TotalEnergies

TTE Q4 2025 Earnings

Reported Feb 11, 2026 at 8:31 AM ET · SEC Source

Q4 25 EPS

$1.30

MISS 22.62%

Est. $1.68

Q4 25 Revenue

$45.93B

BEAT +0.56%

Est. $45.67B

vs S&P Since Q4 25

+15.7%

BEATING MARKET

TTE +21.5% vs S&P +5.8%

Full Year 2025 Results

FY 25 EPS

$5.78

MISS 17.82%

Est. $7.03

FY 25 Revenue

$182.34B

BEAT +0.14%

Est. $182.09B

Market Reaction

Did TTE Beat Earnings? Q4 2025 Results

TotalEnergies delivered a mixed fourth quarter for 2025, posting earnings that fell well short of expectations even as revenue held relatively steady. Adjusted EPS came in at $1.30, missing the $1.68 consensus by 22.62%, while revenue of $45.92 billi… Read more TotalEnergies delivered a mixed fourth quarter for 2025, posting earnings that fell well short of expectations even as revenue held relatively steady. Adjusted EPS came in at $1.30, missing the $1.68 consensus by 22.62%, while revenue of $45.92 billion edged just 0.56% above estimates despite sliding 2.5% from a year earlier. The primary culprit was a sharp drop in crude prices, with Brent averaging $63.70 per barrel in the quarter, down 8% sequentially and well below the $74.70 per barrel recorded in Q4 2024, which squeezed upstream realizations and pushed adjusted net income down to $3.84 billion from $4.41 billion a year prior. Results were further weighed by $700 million in offshore wind impairments within the Integrated Power segment. On a brighter note, Refining and Chemicals adjusted net operating income surged 46% quarter-over-quarter to $1.00 billion, offering a partial offset. Looking ahead, management targets 3% oil and gas production growth in 2026, net investments of roughly $15.00 billion, and cash flow above $26.00 billion at $60 per barrel Brent, while trimming Q1 buybacks to $750 million to preserve balance sheet flexibility amid oil price uncertainty.

Key Takeaways

  • Nearly 4% year-on-year growth in hydrocarbon production driven by project start-ups and ramp-ups
  • Strong European refining margins rising 35% year-on-year to $7.1/t
  • Renewable capacity growth of 8+ GW year-on-year reaching 34.1 GW gross installed
  • LNG sales growth of 10% year-on-year to 43.9 Mt
  • Working capital release of $3.8 billion in Q4 2025
  • Ichthys LNG restart in Australia driving 13% QoQ LNG production increase
  • Active portfolio management with $3.6 billion in divestments for the year
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TTE YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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TTE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26