Equinor Profit Beats Estimates as Oil Prices Support $1.5 Billion Buyback
Equinor reported first-quarter adjusted operating income after tax of $2.86 billion, beating the $2.64 billion analyst estimate, while total revenue of $27.84 billion missed the $28.81 billion forecast. Average production was 2.31 million barrels of oil equivalent a day, topping expectations, as record output and higher oil and gas prices linked to the Iran war lifted results.
The company left its 2026 production growth guidance unchanged and said its 2026 share buyback program is expected to total as much as $1.5 billion. Equinor will begin a second tranche of the repurchase plan worth up to $375 million, maintaining the pace of its quarterly buybacks.
From the sources (5 posts)
@firstsquawkEquinor’s 2026 share buyback programme is expected to reach up to $1.5 billion.
@firstsquawkEquinor Q1 2026 Earnings - Total Rev. $27.84B (est $28.81B) - Adj Oper Income After Tax $2.86B (est $2.64B) - Avg Production 2.31M BOE/D (est 2.24M) - 2026 Production Growth Guidance Unchanged - Expected 2026 Share Buy-Back Is Up To $1
@businessEquinor’s profit surpassed expectations in the first quarter, lifted by higher oil and gas prices caused by the Iran war
@wsjThe boost from record production and higher oil prices helped the Norwegian energy major maintain the pace of its quarterly share buyback.
@staunovoEquinor ASA’s profit surpassed expectations in the first quarter, lifted by higher oil and gas prices caused by the Iran war. Adjusted operating income after tax totaled $2.86 billion, exceeding the $2.6 billion average analyst estimate. E