EQNR Equinor ASA

Equinor ASA: Information relating to dividend for third quarter 2020

Equinor ASA: Information relating to dividend for third quarter 2020

Key information relating to the cash dividend to be paid by Equinor (OSE: EQNR, NYSE: EQNR) for third quarter 2020.

Dividend amount: 0.11

Declared currency: USD

Last day including rights: 10 February 2021

Ex-date: 11 February 2021

Record date: 12 February 2021

Payment date: 26 February 2021

Other information: Dividend per share in NOK will be communicated 18 February 2021

This information is published in accordance with the requirements of the Continuing Obligations.

This information is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act

EN
29/10/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Equinor ASA

ABGSC Energy Research ... (+6)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad
ABGSC Energy Research ... (+4)
  • ABGSC Energy Research
  • John Olaisen
  • Oliver Dunvold
  • Stian Wibstad
Steffen Evjen
  • Steffen Evjen

Weekly news, topics & discussion

This week, Vår Energi reported Q1 results very much in line with expectations. The company also reaffirmed its 2025 guidance and maintained its dividend. Also, OKEA reported a solid Q1, with production and prices slightly above our estimates. While a technical goodwill impairment reduces its dividend basket for 2025, we view this as non-material, as we do not expect any dividends before 2027. Meanwhile, we are 5% below consensus on Q1e EBIT ahead of Equinor’s Q1 results on 30 April (07:00 CET), ...

Steffen Evjen
  • Steffen Evjen

Solid NCS production in March

The Norwegian Offshore Directorate’s (NOD) preliminary NCS figures for March showed liquids production of 1,972kboed (1.6% above its forecast) and gas production of 351mcm/d (0.4% above its forecast). Overall, production was 4.18mmboed (1.1% above its forecast), flat MOM, but down 4.9% YOY. Company-wise, the February production figures should be well known as most companies have already reported their production figures for Q1.

Steffen Evjen
  • Steffen Evjen

Equinor (Sell, TP: NOK220.00) - 5% below consensus on Q1e EBIT

We believe company-compiled consensus is too bullish on Q1e EPN liquids production (results due at 07:00 CET on 30 April); we forecast adj. EBIT of USD8.1bn (~5% below consensus of USD8.5bn), assuming EPN liquids production of 620kboed (consensus 640kboed). Official production data for total NCS liquids indicates declines of ~4% YOY and ~2% QOQ; in contrast, consensus assumes flat YOY production and a 2% QOQ increase for Equinor. We reiterate our SELL and NOK220 target price.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch