TotalEnergies (NYSE:TTE) Posts Quarterly Earnings Results, Beats Estimates By $0.44 EPS

TotalEnergies (NYSE:TTE) issued its quarterly earnings results on Wednesday. The company reported $2.45 earnings per share 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 Price Performance

Shares of TTE traded up $1.25 during trading hours on Wednesday, reaching $92.28. The stock had a trading volume of 2,075,482 shares, compared to its average volume of 1,973,039. The stock has a market capitalization of $221.25 billion, a PE ratio of 15.94, a PEG ratio of 3.48 and a beta of 0.13. TotalEnergies has a 12 month low of $56.31 and a 12 month high of $93.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.97. The company’s 50-day moving average is $86.21 and its two-hundred day moving average is $73.22.

Key Headlines Impacting TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: Q1 results materially beat expectations — adjusted EPS of $2.45 topped estimates and adjusted net income rose ~29%; strong trading and higher realized Brent prices drove results. TotalEnergies SE: First Quarter 2026 Results
• Positive Sentiment: Company will return more cash to shareholders — TotalEnergies resumed a $1.5B buyback and increased distributions, actions that typically support the share price. TotalEnergies Resumes $1.5 Billion Buyback as Earnings Jump
• Positive Sentiment: Interim dividend raised — Board declared a €0.90/share first interim dividend (up ~5.9%), showing commitment to higher cash returns. TotalEnergies Decides the Distribution of a First Interim Dividend of €0.90/Share
• Positive Sentiment: Strategic M&A/commercial moves — Completed the acquisition of 50% of EPH’s flexible power generation platform (creation of TTEP), expanding its flex‑gen footprint in Europe and supporting energy transition earnings. TotalEnergies Finalizes the Acquisition of 50% of a Portfolio of Flexible Power Generation Assets From EPH
• Positive Sentiment: Analyst revisions — Some brokers (e.g., Scotiabank) have sharply raised FY26/27 EPS forecasts, reflecting the stronger cash flow outlook and reinforcing bullish estimates. Unlocking Q1 Potential of TotalEnergies (TTE): Exploring Wall Street Estimates for Key Metrics
• Neutral Sentiment: Company provided a detailed earnings release and conference call materials; investors should listen for management commentary on capex, buyback pacing and regional operations. View Press Release / Conference Call
• Negative Sentiment: Geopolitical and operational risk in the Middle East — CEO said TotalEnergies will not resume some regional production until Strait of Hormuz shipping stabilizes; Reuters noted ~15% of upstream production was offline due to regional disruptions, a supply risk that could pressure volumes if prolonged. TotalEnergies to wait for stable Strait of Hormuz transit before resuming operations in region
• Negative Sentiment: Conflict-driven price boost is double‑edged — higher prices lifted near-term earnings but reflect geopolitical risk that could reverse or lead to volatility. TotalEnergies Increases Shareholder Returns as Iran Conflict Boosts Earnings

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently bought and sold shares of the company. Atlas Capital Advisors Inc. acquired a new stake in TotalEnergies in the fourth quarter valued at $43,000. McMillan Office Inc. acquired a new position in TotalEnergies during the 4th quarter worth about $51,000. Colonial Trust Advisors grew its position in shares of TotalEnergies by 49.3% in the 4th quarter. Colonial Trust Advisors now owns 924 shares of the company’s stock valued at $60,000 after buying an additional 305 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of TotalEnergies by 38.7% in the third quarter. Larson Financial Group LLC now owns 1,322 shares of the company’s stock valued at $79,000 after buying an additional 369 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of TotalEnergies in the fourth quarter valued at about $80,000. 16.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTE has been the subject of several recent analyst reports. Piper Sandler upped 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. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Freedom Capital downgraded TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen raised TotalEnergies to a “hold” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.97.

About TotalEnergies

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.