Suncor Energy (SU)
NYSE:SU
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.79Last Year’s EPS
0.94Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized record operational and safety performance, strong organic production and throughput growth, significant capital discipline, a materially strengthened balance sheet, and robust shareholder returns (large buybacks and rising dividends). Management repeatedly highlighted resilience to lower oil prices and multiple high-ROI operational improvements. The lowlights were largely situational and manageable — commodity-price effects on cash metrics, working-capital seasonality, weather risk, and the need to formalize internal capacity gains externally. Overall, the positive operational and financial advancements materially outweigh the manageable risks.Company Guidance
Record Safety Performance
2025 was the safest year in company history with injuries and incidents down 70% versus 2022 over a 3-year period; improvements in both personnel and process safety.
Upstream Production — Best Ever
Q4 upstream production of 909,000 barrels per day (kbd), a company record and +34,000 b/d versus prior best (Q4 2024). Full-year production 860 kbd, best ever and +32,000 b/d vs 2024; 2-year growth of 114,000 b/d achieved organically (no major acquisitions).
Upgrader and Refining Utilization at All-Time Highs
Upgrader utilization 106% in Q4 and 99% for the year (best ever). Refining throughput Q4 504 kbd (record) and full-year 480 kbd (record). Refining utilization 108% in Q4 and 103% for the year; all four refineries at 100%+ for second consecutive quarter.
Product Sales Growth
Product sales Q4 640 kbd (best Q4 ever, +27 kbd vs prior best) and full-year 623 kbd (best ever). Product sales were 38,000 b/d above the high end of original guidance and up 70,000 b/d over two years.
Capital Discipline and Lower Spend
Full-year capital spending of $5.66 billion, down $510 million versus 2024 and $540 million below original guidance; OS&G $13.2 billion (within 1.5% of 2024) despite ~4% higher upstream production and nearly 4% higher refined product sales.
Balance Sheet Strength and Liquidity
Net debt reduced to $6.3 billion (greater-than-10-year low), below the prior $8 billion target achieved earlier. Renewed $5.2 billion in credit facilities and refinanced CAD 1 billion in notes at industry-low spreads.
Shareholder Returns and Buybacks
More than $3 billion in share buybacks in 2025 (163 million shares repurchased, >12% of float, average price $50). Monthly buybacks increased from $250M to $275M and management intends to continue at the higher level into 2026. Dividend per share up 5% year-over-year; buybacks and dividend per share increased while average crude prices fell by $11/bbl.
Operational Improvements Delivering High ROI
Numerous small investments with outsized returns: e.g., Montreal: ~$100k capex (2 control valves, 1 pump, small motor) yielded +20,000 b/d throughput (~$100M/year improvement). Edmonton: $140k catalyst/routing changes increased diesel yield by ~8,000 b/d (~$45M/year). Mining: autonomous haul fleet (140 trucks), 'mud mode' improvements and 12% year-over-year increase in material moved (1.4 billion tons) at essentially same cost base.
Resilience to Lower Oil Prices
WTI down 15% year-on-year while AFFO decreased only 8% and free funds flow down 6%, demonstrating increased resiliency; stated WTI breakeven in the low $40s. Q4 AFFO $3.2 billion, 6% higher than Q1 despite average oil price dropping from $71 to $59/bbl.
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
SU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $53.05 | $52.73 | -0.60% |
Nov 05, 2025 | $40.50 | $41.26 | +1.87% |
Aug 05, 2025 | $38.18 | $38.16 | -0.05% |
May 06, 2025 | $33.77 | $32.66 | -3.30% |
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.
FAQ
When does Suncor Energy (SU) report earnings?
Suncor Energy (SU) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Suncor Energy (SU) earnings time?
Suncor Energy (SU) earnings time is at May 12, 2026, Before Open (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 SU EPS forecast?
SU EPS forecast for the fiscal quarter 2026 (Q1) is 0.79.
