Equinor Asa (EQNR) Free Cash Flow (2009 - 2026)
Equinor Asa (EQNR) posted Free Cash Flow of $10.42 billion for Q3 2026, up 256.1% from $2.93 billion a year earlier but down 15.6% from the prior quarter.
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Analysis
Equinor Asa (EQNR) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Free Cash Flow at Equinor Asa was $22.82 billion, up 257.0% year-over-year; for FY2025, it came in at $5.98 billion, down 18.0% from FY2024.
- Annual Free Cash Flow has declined for three consecutive years, though with a five-year compound annual growth rate of 25.6% (FY2020 to FY2025).
- In prior years, Equinor Asa's Free Cash Flow was $7.29 billion in FY2024 (-61.0%), $18.68 billion in FY2023 (-29.2%), $26.38 billion in FY2022 (+27.0%) and $20.78 billion in FY2021 (+987.7%).
- Quarterly Free Cash Flow has run from a low of -$2.04 billion in Q4 2025 to a high of $13.59 billion in Q1 2022 over five years.
- On a year-over-year basis, Free Cash Flow increased in 1 of the last four quarters, with growth averaging 41.9%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $12.34 billion (Q2 2026), $2.1 billion (Q1 2026) and -$2.04 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 688.07 Bn | 646.21 Bn | - | 18.47 Bn |
| 2 | Chevron | 421.08 Bn | 393.20 Bn | 33.45 Bn | 18.10 Bn |
| 3 | Shell | 295.54 Bn | 155.81 Bn | - | 21.04 Bn |
| 4 | TotalEnergies SE | 194.84 Bn | 65.92 Bn | 31,614.00 | 19.84 Bn |
| 5 | Eni Spa | 168.93 Bn | 108.56 Bn | - | 5.01 Bn |
| 6 | Conocophillips | 165.73 Bn | 138.44 Bn | 12.81 Bn | 4.41 Bn |
| 7 | Equinor Asa | 110.59 Bn | 23.44 Bn | 4.49 Bn | 10.42 Bn |
| 8 | Canadian Natural Resources | 102.76 Bn | 99.76 Bn | 8.84 Bn | 6.65 Bn |
| 9 | Phillips 66 | 98.51 Bn | 82.30 Bn | 10.69 Bn | 6.60 Bn |
| 10 | Suncor Energy | 84.36 Bn | 65.05 Bn | - | 7.71 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.42 Bn |
| Jun 30, 2026 | 12.34 Bn |
| Mar 31, 2026 | 8.33 Bn |
| Dec 31, 2025 | -2.04 Bn |
| Sep 30, 2025 | 2.93 Bn |
| Jun 30, 2025 | -924.00 Mn |
| Mar 31, 2025 | 6.01 Bn |
| Dec 31, 2024 | -1.62 Bn |
| Sep 30, 2024 | 3.40 Bn |
| Jun 30, 2024 | 4.76 Bn |
| Mar 31, 2024 | 6.66 Bn |
| Dec 31, 2023 | 6.47 Bn |
| Jun 30, 2022 | 6.81 Bn |
| Mar 31, 2022 | 13.59 Bn |
| Jun 30, 2021 | 4.90 Bn |
| Mar 31, 2021 | 3.83 Bn |
| Dec 31, 2020 | 4.85 Bn |
| Jun 30, 2020 | -1.53 Bn |
| Mar 31, 2020 | 2.69 Bn |
| Dec 31, 2019 | 4.47 Bn |
API Access
Equinor Asa Free Cash Flow 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=free-cash-flow&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();