TotalEnergies Q3 Earnings: Non-GAAP EPS Beats Estimates Amid Revenue Miss
TotalEnergies SE reported third-quarter financial results featuring a significant beat on earnings per share, with Non-GAAP EPS reaching $4.03, exceeding analyst expectations by $0.42. Despite the earnings strength, the company's revenue of $61.62 billion fell short of market estimates by approximately $6.31 billion. The company demonstrated strong year-over-year growth with revenue increasing by 40.6%. Additionally, TotalEnergies reported a strengthened balance sheet, noting that gearing levels dropped below 10% by the end of the third quarter. The report also mentions a new capital increase specifically reserved for employees.
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