EQNR - Energy Giant Equinor's Q3 Earnings: Revenue & Profits Tumble Significantly On Weak Gas Production | Benzinga
Equinor ASA (NYSE: EQNR) reported Q3 FY23 adjusted revenue and other income decline of 41% Y/Y to $25.74 billion.
Liquids production rose 12% Y/Y, aided by strong operational performance and production from Johan Sverdrup on the NCS, Vito field in the USA, the Peregrino field in Brazil, and the addition of the Buzzard field in the UK portfolio.
Group average liquids price declined 14% Y/Y to $80.3/bbl, and equity liquids and gas production fell 1% Y/Y to $2,007 mboe per day.
Notably, gas equity production fell 13% Y/Y owing to maintenance and unplanned turnaround extensions primarily on the NCS.
Adjusted earnings declined ...