TotalEnergies (NYSE:TTE) Releases Earnings Results, Beats Expectations By $0.02 EPS

TotalEnergies (NYSE:TTE) released its earnings results on Thursday. The company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.02, Zacks reports. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $57.10 billion for the quarter, compared to analyst estimates of $55.13 billion.

Here are the key takeaways from TotalEnergies’ conference call:

• TotalEnergies reported strong Q2 results, with cash flow of about $9.8 billion and adjusted net income of $6.0 billion, supported by favorable oil, refining, LNG and power market conditions.
• The company’s upstream production grew more than 4% year over year excluding Middle East disruptions, and management said this was ahead of its full-year guidance. E&P cash flow also rose sharply, helped by new projects and strong operating performance.
• Refining, chemicals and marketing had an exceptional quarter as the company shifted refinery runs toward diesel and jet fuel, capturing historically strong margins. Marketing and Services delivered its best-ever quarter, while trading also contributed strongly outside of gas.
• Gas trading underperformed in Q2 because European gas prices fell instead of rising as expected, but management said the position has since improved and results could rebound in Q3. Integrated LNG was also hurt by Middle East-related disruptions, including lower Qatar output.
• TotalEnergies continued to reward shareholders and strengthen the balance sheet, cutting gearing to 13.1%, raising the interim dividend by 5.9%, and authorizing another $1.5 billion of buybacks for Q3. The company also kept CapEx at about $3.4 billion in the quarter, in line with its full-year investment plan.

TotalEnergies Trading Up 0.4%

NYSE:TTE opened at $86.58 on Friday. TotalEnergies has a 52 week low of $57.39 and a 52 week high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The firm’s fifty day moving average is $84.12 and its 200-day moving average is $82.10. The firm has a market cap of $207.59 billion, a P/E ratio of 12.80, a P/E/G ratio of 3.07 and a beta of 0.14.

Key TotalEnergies News

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: TD Cowen raised its price target on TotalEnergies to $105 from $102 and reiterated a buy rating, signaling confidence in further upside. Article Title
• Positive Sentiment: TotalEnergies reported second-quarter adjusted EPS of $2.68, topping expectations, while revenue also came in above estimates, reinforcing the view that the business is executing well. Article Title
• Positive Sentiment: Quarterly profit jumped roughly 67% to 68% as higher oil prices and strong refining/trading performance offset weakness in gas, a favorable mix for earnings momentum. Article Title
• Positive Sentiment: The company cut net debt by $3.3 billion to $19.71 billion, and it also lifted its second interim dividend by 5.9%, both of which support the investment case for income and balance-sheet strength. Article Title
• Neutral Sentiment: Piper Sandler reaffirmed a neutral rating with an $85 price target, suggesting some analysts still see limited near-term upside versus the current share price. Article Title
• Neutral Sentiment: TotalEnergies said it will exit its stake in the Arctic LNG 2 project in Russia, a strategic move that may reduce geopolitical exposure but also reflects ongoing portfolio reshaping. Article Title
• Neutral Sentiment: The company disclosed that it earns about $400 million a year from selling Russian LNG cargoes, which is notable for context but not necessarily an immediate trading catalyst. Article Title

Institutional Trading of TotalEnergies

Institutional investors have recently bought and sold shares of the company. Sivia Capital Partners LLC grew its position in shares of TotalEnergies by 17.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after buying an additional 774 shares during the period. Johnson Investment Counsel Inc. acquired a new position in shares of TotalEnergies during the 4th quarter valued at $212,000. Commerce Bank bought a new position in TotalEnergies during the fourth quarter worth $274,000. Moneta Group Investment Advisors LLC acquired a new stake in TotalEnergies in the fourth quarter worth $273,000. Finally, Johnson Financial Group Inc. increased its stake in TotalEnergies by 85.9% in the third quarter. Johnson Financial Group Inc. now owns 3,024 shares of the company’s stock valued at $184,000 after purchasing an additional 1,397 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research analyst reports. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. TD Cowen upped their target price on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Finally, Mizuho began coverage on TotalEnergies in a research note on Monday. They issued an “outperform” rating and a $103.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.14.

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.