TotalEnergies expected to report higher profit on strong margins and prices

what happened

French energy major TotalEnergies is scheduled to publish its third-quarter results on Thursday, according to a preview by Earnings Preview. Consensus data compiled by Visible Alpha points to adjusted net income of about $8.73 billion. That compares with $3.98 billion a year earlier and $6.03 billion in the second quarter of this year.

The stock is up roughly 50% so far this year, slightly ahead of BP and Shell but behind Repsol, Eni and Equinor. In July the company said it would prioritize strengthening its balance sheet and cut net debt by $3.3 billion, to $19.71 billion. Investors will watch how much of the extra cash goes toward debt reduction.

TotalEnergies has also said it plans to buy back $2.5 billion of shares in the fourth quarter and between $2 billion and $2.5 billion in the first quarter of 2027.

why it matters

Exceptional refining margins are boosting earnings, but the market will look for signs that this tailwind is fading. Key questions include fourth-quarter margins, the impact of soaring shipping costs and any sign of weaker demand for refined products.

market impact

Oil majors: a strong TotalEnergies report may support the sector, while margin pressure is the main risk

tags

instruments