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TotalEnergies (TTE)
NYSE:TTE
Holding TTE?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.8Last Year’s EPS
2.16Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -5.99%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with strong achievements in production and project developments but challenges in refining margins, LNG production, and cash flow sufficiency.Company Guidance
During the TotalEnergies Q3 2024 earnings call, the company outlined various financial and operational metrics, reflecting a challenging quarter. Adjusted net income was reported at $4.1 billion for the quarter, contributing to $13.9 billion for the first nine months of the year. Despite a decrease in the European refining margin market by 66% quarter-to-quarter, the company maintained a strong return on average capital employed at 14.6%. Oil and gas production was 2.41 million barrels of oil equivalent per day, within the guidance range, with expectations for Q4 to be between 2.4 and 2.45 million barrels. LNG sales increased by 8% quarter-to-quarter, although LNG production decreased by 7%. TotalEnergies anticipates its average LNG selling price to rise slightly to around $10 per Mbtu in Q4. The company remains committed to its capital investment guidance of $17 to $18 billion for the year, with ongoing shareholder returns supported by a projected $8 billion in buybacks for the full year.Strong Oil and Gas Production
TotalEnergies achieved first oil at the high-margin Anchor project in the Gulf of Mexico and first gas at the Fenix field offshore in Argentina. Production for the fourth quarter of '24 is expected to benefit from the end of security-related disruptions in Libya and the start-up of the Mero-3 project in Brazil.
GranMorgu Project Sanctioned
The company sanctioned the GranMorgu project offshore Suriname with estimated recoverable oil reserves of more than 750 million barrels. It is designed to accommodate future tie-in opportunities to extend the production plateau.
Integrated Power Growth
Integrated Power adjusted net operating income totaled $1.6 billion, up 21% year-on-year, and cash flow totaled $1.95 billion, up 35%, contributing to the resiliency of the company.
Successful Shareholder Returns
The company executed $2 billion in buybacks in the first quarter, in line with the objective of $8 billion for the full year '24. The third interim dividend was up nearly 7% compared to '23.
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TTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $62.77 | $61.77 | -1.59% |
| Jul 25, 2024 | $65.72 | $66.08 | +0.55% |
| Apr 26, 2024 | $71.30 | $72.08 | +1.09% |
| Feb 07, 2024 | $62.27 | $60.35 | -3.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TotalEnergies (TTE) report earnings?
TotalEnergies (TTE) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is TotalEnergies (TTE) earnings time?
TotalEnergies (TTE) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTE EPS forecast?
TTE EPS forecast for the fiscal quarter 2024 (Q4) is 1.8.
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