Suncor Energy (NYSE:SU) Issues Earnings Results

Key Points

• Suncor reported quarterly EPS of $1.41, missing consensus by $0.04, while revenue beat at $10.41 billion versus estimates of $9.22 billion.
• Management highlighted record 2025 operational results (upstream 860,000 bpd, refining 480,000 bpd, capex CAD 5.7 billion) and unveiled a three‑year plan to add 100,000 bpd, lift free funds flow by CAD 2 billion annually and cut breakeven to below US$40/barrel.
• The company announced a quarterly dividend of $0.60 (annualized $2.40, ~3.8% yield), and shareholders re‑elected all directors and approved say‑on‑pay while rejecting a climate‑related proposal.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU released its quarterly earnings data on Tuesday. The oil and gas producer reported $1.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.45 by ($0.04), Zacks reports. Suncor Energy had a return on equity of 14.06% and a net margin of 12.29%.The company had revenue of $10.41 billion for the quarter, compared to analyst estimates of $9.22 billion. During the same period in the previous year, the business posted $1.31 EPS.

Here are the key takeaways from Suncor Energy's conference call:

• Shareholders re-elected all 10 directors (each with over 92% support), reappointed KPMG as auditors (>99% support), and approved the advisory "say on pay" (94.72% in favor), while rejecting the climate-related shareholder proposal (over 80% against).
• Management reported record 2025 operational and financial results — including upstream production of 860,000 bpd, refining throughput of 480,000 bpd, capex of CAD 5.7 billion, and total shareholder returns of CAD 5.8 billion (dividends plus buybacks).
• Suncor credited implementation of its OEMS operational-excellence system and pay changes for driving a ~75% reduction in injuries, best-ever asset reliability (upgraders 99%, refineries 103%), and stronger operational consistency.
• Management unveiled a new three‑year plan to grow production by an additional 100,000 bpd, raise free funds flow by CAD 2 billion annually, and cut corporate WTI breakeven by US$5 to below US$40 per barrel, signaling further shareholder returns potential.
• Investors raised governance and disclosure concerns — proponents asked for clearer board oversight disclosure on carbon-related risks (the proposal was opposed by management), and questions were raised about Syncrude Mine Financial Security Program payments, which management and auditors say are reflected in existing asset retirement obligations.

Suncor Energy Trading Down 0.8%

SU stock traded down $0.50 during mid-day trading on Thursday, reaching $63.82. The company had a trading volume of 3,230,687 shares, compared to its average volume of 5,113,865. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 0.89. The company has a market capitalization of $75.57 billion, a PE ratio of 16.75 and a beta of 0.31. The firm has a 50 day moving average of $62.47 and a 200 day moving average of $51.99. Suncor Energy has a 12 month low of $34.04 and a 12 month high of $70.29.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, June 4th. Suncor Energy's dividend payout ratio is currently 50.72%.

Hedge Funds Weigh In On Suncor Energy

A number of hedge funds have recently added to or reduced their stakes in SU. AQR Capital Management LLC grew its stake in Suncor Energy by 7,636.8% in the 4th quarter. AQR Capital Management LLC now owns 6,016,483 shares of the oil and gas producer's stock worth $267,042,000 after acquiring an additional 5,938,719 shares in the last quarter. FIL Ltd grew its stake in Suncor Energy by 14.0% in the 4th quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer's stock worth $934,312,000 after acquiring an additional 2,592,516 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Suncor Energy by 334.8% during the third quarter. Alyeska Investment Group L.P. now owns 2,590,863 shares of the oil and gas producer's stock valued at $108,324,000 after purchasing an additional 1,995,007 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Suncor Energy by 173.2% during the third quarter. Lazard Asset Management LLC now owns 3,036,031 shares of the oil and gas producer's stock valued at $126,994,000 after purchasing an additional 1,924,923 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Suncor Energy by 17.5% during the fourth quarter. Morgan Stanley now owns 12,877,899 shares of the oil and gas producer's stock valued at $571,264,000 after purchasing an additional 1,917,612 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SU. JPMorgan Chase & Co. raised shares of Suncor Energy from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $46.15 to $54.00 in a research report on Tuesday, January 20th. ATB Cormark Capital Markets raised shares of Suncor Energy from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, April 1st. Zacks Research raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. The Goldman Sachs Group increased their price objective on shares of Suncor Energy from $66.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada increased their price objective on shares of Suncor Energy from $75.00 to $89.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $72.00.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company's operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.

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