Q2 25 EPS
$1.37
MISS 14.05%
Est. $1.59
Q2 25 Revenue
$57.96B
BEAT +35.05%
Est. $42.92B
vs S&P Since Q2 25
+21.2%
BEATING MARKET
TTE +36.4% vs S&P +15.1%
Market Reaction
Did TTE Beat Earnings? Q2 2025 Results
TotalEnergies delivered a mixed second quarter for 2025, posting earnings that fell short of Wall Street expectations even as revenue cleared estimates by a wide margin. The French energy giant reported adjusted EPS of $1.37, missing the $1.59 consen… Read more TotalEnergies delivered a mixed second quarter for 2025, posting earnings that fell short of Wall Street expectations even as revenue cleared estimates by a wide margin. The French energy giant reported adjusted EPS of $1.37, missing the $1.59 consensus by 14.05%, while revenue of $57.96 billion topped the $42.92 billion estimate by 35.05%, rising 0.9% year over year. The earnings shortfall traced directly to deteriorating commodity prices, with Brent crude sliding roughly 10% to $67.90 per barrel and LNG selling prices retreating to $9.10 per million BTU, compressing margins across Exploration and Production and Integrated LNG, the company's two largest profit contributors. Adjusted net income fell 15% sequentially to $3.58 billion as a result. Looking ahead, TotalEnergies guided Q3 LNG selling prices to $9.00 to $9.50 per million BTU and projected hydrocarbon production growth above 3% year over year, with full-year net investments expected to stay within the $17.00 to $17.50 billion guidance range as planned asset disposals unfold in the second half.
Key Takeaways
- • Lower Brent oil prices ($67.9/b in Q2 vs $75.7/b in Q1) reduced E&P profitability
- • Lower average LNG selling price ($9.10/Mbtu vs $10.00/Mbtu in Q1) and reduced gas trading volatility
- • Production growth of 2.5% year-over-year from start-ups and ramp-ups (Mero-2/3/4, Fenix, Tyra, Anchor, Ballymore)
- • Improved refining margins and utilization rates boosted Refining & Chemicals results
- • Seasonal demand in European transport markets lifted Marketing & Services
- • Net power production up 28% year-over-year driven by renewable growth and UK gas flexible capacity acquisitions
- • Gross installed renewable capacity grew 26% year-over-year to 30.2 GW
TTE YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
TTE Revenue by Segment
With YoY comparisons, source: SEC Filings
TTE Earnings Trends
TTE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TTE EPS Trend
Earnings per share: estimate vs actual
TTE Revenue Trend
Quarterly revenue: estimate vs actual
TTE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $2.16 | $2.64 | +22.22% | $54.16B | +17.03% |
| Q4 25 MISS FY | $1.77 | $1.30 | -26.45% | $45.93B | +43.07% |
| FY Full Year | $7.03 | $5.78 | -17.82% | $182.34B | +0.14% |
| Q3 25 MISS | $1.80 | $1.64 | -8.89% | $43.84B | -1.14% |
| Q2 25 MISS | $1.59 | $1.37 | -14.05% | $57.96B | +35.05% |