TotalEnergies EP Gabon Q2 FY26 net income drops 87% to $6 million; revenue rises 13% to $111 million vs Q1 FY26 - TTE News | RalliesTotalEnergies EP Gabon Q2 FY26 net income drops 87% to $6 million; revenue rises 13% to $111 million vs Q1 FY26
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TTE• Q2 net income falls as charges rise
- TotalEnergies EP Gabon posted Q2 2026 net income of $6 million, down 87% from Q1 on stock-position swings and higher charges.
- Cash flow from operations swung to $50 million from a $4 million outflow in Q1, helped by working-capital gains and higher revenue.
- Revenue rose 13% to $111 million versus Q1, tracking a 7% increase in average realized crude price to $100.2 a barrel.
First-half results improve despite lower revenue
- For H1 2026, net income more than doubled to $51 million as cash flow from operations swung to $46 million despite a 4% revenue dip.
Production declines on field decline and shutdowns
- Operated crude production fell 7% to 15 kb/d, citing field decline and shutdowns for integrity work on export and gas pipelines.
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