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TotalEnergies (TTE)
NYSE:TTE
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TotalEnergies
(NYSE:TTE)
Rating:78Outperform
Price Target:
$69.00
â–²(13.21% Upside)
Positive Factors
Dividend yield
The dividend yield remains a valuation support at 6.5% with likely annual growth of 5%.
Oil prices
Higher oil prices lead to an increase in Exploration & Production estimates.
Refining margins
Refining margins have strengthened, contributing positively to the earnings estimates.
Negative Factors
Buybacks
There is an expectation that buybacks will be reduced at the upcoming Analyst Day.
Earnings per share
The decrease in earnings per share is primarily driven by a significant increase in corporate costs.
Leverage
TTE's leverage is expected to climb, potentially reaching 16% by the end of 2025.
TotalEnergies (TTE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$135.56B
Dividend Yield5.8%
Average Volume (3M)1.36M
Price to Earnings (P/E)10.7
Beta (1Y)0.27
Revenue Growth-10.73%
EPS Growth-36.76%
CountryUS
Employees95,393
SectorEnergy
Sector Strength58
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)1.57
Shares Outstanding2,281,206,300
10 Day Avg. Volume1,226,153
30 Day Avg. Volume1,364,316
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue0.92
Enterprise Value/Gross Profit5.54
Enterprise Value/Ebitda4.48
Forecast
1Y Price Target
$67.49Price Target Upside10.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
TotalEnergies Business Overview & Revenue Model
Company DescriptionTotalEnergies SE is a global multi-energy company headquartered in France, engaged in the production and supply of energy across various sectors, including oil, natural gas, and renewable energy. The company operates through several segments, including upstream (exploration and production), midstream (transportation and storage), and downstream (refining, marketing, and distribution). TotalEnergies is also heavily investing in renewable energy sources, such as solar and wind power, to transition towards a more sustainable energy future.
How the Company Makes MoneyTotalEnergies generates revenue through multiple streams, primarily from its upstream activities, which involve the exploration and production of crude oil and natural gas. The company sells produced hydrocarbons to refineries and other customers, contributing significantly to its earnings. Additionally, the midstream segment, which includes transportation and storage, provides revenue through the transportation of oil and gas. The downstream segment is another crucial revenue source, where TotalEnergies refines crude oil into petroleum products and markets them through its extensive network of service stations and retail outlets. The company's investments in renewable energy projects also create new revenue opportunities, particularly as global demand for clean energy increases. Strategic partnerships and joint ventures, particularly in emerging markets and renewable energy sectors, further enhance TotalEnergies' ability to diversify its income and drive growth.
TotalEnergies Key Performance Indicators (KPIs)
Any
Petroleum Sales by Region
Shows where petroleum products are being sold globally, indicating regional demand trends and potential exposure to geopolitical or economic shifts.
Shows where petroleum products are being sold globally, indicating regional demand trends and potential exposure to geopolitical or economic shifts.
Data provided by:
Main Street Data
Main Street DataTotalEnergies Earnings Call Summary
Earnings Call Date:Jul 24, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with strong production growth and disciplined cost management on one hand, while facing challenges from a difficult macroeconomic environment and weak refining margins. Despite these challenges, the company maintained its commitment to shareholder returns.Q1-2025 Updates
Positive Updates
Strong Production Growth
TotalEnergies delivered robust year-on-year production growth of nearly 4% in Oil & Gas and 18% in Electricity, representing a unique TotalEnergies production growth of close to 5%.
Cost Management
Operating costs were kept low with OpEx per barrel maintained below $5 per barrel, showcasing effective cost management despite inflationary trends.
Shareholder Returns
The Board confirmed a 7.6% increase in the first interim dividend to €0.85 per share and announced share buybacks of up to €2 billion for the second quarter.
Exploration & Production Success
E&P reported adjusted net operating income of $2.5 billion and a cash flow of $4.3 billion, up 6% and 9% quarter-to-quarter, respectively.
Negative Updates
Challenging Macroeconomic Environment
The global environment is more challenging due to geopolitical uncertainties and a softening price environment, with oil prices dropping below $70 per barrel.
Weak Refining Margins
The European refining margin remained weak, averaging $29 per tonne over the quarter, impacting cash flow by $150 million.
Operational Challenges
Issues at Donges and productive refineries negatively impacted cash flow by about $200 million.
