TTE

TotalEnergies (TTE) expects Q2 hydrocarbon production to be nearly 2.4 million barrels of oil equiva

PARIS, July 16, 2026--(BUSINESS WIRE)-- The main indicators, estimated financial information and key elements impacting TotalEnergies’ (Paris:TTE) (LSE:TTE) (NYSE:TTE) second quarter 2026 aggregates are shown below: Main elements impacting the quarter aggregates Hydrocarbon production for the second quarter 2026 is expected to be at nearly 2.4 Mboe/d. This production should leverage a strong organic growth in line with the quarterly guidance of 4%. The impact of the Middle East conflict for the second quarter is around 210 kboe/d, which is below the guidance communicated last quarter of 360 kboe/d. This is notably driven by the ramp-up of the Company’s production in offshore United Arab Emirates over the course of the quarter and the restart of production in the other countries in the region during June. However, a significant portion of this production could not be lifted during the quarter and is recognized in Exploration & Production results based on the crude price from end-June (less than $70/b). Exploration & Production cash flow is expected to reflect this level of production while capturing the increase of the average liquids prices (+$17.9/b over the quarter, vs $22.7/b for Brent, due to a lifting schedule weighted towards the end of the quarter, in a softer crude market), leading to an increase of around $1 billion vs first quarter. Exploration & Production results are expected to increase but will be affected by the accounting effects related to production that was not lifted. Integrated LNG cash flow and results are expected to decrease significantly, affected by an underperformance in gas trading activities amid a broadly flat to declining European market, after outperforming in the first quarter. Integrated Power cash flow is expected to increase strongly supported by the closing of the transaction with EPH on April 29. Downstream results and cash flow are expected to increase sharply compared to the first quarter of 2026, supported by higher refining and petrochemical margins, as well as oil trading results, which are expected to remain at the same strong level as in the first quarter. Marketing & Services should benefit from the same positive seasonal effect as observed in the second quarter of 2025. A decrease in working capital between $1 and 1.5 billion is anticipated over the quarter, mainly related to the impact of lower hydrocarbon pric...

TotalEnergies expects second-quarter results to receive a boost from the extended rally in energy prices prompted by the Middle East conflict, and for income from liquefied natural gas to fall sharply.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5% and the actively trad

Venture Global, Inc. reported past first-quarter 2026 results with sales rising to US$4,599 million and net income to US$598 million, alongside higher earnings per share than a year earlier. On the same day, the company also disclosed new and expanded multi-year LNG supply agreements with TotalEnergies and Vitol, highlighting further diversification and scaling of its contracted portfolio. Next, we’ll examine how Venture Global’s upgraded 2026 EBITDA guidance reshapes the existing investment narrative built around its LNG growth projects. AI is about to change healthcare. These 33 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own Venture Global, you have to believe it can convert today’s surge in LNG volumes into durable cash flows as Plaquemines and CP2 ramp up. Right now, the key upside catalyst is execution on those projects, while the biggest risk remains cost creep and timing slippage across the build out. The latest earnings beat and higher 2026 EBITDA guidance strengthen the near term story, but they do not remove exposure to construction risk or LNG price volatility. Among the recent announcements, the raised 2026 consolidated Adjusted EBITDA guidance to US$8.2 billion to US$8.5 billion stands out as most relevant. It reflects stronger assumed pricing on unsold cargoes and higher expected volumes, which tie directly into the core catalyst of efficient capacity ramp up. At the same time, this higher bar could amplify disappointment if commissioning hiccups, cost overruns, or weaker spot prices constrain how quickly Plaquemines and CP2 contribute. Yet, while guidance is higher, investors should still be aware of how rising project costs or delays at Plaquemines and CP2 could... Read the full narrative on Venture Global (it's free!) Venture Global's narrative projects $19.0 billion revenue and $1.8 billion earnings by 2028. This requires 20.6% yearly revenue growth and a $0.3 billion earnings decrease from $2.1 billion. Uncover how Venture Global's forecasts yield a $12.26 fair value, a 8% downside to its current price. Before this quarter, the most pessimistic analysts were assuming Venture Global’s earnings might fall toward about US$72 million by 2028, even as revenue climbed above US$15 billion. If you lean toward that view, yo...

