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Core Insights - TotalEnergies SE (TTE) and RGE have formed a joint venture, Singa Renewables, which has received a conditional license from Singapore's Energy Market Authority to import 1 gigawatt (GW) of renewable power from Indonesia [1][9]. Group 1: Project Details - The partners signed a Memorandum of Understanding with Singapore Energy Interconnections to develop a subsea interconnector for electricity imports from Indonesia to Singapore [2]. - A Co-Investment Agreement was signed to develop a hybrid renewable power plant in Riau Province, Indonesia, which will include a solar farm, a Battery Energy Storage System, and a subsea cable [2]. - The project aims to provide Clean Firm Power to energy-intensive users in Singapore and industrial complexes near the solar location in Indonesia [3]. Group 2: Strategic Goals - The initiative supports Singapore's goal of achieving net-zero emissions by 2050 and contributes to the economic development of Riau Province, Indonesia [4]. - TotalEnergies is committed to ASEAN's energy transition and security of supply through this project [4]. Group 3: TotalEnergies' Renewable Energy Strategy - TotalEnergies aims to develop a cost-competitive portfolio to reach net zero by 2050, combining flexible assets with renewable energy sources [5]. - As of March 2025, TotalEnergies' gross renewable electricity generation capacity was 28 GW, with plans to increase to 35 GW by the end of 2025 and over 100 terawatt-hours of net electricity by 2030 [6]. Group 4: Industry Trends - The U.S. Energy Information Administration projects that renewable energy sources will account for 25% of U.S. electricity generation in 2025, with a 2% increase in power generation compared to 2024 [7]. - Other companies like BP, Shell, and Equinor are also prioritizing clean energy operations, with BP targeting 50 GW of renewable capacity by 2030 [8][10][11]. Group 5: Stock Performance - Over the past six months, TotalEnergies' shares have increased by 2.8%, contrasting with a 3.6% decline in the industry [12].

Financial Performance - TotalEnergies reported sales of $52,254 million in Q1 2025, a decrease of 7% compared to Q1 2024[5] - Net income attributable to TotalEnergies' shareholders was $3,851 million, down 33% year-on-year[5] - Adjusted EBITDA for Q1 2025 was $10,504 million, reflecting a 9% decline from Q1 2024[5] - TotalEnergies reported consolidated net income of $3,921 million for Q1 2025, a decrease of 32.5% compared to $5,804 million in Q1 2024[121] - Revenues from sales for Q1 2025 were $47,899 million, down 7.6% from $51,883 million in Q1 2024[121] - Earnings per share for Q1 2025 were $1.69, compared to $2.42 in Q1 2024, reflecting a decline of 30.2%[121] - Adjusted net operating income for Q1 2025 was $4,661 million, with a net income attributable to TotalEnergies' shareholders of $3,851 million[126] Production and Operations - Hydrocarbon production averaged 2,558 kboe/d in Q1 2025, an increase of 4% year-on-year, driven by new projects and acquisitions[19] - TotalEnergies' hydrocarbon production in Q1 2025 was 1,976 kboe/d, a 2% increase from Q4 2024 and stable compared to Q1 2024[31] - Total production increased by 5% to 2,558 kboe/d in Q1 2025 compared to Q4 2024, and up 4% from Q1 2024[77] - Liquids production rose by 5% to 1,516 kb/d in Q1 2025 compared to Q4 2024, and increased by 2% from Q1 2024[77] - Gas production grew by 6% to 5,655 Mcf/d in Q1 2025 compared to Q4 2024, and up 8% from Q1 2024[77] - Integrated Power's net power production increased 18% year-on-year to 11.3 TWh, driven by growth in renewable energy production[40] Cash Flow and Investments - Cash flow from operating activities decreased significantly by 80% to $2,563 million compared to the previous quarter[5] - Cash flow from operating activities for Exploration & Production was $3,266 million in Q1 2025, down 27% quarter-to-quarter[34] - Cash flow from operating activities was $(1,983) million in Q1 2025, reflecting operational difficulties and low refining margins[49] - Cash flow used in investing activities rose by 28% to $4,805 million in Q1 2025 from $3,745 million in Q4 2024, and increased by 39% from $3,467 million in Q1 2024[86] - The company reported net investments of $4,921 million in Q1 2025, a 27% increase from $3,863 million in Q4 2024 and a 38% increase from $3,572 million in Q1 2024[86] Environmental Impact - Scope 1+2 greenhouse gas emissions from operated facilities decreased by 13% quarter-on-quarter to 8.4 MtCO2e[10] - Total installed power generation gross capacity from renewables reached 27.8 GW in Q1 2025, up from 26.0 GW in Q4 2024, representing a growth of approximately 6.9%[81] Market Conditions - The average price of Brent crude oil was $75.7 per barrel in Q1 2025, down 9% from $83.2 per barrel in Q1 2024[8] - TotalEnergies' average price of gas was $6.60 per Mbtu in Q1 2025, reflecting a 29% increase compared to Q1 2024[8] - The average price of LNG in Q1 2025 was $10.00/Mbtu, down 4% from Q4 2024 but up 4% year-on-year[38] - European gas prices are expected to remain elevated in Q2 2025, with LNG selling prices anticipated between $9 and $9.5/Mbtu[67] Financial Ratios and Metrics - Return on equity (ROE) was 15.1% for the twelve months ended March 31, 2025, down from 19.0% a year earlier[62] - Gearing ratio increased to 14.3% as of March 31, 2025, influenced by a seasonal working capital variation of $3.4 billion[100] - Return on Average Capital Employed (ROACE) for the company was 13.2% for the twelve months ended December 31, 2024[101] Future Outlook - TotalEnergies anticipates hydrocarbon production growth of 2-3% year-on-year in Q2 2025, confirming a target of over 3% growth for the fiscal year 2025[68] - The company projects net investments of $17 to $17.5 billion for 2025, with $4.5 billion allocated to low carbon energies[69]

