TotalEnergies EP Gabon S.A.EC
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Q2 net income fell 87% quarter-on-quarter despite higher prices, with production down 7%.
Impact on stocks 3
Energy
TotalEnergies EP Gabon Reports Q2 Net Income of $6 Million
Earnings
TotalEnergies EP Gabon reported second-quarter 2026 net income of $6 million, down 87% from the first quarter, despite a 13% rise in revenues to $111 million. The company's average selling price for crude reached $100.2 per barrel, up 7% quarter-on-quarter, while production fell 7% to 15.0 thousand barrels per day due to field decline and pipeline maintenance. For the first half, net income surged 132% to $51 million on a 41% jump in average crude prices to $96.9 per barrel, though revenues dipped 4% to $209 million on lower sales volumes. Cash flow from operations swung to $50 million in the second quarter from negative $4 million in the prior quarter, helped by higher revenues and favorable working capital. The company also confirmed its annual dividend of $22.22 per share, totaling $100 million, was paid on June 9th.
TotalEnergies EP Gabon S.A.Q2 net income fell 87% quarter-on-quarter despite higher prices, with production down 7%.
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