For the first quarter of 2026, analysts anticipate Equinor ASA will report consensus revenue of $28.95 billion and an EPS of $1.00, while the stock currently trades at $40.58 against a $34.61 average analyst target. Investors are primarily focused on the outperformance of the Marketing, Midstream, and Processing (MMP) segment, which is expected to exceed previous guidance due to heightened energy market volatility.
This optimistic outlook follows strong production levels from new start-ups at the Johan Castberg and Halten East fields. However, the market remains cautious about the impact of planned maintenance turnarounds, which are projected to reduce first-quarter output by approximately 15,000 boepd.