BAKU, Azerbaijan, February 5. TotalEnergies' Integrated LNG segment saw a strong rebound in cash flow in the fourth quarter of 2024, with cash flow from operations excluding working capital (CFFO) reaching $1.4 billion - a 63% increase from Q3 2024’s $888 million, Trend reports.
This sharp quarterly increase was driven by higher LNG production, strong trading results amid market volatility, and an average LNG selling price exceeding $10/Mbtu, the producer noted. Additionally, a $150 million timing effect in dividend payments from equity affiliates further boosted cash flow.
Despite this positive quarterly momentum, full-year 2024 CFFO declined by 33% to $4.9 billion, down from $7.3 billion in 2023. This decline was largely due to weaker LNG prices and low market volatility in the first three quarters, which impacted gas trading results.
A similar trend was seen in cash flow from operating activities, which more than doubled in Q4 2024, reaching $2.2 billion - a 2.7x increase compared to Q3’s $830 million. However, the full-year figure dropped 39% year-on-year, from $8.4 billion in 2023 to $5.2 billion in 2024.