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Suncor Energy (SU)
NYSE:SU
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.88Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 2.25%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Suncor delivered a record-breaking performance in 2024, with significant improvements in safety, production, and financial metrics. However, the company faces challenges in the form of a volatile business environment and increased maintenance activities in 2025.Company Guidance
During Suncor Energy's fourth quarter 2024 financial results call, the company provided comprehensive guidance metrics emphasizing strong operational performance and strategic achievements. The key highlights include a record upstream production of 828,000 barrels per day, 11% higher than 2023, and surpassing guidance by 18,000 barrels per day. Upgrader utilization reached a historic high of 98%, with refining throughput averaging 465,000 barrels per day, exceeding the previous best by 5.5%. The company also reported a 100% refining utilization rate, with Edmonton leading at 105%. Suncor achieved $13.1 billion in total operating, selling, and general expenses, reflecting a decrease of $324 million year-over-year despite increased production and refining volumes. The capital expenditure for the year was $6.2 billion, below the midpoint of guidance, while free funds flow remained steady at $7.4 billion, countering a $1.5 billion decline in business environment impacts. The company returned $5.7 billion to shareholders via buybacks and dividends, highlighting a strategic focus on shareholder value. Looking ahead to 2025, Suncor projects upstream production between 810,000 to 840,000 barrels per day and refining utilization of 93% to 97%, with capital guidance set at $6.1 billion to $6.3 billion. The company aims to build on the operational momentum from 2024, focusing on cost management and further growth initiatives.Record Safety Performance
Achieved the safest year ever in 2024, with lost time injuries down 30% year-on-year and down 60% over the last 2 years. Recordable injuries were down 16% year-on-year or 30% over the last 2 years.
Upstream Production Milestone
Full year upstream production reached 828,000 barrels a day, the best in company history, with a 6.5% increase from the previous best and 11% higher than 2023.
Refining and Utilization Success
Full year refining throughput was 465,000 barrels a day, the highest in history, with a 5.5% increase from the previous best and 10.5% higher than 2023.
Financial Achievements
Generated $7.4 billion in free funds flow, maintained net debt at $8 billion target, and returned $5.7 billion to shareholders in dividends and buybacks.
Operating Cost Reduction
Total OS&G expenses were down $324 million year-on-year, despite increased production and throughput, showcasing strong cost management.
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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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SU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $38.69 | $38.44 | -0.65% |
| Nov 12, 2024 | $37.72 | $39.19 | +3.90% |
| Aug 06, 2024 | $36.26 | $37.91 | +4.55% |
| May 07, 2024 | $37.76 | $37.85 | +0.24% |
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 (SU) report earnings?
Suncor Energy (SU) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Suncor Energy (SU) earnings time?
Suncor Energy (SU) earnings time is at May 13, 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 SU EPS forecast?
SU EPS forecast for the fiscal quarter 2025 (Q1) is 0.88.
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