TotalEnergies publishes third-quarter 2026 earnings call transcript
TTE•TotalEnergies forecast 2026 cash flow above $42 billion, potentially reaching $43 billion, and reported adjusted net income of $9.1 billion, up more than 50% quarter over quarter. It plans $2.5 billion in share buybacks in each of the fourth quarter and first quarter of 2027.
1. Cash flow and returns
At its third-quarter earnings call, TotalEnergies forecast 2026 cash flow above $42 billion, potentially reaching $43 billion, and presented adjusted net income of $9.1 billion, up more than 50% quarter over quarter. The company plans $2.5 billion in share buybacks in the fourth quarter and another $2.5 billion in the first quarter of 2027. The final dividend could receive a top-up to meet its commitment to return 40% of cash flow to shareholders.
2. LNG outlook
CEO Patrick Pouyanné expects fourth-quarter LNG trading performance to be in the same range as the third quarter, with LNG selling prices potentially approaching $15 per MMBtu.
