Core Insights - Schneider Electric and NVIDIA are collaborating to develop sustainable, AI-ready infrastructure to meet the growing demand for AI technologies in Europe [1][2][3] - The partnership aligns with the European Union's "AI Continent Action Plan" and the "InvestAI" initiative, which aims to mobilize €200 billion for AI investments [2][3] - New infrastructure solutions, including the EcoStruxure™ Pod and Rack Infrastructure, have been launched to facilitate rapid deployment of AI data centers [5][6] Group 1: Partnership and Strategic Goals - The collaboration aims to establish at least 13 AI factories and up to five AI gigafactories across Europe [3] - Both companies emphasize their commitment to driving advanced R&D and co-developing necessary infrastructure for AI factories globally [4] - The partnership is positioned as a response to the transformative impact of AI on various industries and society [4] Group 2: Product Development and Innovations - Schneider Electric has introduced a new suite of AI-ready data center solutions designed to accelerate global AI developments [5] - A new rack system inspired by the Open Compute Project (OCP) has been developed to support NVIDIA's GB200 NVL72 platform [6] - The companies have co-developed full electrical and liquid cooling-based reference designs, enhancing their product offerings for AI data centers [8]

Group 1 - Suncor Energy is compared to Petrobras, with a recommendation to buy based on investment principles such as geographical diversification and commodity exposure [1] - The core investment style emphasizes providing actionable and clear ideas from independent research [1] Group 2 - The service has helped members outperform the S&P 500 and avoid significant losses during market volatility in both equity and bond markets [2] - A trial membership is offered to assess the effectiveness of the proven investment method [2]

国务院印发的《2030年前碳达峰行动方案》明确，要加大中央对地方推进碳达峰的支持力度,选择 100个具有典型代表性的城市和园区开展碳达峰试点建设。目前，零碳园区的建设发展正在提速。 2024年中央经济工作会议首次提出"建立一批零碳园区"，2025年政府工作报告明确提出"建立一批零 碳园区、零碳工厂"。多部委密集出台政策，推动园区能源清洁化、产业绿色化、管理智慧化协同发 展。 全面提升零碳园区标准化水平、加快构建国际互认的评价体系，也成为目前行业内正在全力推进的重 要议题。此次《指南》的发布，是行业内各方携手合作、推进零碳园区标准化的重要标杆，未来还将 围绕不同领域和行业进行系列行动计划。活动现场，施耐德电气、上海交通大学环境社会治理研究 院、上海第一财经传媒有限公司携手共同启动了《零碳园区可持续影响力行业报告》（下称《报 告》）的编制工作，以及"零碳园区调研走访及高端沙龙"等系列行动计划。该行动计划将首先以"制 造业+泛建筑行业"案例调研为基础开展，旨在提供深入行业的实践经验参考。 在全球气候变化加剧与资源环境约束趋紧的背景下，构建零废零碳工业园区已成为实现"双碳"目标、 推动产业绿色低碳转型的关键路径。 5 ...

在科技加速迭代的背景下，制造业正迎来全新发展机遇，向高端化加速迈进的同时，绿色制造成为不可逆转的时 代趋势。近日，世界经济论坛公布了最新一批"灯塔工厂"名单，施耐德电气无锡工厂跻身全球仅25家的"可持续灯 塔工厂"。一财记者探访施耐德电气无锡工厂时发现，工厂严格禁塑，在工作和接待中不提供一次性塑料包装的瓶 装水，这是可持续发展的理念已经深入其日常运营的缩影。 "灯塔工厂"代表了当今世界数字化和绿色制造的最高水平，自2018年由世界经济论坛与麦肯锡公司评选至今，已 从全球遴选出189个领先的工厂和价值链，展示了如何利用人工智能、大数据等创新技术提升效率、增强竞争力， 并推动商业模式的大规模转型。目前，全球仅有25家工厂获得了"可持续灯塔工厂"殊荣，它们在技术领先的基础 上，也在碳减排和循环经济领域做出卓越贡献，为产业可持续发展树立了标杆。 施耐德电气无锡工厂是施耐德电气在中国重要的电子能力制造中心，专精于为能源管理和工业自动化业务生产关 键产品。此前，施耐德电气无锡工厂已成为施耐德电气的"零碳工厂"，工信部认证的国家级"智能制造标杆"和"绿 色工厂"。基于自身和赋能价值链低碳转型的卓越表现，施耐德电气无锡工厂于 ...

