BAKU, Azerbaijan, November 6. TotalEnergies reported its third-quarter 2024 results, with its integrated power segment showing signs of stability amid a challenging market, Trend reports.
The company’s adjusted net operating income for the segment reached $485 million, a slight 3% decline from the $502 million reported in the second quarter of 2024 but relatively steady compared to the same period last year ($506 million).
One of the standout metrics was the cash flow from operations, excluding working capital (CFFO), which increased marginally to $636 million, up 2% from the previous quarter and a significant 23% year-on-year increase from 3Q2023’s $516 million.
This growth in CFFO reflects TotalEnergies’ robust operational model and its dedication to the power value chain, which includes renewable energy assets, flexible power resources, and targeted customer-centric strategies.
The company also reported a substantial increase in organic investments, which jumped by 19% from last quarter, amounting to $707 million, underlining its continued commitment to expanding its renewable energy and power infrastructure. However, adjusted income from equity affiliates saw a 17% drop quarter-on-quarter, highlighting some areas of volatility in external partnerships.