Equinor ASA (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	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	104,383	106,462	103,774	107,174	150,806	90,924
Revenue Growth (YoY)	-3.85%	2.59%	-3.17%	-28.93%	65.86%	98.45%
Cost of Revenue	64,527	66,735	60,571	58,757	63,414	43,758
Gross Profit	39,856	39,727	43,203	48,417	87,392	47,166
Selling, General & Admin	1,194	1,207	1,255	1,218	986	780
Depreciation & Amortization Expenses	12,529	12,318	9,835	10,634	6,391	11,719
Exploration Expenses	874	849	1,185	795	1,205	1,004
Total Operating Expenses	14,597	14,374	12,275	12,647	8,582	13,503
Operating Income	25,259	25,353	30,928	35,770	78,810	33,663
Interest Income	1,209	1,175	1,951	2,449	1,222	38
Interest Expense	-1,544	-1,436	-1,582	-1,660	-1,379	-1,223
Other Non-Operating Income (Expense)	1,012	-3	-311	1,325	-50	-895
Total Non-Operating Income (Expense)	677	-264	58	2,114	-207	-2,080
Pretax Income	25,939	25,088	30,986	37,884	78,604	31,583
Provision for Income Taxes	20,406	20,030	22,157	25,980	49,861	23,007
Net Income	5,523	5,043	8,806	11,885	28,746	8,563
Minority Interest in Earnings	11	15	23	19	-3	14
Net Income to Common	5,523	5,043	8,806	11,885	28,746	8,563
Net Income Growth	-36.99%	-42.73%	-25.91%	-58.66%	235.70%	-
Shares Outstanding (Basic)	2,539	2,593	2,821	3,024	3,122	3,232
Shares Outstanding (Diluted)	2,546	2,601	2,827	3,024	3,122	3,232
Shares Change (YoY)	-8.19%	-7.99%	-6.52%	-3.13%	-3.41%	-0.43%
EPS (Basic)	2.18	1.94	3.12	3.93	9.21	2.65
EPS (Diluted)	2.18	1.94	3.11	3.93	9.21	2.65
EPS Growth	-31.01%	-37.62%	-20.87%	-57.32%	247.55%	-
Shares Outstanding	2,500	2,500	2,728	2,945	3,122	3,232
Free Cash Flow	2,060	5,977	7,288	18,682	26,378	20,776
Free Cash Flow Growth	-65.53%	-17.99%	-60.99%	-29.18%	26.96%	987.75%
Free Cash Flow Per Share	0.81	2.30	2.58	6.18	8.45	6.43
Dividends Per Share	1.520	1.500	1.420	-	0.900	0.710
Dividend Growth	1.33%	5.63%	-	-	26.76%	73.17%
Gross Margin	38.18%	37.32%	41.63%	45.18%	57.95%	51.87%
Operating Margin	24.20%	23.81%	29.80%	33.38%	52.26%	37.02%
Profit Margin	5.30%	4.75%	8.51%	11.11%	19.06%	9.43%
FCF Margin	1.97%	5.61%	7.02%	17.43%	17.49%	22.85%
EBITDA	37,952	37,826	40,834	46,351	85,543	45,382
EBITDA Margin	36.36%	35.53%	39.35%	43.25%	56.72%	49.91%
EBIT	25,259	25,353	30,928	35,770	78,810	33,663
EBIT Margin	24.20%	23.81%	29.80%	33.38%	52.26%	37.02%
Effective Tax Rate	78.67%	79.84%	71.51%	68.58%	63.43%	72.85%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q