Core Insights - Schneider Electric is launching the One Digital Grid Platform, an integrated and AI-powered solution aimed at modernizing grid operations and enhancing flexibility, resilience, and simplicity in energy management [1][3][10] - The platform is designed to help utilities address challenges such as outdated grid systems, increasing electricity demand, and the integration of distributed energy resources (DERs) [2][3] Platform Features - The One Digital Grid Platform provides an interoperable solution that integrates mission-critical software, enabling real-time insights, predictive analytics, and automation to improve efficiency and resiliency [3][9] - It aims to reduce outages by up to 40%, decrease DER interconnection timelines, and cut application deployment time by 60% [3] Event Highlights - Schneider Electric is hosting the Digital Grid Innovation Days in Milan, bringing together leaders and experts to discuss advancements in energy, sustainability, and digital transformation [5][6] - The event features interactive demos, expert panels, and networking opportunities to explore the latest in grid innovation [7][8] Strategic Partnerships - Schneider Electric is collaborating with organizations like EPRI to enhance grid modernization efforts and address challenges such as data center grid-capacity constraints [11][12] - These partnerships focus on creating flexible data center architecture and demand response programs to facilitate faster interconnection to the grid [12][13] Comprehensive Approach - The One Digital Grid Platform employs a hybrid cloud architecture to support three core use cases: grid planning and asset management, grid operations and resiliency, and grid flexibility and customer engagement [7][14] - It aims to optimize infrastructure investments, improve disaster response, and empower utilities to integrate DERs while enhancing customer experiences [14]

Group 1 - The Cash Flow Kingdom Income Portfolio aims to achieve an overall yield in the range of 7% to 10% by combining various income streams for a steady payout [1] - Suncor Energy Inc. is highlighted as a high-quality oil company that has performed well in the recent quarter, providing substantial cash returns to shareholders through dividends and buybacks [1] - The portfolio's price may fluctuate, but the income stream remains consistent, indicating a focus on stability in income generation [1] Group 2 - The Cash Flow Club, which includes contributions from analysts like Jonathan Weber, focuses on company cash flows and access to capital, targeting a yield of over 6% [1][2] - Jonathan Weber has been active in the stock market and has shared research on value and income stocks since 2014, occasionally covering growth stocks [2]

Core Viewpoint - Suncor Energy Inc. reported strong first-quarter 2025 adjusted operating earnings of 91 cents per share, exceeding expectations due to robust upstream production growth, although overall earnings declined from the previous year due to weaker downstream performance [1][6]. Financial Performance - Operating revenues reached $8.7 billion, surpassing estimates by 3.9%, but decreased approximately 6.7% year over year due to lower upstream sales volumes [2][14]. - The company declared a quarterly dividend of 57 Canadian cents per share, consistent with the previous quarter, to be paid on June 25, 2025 [2]. - Total expenses decreased by 1.4% to C$10.2 billion, with operating, selling, and general expenses down to C$3.3 billion from C$3.4 billion in the prior year [14]. Production and Segment Performance - The upstream segment achieved record production of 853,000 barrels per day (bbls/d), a 2.14% increase year over year, and exceeded the consensus estimate [5][4]. - Oil sands bitumen production reached a record 937,300 bbls/d, driven by strong output at Firebag [5]. - The company's exploration and production (E&P) volume increased by 23.9% to 62,300 barrels of oil equivalent per day (boe/d), surpassing estimates [6]. Downstream Operations - Adjusted operating earnings for the downstream segment fell to C$667 million from C$1.118 billion in the same quarter last year, primarily due to lower benchmark crack spreads [11]. - Refining throughput was the highest for a first quarter at 482,700 bpd, exceeding the consensus estimate [12][13]. Cash Flow and Capital Expenditures - Cash flow from operating activities was C$2.2 billion, down from C$2.8 billion in the prior year [15]. - Capital expenditures for the first quarter amounted to C$1.1 billion, with total capital expenditures for 2025 expected to be between C$6.1 billion and C$6.3 billion [15][19]. Guidance for 2025 - Suncor Energy anticipates upstream production to range from 810,000 boe/d to 840,000 boe/d for 2025, with cash operating costs for Oil Sands operations expected between C$26 and C$29 per barrel [16][18]. - Refinery throughput is projected to be between 435,000 bpd and 450,000 bpd, with refined product sales expected in the range of 555,000 to 585,000 bpd [18].

