Also trades as: EQNR (NYSE) · $vol 151M · EQNR.OL (OSL) · $vol 120M

$43.15

+0.50 (+1.17%)

Weekly Expected Move ±4.1%

$40 $41 $43 $45 $47

OTC · Energy · Oil & Gas Integrated · Tech Score Neutral · Power 56 · $103.2B mcap · 516M float · 0.0071% daily turnover · Short 56% of daily vol

Revenue

$108.9B +6.3% ▲

5Y CAGR: +18.9%

Gross Profit

$29.2B -31.4% ▼

5Y CAGR: +25.1%

Operating Income

$28.0B -8.4% ▼

Net Income

$5.2B -41.1% ▼

EPS (Diluted)

$2.00 -35.7% ▼

EBITDA

$37.4B -10.8% ▼

5Y CAGR: +25.6%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$88.7B	$149.0B	$106.8B	$102.5B	$108.9B
YoY Growth	+94.0%	+67.9%	-28.3%	-4.1%	+6.3%
Cost of Revenue	$46.9B	$60.2B	$58.8B	$59.9B	$79.7B
Gross Profit	$41.9B	$88.8B	$48.1B	$42.6B	$29.2B
Gross Margin	47.2%	59.6%	45.0%	41.6%	26.8%
R&D Expenses	$291M	$308M	$311M	$348M	$0
SG&A Expenses	$780M	$986M	$2.2B	$1.3B	$1.2B
Operating Expenses	$8.9B	$10.6B	$12.3B	$12.0B	$1.2B
Operating Income	$33.7B	$78.8B	$35.8B	$30.6B	$28.0B
Operating Margin	37.9%	52.9%	33.5%	29.8%	25.7%
Interest Expense	$769M	$1.4B	$1.1B	$1.1B	$1.5B
Income Before Tax	$31.6B	$78.6B	$37.9B	$31.0B	$25.8B
Tax Expense	$23.0B	$49.9B	$26.0B	$22.2B	$20.6B
Net Income	$8.6B	$28.7B	$11.9B	$8.8B	$5.2B
Net Margin	9.6%	19.3%	11.1%	8.6%	4.8%
EPS (Diluted)	$2.63	$9.03	$3.93	$3.11	$2.00
EBITDA	$44.1B	$85.9B	$49.6B	$41.9B	$37.4B
Shares Outstanding	3.25B	3.18B	3.03B	2.83B	2.60B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$25.4B	$26.5B	$29.4B	$25.1B	$26.0B	$25.3B	$27.8B	$34.5B
Cost of Revenue	$15.4B	$15.7B	$17.8B	$16.2B	$17.2B	$16.4B	$15.5B	$18.7B
Gross Profit	$10.0B	$10.8B	$11.6B	$9.0B	$8.8B	-$162M	$12.3B	$15.9B
Gross Margin	39.3%	40.9%	39.6%	35.7%	33.8%	-0.6%	44.3%	46.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$304M	$261M	$323M	$329M	$258M	$298M	$309M	$273M
Operating Expenses	$3.1B	$2.1B	$2.8B	$3.2B	$3.5B	$4.1B	$3.5B	$3.0B
Operating Income	$6.9B	$8.7B	$8.9B	$5.7B	$5.3B	$4.9B	$8.8B	$12.9B
Operating Margin	27.2%	32.9%	30.2%	22.8%	20.3%	19.3%	31.6%	37.3%
Interest Expense	$370M	-$124M	$325M	$351M	$366M	$436M	$433M	$435M
Income Before Tax	$7.3B	$8.2B	$8.9B	$5.8B	$4.7B	$5.8B	$9.7B	$13.0B
Tax Expense	$5.0B	$6.2B	$6.3B	$4.4B	$4.9B	$4.5B	$6.6B	$8.2B
Net Income	$2.3B	$2.0B	$2.6B	$1.3B	-$210M	$1.3B	$3.1B	$4.8B
Net Margin	9.0%	7.5%	8.9%	5.2%	-0.8%	5.2%	11.2%	14.0%
EPS (Diluted)	$0.82	$0.73	$0.96	$0.50	$-0.08	$0.52	$1.24	$1.99
EBITDA	$10.0B	$10.9B	$11.5B	$9.5B	$8.4B	$7.9B	$12.7B	$16.2B
Shares Outstanding	2.77B	2.75B	2.75B	2.63B	2.63B	2.52B	2.50B	2.44B

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