Equinor Shareholder Returns Disappoint -- Market Talk

Dow Jones

Feb 05

1014 ET - Equinor cuts capital expenditure as expected, but shareholder distributions are disappointing, Jefferies analysts Giacomo Romeo and Kai Ye Loh write. Updated guidance reflects consensus expectations in terms of the capex cut, due to lower renewables spending. However, 2025 distributions are lower than expected and the outlook for 2026 distributions remains unclear, they say. The 2025 dividend and buyback of $9 billion is below consensus at $10 billion, while Equinor has scrapped its 2026 buyback guidance. Quarterly earnings beat consensus on net income but are relatively inline on the operating line and on cash flow from operations. Shares trade 3.5% lower at 268.20 Norwegian kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

February 05, 2025 10:14 ET (15:14 GMT)

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Updated guidance reflects consensus expectations in terms of the capex cut, due to lower renewables spending. However, 2025 distributions are lower than expected and the outlook for 2026 distributions remains unclear, they say. The 2025 dividend and buyback of $9 billion is below consensus at $10 billion, while Equinor has scrapped its 2026 buyback guidance. Quarterly earnings beat consensus on net income but are relatively inline on the operating line and on cash flow from operations. Shares trade 3.5% lower at 268.20 Norwegian kroner. (dominic.chopping@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2025 10:14 ET (15:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Equinor Shareholder Returns Disappoint -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEquinor Shareholder Returns Disappoint -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-05 23:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1014 ET - Equinor cuts capital expenditure as expected, but shareholder distributions are disappointing, Jefferies analysts Giacomo Romeo and Kai Ye Loh write. Updated guidance reflects consensus expectations in terms of the capex cut, due to lower renewables spending. However, 2025 distributions are lower than expected and the outlook for 2026 distributions remains unclear, they say. The 2025 dividend and buyback of $9 billion is below consensus at $10 billion, while Equinor has scrapped its 2026 buyback guidance. Quarterly earnings beat consensus on net income but are relatively inline on the operating line and on cash flow from operations. Shares trade 3.5% lower at 268.20 Norwegian kroner. (dominic.chopping@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2025 10:14 ET (15:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4201","symbol_name":"综合性石油与天然气企业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509280460","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509280460","pubTimestamp":1738768440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1014 ET - Equinor cuts capital expenditure as expected, but shareholder distributions are disappointing, Jefferies analysts Giacomo Romeo and Kai Ye Loh write. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4201":"综合性石油与天然气企业","BK4585":"ETF&股票定投概念","BK4588":"碎股","EQNR":"Equinor ASA"},"translate_title":"Equinor股东回报令人失望——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQNR":0.9},"content_text":"1014 ET - Equinor cuts capital expenditure as expected, but shareholder distributions are disappointing, Jefferies analysts Giacomo Romeo and Kai Ye Loh write. Updated guidance reflects consensus expectations in terms of the capex cut, due to lower renewables spending. However, 2025 distributions are lower than expected and the outlook for 2026 distributions remains unclear, they say. The 2025 dividend and buyback of $9 billion is below consensus at $10 billion, while Equinor has scrapped its 2026 buyback guidance. Quarterly earnings beat consensus on net income but are relatively inline on the operating line and on cash flow from operations. Shares trade 3.5% lower at 268.20 Norwegian kroner. (dominic.chopping@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 05, 2025 10:14 ET (15:14 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}