Equinor Asa (EQNR) Free Cash Flow (2009 - 2026)
Equinor Asa's (EQNR) quarterly Free Cash Flow came in at $12.3 billion in Q2 2026, up 1435.71% YoY from $803.7 million in Q2 2025, and up 48.18% on a QoQ basis from $8.3 billion in Q1 2026.
Analysis
Equinor Asa (EQNR) Free Cash Flow (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has 18 years of Free Cash Flow data on file, last reported at $12.3 billion in Q2 2026.
- Quarterly Free Cash Flow rose 1435.71% year-over-year to $12.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $29.8 billion (up 13.05% YoY) and the FY2025 annual result came in at $6.0 billion, down 17.99% from the prior year.
- Free Cash Flow advanced to $12.3 billion in Q2 2026, from $8.3 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $18.0 billion in Q1 2022 to a low of -$924.0 million in Q2 2025.
- A 5-year average of $7.4 billion and a median of $6.7 billion in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2025 — Free Cash Flow sank 119.41% — and 2026, when it jumped 1435.71%.
- Tracing EQNR's Free Cash Flow over 5 years: stood at $10.2 billion in 2022, then sank by 96.06% to $403.0 million in 2023, then surged by 1306.45% to $5.7 billion in 2024, then gained by 10.32% to $6.3 billion in 2025, then jumped by 97.38% to $12.3 billion in 2026.
- The last three Free Cash Flow figures came in at $12.3 billion (Q2 2026), $8.3 billion (Q1 2026), and $6.3 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 11.44 Bn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 18.10 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 4.23 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 4.96 Bn |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 6.60 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 5.06 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 1.57 Bn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 3.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.60 Bn |
| Jun 30, 2026 | 6.60 Bn |
| 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 | 2.93 Bn |
| Sep 30, 2025 | 2.93 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 | 3.40 Bn |
| Sep 30, 2024 | 3.40 Bn |
| Jun 30, 2024 | -1.14 Bn |
| Jun 30, 2024 | -1.14 Bn |
| Mar 31, 2024 | 6.66 Bn |
| Mar 31, 2024 | 6.66 Bn |