TTE Total Energies

$TTE TotalEnergies' Q3 trading update has the European refining margin marker at 33.2 dollars a barrel, vs 13.5 in Q2 and 8.4 a year ago. Brent actually averaged lower in Q3, 97.0 vs 103.8 in Q2. Refining and Chemicals cash flow is expected up about 2 billion dollars from Q2 on 10% higher throughput. Integrated LNG is seen rising sharply too, average LNG price up 20% QoQ to 12.28 dollars per Mbtu. Production is expected at 2.45 to 2.50 Mboe/d, Middle East impact down to about 5%. Full Q3 results land Oct 29.

$TTE French energy major TotalEnergies sees Q3 refining cash flow up $2B on Q2 as a 10% rise in refinery throughput let it fully capture historically high refining margins (margin marker $33.2/b vs Q2's $13.5/b). That extra $2B is about 20% of Q2 group cash flow of $9.8B; market value is about $197.8B at $89.64 (16:00 ET, Oct 14, 2026). Against it: Brent averaged $97.0/b vs $103.8 in Q2; it says E&P results will reflect production growth (2.45-2.50 Mboe/d) and sensitivity to lower oil, higher gas prices. Full Q3 results follow; the release gives no date.

TD Cowen analyst Jason Gabelman identified the integrated oil companies with the strongest outlooks for third-quarter results, with TotalEnergies leading the group as excess cash generation increases across the sector. TotalEnergies remains TD Cowen's top pick, with performance expected to benefit from its Sept. 28 Investor Day. The analyst estimates a $0.35-per-share trading upside and a roughly equivalent improvement in free cash flow. TotalEnergies is also among the companies most likely to increase share buybacks in the near term given its distribution targets. TD Cowen is also positive on Equinor ahead of earnings, citing strong gas prices and delayed tax payments that should support robust cash flow. The company is expected to deliver the largest EPS beat versus consensus among peers, while delayed tax payments could reduce net debt-to-capital by more than 5% quarter over quarter. $TTE $EQNR

TotalEnergies Expands BlackRock Partnership With $1.8B African Infrastructure Agreement $TTE $BLK https://stocktwits.com/news/equity/markets/total-energies-expands-black-rock-partnership-with-1-8-b-african-infrastructure-agreement/cZtuDOsRB3A