Sempra SRE reported first-quarter 2026 adjusted earnings per share (EPS) of $1.51, in line with the Zacks Consensus Estimate. The bottom line increased 4.9% from the year-ago quarter’s figure of $1.44. Including one-time items, the company generated GAAP earnings of $1.58 per share compared with $1.39 in the first quarter of 2025. Revenues of $3.66 billion missed the Zacks Consensus Estimate of $4.15 billion by 11.8%. The top line decreased 3.9% from $3.8 billion in the year-ago quarter. Sempra price-consensus-eps-surprise-chart | Sempra Quote Sempra California: Quarterly earnings amounted to $720 million compared with the year-ago quarter’s level of $724 million. Sempra Texas Utilities: Earnings in this segment increased to $171 million from $146 million in the year-ago quarter. Sempra Infrastructure: The segment recorded earnings of $262 million compared with $146 million in the year-ago quarter. Parent and Other: The segment reported a loss of $116 million, wider than the prior-year period’s loss of $110 million. As of March 31, 2026, Sempra Energy’s cash and cash equivalents totaled $0.79 billion compared with $0.03 billion as of Dec. 31, 2025. As of the same date, long-term debt and finance leases amounted to $30.85 billion compared with $28.98 billion as of Dec. 31, 2025. Cash flow from operating activities in the first three months of 2026 totaled $1.81 billion compared with $1.48 billion a year ago. The company expects its 2026 adjusted earnings to be in the range of $4.80-$5.30 per share. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.16 per share, higher than the midpoint of the company’s guided range. SRE has also provided a full-year 2027 EPS guidance of $5.10-$5.70. Sempra expects a 7-9% long???term EPS growth rate. Sempra Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. TotalEnergies SE TTE reported first-quarter 2026 operating earnings of $2.45 (€2.10) per share, which surpassed the Zacks Consensus Estimate of $1.99 by 23.1%. The bottom line improved 34% from the year-ago figure of $1.83 (€1.74). TTE’s total revenues for the first quarter were $49.51 billion, which increased from the year-ago reported figure of $47.9 billion by 3.36%. The metric beat the Zacks Consensus Estimate of $46.85 billion by 5.9%. Occidental Petroleum Corporation OXY report...

EOG Resources, Inc. EOG posted adjusted earnings of $3.41 per share in the first quarter of 2026, up 18.8% from the year-ago level of $2.87. The bottom line beat the Zacks Consensus Estimate for earnings of $3.07 by 11.1%. Total revenues of $6.92 billion increased 22.1% year over year and beat the consensus mark of $6.3 billion. Strong quarterly results were supported by higher production, with total crude-oil-equivalent volumes averaging 1,383.8 MBoe/d in the quarter, reflecting strong production execution. EOG Resources, Inc. price-consensus-eps-surprise-chart | EOG Resources, Inc. Quote EOG Resources showed solid leverage to production growth. Net income was $2 billion, translating to reported earnings of $3.70 per share, while adjusted net income was $1.8 billion. Income taxes totaled $575 million, implying an effective tax rate of 22.5% in the period. Cost control helped keep the earnings flow-through intact even as activity remained elevated. Lease and well expenses were $462 million, and depreciation, depletion and amortization was $1.19 billion. For investors, the quarter reinforced that EOG’s earnings power is being driven by a combination of operating scale and steady expense execution. EOG Resources’ top-line composition highlighted the importance of product and midstream-linked contributions. Revenues from crude oil and condensate were $3.58 billion, while natural gas liquids generated $664 million and natural gas contributed $1.02 billion. In total, revenues from sales of crude oil and condensate, NGLs, and natural gas were $5.26 billion. The company also recorded $1.50 billion in gathering, processing and marketing revenues, which can add variability to reported revenues, depending on volumes and market conditions. Other items included $113 million in gains on mark-to-market derivative contracts and $31 million in gains on asset dispositions, helping round out operating revenues during the quarter. EOG delivered a clear year-over-year step-up in liquids volumes. Crude oil and condensate volumes rose to 548.5 MBbld from 502.1 MBbld in the year-ago quarter. Natural gas liquids volumes increased to 332.1 MBbld from 241.7 MBbld, while natural gas volumes climbed to 3,020 MMcfd from 2,080 MMcfd. Realized pricing provided added support on the liquids side. Composite crude oil and condensate pricing averaged $72.47 per barrel versus $72.87 a year ago,...

