EQNR
Equinor ASA22.41
-0.47-2.05%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Sverdrup decline, CapEx cuts detailed
Q&A detailed Johan Sverdrup's 2026 production decline over 10% but under 20%, offset by ramps elsewhere for 3% overall growth. CapEx cuts traced to stalled hydrogen/CCS and onshore renewables, with no 2028 guidance yet but oil/gas steady. Management revealed NCS reorganization for faster small-field tie-ins, targeting 200-300% efficiency gains. Empire Wind execution holds firm despite stop-work orders and tariff risks; political lessons noted. OpEx/SG&A falls 10%, flat underlying post-divestments. Analysts' growth and risk probes drew direct, disciplined replies. Q&A reaffirms oil/gas priority. No walk-backs.
Key Stats
Market Cap
56.22BP/E (TTM)
10.47Basic EPS (TTM)
2.14Dividend Yield
0.06%