- TotalEnergies‘s Q1 adjusted net income has exceeded estimates at $5.11 billion, which indicates a 22% year over year decline.
- The company’s adjusted Ebitda also surpassed expectations at $11.49 billion, a decrease from the previous year by 19%.
- The revenues for TotalEnergies were recorded at $51.88 billion, showing an 11% drop year over year.
- The exploration & production adjusted net operating income was $2.55 billion, down by 3.9% from last year.
- Integrated LNG adjusted net operating income suffered a 41% year over year decrease to $1.22 billion.
- Integrated power division saw a considerable increase in its adjusted net operating income at $611 million, which is up by 65% compared to last year.
- Both the refining & chemicals and marketing & services divisions experienced a decrease in their adjusted net operating incomes by 41% and 8.9% respectively.
- The overall net income, however, increased by 3% year over year to stand at $5.72 billion.
- Adjusted EPS is $2.14, down from $2.61 year over year.
- TotalEnergies has declared an interim dividend per share of EU0.79, slightly below the estimated EU0.80.
- Debt-adjusted cash flow was recorded to be $8.31 billion, down by 15% from last year.
- Cash flow from operations was significantly lower than expected at $2.17 billion, a 58% year over year decrease.
- In terms of production, the company produced 2.46 million barrels of oil per day (boe/d), a slight decrease of 2.5% from last year.
- Looking forward to the second quarter, the company expects production rates to fall between 2.4 to 2.45 million boe/d.
- TotalEnergies plans to conduct a $2 billion share buyback in Q2.
- The company confirms the net investment guidance of $17 billion to $18 billion in 2024, allocating $5 billion specifically for Integrated Power.
- For the second quarter, the refining utilization rate is expected to be above 85%, primarily due to the progressive restart of the Donges refinery.
A look at TotalEnergies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, TotalEnergies demonstrates a promising long-term outlook. The company scored high in Growth, Dividend, Resilience, and Momentum factors, reflecting positive indicators for its future performance. TotalEnergies, formerly known as TOTAL S.A., is engaged in various aspects of the energy sector, including oil and gas exploration, production, refining, and transportation. Additionally, the company operates a chemical division that produces a range of products. With its strong scores across multiple key factors, TotalEnergies appears to be well-positioned for continued growth and stability in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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