EURONEXT-PAR$TTE
TotalEnergies SE · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
TotalEnergies reported FY 2025 IFRS net income of $13.1B with adjusted net income of $15.6B per its Form 20-F.
IFRS net income was $13.1 billion in an environment where oil prices fell 15%. Adjusted net income was $15.6 billion; cash flow from operations excluding working capital was $27.8 billion. ROACE was 12.6%. The company invested $17.1 billion including ~$3.5 billion in low-carbon energies and ended with 15% gearing.
- IFRS net income $13.1B.
- Adjusted net income $15.6B (-15% YoY).
- CFFO $27.8B; ROACE 12.6%.
- Investments $17.1B; gearing 15%.
Headline financials
Revenue & EPS history
TotalEnergies · Revenue · Quarterly
$50.6B
Forward guidance
2026 strategy continues balanced hydrocarbons and electricity pillars with disciplined capital allocation.
Tailwinds
- Best ROACE among majors for fourth straight year.
- Strong balance sheet and dividend capacity.
- Low-carbon investments ~$3.5B in 2025.
Headwinds
- Lower commodity prices vs. prior year.
- Energy transition capex competes with shareholder returns.
- Geopolitical and refining margin volatility.
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 Q4 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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