Core Viewpoint TotalEnergies SE reported a decline in operating earnings and total revenues for the first quarter of 2025, while hydrocarbon production increased year over year, driven by new start-ups and existing asset ramp-ups. Financial Performance - Operating earnings for Q1 2025 were $1.83 per share, missing the Zacks Consensus Estimate of $1.88 by 2.65% and down 3.7% from $1.90 in the previous year [1] - Total revenues were $47.89 billion, an 8% decline from $51.88 billion year-over-year, but exceeded the Zacks Consensus Estimate of $45.5 billion by 5.3% [1] Production Details - Hydrocarbon production averaged 2,568 thousand barrels of oil equivalent per day, up 4% year over year, surpassing the guided range of 2,500-2,550 thousand barrels [2] - Liquid production averaged 1,516 thousand barrels per day, a 2% increase year over year, while gas production was 5,655 thousand cubic feet per day, up 8% year over year [3] Pricing Information - The realized price for Brent crude decreased by 9% to $75.7 per barrel from $83.2 a year earlier [4] - Average realized liquid price was $72.2 per barrel, down 8% year over year, while realized gas prices increased by 29% to $6.6 per thousand British thermal units [4] Operational Highlights - Net power production was 11.3 terawatt hours, an 18% increase year over year, with 60.2% generated from renewable sources [5] - Net operating income fell to $4.79 billion, down 14% year over year due to lower realized oil prices and refining margins [5] Shareholder Actions - The company repurchased 33.3 million shares for $2 billion in Q1 2025 [6] Segment Performance - Exploration & Production's operating earnings were $2.45 billion, down 4% from the previous year [7] - Integrated LNG's operating income was $1.43 billion, down 1.6% year over year [7] - Integrated Power's operating income decreased by 17% to $506 million, while Refining & Chemicals saw a 69% decline to $301 million [8] Financial Position - Cash and cash equivalents as of March 31, 2025, were $22.83 billion, down from $25.84 billion at the end of 2024 [9] - Cash flow from operating activities increased by 18% year over year to $2.56 billion [9] Future Guidance - TotalEnergies expects a 2-3% year-over-year improvement in production volumes for Q2 2025, although planned maintenance may impact production [10] - The company plans to invest between $17 billion and $17.5 billion in 2025, with $4.5 billion allocated to low carbon energies [10]

