TotalEnergies Boasts Strong Revenue Despite Q3 EPS Miss, Decline In LNG And Production

TotalEnergies SE (NYSE:TTE) shares are trading lower premarket on Thursday. The company reported third-quarter adjusted EPS of $1.74, missing the consensus of $1.82.

Sales of $52.02 billion topped the consensus of $46.207 billion.

Hydrocarbon production fell 1% quarter over quarter to 2,409 kboe/d due to unplanned shutdowns in Ichthys LNG and security-related disruptions in Libya.

Notably, last week, the company disclosed that it expected its hydrocarbon production levels in the third quarter to be around 2.4 Mboe/d, led by the ramp-up of the Mero 2 project in Brazil.

Apart from this, the company witnessed a 7% quarter-over-quarter decline ...