On July 23, 2026, TotalEnergies (NYSE: TTE) reported strong quarterly results. TotalEnergies is a major French energy company involved in oil and gas production, refining, and marketing. As part of its recent strategic moves, the company is set to exit its stake in the Arctic LNG 2 plant in Russia, as highlighted by Reuters.
The company announced an earnings per share (EPS) of $2.68, which narrowly beat analyst estimates of $2.66. This figure directly matches the company's reported adjusted net income per share of $2.68 for the second quarter of 2026. This result marks a 9% increase from the previous quarter, showing positive earnings momentum.
TotalEnergies also posted revenue of $57.10 billion, surpassing the estimated $55.13 billion. This performance is driven by a significant 67% rise in its second-quarter earnings. As detailed in a Reuters report, this growth is mainly due to higher oil prices and strong profit margins from refining fuels.
The company's financial health is further shown by its cash flow from operations (CFFO), which is the cash generated from its regular business activities. TotalEnergies reported a CFFO of $9.80 billion for the second quarter. During the same period, its adjusted net income reached $6.00 billion, a 12% increase quarter-over-quarter.
From a valuation standpoint, TotalEnergies has a trailing price-to-earnings (P/E) ratio of 12.64. The company maintains a debt-to-equity ratio of 0.52, a measure of its financial leverage. Its current ratio of 1.08 suggests it has sufficient assets to cover its short-term obligations.
