Equinor: adjusted EPS down 19% in Q3

(CercleFinance.com) - Equinor has reported net income of $2,285m for Q3 2024, down 9% y-o-y.


Adjusted net income came to $2,191m, down 25% y-o-y.

Adjusted EPS came to E0.79, down 19%.

Equinor's total sales reached $25.4bn, down 2.5% from $26bn a year earlier, down 2%.

The company reports that it generated 1,127 GWh over the period, up 28%, including 677 GWh of renewable energy (+82%), as well as 1984 million barrels of oil equivalent per day in Q3, down 1%.

Equinor believes that the company is well on its way to generating strong operating cash flow, in line with what was announced at the capital markets update in February.

During the quarter, the Johan Sverdrup field achieved a production record of over 756,000 barrels of oil in one day, and passed the milestone of one billion barrels produced since start-up five years ago. This strengthens our position to supply safe, reliable energy to Europe, management adds.


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