Equinor Asa (EQNR) Free Cash Flow (2009 - 2026)
Equinor Asa (EQNR) reported Free Cash Flow of $2.1 billion for Q1 2026, down 65.13% on a YoY basis from $6.0 billion in Q1 2025, and up 202.84% quarter-over-quarter from -$2.0 billion in Q4 2025.
Equinor Asa (EQNR) Free Cash Flow (2009 - 2026) Analysis & Trends
Equinor Asa has reported Free Cash Flow for 18 years, with the latest figure at $2.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 65.13% year-over-year to $2.1 billion; the trailing twelve-month figure through Mar 2026 stood at $8.9 billion (down 30.71% YoY), and the FY2025 full-year result was $6.0 billion, down 17.99% from the prior year.
- Free Cash Flow for Q1 2026 stood at $2.1 billion, up from -$2.0 billion in the prior quarter.
- The five-year high for Free Cash Flow was $18.0 billion in Q1 2022, with the low at -$2.0 billion in Q4 2025.
- Historically, Free Cash Flow has averaged $5.2 billion across 5 years, with a median of $4.1 billion in 2025.
- Annual changes were most pronounced in 2022 — Free Cash Flow soared 120.69% — and 2024, when it sank 502.98%.
- Equinor Asa's Free Cash Flow stood at $10.2 billion in 2022, then sank by 96.06% to $403.0 million in 2023, then slumped by 502.98% to -$1.6 billion in 2024, then fell by 25.55% to -$2.0 billion in 2025, then jumped by 202.84% to $2.1 billion in 2026.
- The last three Free Cash Flow figures came in at $2.1 billion (Q1 2026), -$2.0 billion (Q4 2025), and $9.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | 8.36 Bn |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 2.24 Bn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 3,361.00 |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | 9.82 Bn |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | -1.55 Bn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | - |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 3.97 Bn |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 2.86 Bn |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 2.59 Bn |
| 10 | Equinor Asa | 1.07 Mn | -7.09 Bn | - | 2.10 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.10 Bn |
| Mar 31, 2026 | 2.10 Bn |
| Dec 31, 2025 | -2.04 Bn |
| Dec 31, 2025 | -2.04 Bn |
| Sep 30, 2025 | 9.77 Bn |
| Sep 30, 2025 | 9.77 Bn |
| Jun 30, 2025 | -924.00 Mn |
| Jun 30, 2025 | -924.00 Mn |
| Mar 31, 2025 | 6.01 Bn |
| Mar 31, 2025 | 6.01 Bn |
| Dec 31, 2024 | -1.62 Bn |
| Dec 31, 2024 | -1.62 Bn |
| Sep 30, 2024 | 9.59 Bn |
| Sep 30, 2024 | 9.59 Bn |
| Jun 30, 2024 | -1.14 Bn |
| Jun 30, 2024 | -1.14 Bn |
| Mar 31, 2024 | 11.62 Bn |
| Mar 31, 2024 | 11.62 Bn |
| Dec 31, 2023 | 403.00 Mn |
| Dec 31, 2023 | 403.00 Mn |