Totalenergies Se Stock Price, News & Analysis

TotalEnergies reported a strong financial performance with an IFRS net income of $6.6 billion for Q3 2022, a 43% increase year-over-year, driven primarily by its LNG business. The company’s adjusted net income reached $9.9 billion, with a remarkable 98% increase in adjusted EBITDA at $19.4 billion. Cash flow from operations climbed to $17.8 billion, strengthening its balance sheet with a low net-debt-to-capital ratio of 4%. TotalEnergies announced a special interim dividend of €1 per share and a third interim dividend of €0.69, reflecting its commitment to share value and consistent growth.

TotalEnergies has declared a special interim dividend of €1/share, alongside the third interim dividend of €0.69/share, marking a 5% increase from 2021. The ex-dividend date for the special dividend is December 6, 2022, with payment on December 16, 2022. Shareholders can also expect the third interim dividend on April 3, 2023. This aligns with the company's shareholder return policy targeting a 35% to 40% return for 2022. The initiative underscores TotalEnergies' commitment to shareholder value amidst ongoing operations in over 130 countries.

TotalEnergies (TTE) has formed a joint venture with Casa dos Ventos (CDV) in Brazil, holding a 34% stake. The JV will develop a renewable energy portfolio comprising 700 MW of onshore wind in operation, 1 GW under construction, and additional advanced projects totaling 4.4 GW. TotalEnergies will invest $550 million and may pay up to $30 million in earn-outs. This partnership aims to leverage TTE's global presence and CDV's local expertise to enhance growth in Brazil's dynamic renewable energy market. The goal is to accelerate TotalEnergies' renewable capacity to 100 GW by 2030.

TotalEnergies has achieved a significant milestone by reaching 500 MW of onsite B2B solar distributed generation globally. This includes installations across more than 300 sites in regions such as Asia, the Middle East, Europe, and the United States. The company partners with B2B customers to provide long-term Power Purchase Agreements (PPAs) for green electricity produced directly on their sites, contributing to sustainability goals and energy cost reductions. TotalEnergies aims to expand its portfolio to 1 GW by 2023.

TotalEnergies has inaugurated the Al Kharsaah solar power plant in Qatar, marking a significant milestone as the country's first large-scale photovoltaic facility with an installed capacity of 800 MWp. This project, developed in partnership with QatarEnergy and Marubeni, aims to supply 10% of Qatar's peak power consumption, while preventing 26 million tons of CO2 emissions over its lifetime. The plant's operational start aligns with TotalEnergies' goal to reach 35 GW of renewable production capacity by 2025, further supporting Qatar's energy transition and sustainability efforts.

TotalEnergies (TTE) reported key indicators for Q3 2022, showing an average LNG price increase of 50%. While upstream production is expected to decrease by 70 kboe/d due to outages in Kashagan, the refining & chemicals sector remains strong despite lower gasoline margins. Brent prices averaged $100.8/b, a drop from the previous quarter. The dollar's fluctuation impacts earnings, with a sensitivity analysis revealing adjustments of +/- $2.7 billion on operating income for liquid price changes.

TotalEnergies (TTE) expressed regret over NGOs' refusal to join the proposed mediation regarding legal proceedings in France related to its Tilenga and EACOP projects in Uganda and Tanzania. The court has scheduled pleadings for December 7, 2022. The NGOs claim TTE did not sufficiently manage social and environmental impacts, citing France's 'duty of vigilance' law. TTE plans to demonstrate that its vigilance plan is effectively implemented, including compensation measures where 92% of agreements for Tilenga and 74% for EACOP have been signed. Biodiversity actions have also been initiated.

On October 3, 2022, TotalEnergies (Paris:TTE) and Holcim signed a Memorandum of Understanding to jointly decarbonize Holcim's cement production facility in Obourg, Belgium. This partnership will assess technologies for capturing and utilizing approximately 1.3 million metric tons of CO₂ emissions annually. Key initiatives include an innovative air-oxyfuel kiln and green hydrogen production for e-fuels. Both companies aim to set new standards in sustainable industry practices and contribute to Europe's decarbonization efforts.

TotalEnergies (Euronext: TTE) has announced a special interim dividend of 1 €/share, payable in December 2022, alongside a $7 billion share buyback program. The Board highlighted a favorable outlook due to its multi-energy strategy and a breakeven point below $25/b, projecting a $4 billion cash flow increase over the next five years. The company plans to allocate 35-40% of cash flow to shareholders while investing $14-18 billion annually in carbon-free energy and reducing emissions.