Equinor to Report Q4 Earnings: What's in Store for the Stock?

Core Viewpoint - Equinor ASA (EQNR) is expected to report its fourth-quarter 2025 results on February 4, with anticipated earnings per share (EPS) of 60 cents, reflecting a 4.8% decline year-over-year, and revenues estimated at $23.44 billion, indicating a 15.2% decrease from the previous year [1][2][8]. Financial Performance - In the last reported quarter, EQNR's adjusted earnings were 37 cents per share, missing the Zacks Consensus Estimate of 57 cents due to net impairments linked to a lower price outlook [1]. - The company has missed earnings estimates in the last four quarters, with an average negative surprise of 18.08% [1]. Revenue Influences - The U.S. Energy Information Administration (EIA) reported significant declines in West Texas Intermediate spot prices for the last quarter of 2025, with prices at $60.89, $60.06, and $57.97 for October, November, and December respectively, compared to $71.99, $69.95, and $70.12 in the same months of 2024 [3]. - The substantial year-over-year drop in crude prices is likely to negatively impact EQNR's revenues from the upstream segment, despite the company generating most of its revenues from marketing and midstream segments [4]. Strategic Moves - Equinor plans to divest a 40% stake in the Peregrino oil field in Brazil during the fourth quarter of 2025, which is expected to further affect its revenues [4]. Earnings Outlook - The current Earnings ESP for EQNR is 0.0%, indicating no expected earnings beat, and the company holds a Zacks Rank of 5 (Strong Sell) [5]. - In contrast, other companies such as Antero Resources and BP are highlighted as having favorable conditions for potential earnings beats, with respective Earnings ESPs of +1.05% and +2.47% [6][9][10].