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Suncor Energy (TSE:SU)
TSX:SU
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.88Last Year’s EPS
1.27Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: -1.39%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
Suncor Energy's first-quarter earnings call highlighted a strong operational and financial performance, with record-breaking production and refining throughput, significant cost reductions, and strategic progress. However, challenges such as U.S. tariffs and logistical issues were noted. Overall, the positive aspects significantly outweighed the negatives.Company Guidance
During the first quarter of 2025, Suncor Energy provided robust guidance, focusing on operational achievements and financial resilience. The company reported its highest-ever first-quarter upstream production at 853,000 barrels per day, surpassing the previous year's record by 18,000 barrels. Upgrader utilization was notably strong at 102%, marking the fourth quarter out of the last five with utilization rates at 99% or higher. Refining throughput also set a record for the first quarter at 483,000 barrels per day, with a refining utilization of 104%. The company achieved refined product sales of 605,000 barrels per day, another record for the first quarter. Operating costs (OS&G) were reduced by 4.2% to $3.3 billion despite increased production and throughput, demonstrating significant operating leverage. Financially, Suncor generated $3 billion in adjusted funds from operations, returning $1.5 billion to shareholders through dividends and share buybacks. The guidance emphasized Suncor's strategic focus on sustainable excellence, cost reduction, and shareholder value, with ongoing capital discipline to navigate the uncertain market environment.Record-Breaking Upstream Production
Upstream production reached 853,000 barrels a day, marking the highest first quarter ever and the second highest quarter in company history, surpassing last year's record by 18,000 barrels.
Exceptional Refining Throughput and Utilization
Refining throughput hit 483,000 barrels a day, the highest first quarter ever, with refining utilization at an exceptional 104%, marking the third consecutive quarter above 100%.
Operational Safety Achievements
Suncor continued to maintain its safety performance with recordable and lost time events down significantly, and the base plant team won the John T. Ryan National Safety Award for outstanding safety performance.
Significant Cost Reduction
Total operating, selling, and general (OS&G) expenses stood at $3.3 billion, down $143 million or 4.2% compared to the previous year, despite increased production and throughput.
Strong Financial Performance
Suncor generated $3 billion of adjusted funds from operations and returned nearly $1.5 billion to shareholders, including $705 million in dividends and $750 million in share buybacks.
Progress on Strategic Objectives
Suncor achieved 75% of its three-year production growth target and 70% reduction in breakeven costs, along with 70% of its free funds flow growth target within the first year.
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TSE:SU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:SU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 06, 2025 | C$48.36 | C$46.99 | -2.83% |
| Feb 05, 2025 | C$54.84 | C$54.39 | -0.81% |
| Nov 12, 2024 | C$52.04 | C$54.23 | +4.21% |
| Aug 06, 2024 | C$49.39 | C$51.55 | +4.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Suncor Energy (TSE:SU) report earnings?
Suncor Energy (TSE:SU) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Suncor Energy (TSE:SU) earnings time?
Suncor Energy (TSE:SU) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SU EPS forecast?
TSE:SU EPS forecast for the fiscal quarter 2025 (Q2) is 0.88.
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