TotalEnergies SE: Third Quarter 2026: Main Indicators
Key Highlights
- ➤Hydrocarbon production expected at 2.45-2.50 Mboe/d, up more than 4% excluding Middle East impact
- ➤Integrated LNG results expected to rise sharply on higher prices and trading outperformance
- ➤Refining & Chemicals cash flow expected to increase $2 billion quarter-over-quarter
- ➤Integrated Power cash flow anticipated between $750 and $800 million
- ➤Positive working capital contribution anticipated at around $3 billion
The main indicators, estimated financial information and key elements impacting TotalEnergies’ (Paris:TTE) (LSE:TTE) (NYSE:TTE) third quarter 2026 aggregates are shown below:
3Q26 2Q26 1Q26 4Q25 3Q25 €/$ 1.15 1.16 1.17 1.16 1.17 Brent ($/b) 97.0 103.8 81.1 63.7 69.1 TTF ($/Mbtu) 21.5 15.6 13.7 10.3 11.3 Average liquids price * ((1)) ($/b) 87.1 91.6 73.7 61.4 66.5 Average gas price * ((1)) ($/Mbtu) 7.00 5.55 5.59 5.11 5.50 Average LNG price ** ((1)) ($/Mbtu) 12.28 10.20 8.48 8.48 8.91 European Refining Margin Marker (ERM) *** ($/b) 33.2 13.5 11.4 11.4 8.4 * Sales in $ / Sales in volume for consolidated affiliates. ** Sales in $ / Sales in volume for consolidated and equity affiliates. *** This market indicator for European refining, calculated based on public market prices ($/b), uses a basket of crudes, petroleum product yields and variable costs representative of the European refining system of TotalEnergies. ((1) )Does not include oil, gas and LNG trading activities, respectively.
Get started
Create a free account to read the full story.