TotalEnergies Forecasts Strong Q3 Performance on LNG Trading and Hormuz Tensions

Key Facts

TotalEnergies forecasts higher Q3 output and surging refining margins ahead of its scheduled earnings report on October 29, 2026. Benzinga reported that the energy major issued this positive outlook based on strong performance across its core segments.

Geopolitical tensions in the Strait of Hormuz have disrupted supply chains, leading to increased trading volatility and higher margins for energy majors with flexible LNG portfolios. These regional disruptions have translated into improved corporate margins despite the broader impact on global energy logistics.