Equinor Asa (EQNR) EBITDA (2009 - 2026)
Equinor Asa (EQNR) recorded EBITDA of $15.06 billion in Q3 2026, up 74.3% from $8.64 billion a year earlier but down 4.1% from the prior quarter.
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Analysis
Equinor Asa (EQNR) EBITDA (2009 - 2026) Analysis & Trends
On a TTM basis, Equinor Asa's EBITDA came in at $50.94 billion as of Sep 30, 2026, up 25.9% year-over-year; for FY2025, it was $37.83 billion, down 7.4% from FY2024.
- Annual EBITDA has declined for three straight years, though with a five-year compound annual growth rate of 26.2% (FY2020 to FY2025).
- Across earlier years, EBITDA came in at $40.83 billion in FY2024 (-11.9%), $46.35 billion in FY2023 (-47.1%), $87.69 billion in FY2022 (+93.2%) and $45.38 billion in FY2021 (+284.2%).
- Quarterly EBITDA has ranged from $5.27 billion in Q2 2024 to $20.41 billion in Q1 2022 over the past five years.
- On a year-over-year basis, EBITDA has increased for three consecutive quarters, with growth averaging 25.1% over the last eight quarters.
- Peak year-over-year performance for EBITDA in the last five years was growth of 168.2% in Q2 2022, against a decline of 23.0% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $15.71 billion (Q2 2026), $11.31 billion (Q1 2026) and $8.85 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 779.83 Bn | 736.31 Bn | - | 28.34 Bn |
| 2 | Chevron | 463.69 Bn | 435.81 Bn | 33.45 Bn | -13.84 Bn |
| 3 | Shell | 319.66 Bn | 179.93 Bn | - | 24.40 Bn |
| 4 | TotalEnergies SE | 208.05 Bn | 79.13 Bn | 31,614.00 | -771.97 Mn |
| 5 | Conocophillips | 186.47 Bn | 159.17 Bn | 12.81 Bn | 13.36 Bn |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 15.06 Bn |
| 7 | Canadian Natural Resources | 117.10 Bn | 114.11 Bn | 8.84 Bn | 10.10 Bn |
| 8 | Phillips 66 | 111.73 Bn | 95.51 Bn | 10.69 Bn | 7.94 Bn |
| 9 | Suncor Energy | 96.42 Bn | 82.16 Bn | - | 2.37 Bn |
| 10 | Eni Spa | 91.57 Bn | 31.21 Bn | - | 3.94 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.06 Bn |
| Jun 30, 2026 | 15.71 Bn |
| Mar 31, 2026 | 11.31 Bn |
| Dec 31, 2025 | 8.85 Bn |
| Sep 30, 2025 | 8.64 Bn |
| Jun 30, 2025 | 9.15 Bn |
| Mar 31, 2025 | 11.18 Bn |
| Dec 31, 2024 | 11.50 Bn |
| Sep 30, 2024 | 9.33 Bn |
| Jun 30, 2024 | 5.27 Bn |
| Mar 31, 2024 | 10.06 Bn |
| Dec 31, 2023 | 11.60 Bn |
| Jun 30, 2022 | 19.87 Bn |
| Mar 31, 2022 | 20.41 Bn |
| Jun 30, 2021 | 7.41 Bn |
| Mar 31, 2021 | 8.02 Bn |
| Dec 31, 2020 | -4.47 Bn |
| Jun 30, 2020 | 2.05 Bn |
| Mar 31, 2020 | 4.50 Bn |
| Dec 31, 2019 | -2.65 Bn |
API Access
Equinor Asa EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "EQNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();