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Equinor ASA: Minutes from the annual general meeting 2025
Globenewswire· 2025-05-14 18:33
On 14 May 2025, the annual general meeting in Equinor ASA (OSE: EQNR, NYSE: EQNR) approved the annual report and accounts for Equinor ASA and the Equinor group for 2024, as proposed by the board of directors. Further, the annual general meeting approved a cash dividend of US dollar (USD) 0.37 per share to be distributed for the fourth quarter of 2024. The fourth quarter 2024 dividend accrues to the shareholders as registered in Equinor's shareholder register with the Norwegian Central Securities Depository ...
Equinor: Stability For A Critical Commodity
Seeking Alpha· 2025-05-12 09:34
Company Overview - Equinor is a multinational oil company valued at over $60 billion, known for its reliable and diversified renewables portfolio alongside strong core operations in a geopolitically unstable environment [2]. Investment Strategy - The Value Portfolio focuses on building retirement portfolios through a fact-based research strategy, which includes thorough analysis of 10Ks, analyst commentary, market reports, and investor presentations [2].
Equinor Offloads Brazil's Peregrino Oil Field to PRIO for $3.5B
ZACKS· 2025-05-05 12:20
Equinor ASA (EQNR) , the Norwegian energy major, has signed a significant agreement to sell its 60% operated interest in Brazil's Peregrino oil field to PRIO Tigris Ltda., a subsidiary of Brazilian oil firm PRIO SA. The transaction, valued at up to $3.5 billion, marks a strategic move for Equinor as it repositions its portfolio in Brazil.Under the deal, PRIO will pay $3.35 billion to Equinor, along with a potential interest payment of up to $150 million. The final amount will be adjusted to reflect changes ...
Equinor sells the Peregrino field for USD 3.5 billion
Globenewswire· 2025-05-02 00:29
Core Insights - Equinor Brasil Energia Ltda. has agreed to sell its 60% operated interest in the Peregrino field to PRIO Tigris Ltda. for a total consideration of USD 3.35 billion, plus a maximum of USD 150 million in interest [1][8] - The transaction is structured in two parts: USD 2.233 billion for the acquisition of 40% and operatorship, and USD 951 million for the remaining 20%, with additional contingent payments [8] Company Strategy - The sale is part of Equinor's strategy to optimize its international portfolio through asset divestments and acquisitions, while still maintaining a strong presence in Brazil [4] - Equinor aims to increase its equity production in Brazil to nearly 200,000 barrels per day by 2030 through ongoing projects like Bacalhau and Raia gas [3] Operational Details - Equinor has operated the Peregrino field since 2009, producing approximately 300 million barrels of oil, with current production at around 55,000 barrels per day [5] - PRIO will take over operations after the transaction closes, with Equinor managing the field until that point [2][6] Future Outlook - Equinor continues to focus on its projects in Brazil, including the Bacalhau field and the Serra da Babilonia renewable hybrid project, indicating a commitment to growth in the region [7]
Equinor Misses Q1 Earnings Estimates, Expects '25 Output to Grow 4%
ZACKS· 2025-05-01 17:15
Core Viewpoint - Equinor ASA reported weaker-than-expected earnings for Q1 2025, with adjusted EPS of 66 cents, missing the consensus estimate of 83 cents, and a 32% decline from the previous year's 96 cents. However, total revenues increased to $29.92 billion from $25.14 billion year-over-year, surpassing the consensus estimate of $28.21 billion. The decline in earnings was attributed to lower production and weaker commodity prices [1]. Segmental Analysis - **E&P Norway**: Adjusted earnings rose to $7,453 million, a 29.5% increase from $5,756 million in the prior-year quarter, driven by higher gas prices despite lower production volumes [2]. - **E&P International**: Adjusted operating profit decreased to $531 million from $616 million year-over-year, impacted by lower liquid prices [4]. - **E&P USA**: Adjusted profit increased to $511 million, up 35.5% from $377 million in Q1 2024, supported by elevated gas prices and increased gas production [6]. - **Marketing, Midstream & Processing**: Adjusted earnings fell to $253 million, a significant drop of 71.5% from $887 million a year ago [7]. - **Renewables**: Reported an adjusted loss of $48 million, an improvement from a loss of $70 million in the previous year, due to reduced operating and administrative costs [8]. Production and Cash Flow - Average daily production of liquids and gas decreased by 5% to 1,390 thousand barrels of oil equivalent per day (MBoe/d) from 1,462 MBoe/d in the prior-year quarter, due to natural depletion and maintenance activities [3]. - Average daily equity production declined by 12.2% to 309 MBoe/d from 352 MBoe/d, affected by natural declines and asset divestments, although partially offset by new wells [5]. - Equinor generated a net cash flow of $2,086 million in the March-end quarter, compared to a free cash flow of $125 million in the year-ago period [9]. Financial Position - As of March 31, 2025, Equinor reported cash and cash equivalents of $7,370 million and long-term debt of $22,737 million [10]. Outlook - For 2025, Equinor anticipates a 4% year-over-year growth in oil and gas production and has set an organic capital spending budget of $13 billion. The company aims to keep unit production costs within the top 25% of its peer group, with planned maintenance expected to reduce equity production by approximately 30 thousand barrels of oil equivalent per day throughout the year [11].
