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EQEQNR

Equinor ASA

Strong FundamentalsStrong FundamentalsRevenue growing 37% YoY at strong marginsStreet coverage with positive forward estimatesConsistent chatter on X (132/wk), no spike
$EQNR·$96B·Oil & Gas Integrated·Energy
$40.35-1.6%YTD+69.2%1Y+57.1%
Mentions · last 7 days
2026-07-19: 10 posts2026-07-20: 4 posts2026-07-21: 12 posts2026-07-22: 54 posts2026-07-23: 29 posts2026-07-24: 19 posts2026-07-25: 3 posts132-17%
Price updated 2d ago·X counts updated 1d ago
EQEQNR
$EQNREquinor ASA
$40.35-1.56%132 posts-17%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $EQNR, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-07-25

The move is getting stronger, with heavier trading behind it.

Norwegian oil major with an 8.7B first-half FCF run-rate — an RBC double-upgrade and buybacks doing the work.

Equinor is Norway's state-controlled integrated oil-and-gas major (offshore Norway, plus international upstream and renewables). Up 69% year to date and 57% over 12 months at 85% of its 52-week range with earnings on November 4, this is a European integrated with a clean cash-return story that just got sell-side validation.

Why the setup has substance:

  • The recent print was elite: Q2 EBT rose on higher oil and gas prices tied to Middle East supply disruptions, with the stock up ~4.5% pre-market — and the H1 2026 free cash flow of $8.7B implies ~19% annualized yield, which is best-in-class for a European integrated.
  • The RBC upgrade is a double-notch move: going from Underperform to Sector Perform with a NOK 420 target (up from NOK 360) citing 'oil and gas market disruptions providing a material tailwind' is exactly the kind of sell-side capitulation that usually happens after a stock has already re-rated but before the multi-quarter earnings run.
  • The forward capital return is quantified: 150 kboe/d production growth with $40B+ cumulative FCF and $2-4B annual buybacks from 2027, plus 2026 buybacks raised to $3B and 5% annual dividend growth — that is a specific, sized capital-return commitment that puts a floor under the multiple.

The next real event is November 4, and between now and then the tape is driven by Brent, dividend/buyback execution, and any Norwegian Continental Shelf tax-regime updates. What continues the trend is a maintained $3B buyback pace plus firm Brent above $80; what breaks it is any specific NCS tax-regime update or a soft Q3 production number — either would puncture the current cash-return framing and cap the multiple expansion.

Agrees with X sentimentAgrees with the strongly bullish X read — the RBC upgrade, the H1 FCF trajectory, and the sized capital-return commitment are all substantive; the Middle East supply-disruption framing is the exogenous tailwind that supports the near-term earnings power.

What to watch: November 4 Q3 earnings and interim: Brent trajectory, buyback execution pace vs the $3B 2026 target, and any NCS tax-regime updates — an NCS tax update or soft Q3 production caps the multiple expansion.

On the calendar: 2026-11-04 — Q3 2026 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment7 posts analyzed · as of 2026-07-25

Equinor posted its best quarterly profit since early 2023 — Europe's largest gas supplier. 2026 Q2 update: 150 kboe/d production growth target, >$40B cumulative FCF, $2-4B annual buybacks from 2027, $8.7B Q2 revenue. RBC Capital upgraded to Sector Perform from Underperform with PT raised to NOK 420 from NOK 360 citing disruptions and pricing power. Some elite put print at $40 strike ($240K premium). Direction is decisively long the earnings and buyback story.

Read the AI verdict + X sentiment for $EQNR

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power. It is also involved in the marketing, trading, processing, and transportation of crude oil and condensate, natural gas, NGL and refined products, including refineries, terminals, and processing plant operation; power and emissions trading; development of transportation solutions for natural gas, liquids, and crude oil, including pipelines, shipping, trucking, and rail; and provision of low carbon solutions. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

Industry overviewAI analysisGenerated by AI from underlying data

Where Oil & Gas Integrated sits in its cycle right now — and what that implies for $EQNR.

Oil & Gas Integrated · Energy

No material change from last week — sanctions easing would add 1-2 mb/d of Iranian supply, pressuring Brent and compressing integrated margins.

Industry benchmark

11-name peer basket
+43.0%YTD
+53.5%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
11.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
8.3%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
29.6%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
9.6%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
21.6%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
35.9%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.8Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 22, 2026$1.33$1.39-4.3%
Q1 2026May 6, 2026$1.48$1.01+46.5%
Q4 2025Feb 4, 2026$0.81$0.60+35.0%
Q3 2025Oct 29, 2025$0.37$0.57-35.1%
Next earningsWed, Nov 4·consensus EPS $1.27

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$34.5B+37.4%46.0%37.3%$1.99$6.6B
Q1 FY26$27.8B-5.3%44.3%31.6%$1.24$2.1B
Q4 FY25$25.3B-4.8%25.1%24.0%$0.52$-2.1B
Q3 FY25$26.0B+2.4%33.8%20.3%$-0.08$2.9B

Forward consensus

5-year forecast · up to 12 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$118.5B$109.0B – $125.5B$5.14$4.18 – $5.936
FY27$105.4B$102.4B – $106.9B$3.92$3.48 – $4.739
FY28$100.8B$79.1B – $120.6B$3.64$2.77 – $4.5112
FY29$91.4B$79.8B – $102.2B$3.55$2.96 – $4.0911
FY30$91.7B$80.1B – $102.6B$3.76$3.14 – $4.346

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.4×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.85%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+12.2%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+30.7%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 586.0M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.9% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β-0.755-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

No material 8-K / SC 13D / S-3 / 424B5 filings in the last 180 days.

+ 58 other (55 6-Ks · 1 F-3ASR · 1 SD · 1 20-F) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

EQNR Q2 Earnings Miss Estimates, Revenues Rise Y/Y on Higher Outputzacks.com·3d agoEquinor ASA Q2 Earnings Call Highlightsdefenseworld.net·3d agoEquinor: Strategic Importance Isn't Enough At This Valuation (Downgrade)seekingalpha.com·5d agoEquinor ASA (EQNR) Q2 2026 Earnings Call Transcriptseekingalpha.com·5d agoEurope unlikely to reach 80% gas storage target, Equinor CEO saysreuters.com·5d ago

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Voices on X · top 7 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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