Equinor Asa (EQNR) Free Cash Flow (2009 - 2026)
Equinor Asa's (EQNR) quarterly Free Cash Flow came in at $6.6 billion in Q2 2026, up 814.07% on a YoY basis from $721.8 million in Q2 2025, and up 214.64% quarter-over-quarter from $2.1 billion in Q1 2026.
Analysis
Equinor Asa (EQNR) Free Cash Flow (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has reported Free Cash Flow for 18 consecutive years, with $6.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 814.07% year-over-year to $6.6 billion; the trailing twelve-month figure through Jun 2026 stood at $9.6 billion (up 39.62% YoY), and the FY2025 full-year result was $34.0 billion, up 7.34% from the prior year.
- Free Cash Flow improved to $6.6 billion in Q2 2026 per EQNR's latest filing, from $2.1 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $18.0 billion in Q1 2022 and bottomed at -$2.0 billion in Q4 2025.
- Historically, Free Cash Flow has averaged $3.9 billion across 5 years, with a median of $2.9 billion in 2025.
- The sharpest annual moves came in 2024 and 2026: Free Cash Flow slumped 502.98% in 2024, then soared 814.07% in 2026.
- Over 5 years, Free Cash Flow stood at $10.2 billion in 2022, then tumbled by 96.06% to $403.0 million in 2023, then plunged by 502.98% to -$1.6 billion in 2024, then decreased by 25.55% to -$2.0 billion in 2025, then surged by 423.59% to $6.6 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $6.6 billion, $2.1 billion, and -$2.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn | 18.10 Bn |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn | 25.67 Bn |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn | 15.09 Bn |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - | 7.34 Bn |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - | 6.60 Bn |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn | 6.53 Bn |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn | 4.31 Bn |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - | 1.57 Bn |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn | 1.73 Bn |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn | 3.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.60 Bn |
| Mar 31, 2026 | 2.10 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 | -1.14 Bn |
| Mar 31, 2024 | 6.66 Bn |
| Dec 31, 2023 | 403.00 Mn |
| Jun 30, 2022 | 10.23 Bn |
| Mar 31, 2022 | 17.95 Bn |
| Jun 30, 2021 | 8.39 Bn |
| Mar 31, 2021 | 8.14 Bn |
| Dec 31, 2020 | 4.85 Bn |
| Jun 30, 2020 | 2.27 Bn |
| Mar 31, 2020 | 7.39 Bn |
| Dec 31, 2019 | 4.47 Bn |
| Sep 30, 2019 | 6.82 Bn |