TotalEnergies SE (TTE) Tops Q3 EPS by 22c; offers outlook

TotalEnergies SE (NYSE: TTE) reported Q3 EPS of $2.63, $0.22 better than the analyst estimate of $2.41. Revenue for the quarter came in at $54.41 billion versus the consensus estimate of $50.46 billion.

OUTLOOK

In the fourth quarter 2023, TotalEnergies anticipates cash proceeds of around $4.1 billion(18) from the Canadian assets divestments, which could bring back the gearing below 8%. The Company confirms 2023 net investment guidance between $16 and $17 billion.

For earnings history and earnings-related data on TotalEnergies SE (TTE) click here.

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