TotalEnergies(US:TTE) ZACKS·2026-02-12 17:36Core Insights - TotalEnergies SE (TTE) reported Q4 2025 operating earnings of $1.73 per share, missing estimates by 3.9% and down 8.9% year-over-year [1] - Total revenues for Q4 were $45.92 billion, a decline of 2.52% from the previous year but exceeding estimates by 25.2% [2] - Hydrocarbon production averaged 2,545 thousand barrels of oil equivalent per day, up 4.9% year-over-year, driven by start-ups and acquisitions [3] - The quarterly realized price for Brent decreased by 14.7% to $63.7 per barrel [5] - Net operating income was $4.63 billion, down 7.2% year-over-year due to weak contributions from several segments [6] - TotalEnergies plans to invest $15 billion in 2026, including $3 billion for low-carbon energies [12] Financial Performance - Adjusted earnings per share for 2025 were $6.89, down 11% from 2024 [1] - Revenues for 2025 totaled $182.3 billion, a decrease of 7% from $195.6 billion in 2024 [2] - Cash flow from operating activities in Q4 2025 was $10.47 billion, down 16.3% year-over-year [11] Production and Pricing - Liquid production averaged 1,555 thousand barrels per day, an increase of 7.6% year-over-year [3] - Quarterly gas production was 5,381 thousand cubic feet per day, up 1.1% year-over-year [4] - Realized gas prices fell by 18.4% year-over-year to $5.11 per thousand British thermal units [5] Segment Performance - Exploration & Production's operating earnings were $1.8 billion, down 21.7% from the previous year [9] - Integrated LNG's operating income was $0.92 billion, down 35.7% year-over-year [9] - Refining & Chemicals' operating income increased by 214.8% to $1 billion [9] Strategic Actions - TotalEnergies acquired assets worth $3.92 billion and sold assets worth $3.65 billion in 2025 [7] - The company repurchased 23.6 million shares worth $1.5 billion in Q4 and 122.6 million shares worth $7.5 billion for the full year [7] - Plans to buy back shares worth up to $750 million in Q1 2026 and $3-$4 billion for the full year [12]