TotalEnergies EP Gabon Reports Third Quarter and Nine-Month Financial Results for 2025

TotalEnergies EP Gabon has released its financial results for the third quarter and first nine months of 2025. The average Brent crude price rose to $69.1 per barrel in Q3, a 2% increase from Q2. The company's crude oil price also showed an 11% rise over the same period, reaching $68.6 per barrel.

Crude oil production increased by 15% in the third quarter compared to Q2, totaling 16.2 thousand barrels per day, although production was down 9% year-over-year for the first nine months. Sales volumes fell by 31% in Q3, contributing to a 20% decline in quarterly revenue compared to Q2. Overall, revenues for the first nine months decreased by 26% year-over-year.

Third quarter cash flow was up 59% from Q2, reaching $73 million, whereas the nine-month cash flow showed a significant drop to negative $109 million. Capital expenditures decreased by 45% in Q3 from Q2, amounting to $11 million. Net income improved to $13 million in Q3, though it was down by 55% for the first nine months compared to 2024.