TotalEnergies Q3 Net Income Jumps 52% to $8.3B; Refining Margins Triple
TTE sits 56% above its 52-week low of $60.58.
Summary
TotalEnergies reported Q3 2026 net income of $8,263 million, up 52% quarter-on-quarter, as refining margins tripled to $33.2/bbl, and declared a third interim dividend of €0.90 per share, a 5.9% increase.
Key Events · Earnings and Guidance · TTE
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Q3 Earnings More Than Double
Net income was $8,263 million versus $3,683 million a year earlier, and adjusted net income $9,097 million versus $3,980 million. Adjusted EBITDA reached $17,809 million, up 35% quarter-on-quarter.
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Refining Margins Drive the Beat
The European Refining Margin averaged $33.2/bbl versus $8.4 a year ago, pushing Refining & Chemicals adjusted net operating income to $3,601 million from $687 million. Integrated LNG contributed $1,885 million on a 20% higher average LNG price of $12.28/Mbtu.
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$1.9B Impairments Hit Reported Income
Adjusting items totaled $(834) million after tax, including $(1,945) million of impairments, mainly offshore wind in Integrated Power and the Hanwha TotalEnergies Petrochemical participation.
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Balance Sheet Strengthens, Dividend Raised
Gearing fell to 9.1% at September 30, 2026 from 13.1% at June 30, 2026. The board set a third interim dividend of €0.90 per share, up 5.9% year-on-year, payable April 2, 2027 on Euronext and April 20, 2027 on the NYSE.
Analysis · TTE · Energy & Transportation
Third-quarter earnings more than doubled year-on-year, with net income of $8,263 million versus $3,683 million and adjusted net income of $9,097 million versus $3,980 million. The driver is downstream: the European Refining Margin averaged $33.2/bbl against $8.4 a year earlier, lifting Refining & Chemicals adjusted net operating income to $3,601 million from $687 million. That cash generation cut gearing to 9.1% from 17.3% a year ago and funds a third interim dividend of €0.90 per share, up 5.9%, alongside $1.5 billion of buybacks in the quarter. The offset is $1.9 billion of impairments, mainly offshore wind in Integrated Power and the Hanwha TotalEnergies Petrochemical stake, which is why reported net income sits below the adjusted figure. Management guides Q4 LNG realizations above $14/Mbtu and fourth-quarter production growth above 3% excluding the Middle East conflict impact.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39.1% of the 988 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, TTE was trading at $94.30 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $207.3B. The 52-week trading range was $60.58 to $94.17. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.