[First Quarter Highlights](index=2&type=section&id=1.%20First%20Quarter%20Highlights) Suncor achieved record Q1 upstream production and refining throughput, returning **$1.5 billion** to shareholders despite slight declines in adjusted funds from operations [First Quarter Highlights](index=2&type=section&id=1.%20First%20Quarter%20Highlights) Suncor reported strong operational performance in Q1 2025, achieving record first quarter upstream production of **853,200 bbls/d** and record first quarter refining throughput of **482,700 bbls/d** Q1 2025 Financial Results vs. Q1 2024 | Financial Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Adjusted Funds from Operations | $3.045 billion | $3.169 billion | | Adjusted Operating Earnings | $1.629 billion | $1.817 billion | - Returned approximately **$1.5 billion** to shareholders, consisting of **$750 million** in share repurchases and **$705 million** in dividends[12](index=12&type=chunk) - Achieved record first quarter total upstream production of **853,200 bbls/d**, driven by a record first quarter at Firebag[12](index=12&type=chunk) - Oil Sands production reached **790,900 bbls/d** with an upgrader utilization of **102%**, the second highest in company history[12](index=12&type=chunk) - Set a first quarter record for refining throughput at **482,700 bbls/d** (**104% utilization**) and refined product sales at **604,900 bbls/d**[12](index=12&type=chunk) [Consolidated Financial and Operating Information](index=3&type=section&id=2.%20Consolidated%20Financial%20and%20Operating%20Information) This section provides a comprehensive overview of Suncor's Q1 2025 financial and operational performance, highlighting key metrics and trends [Financial and Operating Highlights](index=3&type=section&id=Financial%20Highlights) In Q1 2025, Suncor's net earnings increased to **$1.689 billion** from **$1.610 billion** in Q1 2024, while adjusted operating earnings and adjusted funds from operations decreased Consolidated Financial Highlights (Q1 2025 vs Q1 2024) | ($ millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net earnings | 1,689 | 1,610 | | Adjusted operating earnings | 1,629 | 1,817 | | Adjusted funds from operations | 3,045 | 3,169 | | Cash flow provided by operating activities | 2,156 | 2,787 | | Capital and exploration expenditures | 1,087 | 1,237 | | Free funds flow | 1,900 | 1,858 | Consolidated Operating Highlights (Q1 2025 vs Q1 2024) | (thousand barrels per day, unless otherwise noted) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total upstream production | 853.2 | 835.3 | | Refinery utilization (%) | 104 | 98 | | Refinery crude oil processed | 482.7 | 455.3 | | Refined product sales | 604.9 | 581.0 | [Financial Results Analysis](index=4&type=section&id=Financial%20Results) Adjusted operating earnings decreased to **$1.629 billion** in Q1 2025, mainly due to lower upstream sales volumes from inventory builds, despite strong production - Net earnings for Q1 2025 were **$1.689 billion**, up from **$1.610 billion** in Q1 2024, influenced by a **$14 million** unrealized foreign exchange gain on U.S. dollar debt[17](index=17&type=chunk) - The decrease in adjusted operating earnings was primarily driven by lower upstream sales volumes due to inventory build, partially offset by record first quarter refining throughput and higher refined product sales volumes[21](index=21&type=chunk) - Cash flow from operating activities was impacted by a larger use of cash in working capital (**$889 million**) in Q1 2025 compared to the prior year quarter (**$382 million**), mainly from a build-up of inventory[23](index=23&type=chunk) [Operating, Selling and General (OS&G) Expenses](index=5&type=section&id=Operating,%20Selling%20and%20General%20Expenses) Total OS&G expenses for Q1 2025 decreased to **$3.297 billion** from **$3.440 billion** in the prior year quarter, primarily due to lower upstream sales volumes OS&G Expenses (Q1 2025 vs Q1 2024) | ($ millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Operations, selling and corporate costs | 2,666 | 2,815 | | Commodities | 486 | 466 | | Share-based compensation | 145 | 159 | | **Total OS&G expenses** | **3,297** | **3,440** | - The decrease in OS&G was mainly due to lower upstream sales volumes and a related decrease in operating expenses from inventory build-up, partially offset by increased mining, maintenance, and commodity input volumes[25](index=25&type=chunk) [Business Environment](index=6&type=section&id=Business%20Environment) In Q1 2025, key benchmark crude prices like WTI and Dated Brent were lower than in Q1 2024, while heavy and synthetic crude differentials narrowed Key Benchmark Prices (Average for Q1) | Benchmark | Unit | 2025 | 2024 | | :--- | :--- | :--- | :--- | | WTI crude oil at Cushing | US$/bbl | 71.40 | 76.95 | | WCS-WTI heavy/light differential | US$/bbl | (12.65) | (19.35) | | SYN-WTI differential | US$/bbl | (2.35) | (7.40) | | New York Harbor 2-1-1 crack | US$/bbl | 21.05 | 27.05 | | Suncor custom 5-2-2-1 index | US$/bbl | 26.80 | 35.95 | | Exchange rate (average) | US$/Cdn$ | 0.70 | 0.74 | [Segment Results and Analysis](index=7&type=section&id=3.