Equinor ASA (NYSE:EQNR) Q1 2025 Earnings Conference Call April 30, 2025 5:30 AM ET
Company Participants
Bard Glad Pedersen – SVP, IR
Jannicke Nilsson – EVP, Safety, Security & Sustainability
Torgrim Reitan – EVP and CFO
Anders Opedal – President and CEO
Irene Rummelhoff – EVP, MMP
Conference Call Participants
Teodor Sveen Nilsen – SpareBank 1 Markets
Biraj Borkhataria – RBC
John Olaisen – ABG
Peter Low – Redburn
Yoann Charenton – Bernstein
Matt Lofting – JPMorgan
Chris Kuplent – Bank of America Merrill Lynch
James Carmichael – Berenberg
Martijn Rats – Morgan Stanley
Jason Gabelman – TD Cowen
Paul Redman – BNP Paribas
Operator
Good day, and welcome to the Equinor Analyst Call First Quarter Results. [Operator Instructions]. Thank you. I’d now like to welcome Bard Glad Pedersen, Senior Vice President and Head of Investor Relations to begin the conference. Bard over to you.
Bard Glad Pedersen
Thank you, operator and thank you all for calling in for the presentation of Equinor’s first quarter research. I’m here together with our CFO Torgrim Reitan as usual he will give an introduction about our research, and then we’ll open for the Q&A. I know it’s a busy reporting day, and we will keep the session within one hour. So with that, I hand it to you. Torgrim.
Torgrim Reitan
Thank you, Bard and good morning everyone, and thank you for joining. I know you are interested in the situation we are facing on Empire Wind. I will address that but let me start by saying that today, we are reporting strong financial results for the quarter. Gas production was particularly strong in Norway and the US capturing higher prices. We reported adjusted operating income of $8.6 billion before tax, and an IFRS net income of 2.6 cash flow from operations after tax came in strong at 7.4 billion.
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