TotalEnergies SE Reports Significant Drop in Q1 Earnings

TotalEnergies SE announced a notable decrease in its first-quarter earnings for 2025, with net income attributable to shareholders falling by 33% year-on-year to $3.85 billion, compared to $5.72 billion in the same period of 2024.

Adjusted Earnings and EBITDA Also See Declines

The company's adjusted net income saw an 18% drop to $4.2 billion, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 9% to $10.5 billion. Additionally, cash flow from operations excluding working capital was reported at $6.99 billion, marking a 14% decrease from the previous year.

CEO Comments on Quarterly Performance

Despite the downturn, CEO Patrick Pouyanne highlighted the company's strong results, stating, "TotalEnergies delivered strong results in the first quarter of 2025 that are in line with the positive results of the fourth quarter of 2024." Diluted earnings per share were $1.83, down 15% from the first quarter of 2024.