TTE Q3 2025 Earnings
Reported Oct 30, 2025 at 6:34 AM ET · SEC Source
Q3 25 EPS
$1.64
MISS 8.89%
Est. $1.80
Q3 25 Revenue
$43.84B
MISS 1.14%
Est. $44.35B
vs S&P Since Q3 25
+47.3%
BEATING MARKET
TTE +53.3% vs S&P +6.0%
Market Reaction
Did TTE Beat Earnings? Q3 2025 Results
TotalEnergies fell short of Wall Street expectations in Q3 2025, posting earnings per share of $1.64 against a consensus estimate of $1.80, an 8.89% miss, while revenue of $43.84 billion trailed the $44.35 billion forecast by 1.14% and declined 7.6% … Read more TotalEnergies fell short of Wall Street expectations in Q3 2025, posting earnings per share of $1.64 against a consensus estimate of $1.80, an 8.89% miss, while revenue of $43.84 billion trailed the $44.35 billion forecast by 1.14% and declined 7.6% year-over-year amid a softer crude price environment. The headline shortfall masked a more nuanced operational picture, as the company's adjusted net income climbed 11% quarter-over-quarter to $3.98 billion, lifted by record hydrocarbon production of 2,508 kboe/d, up 4% annually, and a sharp recovery in European refining margins. A planned turnaround at Ichthys LNG weighed on the Integrated LNG segment, which saw adjusted net operating income fall 18% sequentially to $852 million, acting as a meaningful drag on the quarter. Looking ahead, TotalEnergies expects Q4 production of 2,525 to 2,575 kboe/d and has announced a $7.50 billion cost savings program through 2030, reducing 2026 net capital expenditure guidance to approximately $16 billion, signaling a sharper focus on capital discipline as oil prices trend lower.
Key Takeaways
- • 4% year-on-year hydrocarbon production growth driven by start-ups and ramp-ups (Mero-2/3/4, Anchor, Ballymore, Fenix, Tyra)
- • Accretive impact of new barrels driving E&P adjusted net operating income growth exceeding production growth
- • Sharp improvement in European refining margins (ERM $63/t vs $35.3/t in Q2 and $15.4/t in Q3 2024)
- • Portfolio acquisitions of SapuraOMV in Malaysia and Eagle Ford shale gas assets in Texas
- • 9% quarter-over-quarter increase in net power production to 12.6 TWh from flexible generation in Europe
- • Improved unit margins in Marketing & Services despite lower volumes
TTE YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
TTE Revenue by Segment
With YoY comparisons, source: SEC Filings
TTE Earnings Trends
TTE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TTE EPS Trend
Earnings per share: estimate vs actual
TTE Revenue Trend
Quarterly revenue: estimate vs actual
TTE Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.04 | $2.64 | +29.25% | $54.16B | +16.45% |
| Q4 25 MISS FY | $1.68 | $1.30 | -22.62% | $45.93B | +0.56% |
| FY Full Year | $7.03 | $5.78 | -17.82% | $182.34B | +0.14% |
| Q3 25 MISS | $1.80 | $1.64 | -8.89% | $43.84B | -1.14% |
| Q2 25 MISS | $1.59 | $1.37 | -14.05% | $57.96B | +35.05% |