Why Is EQUINOR ASA ADR (EQNR) Stock Moving Today?

Why EQNR stock is down today

EQNR stock is down 3.42% at $38.98 as of the latest trade. The stock opened with a -4.6% gap from the prior close and has continued to trade lower throughout the session. The move follows a disappointing Q2 performance, including adjusted earnings per share below estimates and revenue falling short of expectations.

What Happened

Equinor’s shares fell sharply in early trading after the company reported Q2 adjusted earnings per share of $1.33, which missed the estimated $1.39. Revenue for the quarter was reported at $34.023 billion, also below the projected $35.342 billion. The underperformance contributed to the stock’s early decline. In addition, Equinor announced the commencement of the third tranche of its 2026 buy-back program on July 23, which includes the redemption of state shares. The company also outlined a $13 billion organic capital expenditure plan for 2026, along with a target of 3% production growth and the maintenance of 35 Mboe per day.

What The Data Shows

EQNR opened at $38.49, reflecting a -4.6% gap from its prior close of $40.35. The stock reached a high of $39.12 at 9:30 AM ET and a low of $38.42 at 7:00 AM ET. As of the latest trade, it is at $38.90 with a volume of 0.4 million shares, which is 0.1 times the 3-month daily average. Unusual options activity includes one notable print, with a put premium of $352,000 being the largest single print. The stock has risen 12.5% over the past 8 sessions, moving from $35.87 to $40.35.

What To Watch

Equinor is scheduled to report earnings on July 22, 2026. Investors will be watching for further details on the company’s performance and guidance for the remainder of the year.