Equinor (EQNR) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.20
- Estimate
- $1.35
- Surprise
- -10.9%
- Revenue (period 2026-09-30)
- $32.94B
- Score at report (before → after)
- 6.6 → 6.4/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
Equinor (EQNR) missed the $1.35 estimate with adjusted EPS of $1.20 — a large 10.9% shortfall. TrendMatrix's engine moved from Sell (6.6/10) to Hold at 6.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates EQNR Hold at 6.4/10.
2 of the last 4 quarters beat the estimate; this quarter's -10.9% surprise compares with a +2.3% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.3 in RISK_OFF)
- Sector modifier (Energy): +1.2
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (3.4% away)
- Consecutive earnings misses (2)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $47.40
- Stop
- $44.78
At 9.9× trailing and 10.0× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
EQNR at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Integrated
- Market cap
- $112.82B
- P/E (fwd)
- 10.0
- P/E (ttm)
- 9.9
- 52-week range
- $22.26–$49.08
- Off 52-week high
- 3.4%
- RSI (14)
- 69
- Volume vs avg
- 0.13×
- Score today
- 6.4/10