TTE - Earnings Beat Cash Flow Heat: Mixed Quarter For TotalEnergies | Benzinga
TotalEnergies SE (NYSE:TTE) reported an adjusted EPS of $2.14, down 18% Y/Y, beating the consensus of $2.06.
Hydrocarbon production fell 2% Y/Y to 2,461 kboe/d, with a 4% Y/Y decline in Exploration & Production and a 6% Y/Y increase in Integrated LNG businesses. Refinery throughput was up 2% Y/Y.
Adjusted operating income fell 4% Y/Y to $2.55 billion in Exploration & Production, declined 41% Y/Y to $1.22 billion in Integrated LNG, and decreased 41% Y/Y to $962 million in Refining & Chemicals segments.
Adjusted EBITDA declined 19% Y/Y to $11.5 billion. ...