Key Takeaways TTE’s Q2 earnings and revenues missed estimates despite rising 70.7% and 27.8% year over year.Hydrocarbon production fell 4.3% as field declines and Middle East conflict outweighed start-up gains.Cash flow jumped 82.2%, while refining earnings surged 362.7% and power output rose 27.6%. <\/p>\n
TotalEnergies SE (TTE Quick QuoteTTE<\/a> – Free Report<\/a>) reported second-quarter 2026 operating earnings of $2.68 (\u20ac2.31) per share, which lagged the Zacks Consensus Estimate of $3.07 by 12.7%. The bottom line improved 70.7% from the year-ago figure of $1.57 (\u20ac1.38).<\/p>\n TTE\u2019s Total Revenues<\/p>\n Total revenues for the second quarter were $57.1 billion, which increased from the year-ago reported figure of $47.9 billion by 27.8%. The metric lagged the Zacks Consensus Estimate of $60.18 billion by 5.13%.<\/p>\n TTE\u2019s Q2 Production Details<\/p>\n In the second quarter, hydrocarbon production averaged 2,395 thousand barrels of oil equivalent per day, down 4.3% year over year. This year-over-year decrease was due to a natural decline in fields and the impact of ongoing conflict in the Middle East. The headwinds were marginally offset by contributions from start-ups and the higher availability of production facilities.<\/p>\n In the reported quarter, liquid production averaged 1,410 thousand barrels per day, down nearly 6.4% year over year.<\/p>\n Quarterly gas production was 5,330 thousand cubic feet per day, down 1.2% year over year.<\/p>\n TTE\u2019s Realized Price<\/p>\n The quarterly realized price for Brent was up 52.9% to $103.8 per barrel from $67.9 in the year-earlier period. The average realized liquid price was $91.6 per barrel, up 2% year over year.<\/p>\n Realized gas prices were down 39.6% year over year to $5.55 per thousand British thermal units (Btu).<\/p>\n Realized LNG prices were up 12.1% year over year to $10.2 per thousand Btu.<\/p>\n Highlights of TTE\u2019s Q2 Release<\/p>\n Net power production was 14.8 terawatt hours in the second quarter of 2026, up 27.6% year over year. Nearly 65% of the power generated came from renewable sources.<\/p>\n Net operating income was $6.87 billion, up 56.5% year over year due to strong contributions from Exploration & Production and Refining & Chemicals segments.<\/p>\n Interest expenses were $817 million, a tad higher from $816 million incurred in the prior-year period.<\/p>\n TotalEnergies acquired assets worth $141 million and sold assets worth $1,388 million.<\/p>\n The company repurchased 16.9 million shares worth $1.5 billion in the second quarter. TTE repurchased 26.3 million shares in the first half of 2026 for a total of $2.25 billion.<\/p>\n TTE\u2019s Segmental Details<\/p>\n Exploration & Production\u2019s operating earnings were $3.23 billion, up 6.4% from $1.97 billion in the year-ago period.<\/p>\n Integrated LNG\u2019s operating income was $0.8 billion, down 22.5% from $1.04 billion in the year-earlier quarter.<\/p>\n Integrated Power\u2019s operating income was $533 million, down 7.1% from $574 million in the year-ago quarter.<\/p>\n Refining & Chemicals\u2019 operating income of $1.6 billion increased 362.7% from $0.4 billion in the prior-year quarter.<\/p>\n Marketing & Services\u2019 operating income of $500 million improved 21.4% from $412 million in the second quarter of 2025.<\/p>\n TTE\u2019s Financial Update<\/p>\n Cash and cash equivalents as of June 30, 2026, were $27.68 billion compared with $26.2 billion as of Dec. 31, 2025. Gearing, including leases, was 17.9% at the end of the second quarter of 2026 compared with 22.6% at the end of second-quarter 2025.<\/p>\n Cash flow from operating activities in second-quarter 2026 was $10.86 billion, up 82.2% year over year. Free cash flow after prganic investments was $5.11 billion compared with $1.8 billion in year-ago quarter.<\/p>\n TTE\u2019s net investments in the second quarter amounted to $3.4 billion and $7.9 billion in the first half of 2026, consistent with the annual guidance of $15 billion.<\/p>\n TTE\u2019s Guidance<\/p>\n Excluding the impact of the conflict in the Middle East, the production of the third quarter is expected to grow around 3% compared with third quarter of 2025.<\/p>\n TTE expects the refinery utilization rate to be between 80% and 85% in the third quarter, partly due to SATORP operating at 70% of nominal capacity since early May. The facility is expected to return to full capacity by the end of the third quarter of 2026.<\/p>\n TTE anticipates investing $15 billion in 2026, including sizeable investments for low-carbon energies.<\/p>\n The company\u2019s board of directors authorized share buybacks up to $1.5 billion in third quarter.<\/p>\n TTE\u2019s Zacks Rank<\/p>\n TotalEnergies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today\u2019s Zacks #1 Rank (Strong Buy) stocks here<\/a>.<\/p>\n Upcoming Releases<\/p>\n Devon Energy Corporation (DVN Quick QuoteDVN<\/a> – Free Report<\/a>) is slated to report second-quarter 2026 results on Aug. 4, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.30 per share, which indicates a year-over-year increase of 54.76%. Devon\u2019s earnings surpassed estimates in each of the trailing four quarters, resulting in an average surprise of 4.57%.<\/p>\n Murphy Oil Corporation (MUR Quick QuoteMUR<\/a> – Free Report<\/a>) is slated to report second-quarter 2026 results on Aug. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.47 per share, which indicates a year-over-year rise of 444.4%. Murphy Oil\u2019s earnings surpassed estimates in each of the trailing four quarters, resulting in an average surprise of 117.54%.<\/p>\n Occidental Petroleum Corporation (OXY Quick QuoteOXY<\/a> – Free Report<\/a>) is slated to report second-quarter 2026 results on Aug. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.95 per share, which indicates year-over-year growth of 400%. Occidental\u2019s earnings surpassed estimates in each of the trailing four quarters, resulting in an average surprise of 49.72%.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways TTE’s Q2 earnings and revenues missed estimates despite rising 70.7% and 27.8% year over year.Hydrocarbon production…\n","protected":false},"author":2,"featured_media":56450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12699],"tags":[14595,10803,12358,2079,16006,16008,16009,16007,13389,5325,13390,16010,13962,2554,5726],"class_list":["post-56449","post","type-post","status-publish","format-standard","has-post-thumbnail","category-totalenergies","tag-financial","tag-financial-planning","tag-investing","tag-investment","tag-investment-advice","tag-online-investment","tag-online-stock-trading","tag-online-trading","tag-quote","tag-quotes","tag-stock","tag-stock-market","tag-stock-quotes","tag-stocks","tag-totalenergies"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/56449","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=56449"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/56449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/56450"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=56449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=56449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=56449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}