- TotalEnergies reported an adjusted net income of $4.41 billion for the fourth quarter, beating estimates of $4.26 billion but marking a 16% decline year-over-year.
- Adjusted EBITDA for the quarter was $10.53 billion, slightly below the estimate of $10.66 billion, and down 10% year-over-year.
- The company’s exploration and production adjusted net operating income was $2.31 billion, subtly surpassing the estimate of $2.27 billion, though down 18% compared to last year.
- Integrated LNG adjusted net operating income came in at $1.43 billion, which was close to the estimate of $1.32 billion, maintaining almost steady performance with a 1.6% decline year-over-year.
- Integrated power adjusted net operating income rose by 9.1% to $575 million, exceeding the estimate of $512.5 million.
- Refining and chemicals adjusted net operating income fell significantly by 50% to $318 million, missing the estimate of $336.7 million.
- Marketing and services adjusted net operating income stood out with an 18% increase to $362 million, surpassing the forecast of $309.1 million.
- Net income was $3.96 billion, showing a 22% decline year-over-year, slightly below the estimate of $4.07 billion.
- Adjusted earnings per share (EPS) were $1.90, slightly ahead of the estimate of $1.86, but down from $2.16 year-over-year.
- Total revenues were reported at $47.12 billion, showing a 14% decrease year-over-year, just under the forecast of $47.46 billion.
- The interim dividend per share was EU0.85, just shy of the estimated EU0.86.
- Debt-adjusted cash flow amounted to $7.40 billion, a 13% year-over-year decrease, slightly missing the estimate of $7.46 billion.
- Cash flow from operations was $12.51 billion, surpassing the estimate by a significant margin, but marked a 23% decrease year-over-year.
- TotalEnergies reported a daily production of 2.43 million barrels of oil equivalent per day (boe/d), slightly under the estimate of 2.44 million boe/d and down 1.4% from last year.
- For 2024, the dividend per share was EU3.22, a slight increase from EU3.01 last year but below the estimate of EU3.31.
- TotalEnergies forecasts first-quarter production for 2025 to be between 2.5 million to 2.55 million boe/d, in line with the estimate of 2.53 million boe/d.
- For full-year 2025, the company expects hydrocarbon production to grow by more than 3%, aided by the ramp-up of 2024 and new production start-ups.
- The company projects more than 40 million tonnes of LNG sales in 2025.
- First-quarter 2025 average LNG selling prices are expected to be above $10 per Mbtu.
- TotalEnergies anticipates net investments of $17 billion to $17.5 billion for the full year of 2025.
- The shareholder return policy for 2025 is confirmed, with plans for $2 billion of share buybacks per quarter.
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TotalEnergies on Smartkarma
Analysts on Smartkarma have provided varying perspectives on TotalEnergies, a company navigating through changing market conditions. Suhas Reddy‘s Earnings Preview notes TotalEnergies‘ strategy to counter weak oil prices by banking on LNG growth, expecting a drop in Q4 revenue and EPS but gains from higher LNG output and prices. In contrast, Suhas Reddy‘s Earnings Review suggests that TotalEnergies saw a decline in profitability due to sharp refining margin drops in Q3, despite beating revenue forecasts.
Looking ahead, in another Earnings Preview, Suhas Reddy highlights the risks TotalEnergies faces from declining oil prices in Q3 but also the relief from better gas prices, while emphasizing the firm’s long-term growth prospects in LNG and solar energy. These insights offer investors a comprehensive view of TotalEnergies‘ performance and future outlook based on the latest analyst coverage on Smartkarma.
A look at TotalEnergies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| 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 seems to have a positive long-term outlook. The company scores high in areas like Dividend and Resilience, indicating strong performance in these factors. TotalEnergies‘ stable dividend and ability to withstand market challenges bode well for its future sustainability. With solid scores in Value and Growth as well, the company is positioned for potential growth and value creation over the long haul.
TotalEnergies, formerly known as TOTAL S.A., is engaged in various aspects of the energy sector, including exploration, production, refining, and marketing of oil and natural gas. Additionally, the company has a chemical division that produces a range of products widely used in various industries. Operating gasoline stations across Europe, the United States, and Africa, TotalEnergies has a diversified business portfolio that could contribute to its resilience and growth in the coming years.
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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