TotalEnergies (TTE) Earnings: Total Nigeria Reports 1H Loss of 2.86B Naira as Revenue Declines 20%

TotalEnergies on Smartkarma

Analyst coverage of TotalEnergies on Smartkarma reveals insights from Suhas Reddy with a bullish lean. In the research report titled “[Earnings Preview] TotalEnergies Banks on LNG Growth to Offset Weak Oil Prices,” TotalEnergies is projected to experience a decline in revenue and EPS for Q4 and 2024 primarily due to lower crude prices. However, the company stands out from its peers as it expects to benefit from increased LNG output and prices.

TotalEnergies foresees a 22.5% YoY drop in Q4 revenue and a 14.8% YoY decrease in EPS, with further declines expected for 2024. Despite the challenges posed by lower crude prices, the company anticipates positive outcomes from higher LNG production and stronger gas trading. This strategic focus on LNG growth is likely to differentiate TotalEnergies in the market, supported by a modest rise in oil and gas production in Q4 and favorable developments in the Integrated LNG segment.

A look at TotalEnergies Smart Scores

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 shows a strong long-term outlook driven by its high scores in Dividend and Value, indicating a solid performance in these areas. With a score of 5 for Dividend, investors can expect consistent and attractive dividend payouts from the company. Additionally, its score of 4 for Value suggests that TotalEnergies is currently undervalued, presenting a promising opportunity for investors looking for value stocks.

Although TotalEnergies scores slightly lower in Growth, Resilience, and Momentum, with scores of 3, 3, and 2 respectively, the company remains positioned to deliver stable returns over the long term. Despite facing some challenges in growth and momentum, TotalEnergies‘ diverse business operations, which include exploration, production, refining, and chemical divisions, provide a strong foundation for continued success in the energy sector.

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