# The French energy giant posted adjusted earnings of $2.45 per share.

*business · news · 2026-04-29 · Benzinga*

## Key points

- TotalEnergies completed the acquisition of a 50% stake in EPH's Western Europe power platform.
- Middle East conflicts caused a 15% production shutdown in Qatar, Iraq, and the UAE.
- The EPH deal makes TotalEnergies the second-largest flexible generation player, TTEP, in Western Europe.
- Integrated Power segment expects to add about 10 TWh net output in 2026 post-EPH deal.

**Companies:** TotalEnergies SE
**Countries:** France, Qatar, Iraq, United Arab Emirates

[Read the full story on Benzinga](https://www.benzinga.com/markets/earnings/26/04/52135067/totalenergies-beats-q1-estimates-flags-middle-east-production-hit-from-conflict)

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