TTE Earnings Prediction
The chart below shows how TTE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TTE sees a +0.62% change in stock price 10 days leading up to the earnings, and a +1.11% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
TTE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
47.43B
-12.84%
-3.57%
Gross Margin
26.59%
-18.18%
-7.19%
Operating Margin
12.36%
-32.72%
-7.62%
Net Margin
4.98%
-59.48%
-36.32%
EPS
0.96
-64.84%
-40.37%
No Data Available
TTE Earnings Analysis
TotalEnergies SE Corporation (TTE.N) Earnings Conference Call
Positive
Strong Financial Performance: The company reported adjusted net income of $4.1 billion for the quarter and $13.9 billion over the first nine months of the year, demonstrating strong financial performance.
Operational Efficiency in Production: Production was 2.41 million barrels of oil equivalent per day within the guidance range of 2.4 to 2.445 million barrels per day, indicating robust operational efficiency.
Financial Performance Highlights: The company achieved adjusted net operating income of $2.5 billion, stable cash flow of $4.3 billion, and an attractive return on capital employed of 15.6%.
LNG Price Forecast: Total Energies anticipates its average LNG selling prices to be around $10 per million BTU in the fourth quarter 2024, slightly higher than the $9.9 per million BTU in the third quarter, indicating positive pricing trends.
Investment Guidance Confirmation: The company confirmed a net investment guidance of $16 billion to $18 billion for 2024, reflecting confidence in future growth and capital allocation.
Negative
Refining Margin Decline: The European refining margin sharply deteriorated with the European refining margin marker down by 66% quarter-to-quarter lower than our breakeven at $25 per ton.
Brent and LNG Price Decline: Brent decreased by 5% quarter-to-quarter to average $80 per barrel, while the company average LNG price decreased by 6%.
Adjusted Net Income Report: The company reported adjusted net income of $4.1 billion on the quarter and of $13.9 billion over the first nine months of the year.
Production Performance Update: During the third quarter, production was 2.41 million barrels of oil equivalent per day within the guidance range of 2.4, 2.445 million barrels per oil equivalent per day.
Negative Income Adjustments: The company reported $1.1 billion of negative adjustment to net income related to impairments, these impairments being linked to two events: the Chapter 11 bankruptcy filing of Sun Power in the U.S. and the exit on Blocks 11B, 12B and 567 in South Africa.
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TTE Earning Call Sentiment
TotalEnergies SE (TTE) Q3 2024 Earnings Call Transcript
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TTE.N
0.32%Positive
The earnings call shows mixed signals: strong integrated power performance and dividend growth are positive, but declining refining margins and significant impairments are concerning. The Q&A reveals uncertainties in cash flow and strategic investments, with management offering vague responses about certain risks. The lack of clear guidance on cash flow and the impact of the Ichthys outage, along with geopolitical risks, contribute to a neutral sentiment. The positive shareholder return plan and stable production guidance balance the negatives, likely resulting in a neutral stock price movement.