TotalEnergies Q1 Net Profit Up 29%, €0.90 Interim Dividend and 14 GW Power Asset Deal
TotalEnergies reported first-quarter 2026 net profit climbed 29% year-on-year, driven by strong trading and oil prices despite 15% of upstream output offline. The company announced a €0.90/share interim dividend, a 5.9% increase, and completed the acquisition of 50% of EPH’s flexible power platform adding 14 GW capacity, issuing 95.4 million new shares.
1. Q1 Earnings Performance
TotalEnergies posted a 29% year-on-year rise in first-quarter 2026 net profit, underpinned by robust trading operations and elevated oil prices. Supply disruptions from regional conflict sidelined roughly 15% of upstream capacity, yet the company still outperformed expectations.
2. Interim Dividend Increase
The board approved a first interim dividend of €0.90 per share for fiscal 2026, marking a 5.9% rise over 2025 distributions. This dividend will be detached and paid in cash in May 2026, underscoring TotalEnergies’ commitment to returning capital to shareholders.
3. Acquisition of Flexible Power Assets
On April 29, 2026, TotalEnergies completed its purchase of 50% of EPH’s flexible power generation platform in Western Europe, forming TTEP with 14 GW of installed or in-construction capacity across five countries. The joint venture generated nearly 30 TWh in 2025, holds a 5 GW project pipeline and issued 95.4 million new shares (4.2% of capital) to EPH as consideration.