Abstract The modulation of the leaf energy budget components to maintain optimal leaf temperature are fundamental aspects of plant functioning and survival. Better understanding these aspects becomes increasingly important under a drying and warming climate when cooling through evapotranspiration (E) is suppressed. Combining novel measurements and theoretical estimates, we obtained unusually comprehensive twig‐scale leaf energy budgets under extreme field conditions in droughted (suppressed E) and non‐droughted (enhanced E) plots of a semi‐arid pine forest. Under the same high mid‐summer radiative load, leaf cooling shifted from relying on nearly equal contributions of sensible ( H) and latent ( LE) energy fluxes in non‐droughted trees to relying almost exclusively on H in droughted ones, with no change in leaf temperature. Relying on our detailed leaf energy budget, we could demonstrate that this is due to a 2× reduction in leaf aerodynamic resistance. This capability for LE ‐to‐ H shift in leaves of mature Aleppo pine trees under droughted field conditions without increasing leaf temperature is likely a critical factor in the resilience and relatively high productivity of this important Mediterranean tree species under drying conditions.