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TTE's Q3 Earnings Lag, Sales Beat Estimates as Production Ramp-Up
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Key Takeaways
TotalEnergies' Q3 earnings of $1.77 missed estimates but rose 1.7% year over year.
Revenues fell 6.4% to $48.69B but topped forecasts on a stronger production ramp-up.
Refining & Chemicals income surged 185.1%, driving overall operating income growth.
TotalEnergies SE (TTE - Free Report) reported third-quarter 2025 operating earnings of $1.77 (€1.50) per share, which missed the Zacks Consensus Estimate of $1.81 by 2.2%. The bottom line improved 1.7% from the year-ago figure of $1.74 (€1.58).
TTE’s Total Revenues
Total revenues for the third quarter were $48.69 billion, which declined from the year-ago reported figure of $52.02 billion by 6.4%. However, the figure beat the Zacks Consensus Estimate of $41.1 billion by 18.5%.
TotalEnergies SE Sponsored ADR Price, Consensus and EPS Surprise
In the third quarter, hydrocarbon production averaged 2,508 thousand barrels of oil equivalent per day (“Mboe/d”), up 4.1% year over year. This year-over-year increase was due to contributions from start-ups and the ramp-up of production from existing assets. Contributions from acquired assets also boosted production volumes.
In the reported quarter, liquid production averaged 1,553 thousand barrels per day, up nearly 5.9% year over year.
Quarterly gas production was 5,182 thousand cubic feet per day, up 1.7% year over year.
TTE’s Realized Price
The quarterly realized price for Brent was down 13.9% to $69.1 per barrel from $80.3 in the year-earlier period. The average realized liquid price was $66.5 per barrel, down 13.6% year over year.
Realized gas prices were up 4.8% year over year to $5.5 per thousand British thermal units ("Btu").
Realized LNG prices were down 10.1% year over year to $8.91 per thousand Btu.
Highlights of TTE’s Release
Net power production was 12.6 terawatt hours in the third quarter of 2025, up 13.5% year over year. Nearly 65% of the power generated came from renewable sources.
Net operating income was $4.66 billion, up 0.5% year over year due to strong contribution from the Refining & Chemical segment.
Interest expenses were $808 million, up 1.4% from the prior-year period.
In the third quarter of 2025, TotalEnergies acquired assets worth $474 million and sold assets worth $855 million.
TotalEnergies repurchased 99 million shares worth $6 billion in the first nine months of 2025 and in third-quarter 2025, it repurchased 36.8 million shares worth $2.3 billion.
TTE’s Segmental Details
Exploration & Production’s operating earnings were $2.16 billion, down 12.6% from $2.48 billion in the year-ago period.
Integrated LNG’s operating income was $0.85 billion, down 19.8% from $1.06 billion in the year-earlier quarter.
Integrated Power’s operating income was $571 million, up 17.7% from $485 million in the year-ago quarter.
Refining & Chemicals’ operating income of $687 million increased 185.1% from $241 million in the prior-year quarter.
Marketing & Services’ operating income of $380 million increased 4.4% from $364 million in the third quarter of 2024.
TTE’s Financial Update
Cash and cash equivalents as of Sept. 30, 2025, were $23.41 billion compared with $25.84 billion as of Dec. 31, 2024. Gearing, including leases, was 22.1% at the end of the third quarter of 2025 compared with 17.9% at third-quarter 2024-end.
Cash flow from operating activities in third-quarter 2025 was $8.35 billion, up 16.4% year over year.
TTE’s Guidance
TotalEnergies expects fourth-quarter 2025 production volumes to be in the range of 2,525-2,575 Mboe/d.
TTE anticipates investing in the range of $17-$17.5 billion in 2025. The company plans to buy back shares worth up to $1.5 billion in the fourth quarter.
Devon Energy Corporation (DVN - Free Report) is slated to report third-quarter results on Nov. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at 93 cents per share, which indicates a year-over-year decline of 15.45%.
Occidental Petroleum Corporation (OXY - Free Report) is slated to report third-quarter results on Nov. 10, after market close. The Zacks Consensus Estimate for earnings is pegged at 51 cents per share, which indicates a year-over-year decline of 49%.
Murphy Oil Corporation (MUR - Free Report) is slated to report third-quarter results on Nov. 5. The Zacks Consensus Estimate for earnings is pegged at 16 cents per share, which indicates a year-over-year decline of 78.4%.
