TotalEnergies (NYSE:TTE) Announces Quarterly Earnings Results

Key Points

• TotalEnergies beat Q1 expectations with EPS of $2.45 (consensus $2.01), reporting cash flow of €8.6 billion (+20%) and adjusted net income of €5.4 billion (+40%) aided by +4% organic upstream production.
• The board boosted shareholder returns, raising the first interim dividend to €0.90/share (+5.9%) and authorizing buybacks of up to $1.5 billion per quarter, targeting a >40% cash payout while keeping gearing in the low‑teens if prices remain high.
• Operations face material disruption: Middle East outages have shut in roughly 360,000 barrels/day (~15% of volumes) and SATORP refinery strikes cut throughput to ~50%, with potential months‑long repairs and management waiting for Strait of Hormuz stability before resuming regional production.

TotalEnergies (NYSE:TTE - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.44, Zacks reports. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%.

Here are the key takeaways from TotalEnergies' conference call:

• Middle East outages have shut in roughly 360,000 barrels/day (about 15% of TotalEnergies' volumes), reducing near‑term output — the company notes these assets account for only ~10% of upstream cash flow at $60/bbl but the disruption remains material.
• Strong Q1 results driven by higher prices and operations: cash flow was €8.6 billion (+20%) and adjusted net income €5.4 billion (+40%), with +4% organic upstream production growth helping offset regional losses.
• Board reinforced shareholder returns and balance‑sheet discipline, raising the first interim dividend to €0.90/share (+5.9%) and authorizing buybacks up to $1.5 billion per quarter, while targeting a >40% cash payout and gearing in the low‑teens if prices remain high.
• Refining disruption at SATORP after strikes cut throughput to ~50% (~230,000 bpd); one unit restart is targeted in early May but damaged conversion units may require months (potentially ~6+) of repair, weighing on downstream capacity.
• LNG and portfolio resilience: marketing exposure to Qatar shut‑ins is limited (~1.5 Mt for 2026) and TotalEnergies will absorb force majeure for customers, expects Q2 LNG sell price near $10/MMBtu, and has restarted Mozambique construction to broaden supply diversity.

TotalEnergies Trading Up 1.4%

NYSE:TTE traded up $1.25 during midday trading on Wednesday, hitting $92.28. The stock had a trading volume of 1,595,561 shares, compared to its average volume of 1,964,429. The company has a quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $85.91 and a 200 day moving average of $73.08. The company has a market capitalization of $221.25 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 3.48 and a beta of 0.13. TotalEnergies has a one year low of $56.31 and a one year high of $93.49.

TotalEnergies News Roundup

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: Q1 earnings beat and strong results: TotalEnergies reported a 29% rise in Q1 earnings, with EPS of $2.45 beating consensus and adjusted net income and cash flow up sharply — this is driving upward revision of near-term earnings expectations and supports the rally. TotalEnergies reports 29% earnings rise in Q1 on strong trading, prices
• Positive Sentiment: Shareholder returns resumed: Management restarted a $1.5 billion buyback program as earnings jumped — a clear cash-return signal that typically supports the share price. TotalEnergies Resumes $1.5 Billion Buyback as Earnings Jump
• Positive Sentiment: Dividend increase: The board declared a first interim dividend of €0.90/share for FY2026 (up ~5.9% vs. prior), boosting income investor appeal and signaling confidence in cash generation. TotalEnergies Decides the Distribution of a First Interim Dividend of €0.90/Share
• Positive Sentiment: Strategic expansion in power: TotalEnergies closed on a 50% stake in EPH’s flexible power generation platform (creating TTEP), strengthening its European flex‑gen footprint and diversifying earnings. Europe: TotalEnergies Finalizes the Acquisition of 50% of a Portfolio of Flexible Power Generation Assets From EPH
• Positive Sentiment: Analyst estimate upgrades: Scotiabank materially raised FY2026/2027 EPS forecasts for TTE, signaling higher street expectations that can lift valuation metrics. MarketBeat — analyst note summary
• Positive Sentiment: Renewables investment: TotalEnergies approved FID on a $1.2B wind project in Kazakhstan, reinforcing the company’s energy-transition pipeline and long-term growth optionality. TotalEnergies Announces FID on $1.2 Billion Wind Power Project in Kazakhstan
• Negative Sentiment: Geopolitical/operational risk in the Middle East: CEO says TotalEnergies will not resume regional production until Strait of Hormuz shipping transit stabilises — a cautious stance that keeps a material portion of upstream volumes offline and raises near-term production risk. TotalEnergies to wait for stable Strait of Hormuz transit before resuming operations in region

Hedge Funds Weigh In On TotalEnergies

A number of hedge funds and other institutional investors have recently modified their holdings of TTE. Sivia Capital Partners LLC increased its holdings in shares of TotalEnergies by 17.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company's stock valued at $315,000 after acquiring an additional 774 shares during the period. OpenArc Corporate Advisory LLC purchased a new stake in shares of TotalEnergies during the 4th quarter worth $310,000. Advyzon Investment Management LLC bought a new stake in TotalEnergies during the fourth quarter valued at about $287,000. Brown Brothers Harriman & Co. grew its stake in TotalEnergies by 135.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 4,227 shares of the company's stock valued at $277,000 after purchasing an additional 2,428 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new stake in shares of TotalEnergies during the third quarter valued at about $276,000. 16.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TTE. JPMorgan Chase & Co. raised TotalEnergies from a "neutral" rating to an "overweight" rating in a research report on Monday, March 2nd. TD Cowen reaffirmed a "buy" rating on shares of TotalEnergies in a research report on Monday, April 20th. Piper Sandler increased their target price on TotalEnergies from $74.00 to $92.00 and gave the stock a "neutral" rating in a research note on Thursday, March 12th. Wall Street Zen upgraded TotalEnergies to a "hold" rating in a research report on Saturday, January 17th. Finally, Morgan Stanley restated an "overweight" rating on shares of TotalEnergies in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, TotalEnergies presently has an average rating of "Moderate Buy" and a consensus price target of $80.97.

TotalEnergies Company Profile

TotalEnergies SE NYSE: TTE is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.

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