Suncor Energy Inc. (SU) reported third-quarter 2024 adjusted earnings of $1.08 per share, which beat the Zacks Consensus Estimate of 88 cents. This outperformance can be attributed to higher production from its oil sands, strong refining performance and efficient cost management. However, the bottom line declined from the year-ago quarter’s reported figure of $1.13, due to lower realized crude oil prices and refined product realizations.Operating revenues of $9.6 billion beat the Zacks Consensus Estimate by ...

Article Summary - The article promotes a subscription service offering in-depth research on REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives, with 438 testimonials mostly rated 5 stars and a free 2-week trial available [1] Industry Focus - The Wall Street Journal highlighted the growing significance of Canada's oil sands, a topic previously discussed by the author, indicating a shift in focus from shale to oil sands [1] Author's Position - The author holds a beneficial long position in CNQ through stock ownership, options, or other derivatives, and the article reflects their personal opinions without external compensation or business relationships with mentioned companies [1]

TABLE OF CONTENTS • • • • • • • Report to Shareholders for the Third Quarter of 2024 Exhibit 99.2 (1) (1) (2) (1) All financial figures are unaudited and presented in Canadian dollars unless noted otherwise. Production volumes are presented on a working-interest basis, before royalties, except for production volumes from Suncor Energy Inc.'s (Suncor or the company) Libya operations, which are presented on an economic basis. Certain financial measures in this document are not prescribed by Canadian generally ...

Suncor Energy (SU) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.73%. A quarter ago, it was expected that this energy company would post earnings of $0.76 per share when it actually produced earnings of $0.93, delivering a surprise of 22.37%.Over the last four quarters, the compa ...

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are ...

All financial figures are in Canadian dollars.Calgary, Alberta--(Newsfile Corp. - November 12, 2024) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.57 per common share, representing an approximate increase of 5% over the prior quarterly dividend. "Sustained operational improvements across our asset base, the continued realization of free funds flow improvements as well as meaningful share buybacks have driven stronger free funds flow per share," said Rich ...

Suncor Energy (SU) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 12, 2024, might help the stock move higher if these key numbers are better tha ...

Elliott Investment Management has almost doubled its stake in Canada's premier integrated energy company, Suncor Energy Inc. (SU) , validating its confidence in the company’s strategic transformation.Overview of Elliot’s Investment in SUAlmost two years after instigating changes in Suncor’s management, board and strategic policies, Elliott Investment Management is now confident that the ongoing improvements in the company are capable of yielding higher returns. Therefore, it has almost doubled its stake in ...

Calgary, Alberta--(Newsfile Corp. - October 22, 2024) - Suncor Energy (TSX: SU) (NYSE: SU) will release its third quarter financial results on November 12, 2024 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the third quarter will be held on November 13, 2024 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. T ...

Tender Offer Details - Suncor Energy Inc announced the early tender results for its tender offers to purchase certain outstanding series of notes for cash [1] - The company increased the Pool 1 Maximum Amount from C$700,000,000 to C$1,000,000,000 and maintained the Pool 2 Maximum Amount at C$100,000,000 [2] - The tender offers initially included up to C$700,000,000 for Pool 1 Notes and up to C$100,000,000 for Pool 2 Notes, subject to prioritized acceptance levels [3] - The terms of the tender offers were amended to reflect the increased Pool 1 Maximum Amount, while all other terms remained unchanged [4] Early Tender Results - As of the Early Tender Date, the aggregate principal amount of each series of notes had been validly tendered and not withdrawn [5] - For the 6.50% Notes due 2038, US$478,505,000 was tendered out of US$954,042,000 outstanding [6] - For the 6.80% Notes due 2038, US$569,818,000 was tendered out of US$881,081,000 outstanding [7] - For the 3.10% Series 6 Medium Term Notes due 2029, C$13,355,000 was tendered out of C$78,743,000 outstanding [7] - For the 3.00% Series 5 Medium Term Notes due 2026, C$19,568,000 was tendered out of C$115,182,000 outstanding [7] Settlement and Funding - Suncor expects to make payment on October 7, 2024, for notes validly tendered and accepted for purchase [8] - The company intends to fund the purchase of the notes with cash on hand [8] Acceptance and Proration - Due to the aggregate principal amount of Pool 1 Notes exceeding the Pool 1 Maximum Amount, Suncor does not expect to accept all tendered Pool 1 Notes [9] - The company expects to accept all 6.50% Notes due 2038 and prorate the 6.80% Notes due 2038 [9] - Similarly, for Pool 2 Notes, Suncor does not expect to accept all tendered notes and will prorate the 5.95% Notes due 2035 [10] Total Consideration - The U.S. Total Consideration and Canadian Total Consideration will be determined based on fixed spreads and yields of reference securities [11] - Holders who validly tendered notes prior to the Early Tender Date are eligible to receive the Total Consideration, including accrued interest [11] Industry Context - Suncor Energy is Canada's leading integrated energy company, involved in oil sands development, offshore oil production, petroleum refining, and retail distribution [20] - The company is advancing the transition to a lower-emissions future through investments in lower emissions intensity power and renewable feedstock fuels [20]