Murphy Oil Corporation MUR delivered first-quarter 2026 adjusted net earnings of 32 cents per share, outperforming the Zacks Consensus Estimate of 29 cents by 10.3%. However, the bottom line lagged the year-ago quarter’s earnings of 52 cents by 42.8%. GAAP earnings were 37 cents per share compared with 51 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to discontinued operations and other items affecting comparability between periods. Murphy Oil’s revenues were $733.5 million, which beat the Zacks Consensus Estimate of $689 million by 6.5%. Revenues were up 10.2% year over year. Murphy Oil Corporation price-consensus-eps-surprise-chart | Murphy Oil Corporation Quote Murphy Oil produced 174,200 barrels of oil equivalent per day (BOE/D) in first-quarter 2026 (excluding non-controlling interest in GOM), exceeding the guided range of 164,000-172,000 BOE/D. The strong production volume was due to outperformance in the Eagle Ford Shale and strong uptime in the Gulf of America. Total costs and expenses were $595.3 million, up 14.1% from $521.8 million in the year-ago quarter. The increase was primarily due to higher exploration expenses. Interest expenses in the quarter were $28.98 million, up 23.2% compared with $23.52 million in the year-ago quarter. The company is exploring new opportunities in the Gulf of America, Morocco, Côte d’lvoire and Vietnam, which will further strengthen its production volume and operations. Murphy Oil increased its quarterly dividend rate by 8%, resulting in an annual dividend of $1.40 per share. The company distributed a total dividend worth $50 million in the first quarter. Murphy Oil also buys back shares and still has $550 million remaining under its share repurchase authorization. Murphy Oil enjoyed the benefits of improved Crude oil, condensate and natural gas prices both in domestic and international operations. While the decline in natural gas liquids offset some of the gain. The U.S. Crude oil and condensate onshore improved 2.5% year over year to $73.44 per barrel, natural gas onshore improved 10.7% to $3.74 per thousand cubic feet, while natural gas liquids declined 24% to $17.60 per barrel. The company had cash and cash equivalents of $378.7 million as of March 31, 2026, compared with $377.2 million as of Dec. 31, 2025. It had $2.4 billion of liquidity as of March 31, 2026. Long-ter...

