Equinor shares fall on cash flow miss despite record output
Equinor shares fell 7.6% after quarterly cash flow missed forecasts. Record output drove profits higher, but trading collateral needs impacted total liquidity.
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EQUINOR ASA shares fell 7.6% during midday trading after the energy giant missed quarterly cash-flow forecasts despite posting record oil and gas production. Adjusted earnings before tax rose to $9.77 billion, surpassing analyst expectations of $9.0 billion. Investors reacted to a 19% drop in operational cash flow as collateral requirements for energy trading tightened.