Company Guidance
During TotalEnergies' first quarter 2025 results conference call, the company provided guidance amidst a challenging global environment. The CEO, Patrick Pouyanné, highlighted a 4% year-on-year growth in oil and gas production and an 18% increase in electricity production, contributing to a total production growth of close to 5%. The company maintained its cost control with operating expenses below $5 per barrel. TotalEnergies also affirmed its commitment to shareholder returns with a 7.6% increase in the first interim dividend to €0.85 per share and announced up to €2 billion in share buybacks for the second quarter. Despite the current market volatility, the company remains confident in achieving its growth objectives for 2025, supported by a reserve life of over 12 years and a strong balance sheet with a gearing of 14.3%, normalized to 11% excluding seasonal impacts. TotalEnergies anticipates its average LNG selling price to be between $9 and $9.5 per MBtu in the second quarter, with a focus on maintaining flexibility and resilience in the face of macroeconomic and geopolitical uncertainties.TotalEnergies Financial Statement Overview
Summary
TotalEnergies maintains a robust financial position with strong profitability and cash flow metrics, despite a recent revenue decline. The balance sheet reflects solid equity and manageable debt levels, supporting long-term stability. While growth challenges exist, the company's operational efficiency and cash generation provide a solid foundation for future opportunities.Income Statement
TotalEnergies exhibits strong profitability with a TTM gross profit margin of approximately 20.6% and a net profit margin of 7.2%. While total revenue has declined from 2024 to TTM, the company maintains solid EBIT and EBITDA margins of 12.6% and 20.7% respectively, reflecting efficient operations. However, a decline in revenue from 2022 indicates potential market challenges.82
Very Positive
Balance Sheet
The company's balance sheet shows a healthy equity position with an equity ratio of 40.5% in TTM, suggesting financial stability. Although the debt-to-equity ratio has increased slightly to 0.50, it remains manageable. The ROE of 11.8% indicates effective equity utilization, though there's room for improvement in leveraging equity for higher returns.78
Positive
Cash Flow
TotalEnergies' cash flow position is strong, with an operating cash flow to net income ratio of 2.25 in TTM, highlighting robust cash generation. The free cash flow has remained stable, though the free cash flow growth rate has slightly decreased compared to 2024. This solid cash flow profile supports the company's investment and financing needs effectively.85
Very Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 195.61B | 218.94B | 263.31B | 184.63B | 119.70B |
| Gross Profit | 25.06B | 31.25B | 81.64B | 52.46B | 19.95B |
| EBITDA | 41.11B | 50.78B | 59.13B | 37.84B | 8.85B |
| Net Income | 15.76B | 21.38B | 20.53B | 16.03B | -7.34B |
Balance Sheet | |||||
| Total Assets | 285.49B | 283.65B | 303.86B | 293.46B | 266.13B |
| Cash, Cash Equivalents and Short-Term Investments | 32.76B | 31.62B | 41.77B | 33.66B | 35.90B |
| Total Debt | 53.56B | 47.87B | 60.77B | 64.55B | 77.30B |
| Total Liabilities | 165.23B | 164.20B | 189.29B | 178.46B | 160.05B |
| Stockholders Equity | 117.86B | 116.75B | 111.72B | 111.74B | 103.70B |
Cash Flow | |||||
| Free Cash Flow | 15.95B | 22.96B | 31.68B | 18.07B | 4.04B |
| Operating Cash Flow | 30.85B | 40.68B | 47.37B | 30.41B | 14.80B |
| Investing Cash Flow | -17.33B | -16.45B | -15.12B | -13.66B | -13.08B |
| Financing Cash Flow | -14.43B | -29.73B | -19.27B | -26.15B | 1.40B |
TotalEnergies Technical Analysis
Neutral
60.95
Price Trends
61.67
Negative
60.24
Positive
58.93
Positive
Market Momentum
0.13
Positive
43.78
Neutral
12.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTE, the sentiment is Neutral. The current price of 60.95 is below the 20-day moving average (MA) of 62.10, below the 50-day MA of 61.67, and above the 200-day MA of 58.93, indicating a neutral trend. The MACD of 0.13 indicates Positive momentum. The RSI at 43.78 is Neutral, neither overbought nor oversold. The STOCH value of 12.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TTE.
TotalEnergies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $465.67B | 15.49 | 11.68% | 3.63% | -3.79% | -15.46% | |
78 Outperform | $135.56B | 10.71 | 10.96% | 5.80% | -10.73% | -36.76% | |
76 Outperform | $314.60B | 19.83 | 8.97% | 4.40% | -5.02% | -23.13% | |
74 Outperform | $206.30B | 15.91 | 7.47% | 3.96% | -5.75% | -20.18% | |
73 Outperform | $75.25B | 5.75 | 19.48% | 13.66% | -13.68% | -13.96% | |
65 Neutral | $15.01B | 7.39 | 3.39% | 5.33% | 4.10% | -61.80% | |
65 Neutral | $86.76B | 143.77 | 0.95% | 5.67% | -7.40% | -90.89% |
* Energy Sector Average
Performance Comparison
TTE
TotalEnergies
60.95
-3.46
-5.37%
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3.98
13.29%
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153.66
19.45
14.49%
XOM
Exxon Mobil
109.23
-1.77
-1.59%
PBR
Petroleo Brasileiro SA- Petrobras
12.21
-0.91
-6.94%
SHEL
Shell
71.60
6.93
10.72%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.