TTE Stock Recent News

The energy sector is often out of favor among many investors, but suddenly comes into focus at certain moments. Left for dead during the pandemic, energy prices spiked in 2022 following the pandemic reopening and Russia's invasion of Ukraine, before subsiding.

French oil major TotalEnergies has signed a deal to supply the Gujarat State Petroleum Corporation with 400,000 metric tons of liquefied natural gas annually beginning next year, the companies said on Wednesday.

TotalEnergies SE delivered a strong Q4, double-beating estimates and being the only Supermajor to grow earnings q/q, ending 2024 at peer-leading ROCE. Mgmt sees solid growth for 2025, targeting ~3% margin-accretive production growth, with key projects in Brazil and the GoM coming online/reaching full production. TTE FCF/sh could grow up to 15% y/y as EU gas prices remain elevated, putting shares at a ~11% FCF yield with ~12% in dividends and buybacks. Remain Overweight.

TotalEnergies SE (NYSE:TTE ) Q4 2024 Results Conference Call February 5, 2025 9:00 AM ET Company Participants Renaud Lions - Senior Vice President, Investor Relations Stephane Michel - President, Gas and Power Nicolas Terraz - President, Exploration & Production Vincent Stoquart - President, Refining & Chemicals Bernard Pinatel - President, Downstream & Marketing Services Jean-Pierre Sbraire - Chief Financial Officer Patrick Pouyanné - Chairman and Chief Executive Officer Aurélien Hamelle - President, Strategy & Sustainability Namita Shah - President, OneTech Conference Call Participants Henry Tarr - Berenberg Michele Della Vigna - Goldman Sachs Martijn Rats - Morgan Stanley Biraj Borkhataria - RBC Capital Markets Chris Kuplent - Bank of America Lydia Rainforth - Barclays Lucas Herrmann - BNP Exane Irene Himona - Bernstein Doug Leggate - Wolfe Research Matt Lofting - JPMorgan Kim Fustier - HSBC Anish Kapadia - Policy Advisors Paul Cheng - Scotiabank Henri Patricot - UBS Bertrand Hode

TotalEnergies will expand its investment in U.S. liquefied natural gas over the next decade as the French company seeks to cement its position as a major exporter of U.S. LNG, its CEO told Reuters on Wednesday, dismissing fears by American market watchers that more exports could boost U.S. gas prices.

TTE's fourth-quarter earnings are better than expected. The company continues to expand its clean power generation and efficiently serves customers.

TotalEnergies CEO Patrick Pouyanne said on Wednesday that financing from the United States for its $20 billion Mozambique LNG project is expected to be approved in coming weeks, with other credit agencies to follow in the months after.

French oil major TotalEnergies reported a 15% drop in fourth-quarter earnings on Wednesday, closing out a year marked by low oil prices and weak fuel demand that were partially offset by higher electricity sales and liquefied natural gas trading.

PARIS--(BUSINESS WIRE)--Regulatory News: TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE):   4Q24   Change vs 3Q24   2024   Change vs 2023 Adjusted net income (TotalEnergies share)(1)         - in billions of dollars (B$)   4.4   +8%   18.3   -21% - in dollars per share   1.90   +9%   7.77   -17% Net income (TotalEnergies share) (B$)   4.0   +72%   15.8   -26% Adjusted EBITDA(1) (B$)   10.5   +5%   43.1   -14% Cash flow from operations excluding working capital (CFFO)(1) (B$)   7.2   +5%   29.

French oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of lower crude prices and weak fuel demand.