TotalEnergies (NYSE:TTE) Posts Quarterly Earnings Results, Meets Expectations

23 Jul 2026, 19:42 by Tristan Rich · The Markets Daily

TotalEnergies (NYSE:TTE – Get Free Report) released its quarterly earnings data on Thursday. The company reported $2.68 earnings per share for the quarter, meeting the consensus estimate of $2.68, Zacks reports. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $57.10 billion for the quarter, compared to analyst estimates of $55.13 billion.

Here are the key takeaways from TotalEnergies’ conference call:

TotalEnergies reported strong Q2 results, with cash flow of about $9.8 billion and adjusted net income of $6.0 billion, supported by favorable oil, refining, LNG and power market conditions.
The company’s upstream production grew more than 4% year over year excluding Middle East disruptions, and management said this was ahead of its full-year guidance. E&P cash flow also rose sharply, helped by new projects and strong operating performance.
Refining, chemicals and marketing had an exceptional quarter as the company shifted refinery runs toward diesel and jet fuel, capturing historically strong margins. Marketing and Services delivered its best-ever quarter, while trading also contributed strongly outside of gas.
Gas trading underperformed in Q2 because European gas prices fell instead of rising as expected, but management said the position has since improved and results could rebound in Q3. Integrated LNG was also hurt by Middle East-related disruptions, including lower Qatar output.
TotalEnergies continued to reward shareholders and strengthen the balance sheet, cutting gearing to 13.1%, raising the interim dividend by 5.9%, and authorizing another $1.5 billion of buybacks for Q3. The company also kept CapEx at about $3.4 billion in the quarter, in line with its full-year investment plan.

TotalEnergies Price Performance

NYSE:TTE traded up $1.51 during mid-day trading on Thursday, reaching $86.42. 2,811,506 shares of the company were exchanged, compared to its average volume of 1,808,179. The company has a fifty day moving average of $84.22 and a 200 day moving average of $81.96. TotalEnergies has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock has a market cap of $207.20 billion, a PE ratio of 12.80, a PEG ratio of 3.02 and a beta of 0.14.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TTE shares. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Piper Sandler reissued a “neutral” rating and issued a $85.00 target price on shares of TotalEnergies in a report on Thursday. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Get Our Latest Stock Analysis on TotalEnergies

Institutional Trading of TotalEnergies

Hedge funds have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. bought a new position in shares of TotalEnergies in the 4th quarter valued at about $43,000. McMillan Office Inc. acquired a new position in TotalEnergies in the 4th quarter valued at about $51,000. Colonial Trust Advisors grew its position in shares of TotalEnergies by 49.3% in the fourth quarter. Colonial Trust Advisors now owns 924 shares of the company’s stock valued at $60,000 after purchasing an additional 305 shares during the last quarter. Larson Financial Group LLC lifted its holdings in TotalEnergies by 38.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,322 shares of the company’s stock worth $79,000 after purchasing an additional 369 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in TotalEnergies during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Trending Headlines about TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

Positive Sentiment: TotalEnergies reported Q2 adjusted net income of $6.0 billion, or $2.68 per share, matching analyst expectations while revenue of $57.1 billion came in above estimates, signaling solid operating performance. Article Title
Positive Sentiment: The company said Q2 earnings rose sharply year over year, helped by higher oil prices and strong refining margins, which should support near-term profitability. Article Title
Positive Sentiment: TotalEnergies announced a second interim dividend of €0.90 per share, up 5.9% from last year, underscoring management’s confidence and boosting the stock’s income appeal. Article Title
Positive Sentiment: Net debt fell by $3.3 billion to $19.71 billion, indicating stronger balance-sheet discipline supported by robust cash flow. Article Title
Neutral Sentiment: Piper Sandler reaffirmed its neutral rating and set an $85 price target, slightly below the current share price, which may limit enthusiasm but does not change the longer-term earnings story. Article Title
Neutral Sentiment: The company said it earns about $400 million a year from selling Russian LNG cargoes, but it also plans to exit its stake in the Arctic LNG 2 project in Russia, leaving some geopolitical exposure unresolved. Article Title

About TotalEnergies

(Get Free Report)

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.