was $1.32 billion<\/a>, up 2 percent compared to $1.29 billion in the same quarter in 2025.<\/p>\nCompared to the prior quarter, adjusted net operating income jumped 43 percent.<\/p>\n
Cash flow from operations excluding working capital (CFFO) amounted to $1.78 billion, up 43 percent and 54 percent, respectively.<\/p>\n
Average LNG price climbs<\/p>\n
TotalEnergies said its average price for equity LNG sales in the second quarter was $10.20\/MMBtu over the three-month period, up $1.1\/MMBtu from $9.10\/MMBtu in the second quarter of 2025.<\/p>\n
Additionally, the average price rose $1.1\/MMBtu compared to the first quarter of this year and the fourth quarter of last year.<\/p>\n
These prices do not include LNG trading activity.<\/p>\n
In its April results report, TotalEnergies\u00a0said\u00a0it anticipates an average LNG selling price of around $10\/MMBtu in the second quarter of 2026, given the evolution of oil and gas prices in recent months and the lag effect in pricing formulas.<\/p>\n
Hydrocarbon production<\/p>\n
TotalEnergies said that hydrocarbon production for the second quarter is expected to be at nearly 2.4 Mboe\/d.<\/p>\n
This production should leverage a \u201cstrong\u201d organic growth in line with the quarterly guidance of 4 percent, it said.<\/p>\n
TotalEnergies noted that the impact of the Middle East conflict for the second quarter \u201cis around 210 kboe\/d, which is below the guidance communicated last quarter of 360 kboe\/d.\u201d<\/p>\n
\u201cThis is notably driven by the ramp-up of the company\u2019s production in offshore United Arab Emirates over the course of the quarter and the restart of production in the other countries in the region during June. However, a significant portion of this production could not be lifted during the quarter and is recognized in exploration and production results based on the crude price from end-June (less than $70\/b),\u201d the company said.<\/p>\n
TotalEnergies also said that a decrease in working capital of $1-1.5 billion is anticipated over the quarter, mainly due to the impact of lower hydrocarbon prices at quarter-end on inventories.<\/p>\n","protected":false},"excerpt":{"rendered":"TotalEnergies announced this in its trading statement, ahead of the release of its second-quarter results on July 23.…\n","protected":false},"author":2,"featured_media":52173,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12699],"tags":[3238,5726],"class_list":["post-52172","post","type-post","status-publish","format-standard","has-post-thumbnail","category-totalenergies","tag-total","tag-totalenergies"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/52172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=52172"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/52172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/52173"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=52172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=52172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=52172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}