Equinor(EQNR) - 2025 Q1 - Quarterly Report
2025-04-30 11:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2025 Commission File Number 1-15200 Equinor ASA (Translation of registrant's name into English) FORUSBEEN 50NO-4035 , STAVANGER, Norway (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20- ...
Equinor to commence second tranche of the 2025 share buy-back programme
Globenewswire· 2025-04-30 04:48
Core Viewpoint - Equinor is set to commence the second tranche of its share buy-back program for 2025, amounting to up to USD 1,265 million, following the annual general meeting on May 14, 2025 [1][2][3] Group 1: Share Buy-Back Program Details - The second tranche will involve purchasing shares worth up to USD 417.5 million in the market, contributing to the total of USD 1,265 million, which includes shares to be redeemed from the Norwegian State [2][3] - The share buy-back program for 2025 is part of a larger initiative announced in February 2025, with a total budget of up to USD 5 billion for the two-year period of 2024-2025 [3][5] - The execution of the second tranche is contingent upon board authorization and an agreement with the Norwegian State regarding the share buy-back [1][4][7] Group 2: Execution and Regulations - The maximum number of shares that can be purchased in the second tranche is 84 million, with a minimum price of NOK 50 and a maximum price of NOK 1,000 per share [6] - Shares will be purchased on the Oslo Stock Exchange and potentially other trading venues within the EEA, adhering to applicable regulations [8] - The board will propose to cancel the shares purchased in this tranche at the annual general meeting in May 2026, along with a proportionate number of shares from the Norwegian State [9]
Equinor ASA: Key information relating to cash dividend for first quarter 2025
Globenewswire· 2025-04-30 04:47
Group 1 - The cash dividend amount for Equinor is set at 0.37 USD per share [3] - The last day to include rights for the dividend is 15 August 2025 [3] - The ex-date for Oslo Børs is 18 August 2025, and for the New York Stock Exchange, it is 19 August 2025 [3] - The record date for the dividend is 19 August 2025 [3] - The payment date for the dividend is scheduled for 29 August 2025 [3] - The date of approval for the dividend is 29 April 2025 [3] Group 2 - The cash dividend per share in NOK will be communicated on 25 August 2025 [2] - This information is published in accordance with the Continuing Obligations and the Norwegian Securities Trading Act [2]
Equinor first quarter 2025 results
Globenewswire· 2025-04-30 04:45
Core Insights - Equinor reported strong financial results for Q1 2025, with adjusted operating income of USD 8.65 billion and net income of USD 2.63 billion, driven by solid gas production and higher gas prices [1][8][10] Financial Performance - Adjusted net income was USD 1.79 billion, leading to adjusted earnings per share of USD 0.66 [1][8] - Cash flow from operating activities before taxes was USD 10.6 billion, with cash flow after taxes at USD 7.39 billion [10] - The company maintained a net debt to capital employed adjusted ratio of 6.9%, a decrease from 11.9% at the end of Q4 2024 [11] Production and Operations - Total equity production was 2,123 mboe per day, a slight decrease from 2,164 mboe in the same quarter last year [3] - Production in the US increased due to higher output from fields and increased ownership in onshore gas assets [4] - The operational performance on the Norwegian continental shelf remained strong, particularly in the Johan Sverdrup and Troll fields [3] Strategic Developments - The Johan Castberg field commenced production, enhancing Norway's role as a reliable energy exporter to Europe [2][14] - Equinor completed five offshore exploration wells with two commercial discoveries [5] - A final investment decision was made for phase two of the Northern Lights carbon transport and storage project, with an investment of NOK 7.5 billion [16] Capital Distribution - The company announced a cash dividend of USD 0.37 per share for Q1 2025 and expects total capital distribution of USD 9 billion for the year [7][19] - A second tranche of the share buy-back program of up to USD 1.265 billion is planned, subject to approval at the annual general meeting [19][20] Legal and Regulatory Issues - Equinor is addressing a halt work order from the US government regarding the Empire Wind project, which is approximately 30% complete [12][13]
Equinor ASA: Notice of annual general meeting 14 May 2025
Globenewswire· 2025-04-22 10:00
The annual general meeting of Equinor ASA (OSE: EQNR, NYSE: EQNR) will be held Wednesday 14 May 2025 at 15:00 CEST. The annual general meeting will be held in Equinor Business Center, Forusbeen 50, 4035 Stavanger for those attending in person and via Lumi AGM for those attending digitally. Voting will be carried out electronically via Lumi AGM for all shareholders. It is also possible to vote in advance or give proxy. Investor contact: Erik Gonder +47 995 62 611 ergon@equinor.com This information is subject ...