For the quarter ended September 2025, Equinor (EQNR Quick QuoteEQNR - Free Report) reported revenue of $26.05 billion, up 2.4% over the same period last year. EPS came in at $0.37, compared to $0.79 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $24.31 billion, representing a surprise of +7.14%. The company delivered an EPS surprise of -35.09%, with the consensus EPS estimate being $0.57.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Equinor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• E&P Norway entitlement liquids production per day: 714 millions of barrels of oil equivalent per day versus the two-analyst average estimate of 694.14 millions of barrels of oil equivalent per day.
• E&P International entitlement liquids production per day: 184 millions of barrels of oil equivalent per day versus the two-analyst average estimate of 222.35 millions of barrels of oil equivalent per day.
• Total entitlement liquids and gas production per day: 2005 millions of barrels of oil equivalent per day versus the two-analyst average estimate of 1983.88 millions of barrels of oil equivalent per day.
• Group entitlement liquids production per day: 1036 millions of barrels of oil equivalent per day versus the two-analyst average estimate of 1055.36 millions of barrels of oil equivalent per day.
• E&P Norway entitlement gas production per day: 707 millions of barrels of oil equivalent per day versus the two-analyst average estimate of 688.31 millions of barrels of oil equivalent per day.
• E&P USA entitlement liquids production: 138 millions of barrels of oil equivalent versus 138.88 millions of barrels of oil equivalent estimated by two analysts on average.
• Revenues- E&P Norway: $8.28 billion versus $8.08 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
• Revenues- Marketing, Midstream & Processing (MMP): $25.75 billion versus the two-analyst average estimate of $22.06 billion. The reported number represents a year-over-year change of +2.2%.
• Revenues- E&P USA: $1.01 billion compared to the $1.04 billion average estimate based on two analysts. The reported number represents a change of +7.5% year over year.
• Revenues- E&P International: $1.32 billion versus the two-analyst average estimate of $1.3 billion. The reported number represents a year-over-year change of -17.7%.
• Adjusted operating earnings- E&P Norway: $5.62 billion compared to the $5.67 billion average estimate based on two analysts.
• Adjusted operating earnings- E&P International: $396 million versus $410.92 million estimated by two analysts on average.

View all Key Company Metrics for Equinor here>>>

Shares of Equinor have returned -1.2% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.