ReutersCodex · 实盘不做把握 8/10
北京时间·源无时间·以抓取为准·⟳ 抓取 07-22 20:08:42·⚡ 决策 07-23 08:10:08 +12h01m·96.4 天前
Equinor二季度调整后税前利润升至114.8亿美元但基本符合预期
二季度调整后税前利润114.8亿美元,基本符合17名分析师预期的113.7亿美元,不构成明显超预期催化。
📄 原文Reuters↗ 原文
Equinor (EQNR.OL) on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil…
不做 Equinor(EQNR.NO)
二季度利润大增但基本符合预期,且股价年内已上涨54%,属于已被能源价格主线充分交易的确认性财报,不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-22 · 扩散 medium · price-in 风险 high ↗
关键理由
- 二季度调整后税前利润114.8亿美元,基本符合17名分析师预期的113.7亿美元,不构成明显超预期催化。
- 公司年初至今已上涨54%,且报道明确称受油气价格和欧洲供气地位驱动,事件前已有较充分定价。
主要风险
- 油气价格和中东战争扰动仍会影响基本面,但这条财报本身缺少新增交易边际。
原文全文
展开原文 · 1,843 字
Equinor (EQNR.OL) on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies.
The Norwegian group's adjusted earnings before tax for the April to June period rose to $11.48 billion from $6.54 billion a year earlier, broadly in line with the $11.37 billion predicted in a poll of 17 analysts compiled by Equinor.
"Strong production in the second quarter enabled us to capture value from higher prices, contributing to strong cash flow and financial results," CEO Anders Opedal said in a statement.
The shares of majority state-owned Equinor are up 54% year-to-date, outperforming a 30% increase in European energy stocks (.SXEP), reflecting its position as a major supplier of oil and gas to Europe and with no direct exposure to the Middle East.
The company last month said it will double its share buybacks, returning more cash to owners as the wartime rise in oil and gas prices filled its coffers, while at the same time scaling back investments in renewable energy due to weak demand.
Equinor maintained its full-year oil and gas output growth target of a 3% volume increase in 2026 as well as its planned investment level for the year of $13 billion.
The downstream division, which includes energy trading, reported a profit of $777 million for the quarter, exceeding the $623 million expected by analysts and beating the unit's $400 million quarterly profit guidance.
The average price for Equinor's oil stood at $97.9 per barrel in the second quarter, up from $63 in the same period of 2025.
The price for the group's European gas meanwhile increased by 32% over the same period to $15.79 per million British thermal units (mmbtu), while its U.S. gas price declined 16% to $2.30 per mmbtu.
The Norwegian group's adjusted earnings before tax for the April to June period rose to $11.48 billion from $6.54 billion a year earlier, broadly in line with the $11.37 billion predicted in a poll of 17 analysts compiled by Equinor.
"Strong production in the second quarter enabled us to capture value from higher prices, contributing to strong cash flow and financial results," CEO Anders Opedal said in a statement.
The shares of majority state-owned Equinor are up 54% year-to-date, outperforming a 30% increase in European energy stocks (.SXEP), reflecting its position as a major supplier of oil and gas to Europe and with no direct exposure to the Middle East.
The company last month said it will double its share buybacks, returning more cash to owners as the wartime rise in oil and gas prices filled its coffers, while at the same time scaling back investments in renewable energy due to weak demand.
Equinor maintained its full-year oil and gas output growth target of a 3% volume increase in 2026 as well as its planned investment level for the year of $13 billion.
The downstream division, which includes energy trading, reported a profit of $777 million for the quarter, exceeding the $623 million expected by analysts and beating the unit's $400 million quarterly profit guidance.
The average price for Equinor's oil stood at $97.9 per barrel in the second quarter, up from $63 in the same period of 2025.
The price for the group's European gas meanwhile increased by 32% over the same period to $15.79 per million British thermal units (mmbtu), while its U.S. gas price declined 16% to $2.30 per mmbtu.
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