0534 GMT - Equinor's first-quarter results were broadly in line with market expectations, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. While adjusted earnings before interest and taxes were a touch ahead of expectations, a higher effective tax rate and additional charges related to U.K. windfall taxes drove a 6% miss to net income consensus, they say. Higher costs associated with carbon capture and storage wells plus a weaker LNG trading performance dragged on results, they add.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 01:35 ET (05:35 GMT)
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