Oil and gas production growth is now guided at around 4% for 2026, Equinor says

Equinor ASA (EQNR) reported Q3 adjusted earnings before tax of $12.34B, up from $6.22B YoY, and raised its 2026 production growth forecast to 4%. The company announced a $1.13B share buyback and declared a $0.39 dividend per share, citing higher commodity prices and strong refining margins.

Equinor reported its highest quarterly profit in nearly four years, with adjusted earnings before tax rising to $12.4 billion, driven by surging oil and gas prices. The company raised its full-year output target to 4% growth and announced a $3 billion share buyback program. Shares are up 86% year-to-date, outperforming European energy stocks.

Equinor ASA reported a Q3 profit of $2.55B, reversing last year's $204M loss, driven by strong revenue growth. The company announced a $1.125B share buyback program, expected to start October 29. It also declared a $0.39 per share dividend. Equinor projects 4% production growth in 2026, with maintenance reducing output by 35 mboe per day.

Equinor reported a net income of $10.485B for the first nine months of 2026, an 180% increase from the same period last year. Net operating income rose 69.8% to $33.731B. CEO Anders Opedal cited higher production and prices, raising 2026 production growth guidance to around 4%. The company also expanded its portfolio with new projects in the US and Canada.

Equinor reported Q3 revenue of $33.19B, up 27.4% YoY but below estimates by $960M. Non-GAAP EPS was $1.20, missing forecasts by $0.15. Operating cash flow after taxes was $8.14B, with capex at $3.28B.

Equinor reported Q3 Non-GAAP EPS of $1.20, missing estimates by $0.15, and revenue of $33.19B, missing by $960M. Revenue grew 27.4% year-over-year. Cash flow from operations was $8.14B, with organic capital expenditure at $3.28B, according to the company.