TotalEnergies (TTE FP) Q1 2026 (USD): adj. Net 5.39bln (exp. 4.98bln), Cash Flow 8.6bln (prev. 7.2bln Q/Q), Net income 5.8bln (prev. 2.9bln Q/Q), adj. EBITDA 12.6bln (prev. 10.1bln Q/Q). To continue buybacks.
Importance
Level 1
Outlook:
- Given the time required to restart production facilities in the Middle East (2-3 months), prices should remain at high levels during the second quarter.
- Competition between LNG demand in Europe to replenish storage and in Asia for the warm season should support prices in the coming months.