Core Viewpoint - TotalEnergies SE is expected to report a decline in quarterly earnings and revenues, with earnings per share projected at $1.88, down 12.2% year-over-year, and revenues forecasted at $45.5 billion, reflecting a 19.2% decrease [1]. Earnings Projections - The consensus EPS estimate has been revised downward by 3.8% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Key Metrics Forecast - Analysts predict 'Combined Liquids and Gas Production per day - Total' to be 2,537.58 KBOE/D, an increase from 2,461 KBOE/D reported in the same quarter last year [5]. - 'Total Refinery Throughput per day' is estimated at 1,451.27 thousand barrels of oil, compared to 1,424 thousand barrels of oil a year ago [5]. - 'Gas Production per day - Total' is projected to reach 5,516.75 Mcf/D, up from 5,249 Mcf/D in the previous year [6]. - 'Liquids Production per day - Total' is expected to be 1,523.00 thousand barrels of oil, an increase from 1,482 thousand barrels of oil reported last year [6]. Stock Performance - Over the past month, TotalEnergies shares have declined by 6.6%, while the Zacks S&P 500 composite has decreased by 4.3% [7]. - TotalEnergies holds a Zacks Rank of 3 (Hold), suggesting its performance will likely align with the overall market in the near term [7].

Core Viewpoint - TotalEnergies SE is expected to report its first-quarter 2025 results on April 30, with a projected earnings decline compared to the previous year, influenced by various operational factors and market conditions [1][4]. Group 1: Earnings Expectations - TotalEnergies has an Earnings ESP of -0.27% and a Zacks Rank of 3, indicating a neutral outlook for earnings performance [2]. - The Zacks Consensus Estimate for earnings is $1.88 per share, reflecting a 12.15% decline year-over-year, while revenue is estimated at $45.5 billion, indicating a 19.5% decrease from the prior year [4]. Group 2: Production and Operational Insights - The company anticipates first-quarter 2025 production volumes between 2.5-2.55 thousand barrels of oil equivalents per day, benefiting from recent acquisitions and operational ramp-ups [3]. - TotalEnergies is focusing on strategic acquisitions and partnerships in high-potential regions while divesting non-core assets, which is expected to enhance operational efficiency [5]. Group 3: Competitive Positioning - TotalEnergies has a minimal exposure to the mature North American region, with upstream assets that have lower natural decline rates, providing a competitive advantage [7]. - The company is strengthening its position in natural gas, liquefied natural gas, and low-carbon electricity, which is likely to positively impact earnings [6]. Group 4: Market Challenges - Despite its strengths, TotalEnergies faces competition from national and international oil and gas majors, impacting its ability to acquire hydrocarbon assets and licenses [8]. - Currency fluctuations and inflationary trends present financial risks, particularly in emerging markets where TotalEnergies is expanding its presence [8].

Core Viewpoint - TotalEnergies SE is expected to report a decline in quarterly earnings and revenues, indicating a challenging financial period compared to the previous year [1][2]. Earnings and Revenue Estimates - The anticipated earnings per share (EPS) for TotalEnergies is $1.88, reflecting a 12.2% decrease year-over-year [1]. - Analysts forecast revenues of $45.5 billion, which represents a 19.2% decline compared to the same period last year [1]. Analyst Revisions - The consensus EPS estimate has been revised 3.8% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions and have shown a strong correlation with short-term stock performance [3]. Key Metrics Projections - Analysts project that 'Combined Liquids and Gas Production per day - Total' will reach 2,537.58 KBOE/D, up from 2,461 KBOE/D in the same quarter last year [5]. - 'Total Refinery Throughput per day' is expected to be 1,451.27 thousand barrels of oil, compared to 1,424 thousand barrels of oil in the previous year [5]. - 'Gas Production per day - Total' is forecasted at 5,516.75 Mcf/D, an increase from 5,249 Mcf/D year-over-year [6]. - 'Liquids Production per day - Total' is projected to reach 1,523.00 thousand barrels of oil, up from 1,482 thousand barrels of oil in the same quarter last year [6]. Stock Performance - TotalEnergies shares have decreased by 9.1% over the past month, contrasting with a 4.8% decline in the Zacks S&P 500 composite [6]. - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [6].

