EQNR - Equinor GAAP EPS of $1.46 revenue of $36.05B beats by $3.88B

Equinor press release (NYSE:EQNR): Q1 GAAP EPS of $1.46. Revenue of $36.05B (+123.5% Y/Y) beats by $3.88B. Outlook: Organic capital expenditures are estimated at an annual average of around $10 billion for 2022-2023 and at an annual average of around $12 billion for 2024-2025. Production for 2022 is estimated to be around 2% above 2021 level. Equinor’s ambition is to keep the unit of production cost in the top quartile of its peer group. Scheduled maintenance activity is estimated to reduce equity production by around 45 mboe per day for the full year of 2022.

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Equinor GAAP EPS of $1.46, revenue of $36.05B beats by $3.88B