TotalEnergies (TTE) Falls Short of Estimates in Q3

Core Insights - TotalEnergies SE (NYSE:TTE) has been recognized as one of the 11 Best High Yield Energy Stocks to Buy Now [1] - The company reported Q3 results on October 30, falling short of profit and revenue estimates, yet earnings remained nearly flat year-on-year despite a $10 per barrel decrease in oil prices [3] - TotalEnergies is the third-largest LNG operator globally, with projected sales of 40 million metric tons in 2024 [2] Financial Performance - Q3 earnings were stable year-on-year, with hydrocarbon production increasing by 4% YoY to 2.5 million barrels of oil equivalent per day, resulting in a 10% increase in upstream earnings [3][4] - The company announced a third interim dividend of €0.85 per share for FY2025, reflecting a 7.6% increase compared to the previous year [5] Strategic Outlook - CEO Patrick Pouyanné emphasized the company's strong financials driven by hydrocarbon production growth and improved downstream results, showcasing a profitable growth strategy and integrated business model [4]