Financials Var Energi

Equities

Real-time Oslo Bors Other stock markets 12:47:32 19/09/2024 BST			5-day change	1st Jan Change
33.18 ^NOK	+1.97%		+1.34%	+3.17%

09-17	Equinor Prepares to Begin Production at New Norwegian Oil Field by Year-End	DJ
09-17	Equinor Anchors FPSO Vessel at Barents Sea Oilfield Ahead of Production Start-up	MT

Fiscal Period: Dezember	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,225	6,073	9,828	6,850	7,999	9,801	9,678
Change	-	88.28%	61.83%	-30.3%	16.78%	22.53%	-1.25%
EBITDA ¹	-	4,672	7,817	5,466	6,345	8,225	8,005
Change	-	-	67.31%	-30.07%	16.07%	29.64%	-2.67%
EBIT ¹	-	2,910	6,369	4,043	4,298	5,608	5,369
Change	-	-	118.89%	-36.52%	6.31%	30.47%	-4.25%
Interest Paid ¹	-	-	-115.9	-112.9	-205	-212.7	-207.9
Earnings before Tax (EBT) ¹	-	-	5,856	3,357	4,108	5,445	5,168
Change	-	-	-	-42.67%	22.36%	32.55%	-5.08%
Net income ¹	-664.1	-	936.4	610.2	803.4	1,209	1,173
Change	-	-100%	-	-34.83%	31.66%	50.48%	-2.97%
Announcement Date	21/05/21	01/03/22	16/02/23	13/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	2,491	2,437	2,526	2,374	2,094	1,436	1,621	1,699	1,956	1,940	1,999	2,181	2,273	2,287	2,370	2,516
Change	-	-2.16%	3.68%	-6.04%	-11.8%	-31.4%	12.83%	4.82%	15.12%	-0.79%	3.02%	9.12%	4.21%	0.62%	3.63%	6.16%
EBITDA ¹	2,105	2,003	2,372	1,864	1,773	1,101	1,260	1,332	1,556	1,490	1,595	1,741	1,844	1,843	1,911	2,037
Change	-	-4.85%	18.42%	-21.43%	-4.86%	-37.9%	14.44%	5.71%	16.82%	-4.24%	7.07%	9.15%	5.9%	-0.05%	3.69%	6.59%
EBIT ¹	1,674	1,674	1,454	1,531	1,432	777.8	907.1	925.6	1,054	992.2	1,099	1,208	1,287	1,265	1,309	1,407
Change	-	-0.02%	-13.17%	5.34%	-6.45%	-45.7%	16.62%	2.04%	13.83%	-5.84%	10.75%	9.91%	6.57%	-1.71%	3.48%	7.49%
Charge d'intérêts ¹	-28.89	-33.26	-34.32	-19.42	-	-29.72	-28.26	-25.33	-18.7	-25.74	-27	-27	-79	-82	-78	-76
Earnings before Tax (EBT) ¹	1,651	1,214	1,161	1,793	1,276	701.4	919.8	459.6	850	1,032	1,088	1,192	1,208	1,183	1,232	1,330
Change	-	-26.45%	-4.39%	54.43%	-28.84%	-45.03%	31.14%	-50.03%	84.92%	21.4%	5.43%	9.57%	1.34%	-2.07%	4.14%	7.95%
Net income ¹	414.2	56.44	-30.17	488	195	98.1	188.5	128.6	100.1	221.8	236.5	263	266	260	271	293
Change	-	-86.37%	-	-	-60.05%	-49.68%	92.19%	-31.76%	-22.2%	121.61%	6.61%	11.22%	1.14%	-2.26%	4.23%	8.12%
Announcement Date	27/04/22	26/07/22	25/10/22	16/02/23	24/04/23	25/07/23	24/10/23	13/02/24	23/04/24	23/07/24	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	4,928	2,508	2,412	4,884	4,163	3,965
Change	-	-	-49.11%	-3.83%	102.52%	-14.76%	-4.76%
Announcement Date	21/05/21	01/03/22	16/02/23	13/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
CAPEX ¹	2,585	2,516	2,641	2,985	2,664	2,359
Change	-	-2.65%	4.97%	13.02%	-10.74%	-11.46%
Free Cash Flow (FCF) ¹	1,854	3,166	779.2	-725.2	1,830	1,591
Change	-	70.78%	-75.39%	-193.06%	-352.37%	-13.08%
Announcement Date	01/03/22	16/02/23	13/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	76.93%	79.54%	79.8%	79.32%	83.92%	82.71%
EBIT Margin (%)	-	47.91%	64.81%	59.02%	53.73%	57.21%	55.48%
EBT Margin (%)	-	-	59.59%	49.01%	51.35%	55.55%	53.4%
Net margin (%)	-20.59%	-	9.53%	8.91%	10.04%	12.33%	12.12%
FCF margin (%)	-	30.53%	32.21%	11.38%	-9.07%	18.67%	16.44%
FCF / Net Income (%)	-	-	338.08%	127.7%	-90.26%	151.38%	135.61%
Profitability
ROA	-	-	4.85%	3.2%	4%	5.88%	5.47%
ROE	-	-	62.48%	37.56%	51.49%	82.41%	67.02%
Financial Health
Leverage (Debt/EBITDA)	-	1.05x	0.32x	0.44x	0.77x	0.51x	0.5x
Debt / Free cash flow	-	2.66x	0.79x	3.09x	-6.74x	2.27x	2.49x
Capital Intensity
CAPEX / Current Assets (%)	-	42.56%	25.6%	38.56%	37.32%	27.18%	24.37%
CAPEX / EBITDA (%)	-	55.32%	32.19%	48.32%	47.05%	32.39%	29.47%
CAPEX / FCF (%)	-	139.43%	79.48%	338.92%	-411.6%	145.58%	148.29%
Items per share
Cash flow per share ¹	-	-	-	1.345	1.455	1.53	1.45
Change	-	-	-	-	8.16%	5.15%	-5.23%
Dividend per Share ¹	-	0.25	0.31	0.44	0.4355	0.4419	0.4329
Change	-	-	24%	41.94%	-1.02%	1.46%	-2.03%
Book Value Per Share ¹	-	-	0.6012	0.7082	0.5575	0.6177	0.6507
Change	-	-	-	17.8%	-21.28%	10.8%	5.33%
EPS ¹	-	-	0.38	0.24	0.3346	0.4887	0.4697
Change	-	-	-	-36.84%	39.42%	46.07%	-3.89%
Nbr of stocks (in thousands)	-	-	2,496,406	2,496,406	2,496,406	2,496,406	2,496,406
Announcement Date	-	01/03/22	16/02/23	13/02/24	-	-	-