TotalEnergies SE (NYSE:TTE) stock is trading higher on Wednesday after the company reported first-quarter 2026 results.
Details
The French energy giant posted adjusted earnings of $2.45 per share, missing the $2.23 consensus estimate.
Revenue for the quarter came in at $54.16 billion, below the expectations of $61.93 billion.
Adjusted net income rose 29% year over year (Y/Y) to $5.4 billion. Adjusted EBITDA totaled $12.6 billion, up 19% Y/Y, in the quarter.
Cash flow from operations excluding working capital changes stood at $8.6 billion in the quarter.
Segment Performance
- Exploration & Production generated $2.58 billion in adjusted operating income, a 43% sequential (Q/Q) increase. This is due to a growth in the average liquids price and contribution of the new projects
- Integrated LNG earnings rose 43% Q/Q to $1.32 billion, led by 12% increase in LNG production and trading activities.
- Integrated Power posted a 3% Q/Q decrease in income to $545 million
- Refining & Chemicals saw income climb 60% Q/Q to $1.60 billion, driven …