Energy and Utilities Update: Market Insights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2025
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Source: WSJ
TotalEnergies Q3 Performance: TotalEnergies' net income for the third quarter met analysts' expectations, with upstream performance exceeding consensus while downstream slightly lagged.
Cash Flow and Debt: The company's underlying cash flow from operations was slightly below expectations, but net debt decreased to $24.6 billion from $25.9 billion.
Future Focus: Analysts highlight that TotalEnergies' key challenge moving forward will be to successfully manage $2 billion in planned divestments across various assets.
Analyst Insights: RBC analysts noted that there was little variance in performance across divisions relative to market expectations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
