Equinor ASA (OSL:EQNR)

Equinor ASA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Jan 1, 2024	Dec 31, 2022	Dec 31, 2021
Operating Revenue	104,260	105,828	102,502	106,848	149,004	88,744
Other Revenue	-	-	-	-	-	1,921
Revenue	104,260	105,828	102,502	106,848	149,004	90,665
Revenue Growth (YoY)	-2.38%	3.25%	-4.07%	-28.29%	64.35%	98.11%
Cost of Revenue	64,528	66,735	60,571	58,757	63,414	43,758
Gross Profit	39,732	39,093	41,931	48,091	85,590	46,907
Selling, General & Admin	1,351	1,365	1,427	1,218	986	780
Other Operating Expenses	605	605	525	538	449	453
Operating Expenses	13,022	12,656	12,821	11,925	11,518	12,669
Operating Income	26,710	26,437	29,110	36,166	74,072	34,238
Interest Expense	-653	-545	-681	-1,122	-737	-769
Interest & Investment Income	1,005	971	1,746	2,449	1,222	151
Earnings From Equity Investments	-16	18	49	-1	620	259
Currency Exchange Gain (Loss)	78	-135	166	852	2,088	47
Other Non Operating Income (Expenses)	-161	470	328	677	-754	-707
EBT Excluding Unusual Items	26,963	27,216	30,718	39,021	76,511	33,219
Gain (Loss) on Sale of Investments	846	-112	-522	123	-394	-348
Gain (Loss) on Sale of Assets	465	465	941	-	-	-
Asset Writedown	-2,336	-2,481	-151	-1,260	2,487	-1,287
Pretax Income	25,938	25,088	30,986	37,884	78,604	31,584
Income Tax Expense	20,406	20,030	22,157	25,980	49,861	23,007
Earnings From Continuing Operations	5,532	5,058	8,829	11,904	28,743	8,577
Minority Interest in Earnings	-10	-15	-23	-19	3	-14
Net Income	5,522	5,043	8,806	11,885	28,746	8,563
Net Income to Common	5,522	5,043	8,806	11,885	28,746	8,563
Net Income Growth	-37.00%	-42.73%	-25.91%	-58.66%	235.70%	-
Shares Outstanding (Basic)	2,537	2,593	2,821	3,024	3,173	3,244
Shares Outstanding (Diluted)	2,546	2,601	2,827	3,024	3,183	3,256
Shares Change (YoY)	-8.18%	-7.99%	-6.52%	-5.00%	-2.23%	-0.40%
EPS (Basic)	2.18	1.94	3.12	3.93	9.06	2.64
EPS (Diluted)	2.17	1.94	3.11	3.93	9.03	2.63
EPS Growth	-30.95%	-37.62%	-20.87%	-56.48%	243.35%	-
Free Cash Flow	2,060	5,977	7,288	18,682	26,378	20,776
Free Cash Flow Per Share	0.81	2.30	2.58	6.18	8.29	6.38
Dividend Per Share	1.520	1.500	1.420	1.250	0.900	0.710
Dividend Growth	5.56%	5.63%	13.60%	38.89%	26.76%	73.17%
Gross Margin	38.11%	36.94%	40.91%	45.01%	57.44%	51.74%
Operating Margin	25.62%	24.98%	28.40%	33.85%	49.71%	37.76%
Profit Margin	5.30%	4.76%	8.59%	11.12%	19.29%	9.45%
Free Cash Flow Margin	1.98%	5.65%	7.11%	17.48%	17.70%	22.91%
EBITDA	35,949	35,311	37,760	45,487	83,292	44,845
EBITDA Margin	34.48%	33.37%	36.84%	42.57%	55.90%	49.46%
D&A For EBITDA	9,239	8,874	8,650	9,321	9,220	10,607
EBIT	26,710	26,437	29,110	36,166	74,072	34,238
EBIT Margin	25.62%	24.98%	28.40%	33.85%	49.71%	37.76%
Effective Tax Rate	78.67%	79.84%	71.51%	68.58%	63.43%	72.84%
Revenue as Reported	104,385	106,462	103,774	107,174	150,806	90,924

Source: S&P Global Market Intelligence. Standard template. Financial Sources.