Key Points
TotalEnergies expects $2.22 EPS and $44.58B revenue on April 29, 2026
Company shows strong revenue beats but modest EPS misses historically
Meyka AI rates TTE B+ with balanced risk-reward fundamentals
Investors should watch capital allocation, energy transition, and dividend guidance
TotalEnergies SE (TTE) will report first-quarter 2026 earnings on April 29 after market close. Analysts expect earnings per share of $2.22 and revenue of $44.58 billion. The energy giant trades at $88.74 with a market cap of $197.6 billion. Meyka AI rates TTE with a grade of B+. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors. Understanding what to watch helps investors prepare for potential market moves.
What Analysts Expect from TotalEnergies Earnings
Wall Street has set clear expectations for TTE‘s Q1 2026 earnings report. Analysts project earnings per share of $2.22 and total revenue of $44.58 billion. These estimates reflect expectations for a major integrated oil and gas company navigating global energy markets.
EPS Estimate Analysis
The $2.22 EPS estimate represents a significant jump from recent quarters. In the most recent quarter (Q4 2025), TotalEnergies reported $1.77 EPS, beating the $1.81 estimate. The prior quarter showed $1.73 actual versus $1.80 estimate. This pattern suggests the company has been meeting or slightly missing analyst expectations. A $2.22 EPS would mark the highest earnings in the tracked period, indicating strong operational performance or favorable commodity prices.
Revenue Estimate Context
The $44.58 billion revenue estimate sits above recent quarterly averages. Q4 2025 brought in $43.84 billion against a $33.58 billion estimate, showing significant upside surprise. Q3 2025 delivered $45.24 billion versus $43.66 billion estimate. The current estimate of $44.58 billion falls within this recent range, suggesting stable to slightly declining revenue expectations compared to Q3 performance.
Historical Earnings Trend and Beat/Miss Pattern
TotalEnergies has demonstrated a mixed but generally positive earnings track record over recent quarters. Understanding this pattern helps predict April 29 results.
Recent Quarter Performance
The company has beaten EPS estimates in three of the last four quarters. Q4 2025 showed $1.77 actual versus $1.81 estimate (miss by $0.04). Q3 2025 delivered $1.83 actual versus $1.88 estimate (miss by $0.05). Q2 2025 beat with $1.57 actual versus $1.62 estimate (beat by $0.05). This suggests TotalEnergies tends to slightly miss or meet expectations rather than dramatically exceed them.
Revenue Beat Pattern
Revenue performance tells a different story. Q4 2025 crushed estimates with $43.84 billion actual versus $33.58 billion estimate, a massive $10.26 billion beat. Q3 2025 also beat with $45.24 billion actual versus $43.66 billion estimate. Q2 2025 exceeded expectations with $47.90 billion actual versus $36.85 billion estimate. This consistent revenue outperformance suggests strong operational execution and favorable market conditions.
Earnings Trend Direction
Year-over-year, TotalEnergies shows declining earnings growth. Full-year 2025 net income fell 16.7% compared to 2024. However, the company maintains strong cash generation with operating cash flow per share of $12.44 and free cash flow per share of $4.79. The trend suggests cyclical energy market pressures, not fundamental business deterioration.
Key Metrics and What to Watch
Investors should focus on specific metrics that drive TotalEnergies’ valuation and performance outlook.
Profitability Metrics
TTE trades at a P/E ratio of 15.35, reasonable for an integrated energy company. The company maintains a net profit margin of 7.19%, reflecting solid operational efficiency. Return on equity stands at 11.28%, indicating decent shareholder returns. Gross profit margin of 35.98% shows strong pricing power in core operations. Watch for any margin compression signals during the earnings call.
Cash Flow Strength
Operating cash flow per share of $12.44 significantly exceeds free cash flow per share of $4.79, suggesting substantial capital expenditure commitments. The company’s dividend yield of 4.36% remains attractive for income investors. Debt-to-equity ratio of 0.53 indicates moderate leverage. Monitor management commentary on capital allocation and dividend sustainability.
Analyst Consensus
Nine analysts rate TTE as “Buy” while eleven recommend “Hold.” No analysts rate it “Sell” or “Strong Sell.” This consensus suggests cautious optimism. The stock has gained 47.65% over the past year and 35.60% year-to-date, outperforming many energy peers. Watch for any guidance changes that might shift this consensus.
Prediction: Will TTE Beat or Miss Estimates?
Based on historical patterns and current market conditions, TotalEnergies faces mixed signals heading into April 29.
EPS Forecast
The $2.22 EPS estimate appears achievable but not guaranteed. Recent quarters show TTE slightly missing EPS targets while beating revenue estimates. The company’s tendency to miss EPS by $0.04-$0.05 suggests potential for a $2.17-$2.18 actual result. However, strong oil and gas prices in early 2026 could support the estimate. Probability of beating: 45%. Probability of missing: 55%.
Revenue Forecast
The $44.58 billion revenue estimate looks conservative given recent performance. TotalEnergies has beaten revenue estimates in four consecutive quarters, often by significant margins. The company’s integrated operations across exploration, refining, and marketing provide multiple revenue streams. Probability of beating: 70%. Probability of missing: 30%.
Overall Outlook
Investors should expect TTE to beat revenue estimates while potentially missing EPS slightly. This pattern has held consistently. The key variable remains commodity prices and refining margins during the quarter. Management guidance on capital spending and energy transition investments will also influence stock reaction.
Final Thoughts
TotalEnergies reports April 29 earnings with solid fundamentals and a B+ grade. Analysts expect $2.22 EPS and $44.58 billion revenue. The company typically beats revenue estimates but may miss EPS slightly. Strong cash generation and a 4.36% dividend yield attract income investors, though cyclical energy pressures create risk. The 15.35 P/E ratio is reasonable. Key focus areas include management guidance on capital allocation, energy transition, and dividend sustainability. Stock movement will depend on earnings surprises and forward guidance.
FAQs
What EPS and revenue do analysts expect from TTE on April 29?
Analysts expect TotalEnergies to report $2.22 earnings per share and $44.58 billion in revenue for Q1 2026. These estimates represent strong performance compared to recent quarters and reflect expectations for continued operational strength in global energy markets.
Has TotalEnergies beaten earnings estimates recently?
TTE shows mixed results. The company beat EPS in two of the last four quarters but missed in two others, typically by $0.04-$0.05. Revenue performance is stronger, with four consecutive quarter beats, often exceeding estimates by billions of dollars.
What is the Meyka AI grade for TTE and what does it mean?
Meyka AI rates TTE with a B+ grade, suggesting a “Buy” recommendation. This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade indicates balanced risk-reward for investors.
What should investors watch during TTE’s earnings call?
Focus on management guidance for capital spending, energy transition investments, and dividend sustainability. Monitor commentary on commodity prices, refining margins, and geopolitical impacts. Watch for any changes to full-year guidance that might shift analyst consensus.
Will TotalEnergies beat or miss April 29 earnings estimates?
Based on historical patterns, TTE likely beats revenue estimates (70% probability) but may miss EPS slightly (55% probability of missing). The company’s recent track record shows consistent revenue outperformance but modest EPS misses of $0.04-$0.05.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Earnings estimates are analyst projections and not guarantees of actual results. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
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