TotalEnergies announced adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $10.3 billion in the third quarter (Q3) of 2025, an increase from $9.7 billion recorded in the second quarter (Q2) of 2025.

The company’s net income surged by approximately 37% quarterly, rising to $3.7 billion in Q3 2025, up from $2.7 billion in Q2 2025. This strong financial performance was underscored by cash flow from operations excluding working capital (CFFO), which reached $7.1 billion in Q3, compared to $6.6 billion in Q2 2025.

Patrick Pouyanne, TotalEnergies CEO, attributed the results to a “profitable growth strategy and integrated model,” noting that the financials are underpinned by “accretive hydrocarbon production growth of more than 4% year-on-year and improved downstream results.” Net operating income from the Exploration and Production (E&P) segment increased by 10% from the second quarter, reaching $2.2 billion in Q3 2025.

Despite the strong quarterly growth, the company’s year-to-date figures show a decline from the prior year. Adjusted EBITDA for the first nine months of 2025 reached $30.5 billion, a decrease of 7% compared to the same period in 2024. Similarly, net income for the nine months declined by 13% to $10.2 billion.

TotalEnergies is a global multi-energy company headquartered in Paris, operating across more than 130 countries. Founded in 1924, it is involved in the production and supply of oil, natural gas, electricity, and renewable energy.