Equinor ASA reported a 267% year-over-year increase in second-quarter 2026 net income to $4.84 billion. Quarterly revenue rose 40% to $35.18 billion. Production grew by 3% alongside higher global prices for liquids and European gas. Adjusted operating income reached $11.48 billion, while adjusted earnings per share stood at $1.33.
The company launched the third tranche of its 2026 share buyback program on July 23, 2026. This tranche is valued at up to $1.125 billion and concludes on October 26, 2026. Equinor also declared a second-quarter cash dividend of $0.39 per share.
Royal Bank of Canada upgraded Equinor from underperform to sector perform on July 23. Seeking Alpha analysts downgraded the shares to a Hold rating. Some market observers noted that the recent financial performance may already be reflected in the current stock price.