BAKU, Azerbaijan, November 8. In the third quarter of 2023, TotalEnergies' adjusted net operating income for integrated power reached $506 million, Trend reports.
According to the company, this reflects a 12-percent increase when compared to the previous quarter $450 million in 2Q2023). At the same time, on a yearly basis, this figure more than doubled, compared to $236 million gained in 3Q2022.
Meanwhile, TotalEnergies reported almost tripple year-on-year growth over the first nine months of 2023, rising from $494 million to $1.326 billion.
Likewise, the cash flow from operations, excluding working capital (CFFO), rose by 5 percent to $516 million during the third quarter of the current year. This upturn can be attributed to the growing power generation from renewable sources and the strong performance of the profitable Integrated Power model.
Meanwhile, TotalEnergies' net power production in the third quarter of 2023 increased to 8.9 TWh. This marked a 7-percent rise, compared to the previous quarter (8.2 TWh in 2Q2023).
