TotalEnergies sees Q3 output at 2.5 Mboe/d, up 4% Y/Y despite Ichthys LNG turnaround

[Exterior view of the headquarters of the oil company TotalEnergies, formerly known as Total]
HJBC

* TotalEnergies (NYSE:TTE [https://seekingalpha.com/symbol/TTE]) on Wednesday said [https://seekingalpha.com/pr/20266053-totalenergies-third-quarter-2025-main-indicators]oil and gas production for the third quarter is expected to be at 2.5 Mboe/d, growing 4% year-on-year, above the annual and quarterly guidance of more than 3% and despite the planned turnaround (~-50kboe/d) at Ichthys LNG.
* Integrated LNG cash flow should be in line with the second quarter of 2025 in a similar environment (~$9/Mbtu), while the integrated LNG results will be impacted by the planned turnaround at Ichthys LNG.
* Downstream results and cash flow are expected to improve by $400 to $600 million year-on-year, reflecting the improvement of the refining margin in Europe (ERM growing to $63/t vs. $15/t in the third quarter of 2024) despite the turnarounds at Antwerp and Port Arthur.
* Net investments are expected to be around $3 billion for the quarter, benefiting from around $500 million in divestments net of acquisitions, the company said.
* TotalEnergies' Paris stock exchange-listed shares ticked +2.3% higher at $51.40.

[ ]
TotalEnergies

MORE ON TOTALENERGIES

* TotalEnergies: LNG, Portfolio Shifts And Capex Discipline Create Opportunity [https://seekingalpha.com/article/4827915-totalenergies-lng-portfolio-shifts-and-capex-discipline-create-opportunity]
* TotalEnergies SE (TTE) Analyst/Investor Day Transcript [https://seekingalpha.com/article/4827171-totalenergies-se-tte-analyst-investor-day-transcript]
* TotalEnergies: Going For The Top Debt Rating [https://seekingalpha.com/article/4826976-totalenergies-going-for-top-debt-rating]
* TotalEnergies and Veolia team up for energy transition [https://seekingalpha.com/news/4501886-totalenergies-and-veolia-team-up-for-energy-transition]
* TotalEnergies to sell assets offshore Norway in latest step to cut debt [https://seekingalpha.com/news/4500664-totalenergies-to-sell-assets-offshore-norway-in-latest-step-to-cut-debt]