Equinor Expects Upbeat Q1 Results for Marketing, Midstream, Processing Unit
MT Newswires Live
Apr 16
Equinor (EQNR) said Thursday it expects stronger Q1 results in its marketing, midstream, and processing division.
The company projects the division's average quarterly adjusted operating income at around $400 million.
"Result this (Q1) is expected to be above this guidance," Equinor said. "The conflict in the Persian Gulf has driven significant volatility across crude, products and liquids towards the end of the quarter."
The company also detailed several other factors supporting the upbeat outlook.
Equinor is scheduled to report Q1 results May 6.
The company's shares were up 1.3% in premarket activity.
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