TotalEnergies SE (NYSE:TTE)
$ 73.82 0.11 (0.15%) Market Cap: 171.22 Bil Enterprise Value: 193.94 Bil PE Ratio: 8.38 PB Ratio: 1.46 GF Score: 84/100

Q1 2021 Total SE Earnings Call Transcript

Apr 29, 2021 / 11:30AM GMT
Release Date Price: $45.19 (-1.48%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Total First Quarter 2021 Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today. I would now like to hand the conference over to Mr. Jean-Pierre Sbraire, CFO of Total. Please go ahead, sir.

Jean;Pierre Sbraire
TOTAL SE - CFO

Thank you very much, and hello, everyone. So we began the year with a strong set of first quarter results that demonstrate total ability to fully leverage the upside of an improving environment. While Brent was up by 22% compared to Q1 '20, Total first quarter 2021 adjusted net income jumped by about 70% to $3 billion or $1.1 per share. We are back on track, and this $3 billion of adjusted net income is actually above the level of the precrisis first quarter 2019 despite a less favorable environment this year, benefiting from the action plan delivered in 2020. Debt adjusted cash flow was very strong at $5.8 billion, up by 1/3 compared to a year ago. And gearing, one of our key metrics, was brought

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot