0902 GMT - Equinor delivered strong cash flow but weaker earnings, Morgan Stanley analysts write. Third-quarter net income was 7.4% below consensus, while cash flow from operations excluding working capital was around $700 million ahead of expectations, they say. This mismatch was mostly caused by a higher than expected noncash charge triggered by the startup of the Johan Castberg field, they say. It delivered production growth of 7% on year, which was driven by an 18% increase in Norwegian oil production, they add. Shares fall 1.2% to 239.10 Norwegian kroner. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

October 29, 2025 05:02 ET (09:02 GMT)

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