TotalEnergies Ships First ECA LNG Cargo, Exits European Solar Assets

On Thursday, TotalEnergies SE (NYSE:TTE) announced it shipped the first LNG cargo from the ECA LNG export terminal in Baja California, Mexico, marking a key milestone as the facility nears commercial operations.

The company owns a 16.6% stake in the project and will offtake 1.7 million tonnes of LNG annually for 20 years once operations begin.

Separately, TotalEnergies completed the sale of its distributed solar assets in Europe, exiting that business to focus on larger utility-scale solar and wind projects without slowing its renewable energy expansion.

Critical Price Levels To Watch For TTE

In premarket trading, the broader tape is leaning risk-on with S&P 500 futures higher. Currently, TTE is slightly red—suggesting the move is more about near-term positioning and levels than a negative read-through on the LNG update.

At $78.69, TTE is trading below its short- and medium-term trend gauges—about 2.7% below the 20-day SMA ($80.91) and 9.2% below the 50-day SMA ($86.71)—which keeps rallies vulnerable to selling pressure until those averages are reclaimed. The longer-term backdrop is still constructive with the stock 4.4% above the 200-day SMA ($75.34), and the 50-day SMA remains above the 200-day SMA (a golden cross that occurred in July 2025).

Momentum is best framed by MACD right now: MACD is above its signal line and the histogram is positive, which points to improving momentum versus the prior downswing even if price hasn’t fully repaired the trend. In plain English, when MACD is above its signal line, it often means downside pressure is easing and buyers are starting to win more of the day-to-day battle.

From a levels perspective, the upside "prove it" area is still higher on the chart, while downside risk is defined by the prior low zone.

• Key Resistance: $93.50 — near the upper end of the 52-week range ($94.17 high), a zone where rebounds can stall
• Key Support: $63.50 — a prior demand area closer to the lower end of the 52-week range ($57.39 low)

TotalEnergies Earnings Preview for July 2026

The countdown is on: TotalEnergies is set to report earnings on July 23, 2026 (confirmed).

• EPS Estimate: $2.75 (Up from $1.57 YoY)
• Revenue Estimate: $51.90 Billion (Up from $49.63 Billion YoY)
• Valuation: P/E of 11.7x (Indicates value opportunity relative to peers)

Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $83.00. Recent analyst moves include:

• CICC: Initiated with Outperform (June 23)
• Scotiabank: Sector Perform (Raises Target to $97.00) (April 22)
• Piper Sandler: Neutral (Raises Target to $92.00) (March 12)

TotalEnergies Benzinga Edge Scorecard Overview

Below is the Benzinga Edge scorecard for TotalEnergies, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Neutral (Score: 66.06) — The stock’s recent tape is improving, but it’s not in clear leadership mode versus the broader market.
• Value: Bullish (Score: 91.61) — The score points to a value-tilt setup, consistent with a lower-multiple profile versus many large-cap peers.
• Growth: Neutral (Score: 45.89) — Growth is more middle-of-the-pack, so the story tends to hinge more on cycle, cash returns, and execution than rapid expansion.

The Verdict: TotalEnergies’ Benzinga Edge signal reveals a value-oriented profile with moderate momentum and average growth characteristics. For longer-term investors, that mix often works best when the stock can hold above its 200-day moving average and start reclaiming the 50-day as sentiment improves into catalysts like earnings.

TTE ETF Exposure and Fund Flows

• SPDR DJ Euro STOXX 50 Etf (NYSE:FEZ): 2.86% Weight
• SPDR S&P Global Natural Resources ETF (NYSE:GNR): 2.77% Weight
• Invesco FTSE RAFI Developed Markets ex-US ETF (NYSE:PXF): 1.36% Weight

Significance: Because TTE carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

TTE Stock Price Activity During Premarket

TTE Stock Price Activity: TotalEnergies shares were down 0.47% at $78.50 at last check on Thursday, according to Benzinga Pro data.

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