Movement Alert｜Equinor ASA Falls 3.12% in After-Hours Trading, Q3 EPS Miss Overshadows Higher Profit and Buyback

Market Focus10-29

On October 29, Equinor ASA fell 3.12% in After-Hours Trading, with shares at $47.66 and turnover of $1.0818 million.

The move followed the company’s latest quarterly results, where adjusted EPS rose to $1.20 from $0.37 a year earlier but missed market expectations of $1.30 to $1.39, while revenue of $32.94 billion was also slightly below some forecasts.

For the third quarter, net profit was $2.54 billion and equity production increased 2% year over year to 2.166 million barrels of oil equivalent per day, supported by output from Adura in the UK and Bacalhau in Brazil. Cash flow from operations after tax payments reached $8.14 billion, and adjusted net debt ratio improved to 3.8% from 10.4% in the prior quarter. The board also approved a $0.39 per share cash dividend and launched a fourth-quarter share buyback program of up to $1.125 billion, keeping the full-year repurchase target at the upper end of $3 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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