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TotalEnergies Q3 2026 results: financial summary

TotalEnergies made $9.1bn of adjusted net income in Q3 2026, up 51% on the quarter, as refining posted a record and gearing fell to 9.1%. Profit, cash, returns and segments, from the company’s own results.

By Entelera Research

Summary

TotalEnergies reported adjusted net income of $9.10bn for the third quarter of 2026 on 29 October 2026, up 51% on Q2 2026’s $6.03bn and more than double the $3.98bn of Q3 2025. Net income (TotalEnergies share) was $8.26bn.

Key numberQ3 2026Change
Adjusted net income$9.10bn+51% vs Q2 2026; +129% vs Q3 2025
Net income (TotalEnergies share)$8.26bn+52% vs Q2 2026; +124% vs Q3 2025
Cash flow from operations excl. working capital (CFFO)$12.3bn+25% vs Q2 2026; +74% vs Q3 2025
Gearing, 30 September 20269.1%13.1% at 30 June 2026
Source: TotalEnergies Q3 2026 results.

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Key findings

  • Adjusted net income of $9.10bn in Q3 2026, up 51% on Q2 2026 and 129% on Q3 2025.
  • Record downstream quarter: Refining & Chemicals earned $3.60bn as its refining margin (ERM) averaged $33.2/bbl.
  • CFFO of $12.3bn; net debt down to $13.8bn and gearing to 9.1%.
  • $1.5bn of buybacks in the quarter; $2.5bn authorised for each of Q4 2026 and Q1 2027.
  • Interim dividend of €0.90 ($1.04) a share, up 5.9% on 2025.
  • Q4 2026 LNG price guided above $14/MMBtu.

Sample chart

Bar chart of TotalEnergies net income: $3.7bn in Q3 2025, $5.4bn in Q2 2026 and $8.3bn in Q3 2026; adjusted net income $4.0bn, $6.0bn and $9.1bn
TotalEnergies’ adjusted net income rose 51% on the quarter to $9.1bn in Q3 2026. Source: TotalEnergies Q3 2026 results.

Table of contents

  1. Headline numbers vs the prior quarter and the prior year
  2. Profit: reported and adjusted
  3. Revenue and operating cash flow
  4. Capex, net debt and gearing
  5. Buybacks and dividends
  6. Segment results
  7. Production and throughput
  8. Guidance and outlook
  9. What it means
  10. Notes on the numbers and sources

Methodology

Built only from TotalEnergies’s own published results documents for the period (results release, financial statements or stock-exchange filing) listed in the Sources section. No broker, consensus or paywalled data. Changes are Entelera calculations from the published figures. Non-US-dollar amounts are converted at the rate stated in the notes.

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