TotalEnergies (NYSE:TTE) Issues Earnings Results, Beats Expectations By $0.19 EPS

TotalEnergies (NYSE:TTE) issued its earnings results 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. TotalEnergies had a net margin of 9.61% and a return on equity of 19.55%. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $55.39 billion.

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 Price Performance

TotalEnergies stock traded up $1.36 during midday trading on Friday, reaching $95.39. 1,272,548 shares of the company were exchanged, compared to its average volume of 2,417,607. The firm’s 50-day simple moving average is $89.56 and its 200-day simple moving average is $85.06. TotalEnergies has a 1 year low of $60.85 and a 1 year high of $95.78. The company has a market capitalization of $228.71 billion, a price-to-earnings ratio of 9.53 and a beta of 0.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06.

Analysts Set New Price Targets

TTE has been the subject of several research reports. HSBC raised TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. JPMorgan Chase & Co. cut shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Finally, Mizuho set a $108.00 target price on shares of TotalEnergies in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.71.

Key Stories 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 for the first nine months. Adjusted EPS of $4.03 exceeded the $3.84 consensus, while revenue of $61.86 billion also surpassed estimates. Operating cash flow excluding working capital rose 25% sequentially to $12.3 billion. TotalEnergies SE Third Quarter 2026 Results
• Positive Sentiment: Energy-market tailwinds: Historically strong refining margins and a favorable natural-gas market helped offset weaker production, while elevated oil prices supported the 127% year-over-year increase in quarterly profit. TotalEnergies third-quarter profit up 127%
• Positive Sentiment: Higher shareholder distribution: The company declared a third interim dividend of €0.90 per share, a 5.9% increase from 2025, reinforcing its income-investment appeal. TotalEnergies third interim dividend
• Neutral Sentiment: Portfolio activity: TotalEnergies agreed to farm out a 40% interest in Nigeria’s offshore OPL257 block to SAPETRO, leaving TotalEnergies with a 50% operated stake. The deal could share development risk while preserving operatorship and exposure to future production. TotalEnergies OPL257 partnership
• Negative Sentiment: Risks remain: The Middle East conflict affected production, and consensus broker targets average €92.71, below the recent market level. TotalEnergies also plans to reduce French diesel prices to €2.15 per liter, which may pressure downstream margins. TotalEnergies diesel price cut

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.