Devon Energy Corp. DVN reported first-quarter 2026 earnings per share (EPS) of $1.04, surpassing the Zacks Consensus Estimate of $1 by 4%. The metric was down 14% year over year. GAAP EPS in the reported quarter was 19 cents compared with 77 cents in the year-ago quarter. The difference between GAAP and operating earnings in the first quarter was due to an impact of 81 cents from fair value changes in financial instruments, 1 cent for asset and exploration impairments, and 3 cents from restructuring and transaction costs. Total revenues for the quarter were $3.80 billion, which lagged the Zacks Consensus Estimate of $4.16 billion by 8.5%. The top line decreased 14.5% from the year-ago quarter’s figure Devon Energy Corporation price-consensus-eps-surprise-chart | Devon Energy Corporation Quote Net production in the first quarter totaled 833,000 barrels of oil equivalent per day (Boe/d), up 2.2% year over year. The production volume was within the guided range of 823,000-843,000 Boe/d. Improvement in production volumes from the Delaware Basin boosted the metric. Natural gas liquids production increased 7.4% year over year to 218,000 barrels per day (Bbl/d). Oil production amounted to 387,000 Bbl/d, down marginally by 0.2% on a year-over-year basis, due to a weaker contribution from the Delaware Basin. Realized oil prices (including cash settlements) for the quarter were $67.94 per barrel, down 1.7% from $69.15 in the year-ago period. Realized prices for natural gas liquids were $17.80 per barrel, down 18.8% from $21.93 in the prior-year quarter. Realized gas prices were $1.68 per thousand cubic feet, indicating a decline of 32.3% from $2.48 a year ago. Total oil equivalent realized prices, including cash settlements, were $38.94 per Boe, down nearly 8.3% year over year. Total production expenses in the first quarter were $894 million, down 19.7% year over year. Devon Energy bought back $69 million worth of shares in the first quarter. Looking ahead, management has outlined plans to introduce a new share repurchase program exceeding $5 billion and to raise the quarterly fixed dividend, subject to board approval following the completion of the Coterra merger. On Feb. 2, 2026, Devon Energy agreed to merge with Coterra Energy in an all-stock deal, creating one of the world’s largest shale operators with a strong foothold in the core of the Delaware Basin. The comb...

Energy Transfer ET reported first-quarter 2026 adjusted earnings of 35 cents per unit, which missed the Zacks Consensus Estimate of 38 cents by 7.9%. The bottom line also decreased 2.8% from the year-ago figure of 36 cents. Revenues of $27.77 billion lagged the Zacks Consensus Estimate of $29.29 billion by 5.2%. Total revenues rose 32.1% from the year-ago figure of $21.02 billion. Energy Transfer LP price-consensus-eps-surprise-chart | Energy Transfer LP Quote Total costs and expenses were $24.79 billion, up 33.8% year over year. This increase was due to the higher cost of products sold, operating expenses, depreciation, depletion and amortization, as well as a rise in selling, general and administrative expenses. Operating income totaled $2.98 billion, up 19.8% year over year. Interest expenses, net of interest capitalized, amounted to $947 million, up 17.1% from the prior-year level. In the first quarter, the partnership placed its Gateway NGL Pipeline debottlenecking project into service, enabling higher deliveries of Delaware Basin volumes to Energy Transfer’s NGL fractionation complex at Mont Belvieu. In February 2026, Florida Gas Transmission (“FGT”), an Energy Transfer-operated joint venture, completed Open Seasons for two new projects backed by 15 to 25-year agreements with anchor shippers. The FGT Phase IX project includes about 90 miles of pipeline looping and compression facilities, with an expected capacity of 525 million cubic feet of gas per day (MMcf/d). Subject to conditions and a final investment decision, the South Florida project involves a roughly 40-mile pipeline extension with an expected capacity of 230 MMcf/d, along with compression and a new meter station. Energy Transfer has initiated construction of a new 3-million-barrel ethane storage cavern at its Mont Belvieu NGL fractionation complex. Expected to be in service in the second half of 2027, the project will support the company’s ninth fractionator and future ethane export expansions. The partnership’s 275 MMcf/d Mustang Draw I processing plant is currently under commissioning and is expected to enter full service in June 2026. ET had current assets of $22.26 billion as of March 31, 2026 compared with $18.23 billion as of Dec. 31, 2025. As of March 31, 2026, the firm had a long-term debt, less current maturities, of $69.32 billion compared with $68.31 billion as of Dec. 31, 2025....

