Quarterly ResultMay 6, 2026, 06:17 AM
Equinor Q1 Adjusted Operating Income $9.77B; Production Up 9%
AI Summary
Equinor delivered strong financial results in the first quarter of 2026, driven by record-high production and higher prices. The company reported an adjusted operating income of $9.77 billion and adjusted earnings per share of $1.48, with total equity oil and gas production increasing by 9% to 2,313 MBOE/D. Strategic milestones included seven new discoveries on the NCS and the start of drilling at the Raia gas field in Brazil. Equinor also announced a cash dividend of $0.39 per share and initiated a second tranche of its 2026 share buy-back program.
Key Highlights
- Equinor reported adjusted operating income of $9.77 billion, a 13% increase from Q1 2025.
- Adjusted earnings per share reached $1.48, significantly up from $0.66 in Q1 2025.
- Total equity oil & gas production hit a record 2,313 MBOE/D, up 9% year-over-year.
- The company announced a cash dividend of $0.39 per share for Q1 2026.
- A second tranche of the 2026 share buy-back program, up to $375 million, was initiated.
- Seven commercial oil and gas discoveries were made on the Norwegian continental shelf.
- Net debt to capital employed adjusted ratio improved to 15.3% from 17.8% last quarter.
- Renewable power generation increased by 29% to 0.98 TWh.