TotalEnergies (NYSE:TTE) Releases Quarterly Earnings Results

Key Points

• Strong quarterly results: TotalEnergies reported adjusted EPS of $4.03, beating the $3.84 consensus, while revenue reached $61.86 billion versus expectations of $55.39 billion. Adjusted net income rose 51% sequentially to $9.1 billion, supported by strong refining margins, commodity prices and LNG performance.
• Higher shareholder returns and outlook: Management raised its 2026 operating cash-flow forecast to above $42 billion, approved a 5.99% dividend increase to €0.90 per share and authorized $5 billion in combined buybacks across the fourth quarter and first quarter of 2027.
• Risks remain despite strong performance: Geopolitical disruptions reduced hydrocarbon production and LNG flows, while offshore-wind write-offs and French diesel price cuts could pressure results. Analysts maintain a “Moderate Buy” consensus, although the average $92.71 price target is below the recent share price.

TotalEnergies (NYSE:TTE - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.84 by $0.19, FiscalAI reports. The business had revenue of $61.86 billion for the quarter, compared to analysts' expectations of $55.39 billion. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.

Here are the key takeaways from TotalEnergies' conference call:

• Strong third-quarter performance: adjusted net income rose more than 50% quarter over quarter to $9.1 billion, while operating cash flow increased 25% to $12.3 billion, supported by favorable commodity prices and strong execution.
• Management raised its 2026 operating cash-flow outlook to above $42 billion and potentially around $43 billion, while maintaining disciplined net investment of approximately $15 billion and reducing gearing to 9.1%.
• Refining and chemicals delivered record results as throughput increased nearly 10% and refining margins reached historically high levels; Integrated LNG also more than doubled its results quarter over quarter, with management expecting similarly strong performance in the fourth quarter.
• TotalEnergies confirmed a 5.99% increase in its third interim dividend to €0.90 per share, authorized $2.5 billion of fourth-quarter buybacks and another $2.5 billion in the first quarter of 2027, and said it may increase the final dividend to fulfill its 40% shareholder-return commitment.
• Geopolitical disruption continues to weigh on operations, including roughly a 5% impact on hydrocarbon production, reduced Qatar LNG flows and higher freight costs; the company also recorded write-offs on some German offshore-wind concessions due to profitability concerns.

TotalEnergies Stock Performance

NYSE TTE traded up $1.02 during trading hours on Friday, hitting $95.06. 904,735 shares of the company's stock traded hands, compared to its average volume of 1,789,105. The business's fifty day moving average price is $89.47 and its two-hundred day moving average price is $84.91. The firm has a market capitalization of $227.91 billion, a P/E ratio of 11.88 and a beta of 0.18. TotalEnergies has a 52 week low of $60.85 and a 52 week high of $95.78. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38.

Key Headlines Impacting TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: Strong Q3 results: TotalEnergies reported adjusted net income of $9.1 billion, up 51% from the prior quarter and 75% year over year. Adjusted EPS of $4.03 exceeded the $3.84 consensus, while operating cash flow rose 25% sequentially to $12.3 billion. Historically high refining margins and stronger natural-gas prices were key drivers. TotalEnergies SE: Third Quarter 2026 Results
• Positive Sentiment: Higher dividend: The company approved a third interim dividend of €0.90 per share, a 5.9% increase from 2025, reinforcing its appeal to income-focused investors. TotalEnergies dividend announcement
• Positive Sentiment: Nigeria portfolio development: TotalEnergies signed an agreement to transfer a 40% interest in offshore block OPL257 to SAPETRO while retaining a 50% operated stake. The deal should help advance development while sharing capital and execution risk. Nigeria OPL257 partnership announcement
• Neutral Sentiment: Analyst valuation is mixed: Brokerages’ average target price of $92.71 is below the recent trading level, potentially signaling limited near-term upside despite improved earnings estimates from at least one bank. Brokerage price target report
• Negative Sentiment: Operating headwinds remain: Middle East-related disruptions affected production, and the company’s decision to reduce French diesel prices ahead of a government stock release could pressure downstream margins. These risks partially offset the benefit of higher oil and gas prices. TotalEnergies French diesel price cut

Analysts Set New Price Targets

A number of research analysts recently weighed in on TTE shares. TD Cowen reduced their price objective on shares of TotalEnergies from $108.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, October 13th. Mizuho set a $108.00 price objective on TotalEnergies in a report on Friday, October 16th. Wall Street Zen upgraded TotalEnergies from a "hold" rating to a "buy" rating in a report on Monday, August 31st. JPMorgan Chase & Co. cut TotalEnergies from an "overweight" rating to a "neutral" rating in a report on Wednesday, September 23rd. Finally, Barclays reissued an "overweight" rating on shares of TotalEnergies in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average price target of $92.71.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company's activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.

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