EURONEXT-PAR$TTE
TotalEnergies SE · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
TotalEnergies reported solid Q2 2025 results despite lower oil prices, supported by production growth and strong cash flow generation.
TotalEnergies delivered $49.63B in revenue, $2.7B in net income, and $6.6B in cash flow, with hydrocarbon production growth offsetting weaker oil prices.
- Generated $6.6B cash flow despite 10% lower oil prices
- Adjusted net income reached $3.6B, with EPS of $1.57
- Hydrocarbon production grew 2.5% YoY to 2,503 kboe/d
- Maintained shareholder returns with $2B buyback planned for Q3
Headline financials
Revenue & EPS history
TotalEnergies · Revenue · Quarterly
$49.6B
Forward guidance
TotalEnergies expects production growth of over 3% in Q3 2025, with refining utilization rates around 80-85% and LNG prices sustained at $9-$9.5/Mbtu.
Tailwinds
- Projected hydrocarbon production growth of over 3% YoY in Q3
- Refining margins supported by stronger summer demand
- LNG selling prices expected to remain sustained at $9-$9.5/Mbtu
- Net investments to remain within $17-$17.5B guidance range
- Strong balance sheet maintained with continued share buybacks
Headwinds
- Oil market volatility expected to persist due to geopolitical risks
- Weak demand linked to global economic slowdown
- Petrochemical overcapacity continues to pressure margins
- Scheduled maintenance may limit refining utilization rates
- Macroeconomic uncertainties may impact energy prices
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
+0.3%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+2.5%
Avg return
30 days after
59%
38 / 64 earnings
Positive
+6.7%
Q3 2020
Best reaction
-7.1%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +0.0% | -17.8% | -17.3% | |
| Q4 2025 | +4.1% | +2.9% | +10.9% | |
| Q3 2025 | -1.1% | +0.0% | +7.5% | |
| Q2 2025 | -3.9% | +1.1% | +5.4% | |
| Q1 2025 | +0.2% | +2.5% | +3.2% | |
| Q4 2024 | +2.9% | +2.0% | +3.7% | |
| Q3 2024 | -1.6% | -0.3% | -8.8% | |
| Q2 2024 | +0.9% | -4.1% | +1.8% | |
| Q4 2023 | -1.3% | -0.6% | +1.1% | |
| Q3 2023 | +1.0% | +1.5% | +4.8% | |
| Q2 2023 | +0.3% | +1.1% | +4.3% | |
| Q1 2023 | +0.9% | -4.3% | -5.9% | |
| Q4 2022 | -0.0% | +3.6% | -1.2% | |
| Q3 2022 | +1.9% | +3.9% | +12.7% | |
| Q2 2022 | +0.5% | -3.9% | +5.7% | |
| Q1 2022 | +1.0% | +6.7% | +22.0% | |
| Q4 2021 | -2.3% | -4.3% | -17.3% | |
| Q3 2021 | -0.6% | +0.1% | -7.5% | |
| Q2 2021 | +0.2% | +2.8% | +2.4% | |
| Q1 2021 | -3.5% | -1.0% | +1.8% | |
| Q4 2020 | -2.7% | -1.7% | +14.1% | |
| Q3 2020 | +6.7% | +8.7% | +51.7% | |
| Q2 2020 | -1.7% | +2.7% | +4.3% | |
| Q1 2020 | +1.9% | +8.5% | +21.4% | |
| Q4 2019 | -1.3% | -1.5% | -15.4% | |
| Q3 2019 | -0.1% | +2.6% | -0.3% | |
| Q2 2019 | -0.2% | -1.1% | -10.5% | |
| Q1 2019 | -2.1% | -1.6% | -4.4% | |
| Q4 2018 | -0.8% | -0.0% | +1.8% | |
| Q3 2018 | -1.5% | +0.7% | -7.2% | |
| Q2 2018 | +2.5% | +4.5% | +2.5% | |
| Q1 2018 | +1.3% | -0.0% | -4.6% | |
| Q4 2017 | +0.5% | +2.4% | +4.6% | |
| Q3 2017 | +2.3% | +3.6% | +4.0% | |
| Q2 2017 | +0.4% | +1.6% | +2.5% | |
| Q1 2017 | -0.6% | -1.0% | +3.0% | |
| Q4 2016 | +1.8% | +1.4% | +0.5% | |
| Q3 2016 | -1.3% | -3.7% | -3.7% | |
| Q2 2016 | +2.5% | -0.4% | +3.3% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | +5.1% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +2.3% | — | — | |
| Q1 2015 | +1.7% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | +2.4% | — | — | |
| Q2 2014 | -7.1% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q4 2012 | -0.2% | — | — | |
| Q1 2013 | +0.9% | — | — | |
| Q3 2012 | +0.6% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q4 2011 | -5.8% | — | — | |
| Q3 2011 | -6.4% | — | — | |
| Q2 2011 | +2.9% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q2 2010 | +0.9% | — | — | |
| Q1 2010 | +2.9% | — | — | |
| Q3 2009 | — | — | — | |
| Q2 2009 | — | — | — | |
| Q1 2009 | — | — | — | |
| Q3 2008 | — | — | — | |
| Q2 2008 | — | — | — | |
| Q1 2008 | — | — | — | |
| Q3 2007 | — | — | — | |
| Q2 2007 | — | — | — | |
| Q1 2007 | — | — | — | |
| Q3 2006 | — | — | — | |
| Q2 2006 | — | — | — | |
| Q1 2006 | — | — | — | |
| Q4 2005 | — | — | — |
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