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TTE's Q3 Earnings Lag, Sales Beat Estimates as Production Ramp-Up
Key Takeaways
TotalEnergies SE (TTE - Free Report) reported third-quarter 2025 operating earnings of $1.77 (€1.50) per share, which missed the Zacks Consensus Estimate of $1.81 by 2.2%. The bottom line improved 1.7% from the year-ago figure of $1.74 (€1.58).
TTE’s Total Revenues
Total revenues for the third quarter were $48.69 billion, which declined from the year-ago reported figure of $52.02 billion by 6.4%. However, the figure beat the Zacks Consensus Estimate of $41.1 billion by 18.5%.
TotalEnergies SE Sponsored ADR Price, Consensus and EPS Surprise
TotalEnergies SE Sponsored ADR price-consensus-eps-surprise-chart | TotalEnergies SE Sponsored ADR Quote
TTE’s Q3 Production Details
In the third quarter, hydrocarbon production averaged 2,508 thousand barrels of oil equivalent per day (“Mboe/d”), up 4.1% year over year. This year-over-year increase was due to contributions from start-ups and the ramp-up of production from existing assets. Contributions from acquired assets also boosted production volumes.
In the reported quarter, liquid production averaged 1,553 thousand barrels per day, up nearly 5.9% year over year.
Quarterly gas production was 5,182 thousand cubic feet per day, up 1.7% year over year.
TTE’s Realized Price
The quarterly realized price for Brent was down 13.9% to $69.1 per barrel from $80.3 in the year-earlier period. The average realized liquid price was $66.5 per barrel, down 13.6% year over year.
Realized gas prices were up 4.8% year over year to $5.5 per thousand British thermal units ("Btu").
Realized LNG prices were down 10.1% year over year to $8.91 per thousand Btu.
Highlights of TTE’s Release
Net power production was 12.6 terawatt hours in the third quarter of 2025, up 13.5% year over year. Nearly 65% of the power generated came from renewable sources.
Net operating income was $4.66 billion, up 0.5% year over year due to strong contribution from the Refining & Chemical segment.
Interest expenses were $808 million, up 1.4% from the prior-year period.
In the third quarter of 2025, TotalEnergies acquired assets worth $474 million and sold assets worth $855 million.
TotalEnergies repurchased 99 million shares worth $6 billion in the first nine months of 2025 and in third-quarter 2025, it repurchased 36.8 million shares worth $2.3 billion.
TTE’s Segmental Details
Exploration & Production’s operating earnings were $2.16 billion, down 12.6% from $2.48 billion in the year-ago period.
Integrated LNG’s operating income was $0.85 billion, down 19.8% from $1.06 billion in the year-earlier quarter.
Integrated Power’s operating income was $571 million, up 17.7% from $485 million in the year-ago quarter.
Refining & Chemicals’ operating income of $687 million increased 185.1% from $241 million in the prior-year quarter.
Marketing & Services’ operating income of $380 million increased 4.4% from $364 million in the third quarter of 2024.
TTE’s Financial Update
Cash and cash equivalents as of Sept. 30, 2025, were $23.41 billion compared with $25.84 billion as of Dec. 31, 2024. Gearing, including leases, was 22.1% at the end of the third quarter of 2025 compared with 17.9% at third-quarter 2024-end.
Cash flow from operating activities in third-quarter 2025 was $8.35 billion, up 16.4% year over year.
TTE’s Guidance
TotalEnergies expects fourth-quarter 2025 production volumes to be in the range of 2,525-2,575 Mboe/d.
TTE anticipates investing in the range of $17-$17.5 billion in 2025. The company plans to buy back shares worth up to $1.5 billion in the fourth quarter.
TTE’s Zacks Rank
TotalEnergies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Devon Energy Corporation (DVN - Free Report) is slated to report third-quarter results on Nov. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at 93 cents per share, which indicates a year-over-year decline of 15.45%.
Occidental Petroleum Corporation (OXY - Free Report) is slated to report third-quarter results on Nov. 10, after market close. The Zacks Consensus Estimate for earnings is pegged at 51 cents per share, which indicates a year-over-year decline of 49%.
Murphy Oil Corporation (MUR - Free Report) is slated to report third-quarter results on Nov. 5. The Zacks Consensus Estimate for earnings is pegged at 16 cents per share, which indicates a year-over-year decline of 78.4%.