Conflict-driven disruption after the closure of the Strait of Hormuz forced shut-ins of roughly 15% of TotalEnergies’ oil and gas output (~360,000 bpd), a shock management says equates to about 10% of upstream cash flow at $60/bbl, while global volatility and inventory drawdowns have pushed oil prices much higher during the crisis. TotalEnergies posted strong Q1 results with cash flow of EUR 8.6 billion (up 20%) and adjusted net income of EUR 5.4 billion (up >40%) The board raised shareholder returns and balance-sheet targets, approving a 5.9% interim dividend increase to EUR 0.90, authorized buybacks up to $1.5 billion per quarter, aims for a full-year cash payout ratio above 40%, and targets gearing in the low teens by end-2026 if oil stays above $100/bbl. Interested in TotalEnergies SE Sponsored ADR? Here are five stocks we like better. Dividends Are Rising: 3 Foreign Stocks Boosting Payouts TotalEnergies (NYSE:TTE) reported first-quarter 2026 results amid what Chairman and CEO Patrick Pouyanné described as a major conflict-driven disruption to global energy markets following the closure of the Strait of Hormuz. Management said the company’s integrated model and diversified portfolio helped it capture higher prices while limiting operational and commercial fallout from shut-in Middle East production. Pouyanné said the company’s first priority since the start of the conflict on Feb. 28 was the safety of employees and their families. TotalEnergies organized evacuations from several countries in the region, and “more than 1,300 people have returned safely,” he said, thanking teams involved in the effort. He added that TotalEnergies maintained a presence alongside partners across the region, including secondees working with ADNOC joint ventures in Abu Dhabi and with QatarEnergy in Qatar. → 5 Stocks to Buy in May Before the Next AI Surge Hits 3 Under-the-Radar Oil Stocks to Keep Your Eye On Operationally, Pouyanné said production was shut down in Qatar, Iraq, and UAE offshore, representing about 15% of TotalEnergies’ total oil and gas output—roughly 360,000 barrels per day. CFO Jean-Pierre Sbraire noted that onshore UAE oil production continued, with sales volumes of about 210,000 barrels per day evacuated through the Fujairah terminal. Pouyanné also said the Dolphin gas system between Qatar and the UAE continued operating because it is “a domestic gulf produc...

ConocoPhillips COP has delivered adjusted earnings per share of $1.89 in the first quarter of 2026, down 9.6% from the year-ago level but beating the Zacks Consensus Estimate of $1.73 by 9.25%. Total revenues of $16.05 billion declined 6.1% year over year, but topped the consensus mark of $14.81 billion by 8.37%. Operationally, the upstream major generated total production of 2,309 thousand barrels of oil-equivalent per day (MBOED). Better-than-expected quarterly earnings can be attributed to the company’s low costs and improved operational efficiency, which helped offset weaker prices and volume dynamics. ConocoPhillips price-consensus-eps-surprise-chart | ConocoPhillips Quote ConocoPhillips’ top line was supported by sales and other operating revenues of $15.76 billion. That figure was lower than the comparable prior-year period, but the company benefited from contributions beyond core sales, including equity in earnings of affiliates and other income. COP has posted first-quarter 2026 net income of $2.2 billion, translating to reported earnings per share of $1.78. Excluding special items, adjusted earnings were $2.3 billion compared with $2.7 billion in the prior-year quarter. Management attributed the quarter’s special items primarily to pending claims and settlements and a loss on a contingent liability measurement. Those items weighed on comparability versus a cleaner earnings base and help explain why adjusted earnings per share trailed the year-ago level despite sequential improvement from fourth-quarter conditions. ConocoPhillips’ segment picture highlighted a cooling in the Lower 48 contribution. Adjusted earnings in the Lower 48 were $1.4 billion, down from $1.7 billion in the first quarter of 2025, reflecting the impacts of weaker gas pricing in the Permian and lower volumes. Alaska posted improved year-over-year adjusted earnings, while Europe, the Middle East and North Africa significantly declined from the prior-year quarter. Corporate and Other remained a drag, consistent with the company’s cost structure that includes net interest expenses, corporate G&A and technology investments. COP reported that production decreased year over year, with organic growth from the Lower 48 more than offset by downtime, including the impacts tied to the Middle East conflict on Qatar, as well as higher Surmont royalties. Lower 48 output totaled 1,453 MBOED, in...