TotalEnergies Misses Q1 Earnings But Lifts Dividend, Plans $2 Billion Buyback
Earnings Report: TotalEnergies SE reported a first-quarter adjusted EPS of $1.83, down 15% year-over-year and below the consensus estimate of $1.88, despite sales exceeding expectations at $52.25 billion. Hydrocarbon production increased by 4% year-over-year, while adjusted operating income varied across segments.
Future Outlook: The company plans to propose a dividend increase for 2025 and initiate a share buyback of up to $2 billion in Q2, anticipating hydrocarbon production growth of 2-3% year-over-year and an average LNG selling price between $9 and $9.5/Mbtu for the second quarter of FY25.
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Project Announcement: TotalEnergies SE and Aljomaih Energy & Water won a tender to build a 400 MW solar plant in Saudi Arabia, which will power over 68,400 homes and is expected to connect to the grid in 2027.
Alignment with Vision 2030: The project supports Saudi Vision 2030's goal of achieving up to 50% renewable energy capacity by 2030, reinforcing TotalEnergies' commitment to the Saudi National Renewable Energy Program.
Company Strategy: TotalEnergies is focusing on energy production and supply, as evidenced by its recent sale of the GreenFlex subsidiary, while also projecting a 4% year-over-year increase in oil and gas production for Q3 2025.
Market Performance: TotalEnergies shares experienced a slight decline of 0.45% to $62.09 in premarket trading, with upcoming earnings results scheduled for October 30, 2025.

Exploration Agreements: TotalEnergies SE has signed significant exploration agreements in September, including a Production Sharing Contract for offshore blocks PPL 2000 and PPL 2001 in Nigeria, where it holds an 80% stake, and the Nzombo exploration permit offshore the Republic of the Congo with a 50% interest.
Strategic Focus: The company aims to enhance its exploration portfolio with high-impact, drill-ready prospects that promise low-cost and low-emissions developments, aligning with its strategy to strengthen hydrocarbon production, particularly in Nigeria, which contributes significantly to its output.
TotalEnergies Acquisition: TotalEnergies SE has acquired eight solar projects (350 MW) and two battery storage projects (85 MW) from Low Carbon, which are set to be operational by 2028 and will generate over 350 GWh of renewable electricity annually, enough to power around 100,000 UK households.
Market Reaction: Following the announcement, TotalEnergies shares fell 0.5% to $60.17, while the company continues to expand its integrated electricity portfolio in the UK, which includes significant offshore wind and gas turbine capacities.
Joint Venture License: TotalEnergies and RGE's joint venture, Singa Renewables, has received a conditional license from Singapore’s Energy Market Authority to import 1 GW of renewable power from Indonesia, along with plans for a subsea interconnector to facilitate this electricity import.
Project Development: The partners have signed a co-investment agreement to build a hybrid renewable power plant in Indonesia's Riau Province, which will include a solar farm and energy storage system, contributing to Singapore's net zero emissions goal by 2050.
TotalEnergies Mero-4 Production Launch: TotalEnergies has commenced oil production from the Mero-4 project in Brazil's Santos Basin, enhancing its total capacity to 770,000 barrels per day across five FPSOs, contributing significantly to the company's production growth strategy.
Market Response and Future Outlook: Following the announcement, TotalEnergies shares rose by 1.59% in premarket trading, reflecting investor confidence in the project's potential for robust free cash flow and low-emission oil production.
TotalEnergies Solar Power Complex: TotalEnergies has opened its largest solar power complex in Europe near Seville, Spain, consisting of five solar farms with a capacity of 263 megawatts, expected to generate enough energy for over 150,000 homes and reduce carbon emissions by 245,000 tons annually.
Economic Impact and Future Plans: The project created around 800 jobs and involved 14 companies, primarily local. TotalEnergies aims to enhance its renewable energy portfolio in Spain while also selling a 50% stake in Polska Grupa Biogazowa for €190 million.










