TotalEnergies, FR0000120271

TotalEnergies adds 700 MW: TotalEnergies stock sits 2.50 percent below high

Published on 10/13/2026 at 09:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 57.10 billion, up 28.00 percent year over year. TotalEnergies stock costs EUR 79.26 on October 13, 2026 versus Xetra close EUR 79.02.

Key points in brief

TotalEnergies announced a 700 MW expansion of its U.S. solar joint venture with KKR on October 12, 2026.
The portfolio has an enterprise value of USD 1.20 billion and is expected to reach operation in the first quarter of 2027.
Q2 2026 revenue rose 28.00 percent year over year to USD 57.10 billion, while net income reached USD 5.44 billion.
TotalEnergies stock was EUR 79.26 at Lang & Schwarz on October 13, 2026, 2.50 percent below its EUR 81.29 52-week high.

Flatlay: Rohöl-Proben, Solarpaneel, LNG-Diagramm und ISIN-Karte FR0000120271 auf Marmor — TotalEnergies FR0000120271 Flatlay zeigt Öl-Probefläschchen, Solarpaneel-Modul, LNG-Prozessdiagramm und ISIN-Karte auf weißem Marmor, Illustration mit AI erstellt.

TotalEnergies (ISIN FR0000120271) was trading at EUR 79.26 at Lang & Schwarz on October 13, 2026 at 9:11 a.m. CEST, up 0.30 percent versus the Xetra close of October 12, 2026 at EUR 79.02 and 2.50 percent below its EUR 81.29 52-week high. On October 12, 2026, TotalEnergies announced an agreement with KKR to add 700 megawatts to their U.S. renewable energy joint venture.

700 MW expands KKR venture

The transaction covers three utility-scale solar assets in Texas and Ohio and values the portfolio at USD 1.20 billion. The assets are expected to reach commercial operation in the first quarter of 2027, while TotalEnergies will continue operating them after completion.

The 50:50 venture currently holds 1.40 gigawatts, so the addition would lift its capacity to 2.10 gigawatts. Electricity from the projects is already sold to third parties or will be marketed by TotalEnergies, which gives the company operating control alongside capital from KKR.

What does the expansion add?

The renewable portfolio is a measurable counterweight to TotalEnergies' traditional oil and gas exposure. The company said in its October 12 release that it held more than 37 gigawatts of gross renewable power generation capacity at the end of June 2026, while its longer-term objective is more than 100 terawatt-hours of net electricity production by 2030.

Financial performance also gives the announcement scale. In the second quarter of 2026, Simply Wall St reported revenue of USD 57.10 billion, up 28.00 percent from the second quarter of 2025, and net income of USD 5.44 billion, up 102.00 percent. Earnings per share reached USD 2.44, while revenue exceeded analyst estimates by 4.50 percent.

Three dated signals for TTE

On October 2, 2026, Markets Insider reported that BofA raised its target from EUR 87.00 to EUR 88.00 and kept a Buy rating. On October 5, 2026, Markets Insider reported that Barclays raised its target from EUR 95.00 to EUR 100.00 and maintained an Overweight rating. On October 12, 2026, TotalEnergies announced the USD 1.20 billion solar portfolio with KKR.

Next date is October 29

TotalEnergies lists October 29, 2026 as the date for its third-quarter 2026 results. That release will test whether the second-quarter revenue growth and profit improvement are continuing into the next reporting period.

Stock remains below yearly high

TotalEnergies stock was trading at EUR 79.26 at Lang & Schwarz on October 13, 2026 at 9:11 a.m. CEST, up 0.30 percent versus the Xetra close of October 12, 2026 at EUR 79.02. The distance to the EUR 81.29 52-week high was 2.50 percent, keeping the share close to its yearly peak without making the daily move the main story. The further course of trading is shown by the continuously updated real-time quote of TotalEnergies stock.