# TotalEnergies Set to Report $8.73 Billion Adjusted Net Income for Third Quarter

> TotalEnergies is expected to post $8.73 billion in adjusted net income for the third quarter, up from $3.98 billion a year earlier.

- Published: 2026-10-28T10:42:29+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-28/totalenergies-third-quarter-earnings-forecast
- Source: [MarketWatch](https://www.marketwatch.com/story/totalenergies-seen-with-higher-earnings-on-exceptional-margins-elevated-prices-earnings-preview-62ce6fcc)

## Key takeaways

- TotalEnergies is expected to report adjusted net income of $8.73 billion for the third quarter, according to a Visible Alpha consensus.
- The company plans to buy back $2.5 billion of shares in the fourth quarter and $2 billion to $2.5 billion in the first quarter of 2027.
- TotalEnergies paid down net debt by $3.3 billion in July, bringing it to $19.71 billion.

TotalEnergies is expected to report adjusted net income of $8.73 billion for the third quarter, according to a consensus compiled by Visible Alpha, up from $3.98 billion a year earlier. [MarketWatch](https://www.marketwatch.com/story/totalenergies-seen-with-higher-earnings-on-exceptional-margins-elevated-prices-earnings-preview-62ce6fcc) reported the forecast on October 28, 2026, ahead of the results. The French energy major, [TotalEnergies SE](https://akta.pro/company-profiles/0004vwa/totalenergies-se), was founded in 1928 and is headquartered in La Défense, France.

## TotalEnergies' Third-Quarter Earnings Expectations

The $8.73 billion consensus compares with $6.03 billion in the second quarter of 2026. Exceptional refining margins are expected to deliver an earnings boost, and investors will look for signs the tailwind is fading. They will want to know how margins are holding up into the fourth quarter, how soaring shipping costs are denting profits and whether there are signs of demand destruction for refined products.

Investors will also be looking at how much of the cash windfall TotalEnergies puts toward paying down debt. In July, it said it would prioritize shoring up its balance sheet and paid down net debt by $3.3 billion, bringing it to $19.71 billion. TotalEnergies has already said that it plans to buy back $2.5 billion of shares over the fourth quarter, and between $2 billion and $2.5 billion for the first quarter of 2027.

## TotalEnergies' Employee Share Offering

According to akta.pro [company records](https://akta.pro/company-data), TotalEnergies carried out a capital increase reserved for employees on June 26, 2026, issuing 5,548,563 new shares at €62.00 per share. The subscription period ran from June 3 to June 17, 2026, and raised €310.5 million from 59,366 employees across 97 countries. Employee shareholders now hold approximately 7.6% of share capital.

## TotalEnergies' Recent Deals and Divestments

On October 27, 2026, TotalEnergies completed the divestment of its 10% non-operated interest in the Renaissance JV licenses to Vaaris for $800 million, [Stock Titan](https://akta.pro/news-signals) reported. The company retains full economic interest in the three gas licenses, which supply 50% of Nigeria LNG's gas.

On October 28, 2026, TotalEnergies acquired a 25% working interest in 26 Chevron-operated offshore exploration leases in the U.S., including 24 in Green Canyon and 2 in Walker Ridge, Stock Titan reported. On October 26, 2026, TotalEnergies and KKR signed an agreement to add 700 MW of renewable capacity to their 50:50 U.S. joint venture, which holds 1.4 GW, Machine Maker reported.

## TotalEnergies' Fourth-Quarter Buyback Plan

TotalEnergies has said it plans to buy back $2.5 billion of shares over the fourth quarter and between $2 billion and $2.5 billion for the first quarter of 2027. The company is scheduled to report third-quarter results on Thursday.

## Companies in this story

- [TotalEnergies SE company profile](https://akta.pro/company-profiles/0004vwa/totalenergies-se) · website: https://totalenergies.com

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