TotalEnergies SE (GB:TTE)
LSE:TTE
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.73Last Year’s EPS
1.57Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive picture: the company delivered solid 2025 financial and operational results (CFFO $28bn, strong ROACE/TSR), exceeded emissions targets (methane -65%), grew upstream and power businesses (upstream +4%, power ~+20%, renewables +8 GW), and advanced strategic deals (Namibia, EPH, NYSE listing). Challenges were noted but are largely operational or market-driven—one fatality in operations, near-term refining/chemical headwinds, LNG market softness and geopolitical/legal uncertainty around Russian LNG marketing. Management has set conservative 2026 planning assumptions (e.g., $60/bbl and TTF $10/MMBtu), tightened capex guidance ($15bn), launched a $12.5bn cash-savings program, and anchored a ~15% gearing target to address investor concerns. Overall, the positives (growth, decarbonization progress, deal pipeline, strong cash generation and capital discipline) outweigh the listed challenges.Company Guidance
Strong cash flow and profitability in 2025
Operating cash flow (CFFO) of $28 billion (in line with guidance); net adjusted income $15.6 billion; IFRS net income $13.1 billion; ROACE ~12.6%; total shareholder returns (TSR) best-in-class at 28% for 2025; shareholder distributions (dividend + buybacks) of $15.6 billion (~55% payout of CFFO).
Upstream production growth and high-quality, accretive barrels
Upstream production grew ~4% in 2025 (above guidance >3%); ~150,000 boe/d of new production brought online in 2025; proved reserve replacement ~120% (reserve life ~12 years); new production average CFFO >$30/boe vs baseline ~$19/boe, contributing an estimated +$700 million CFFO in 2025.
Integrated Power expansion and improving cash profile
Net power production grew ~20% in 2025 (~50 TWh) and Integrated Power CFFO reached $2.6 billion (target >$2.5bn). EPH transaction expected to add ~15 TWh net production and ~$750 million available cash flow annually after closing; Integrated Power expected to be >$3 billion CFFO in 2026 and move towards being free-cash-positive.
Large renewables buildout and data-center power deals
Renewables installed capacity increased by ~8 GW in 2025 (from ~26 GW to ~34 GW estimated); signed multi-gigawatt data-center-backed PPAs (including deals with Google, Microsoft, Amazon) and 4 GW+ projects backed by data-center demand in 2025/26; data-center tailored offerings capture ~10% PPA premium and are expected to generate ~$250 million EBITDA/year when realized.
Emissions reduction targets exceeded
Methane emissions down ~65% vs 2020 (target was -60%); Scope 1 & 2 emissions from oil & gas operations reduced by ~1 million tonnes vs 2024 and cumulative reduction ~38%; lifecycle carbon intensity of products down ~19% vs 2015; $1 billion energy-efficiency program (2023–25) delivered ~2 million tonnes CO2e reduction and ~$200 million/year in savings.
CapEx discipline, portfolio recycling and balance-sheet strength
2025 capex disciplined at $17.1 billion (in guidance); organic capex ~$16.8bn with acquisitions ~$3.9bn and divestments ~$3.6bn; recycling of capital with farm-downs / divestments ~ $2 billion in 2025; gearing maintained under 15% (14.7% at year-end 2025).
Successful strategic deals and repositioning
Joined NYSE with U.S. ordinary share listing (Dec 8, 2025); signed major Namibia transaction (cashless swap with Galp) securing 40% operated interest in PEL83 (Mopane) and strengthened position in Orange Basin; announced merger of certain U.K. upstream assets with NEO NEXT to create scale and synergies.
Namibia: material new deepwater growth platform
Acquired anchor position in Namibia (PEL83/PEL56): Venus ~750 million barrels (150 kb/d plateau, costs < $20/bbl; targeted FID mid-2026, first oil ~2030); Mopane ~800–1,100 million barrels (200+ kb/d phased production, target emissions intensity <15 kg CO2e/boe and costs < $20/bbl; target FID ~2028); combined hub could reach ~350 kb/d and unlock ~1.5 billion bbls of discovered resources + ~10 billion bbl prospective upside in basin.
Resilient LNG/integrated gas performance despite softer markets
Integrated LNG sales volume grew ~10% in 2025; integrated LNG CFFO ~$4.7 billion in 2025 (only ~4% below 2024 despite narrower Asia–Europe spreads and lower volatility).
GB: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
GB:TTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | €61.92 | €60.71 | -1.97% |
Oct 30, 2025 | €50.41 | €51.68 | +2.52% |
Jul 24, 2025 | €51.07 | €50.50 | -1.13% |
Apr 30, 2025 | €49.38 | €48.20 | -2.38% |
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.
FAQ
When does TotalEnergies SE (GB:TTE) report earnings?
TotalEnergies SE (GB:TTE) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is TotalEnergies SE (GB:TTE) earnings time?
TotalEnergies SE (GB:TTE) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of TotalEnergies SE stock?
The P/E ratio of TotalEnergies SE is N/A.
What is GB:TTE EPS forecast?
GB:TTE EPS forecast for the fiscal quarter 2026 (Q1) is 1.73.