Equinor analysts forecast strongest quarterly profit since 2022
Analysts expect Equinor to post its best adjusted pre-tax earnings for a quarter since late 2022, with production levels holding steady.
Equinor has compiled consensus estimates from 21 analysts who anticipate the company will achieve its strongest adjusted pre-tax profit for a quarter since the fourth quarter of 2022. This outlook comes after a robust second-quarter showing, which marked the firm’s best results since the start of 2023 when energy prices surged after the 2022 crisis. Analysts expect the third-quarter oil-equivalent output to remain near the level recorded a year earlier.
The firm plans to disclose the detailed quarterly figures on October 28. The optimistic profit projection also includes an expected adjusted profit after tax for the quarter, though the exact amount was not disclosed in the source.
Why it matters
Equinor's improved earnings signal a rebound in the energy sector and could influence investor sentiment.
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