Dec 2025 (Q4 FY25) — Feb 4, 2026
Equinor Q4 FY25 — record production and a $4B capex cut to fortify free cash flow
Read the full callEquinor (EQNR) earnings
- Dec 2025 (Q4 FY25)
- Dec 2025
Equinor earnings: last reported Wed, 4 Feb 2026, for the quarter ended Dec 2025.
Price
$46.15 −1.77% · −$0.83
Performance +99.6% 1Y
1Y: $23.12 on 17 Oct 2025 → $46.15. High $46.98 (16 Oct 2026), low $22.41 (16 Dec 2025).
- Previous close
- $46.98
- 52-week range
- $22.41 – $46.98
- One year
- +99.18%
Overview
- Symbol
- EQNR
- Sector
- Energy
- Industry
- Petroleum Refining
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Equinor earnings calls (EQNR)
Financials
What the filings say
| Line item | Dec 2017 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 71,214 | 78,702 | 90,917 | 108,096 | 104,032 | 95,080 | 88,761 | 91,230 |
| Fixed assets | 63,637 | 71,751 | 68,508 | 62,075 | 56,498 | 58,822 | — | — |
| Total assets | 111,100 | 119,861 | 124,809 | 147,120 | 158,021 | 143,580 | 131,141 | 131,727 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 19,694 | 13,749 | 10,386 | 28,816 | 35,136 | 29,257 | 19,465 | 19,971 |
| Cash from investing | -11,212 | -10,594 | -12,092 | -16,211 | -15,863 | -12,409 | -3,532 | -9,596 |
| Cash from financing | -5,024 | -5,496 | 2,991 | -4,836 | -15,414 | -18,142 | -17,741 | -11,526 |
| Capital expenditure | -11,367 | -10,204 | -8,476 | -8,040 | -8,758 | -10,575 | -12,177 | -13,994 |
| Free cash flow | 8,327 | 3,545 | 1,910 | 20,776 | 26,378 | 18,682 | 7,288 | 5,977 |
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of EQNR filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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