Suncor Energy Inc. (SU) is a major integrated energy company operating in Canada, the United States and internationally. Founded in 1917 and headquartered in Calgary, Canada, SU has grown to become a key player in the oil-energy sector. The company operates through three main segments, Oil Sands, which focuses on producing and marketing bitumen and managing crude oil, power and byproducts.Exploration and Production, which includes offshore operations on Canada's east coast and onshore assets in Libya and Sy ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Suncor Energy (SU) , which belongs to the Zacks Oil and Gas - Integrated - Canadian industry.This energy company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 15.63%.For the last reported quarter, Suncor Energy came out with earn ...

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Group 1: Company Overview - Suncor Energy is a major player in the Oil & Gas industry, based in Alberta, and is one of Canada's largest oil producers [1] - The company is known for its operations in the Athabasca oil sands, which is among the largest oil reserves globally [1] Group 2: Investment Focus - The analysis emphasizes a focus on undervalued and disliked companies or industries with strong fundamentals and good cash flows [1] - There is a particular interest in sectors such as Oil & Gas and consumer goods, especially those that have been overlooked for unjustified reasons [1] Group 3: Investment Strategy - The investment strategy leans towards long-term value investing, while also considering potential deal arbitrage opportunities [1] - The analysis expresses a preference for businesses that are easily understandable, avoiding high-tech and certain consumer goods sectors [1]

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Group 1 - Clearway Energy (CWENA) is currently outperforming its Oils-Energy peers with a year-to-date return of 12.7%, while the average return for the sector is -1.9% [4] - The Zacks Rank for Clearway Energy is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The consensus estimate for CWENA's full-year earnings has increased by 1.4% over the past three months, reflecting stronger analyst sentiment [3] Group 2 - Clearway Energy is part of the Alternative Energy - Other industry, which consists of 47 stocks and currently holds a Zacks Industry Rank of 56 [5] - The average return for stocks in the Alternative Energy - Other industry is -2.2% year-to-date, further highlighting Clearway Energy's strong performance [5] - In contrast, Suncor Energy, another stock in the Oils-Energy sector, has a year-to-date return of 0.4% and also holds a Zacks Rank of 2 (Buy) [4][6]

Core Viewpoint - Suncor Energy's recent earnings report shows a mixed performance with strong production growth in the upstream segment but challenges in the downstream segment and overall revenue decline due to lower commodity prices [2][3][5]. Financial Performance - Adjusted operating earnings for Q4 2024 were 89 Canadian cents per share, exceeding the Zacks Consensus Estimate of 82 Canadian cents, but down from 93 Canadian cents in the same quarter last year [2]. - Operating revenues reached $8.9 billion, surpassing estimates by 4.3%, but decreased approximately 14% year over year due to lower commodity prices [3]. - Total expenses increased by 6.2% to C$11.4 billion compared to the prior-year quarter [17]. Shareholder Returns - The company distributed a total of C$1.7 billion to shareholders in Q4 2024, including C$1 billion in share repurchases and C$700 million in dividends [4]. - A quarterly dividend of 57 Canadian cents per share was declared, unchanged from the previous quarter [3]. Production and Operational Highlights - Upstream production reached a record 875,000 barrels per day (bbls/d), a 20% increase year over year, and exceeded the consensus estimate of 846,000 bbl/d [7]. - Oil sands bitumen production hit a record of 951,500 bbls/d, up from 866,200 bbls/d in the previous year [7]. - Refining throughput was near-record at 486,200 bbls/d, with refinery utilization at 104% [5][16]. Cost Management - Operating cost per barrel decreased to C$26.55 from C$30.80 in the corresponding period of 2023, attributed to higher production and lower commodity costs [9][12]. - Cash operating costs for Oil Sands operations are expected to range from C$26 to C$29 per barrel for 2025 [21]. Future Guidance - For 2025, Suncor Energy expects upstream production to range from 810,000 to 840,000 barrels of oil equivalent per day (boe/d) [19]. - Total capital expenditures for 2025 are projected to be between C$6.1 billion and C$6.3 billion [22]. Market Sentiment - There has been an upward trend in estimates revision, with the consensus estimate shifting by 21.95% [23]. - The stock has a Zacks Rank 2 (Buy), indicating expectations for above-average returns in the coming months [25].

| 2024 Highlights | 1 | | --- | --- | | Message to Shareholders | 2 | | Advisories | 8 | | Management's Discussion | 10 | | and Analysis | | | Management's Statement of | 65 | | Responsibility for Financial Reporting | | | Management's Report on Internal | 66 | | Control over Financial Reporting | | | Independent Auditor's Report | 67 | | Audited Consolidated Financial | 69 | | Statements and Notes | | | Supplemental Financial and | 116 | | Operating Information | | | Share Trading Information | 140 | | Lea ...

Core Viewpoint - Suncor Energy has filed its 2024 Annual Report and renewed its Normal Course Issuer Bid (NCIB) to repurchase up to 123.8 million common shares, representing approximately 10% of its public float, indicating a strategic move to enhance shareholder value [1][3][4]. Group 1: Annual Disclosure Documents - Suncor Energy has filed its 2024 Annual Report, Annual Information Form, and Management Proxy Circular [1]. - The annual disclosure documents can be accessed on Suncor's profile on sedarplus.com, sec.gov, or the company's website [2]. Group 2: Normal Course Issuer Bid (NCIB) - The TSX has accepted Suncor's notice to renew its NCIB, allowing the company to purchase up to 123,800,000 common shares from March 3, 2025, to March 2, 2026 [3]. - As of February 18, 2025, Suncor had 1,238,456,851 common shares issued and outstanding, with the NCIB representing about 10% of the public float [3][4]. - Under the previous NCIB, Suncor repurchased 61,065,792 shares for approximately $3.258 billion at a weighted average price of $53.35 per share [5]. Group 3: Share Repurchase Strategy - Suncor believes that repurchasing its own shares is an attractive investment opportunity and aligns with the best interests of the company and its shareholders [4][9]. - The company plans to limit daily purchases under the NCIB to no more than 25% of the average daily trading volume, which is approximately 2,017,894 common shares [6]. - An automatic share purchase plan is expected to be implemented in relation to the NCIB starting March 3, 2025 [6]. Group 4: Company Overview - Suncor Energy is Canada's leading integrated energy company, involved in oil sands development, offshore oil production, and petroleum refining, as well as retail and wholesale distribution networks [12]. - The company is also focused on transitioning to a lower-emissions future through investments in lower emissions intensity power and renewable feedstock fuels [12].

Group 1 - The Cash Flow Kingdom Income Portfolio aims to achieve an overall yield in the range of 7% - 10% by combining various income streams for a steady payout [1] - Suncor Energy Inc. is highlighted as a high-quality oil sands company that has recently demonstrated strong results and plans to increase shareholder returns as it has reduced its net debt [1] - The portfolio includes features such as access to a leader's personal income portfolio targeting a yield of over 6%, community chat, and coverage of various sectors including energy midstream and commercial mREITs [1] Group 2 - Jonathan Weber, an analyst with an engineering background, has been active in the stock market and focuses primarily on value and income stocks while occasionally covering growth stocks [2]