Group 1 - TotalEnergies SE's stock price has remained relatively stable on a total return basis despite a double-digit decline in the broader market since the end of January [1] - The company is being analyzed by buy-side hedge professionals who focus on fundamental, income-oriented, long-term analysis across various sectors globally [1] Group 2 - The article expresses the author's personal opinions and indicates a beneficial long position in TotalEnergies shares, either through stock ownership or derivatives [2]

Company Overview - TotalEnergies SE Sponsored ADR (TTE) is headquartered in Paris and operates in the Oils-Energy sector, with a year-to-date price change of -2.07% [3] - The company currently pays a dividend of $0.61 per share, resulting in a dividend yield of 4.73%, which is higher than the Oil and Gas - Refining and Marketing industry's yield of 4.25% and the S&P 500's yield of 1.78% [3] Dividend Analysis - TotalEnergies has an annualized dividend of $2.52, reflecting a 2.5% increase from the previous year [4] - Over the past five years, the company has increased its dividend three times, averaging an annual increase of 1.07% [4] - The current payout ratio is 31%, indicating that the company pays out 31% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - The Zacks Consensus Estimate for TotalEnergies' earnings in 2025 is projected at $8.24 per share, representing a year-over-year growth rate of 6.05% [5] Investment Considerations - TotalEnergies is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The company is positioned as a more established option for income investors, contrasting with high-growth firms that typically do not offer dividends [6][7]

Core Insights - TotalEnergies SE (TTE) has completed the acquisition of VSB Group, enhancing its renewable energy portfolio in Germany, and has also acquired SN Power, focusing on hydropower projects in Africa [1][4] - The company is pursuing a multi-energy strategy, expanding its renewable capacity significantly through various acquisitions and projects [4][5] Group 1: Acquisitions - The acquisition of VSB Group strengthens TotalEnergies' integrated electricity business in Germany, which constitutes half of VSB's portfolio [2] - VSB Group adds 7 gigawatts (GW) of operational or under-construction capacity and over 15 GW in the pipeline, increasing TotalEnergies' renewable capacity in Europe to over 40 GW [3] - TotalEnergies has acquired SN Power, gaining a 28.3% stake in the Bujagali hydropower plant in Uganda and shares in additional projects in Malawi (360 MW) and Rwanda (206 MW) [4] - Contracts have been signed with RES for the acquisition of wind and solar projects in Alberta, totaling over 800 megawatts (MW) [5] Group 2: Renewable Energy Strategy - TotalEnergies aims to reach net zero by 2050 by developing a competitive portfolio that includes flexible assets and renewable energy sources [7] - The company plans to increase its gross renewable electricity generation capacity to 35 GW by 2025 and over 100 terawatt-hours of net electricity by 2030 [8] Group 3: Industry Context - Other companies in the industry, such as BP, Shell, and Equinor, are also expanding their renewable energy operations, with BP targeting a 60.6 GW renewables pipeline by the end of 2024 [10] - Shell has around 3.4 GW of renewable power generation capacity in operation and 4 GW under construction [11] - Equinor aims to reach 10-12 GW of renewable capacity by 2030 [12] Group 4: Stock Performance - TotalEnergies' stock has increased by 14% over the past three months, outperforming the industry average growth of 9.3% [13]