TotalEnergies reported $9.1 billion in adjusted net income for the third quarter of 2026, up 127% from a year earlier as exceptionally strong refining margins and higher natural gas and LNG prices boosted results.
By Carolina Curiel
Published October 30, 2026
What Readers Should Know
MONTREAL (Oil Monster): TotalEnergies reported its strongest quarterly adjusted earnings since early 2022 as tight supplies of refined petroleum products and higher natural gas prices boosted its refining and LNG businesses.
Adjusted net income reached $9.1 billion during the July-September quarter, compared with approximately $4 billion a year earlier and above the $8.3 billion average forecast of analysts surveyed by LSEG.
TotalEnergies also generated $12.3 billion in cash flow during the quarter and ended September with gearing below 10%.
Refining & Chemicals delivered approximately $3.6 billion in adjusted net operating income, more than five times the year-earlier result and roughly double the previous quarter.
TotalEnergies' European Refining Margin indicator climbed to $33.20 per barrel in Q3, compared with $8.40 a year earlier.
Chief Executive Patrick Pouyanné said refining throughput increased...