Equinor lifts guidance to 4 percent while Equinor stock sits below its EUR 43.72 record

Published on 10/28/2026 at 09:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor reports USD 12.35 billion adjusted operating income for the third quarter. Equinor stock stood at EUR 42.14 on October 27, 2026, below EUR 43.72.

Results and capital returns

Equinor raised its 2026 production growth guidance to 4 percent on October 28, 2026.
Adjusted operating income reached USD 12.35 billion in the third quarter of 2026.
Equinor stock stood at EUR 42.14 at 10:02 p.m. CET on Tradegate on October 27, 2026, below its EUR 43.72 record.

Equinor, NO0010096985, Illustration mit AI erstellt.

Equinor (ISIN NO0010096985) raised its 2026 oil and gas production growth guidance to 4 percent and reported adjusted operating income of USD 12.35 billion for the third quarter of 2026. The results also included adjusted net income of USD 2.86 billion and a 2 percent production increase, according to Equinor on October 28, 2026.

Results strengthen the operating picture

Equinor reported net operating income of USD 11.95 billion, up from USD 5.27 billion in the third quarter of 2025. The company attributed the result to higher liquid and European gas prices, strong refining margins and high production.

Equity production reached 2,166 thousand barrels of oil equivalent per day in the third quarter, while international oil and gas production increased 21 percent from the same quarter a year earlier. Cash flow from operations after taxes paid was USD 8.14 billion, giving the report a stronger cash-generation profile alongside the earnings increase.

What changes with guidance?

The higher 2026 production target moves the operational benchmark from 3 percent to 4 percent growth. Equinor said new fields and additional wells helped offset natural decline and unplanned losses, while international production benefited from new output in the United Kingdom and Brazil.

The company also approved a USD 0.39 per-share cash dividend for the third quarter. Its adjusted net debt-to-capital employed ratio fell to 3.8 percent at the end of the quarter from 10.4 percent in the previous quarter, a balance-sheet figure that gives the capital-return plans additional context.

Three dates mark the setup

On June 16, 2026, Equinor said it intended to increase its 2026 buyback program by USD 1.5 billion. On October 22, 2026, the third tranche was completed at USD 1.125 billion. On October 28, 2026, the company announced the fourth tranche alongside its third-quarter results, with a value of up to USD 1.125 billion, according to Equinor.

Dates for capital returns

The fourth buyback tranche is scheduled to begin on October 29, 2026, and end no later than February 1, 2027. Shares purchased in the market may total USD 371.3 million, with the overall tranche including shares redeemed from the Norwegian state, according to Equinor.

Stock stays below the record

A Tradegate quote displayed by TradingView stood at EUR 42.14 at 10:02 p.m. CET on October 27, 2026. The same page showed an October 23, 2026 record of EUR 43.72, placing the quoted level 3.61 percent below that mark.

The further course of trading is shown by the continuously updated real-time quote of Equinor stock.