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Oct 29, 2025 8:00 AM

Oil Giant Equinor Cuts Price Outlook After Big Write-Down

Equinor ASA (NYSE:EQNR) stock was volatile premarket Wednesday after the company reported third-quarter fiscal 2025 revenue and other income growth of 2% year-over-year (Y/Y) to $26.05 billion.

Earnings Details

Adjusted revenue increased 2% Y/Y to $26.06 billion, beating the consensus of $23.11 billion.

Equinor reported an adjusted operating income of $6.22 billion in the quarter, with $5.62 billion from E&P Norway, $396 million from E&P International, and $37 million from E&P USA.

Also Read: Equinor And Partners Seek Approval For $2.2 Billion North Sea Project

Adjusted EPS of 37 cents missed the consensus of 56 cents.

Operating cash flow (after taxes paid) stood at $5.33 billion in the quarter.

The company reported a net loss of $210 million, a sharp reversal from a $2.3 billion profit in the same quarter last year, primarily driven by a $754 million write-down on asset values.

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