstad refinery"],"companies":[{"name":"Equinor ASA","ticker":"EQNR","relationship":"filer"},{"name":"Aker BP","relationship":"exploration partnership partner"},{"name":"Vår Energi","relationship":"exploration partnership partner"},{"name":"bp","relationship":"divesting partner (Bay du Nord interest seller)"},{"name":"Shell","relationship":"buyer of 30% Bay du Nord stake"}],"dollarAmounts":[{"amount":"USD 12.35 billion","context":"Q3 2026 adjusted operating income"},{"amount":"USD 11.95 billion","context":"Q3 2026 net operating income"},{"amount":"USD 2.54 billion","context":"Q3 2026 net income"},{"amount":"USD 2.86 billion","context":"Q3 2026 adjusted net income"},{"amount":"USD 8.1 billion","context":"cash flow from operations after taxes paid"},{"amount":"USD 0.39 per share","context":"third quarter cash dividend"},{"amount":"USD 1,125 million","context":"fourth tranche of 2026 share buy-back"},{"amount":"USD 3 billion","context":"total 2026 share buy-back program"},{"amount":"USD 6.2 billion","context":"NCS tax instalments paid in the quarter"}]},"materialImpact":{"score":4,"reasoning":"Strong quarter: net operating income more than doubled YoY to $11.95B, 2026 production growth guidance raised from 3% to ~4%, and capital distribution continued with a $0.39 dividend and a fourth $1.125B buyback tranche within a $3B 2026 program. Not a >10% surprise vs consensus (none stated), but materially strong results and guidance."},"tickerRelevance":{"others":[{"ticker":"EQNR","relevance":"primary listing (OSE:EQNR, NYSE:EQNR)"}],"primary":"EQNR"},"globalImportance":55,"audienceRelevance":60,"eventTypeSecondary":["buyback","dividend","guidance_update"],"importanceComponents":{"tickerTier":"large-cap supermajor","eventGravity":"earnings-beat-plus-guidance-raise","sectorWeight":"energy macro-sensitive","householdBrandBoost":"major European energy brand"}},"event_type":"earnings","event_type_secondary":["buyback","dividend","guidance_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"Equinor delivered Q3 2026 adjusted operating income of $12.35 billion, with net operating income of $11.95 billion more than double the $5.27 billion reported a year earlier, driven by higher liquids and European gas prices and record results at the Mongstad refinery.\n\nProduction rose 2% year-over-year to 2,166 mboe per day, and management raised 2026 production growth guidance from 3% to around 4%.\n\nCapital distribution continues: a $0.39 per share Q3 dividend plus a fourth $1.125 billion buyback tranche, bringing the 2026 buyback program to up to $3 billion.\n\nStrategically, Equinor acquired bp's Bay du Nord interest (then sold 30% to Shell), acquired the Lackawanna gas-fired power plant in the US, and entered exploration acreage in Namibia.","key_figures":{"eps":1.2,"guidance":"2026 oil and gas production growth raised from 3% to ~4%","customDimensions":{"net_income":2540000000,"total_capex":3820000000,"liquids_price":"$92.3 per bbl","organic_capex":3280000000,"cffo_after_taxes":8140000000,"equity_production":"2,166 mboe per day","dividend_per_share":0.39,"european_gas_price":"$20.0 per mmbtu","adjusted_net_income":2860000000,"buyback_2026_program":3000000000,"net_operating_income":11950000000,"production_growth_yoy":"2%","fourth_buyback_tranche":1125000000,"ncs_tax_instalments_paid":6200000000,"adjusted_operating_income":12350000000,"net_debt_to_capital_employed":"3.8% vs 10.4% last quarter","net_operating_income_prior_year":5270000000,"renewable_power_generation_growth":"26%"}},"named_entities":{"people":[{"name":"Anders Opedal","role":"President and CEO of Equinor ASA"},{"name":"Bård Glad Pedersen","role":"SVP Investor relations"},{"name":"Sissel Rinde","role":"VP Media relations"}],"products":["Bay du Nord","Lackawanna gas-fired power plant","Halten East","Verdande","Johan Castberg","Troll","Adura","Bacalhau","Dogger Bank","Mongstad refinery"],"companies":[{"name":"Equinor ASA","ticker":"EQNR","relationship":"filer"},{"name":"Aker BP","relationship":"exploration partnership partner"},{"name":"Vår Energi","relationship":"exploration partnership partner"},{"name":"bp","relationship":"divesting partner (Bay du Nord interest seller)"},{"name":"Shell","relationship":"buyer of 30% Bay du Nord stake"}],"dollarAmounts":[{"amount":"USD 12.35 billion","context":"Q3 2026 adjusted operating income"},{"amount":"USD 11.95 billion","context":"Q3 2026 net operating income"},{"amount":"USD 2.54 billion","context":"Q3 2026 net income"},{"amount":"USD 2.86 billion","context":"Q3 2026 adjusted net income"},{"amount":"USD 8.1 billion","context":"cash flow from operations after taxes paid"},{"amount":"USD 0.39 per share","context":"third quarter cash dividend"},{"amount":"USD 1,125 million","context":"fourth tranche of 2026 share buy-back"},{"amount":"USD 3 billion","context":"total 2026 share buy-back program"},{"amount":"USD 6.2 billion","context":"NCS tax instalments paid in the quarter"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-28T05:45:11.721Z","global_importance":55,"audience_relevance":60,"importance_components":{"tickerTier":"large-cap supermajor","eventGravity":"earnings-beat-plus-guidance-raise","sectorWeight":"energy macro-sensitive","householdBrandBoost":"major European energy brand"}},"durationMs":9832,"modelName":"glm-5.3-flashx"}}