Morningstar

TotalEnergies Profit Surges on High Energy Prices

Provided by Dow Jones

By Adria Calatayud 




  TotalEnergies reported a surge in third-quarter net profit, as the French energy major got a boost from high energy prices and refining margins. 



  Net profit for the quarter was $8.26 billion, compared with $3.68 billion for the same period last year, TotalEnergies said Thursday. 



  On an adjusted basis, the company's net profit jumped to $9.1 billion from $3.98 billion, beating analysts' expectations of $8.73 billion, according to consensus estimates provided by Visible Alpha. 



  Revenue climbed to $61.86 billion from $43.84 billion. 



  TotalEnergies said it benefited from a high-price environment characterized by historically high refining-margin levels and a favorable natural-gas market, and that its trading operations outperformed at levels comparable with the prior two quarters. 



  The company anticipates average liquefied-natural-gas selling prices to rise in the fourth quarter. Fourth-quarter production is expected to grow by more than 3% when excluding the impact from the Middle East conflict, which is abating, it added. 



  TotalEnergies declared its third interim dividend for the year to 0.90 euros ($1) a share, up 5.9% on year but flat compared with its prior quarterly payout, and said that it would buy back shares valued at $2.5 billion in both the fourth quarter of 2026 and the first quarter of 2027, as previously indicated. 





  Write to Adria Calatayud at adria.calatayud@wsj.com 





  (END) Dow Jones Newswires



  October 29, 2026 03:57 ET (07:57 GMT)


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