%20Segment%20Results%20and%20Analysis) This section analyzes the financial and operational performance of Suncor's Oil Sands, E&P, R&M, and Corporate segments [Oil Sands](index=7&type=section&id=Oil%20Sands) The Oil Sands segment reported a significant increase in adjusted operating earnings to **$1.620 billion** in Q1 2025, driven by narrower crude differentials and favorable foreign exchange rates Oil Sands Financial Highlights (Q1 2025 vs Q1 2024) | ($ millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Operating revenues | 7,141 | 6,922 | | Adjusted operating earnings | 1,620 | 1,365 | | Adjusted funds from operations | 2,810 | 2,443 | - The increase in adjusted operating earnings was primarily due to narrower heavy crude oil and SYN-WTI differentials and favorable foreign exchange rates[31](index=31&type=chunk) Oil Sands Production and Sales (thousand barrels per day) | Volume Type | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total Oil Sands bitumen production | 937.3 | 932.1 | | Total Oil Sands production volumes (to market) | 790.9 | 785.0 | | Total Sales Volumes | 773.4 | 784.1 | Oil Sands Cash Operating Costs ($/bbl) | Asset | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Oil Sands operations | 27.80 | 26.85 | | Fort Hills | 33.85 | 32.85 | | Syncrude | 36.10 | 35.70 | [Exploration and Production (E&P)](index=11&type=section&id=Exploration%20and%20Production) The E&P segment's adjusted operating earnings decreased significantly to **$158 million** in Q1 2025, primarily due to lower sales volumes, increased exploration expenses, and lower realized crude prices E&P Financial Highlights (Q1 2025 vs Q1 2024) | ($ millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Adjusted operating earnings | 158 | 274 | | Adjusted funds from operations | 330 | 467 | - The decrease in earnings was mainly due to lower sales volumes, increased exploration expense, and lower realized crude prices[53](index=53&type=chunk) E&P Production and Sales (thousand barrels per day) | Volume Type | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total production | 62.3 | 50.3 | | Total sales volumes | 55.0 | 63.3 | - Production increased primarily due to higher output at Terra Nova and Hebron[54](index=54&type=chunk) [Refining and Marketing (R&M)](index=12&type=section&id=Refining%20and%20Marketing) The R&M segment's adjusted operating earnings fell to **$667 million** in Q1 2025, primarily driven by lower benchmark crack spreads and an unfavorable FIFO inventory valuation impact R&M Financial Highlights (Q1 2025 vs Q1 2024) | ($ millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Adjusted operating earnings | 667 | 1,118 | | Adjusted funds from operations | 902 | 1,306 | - The earnings decrease was mainly due to lower benchmark crack spreads, narrower crude differentials, and a FIFO inventory valuation loss of **$60 million** compared to a **$40 million** gain in the prior year quarter[63](index=63&type=chunk)[69](index=69&type=chunk) R&M Operational Highlights | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Crude oil processed (thousand barrels per day) | 482.7 | 455.3 | | Refinery utilization (%) | 104 | 98 | | Refined product sales (thousand barrels per day) | 604.9 | 581.0 | | Refining operating expense ($/bbl) | 6.75 | 7.15 | [Corporate and Eliminations](index=14&type=section&id=Corporate%20and%20Eliminations) The Corporate segment's adjusted operating loss increased to **$301 million** in Q1 2025, while the Eliminations segment realized **$72 million** of intersegment profit Corporate and Eliminations Financials (Q1 2025 vs Q1 2024) | ($ millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Adjusted operating loss | (229) | (319) | | Adjusted funds used in operations | (349) | (398) | - The Corporate segment's adjusted operating loss increased from **$196 million** to **$301 million**, mainly due to an operational foreign exchange loss[73](index=73&type=chunk) - The company realized **$72 million** of intersegment profit in Q1 2025, compared to an elimination of **$123 million** in Q1 2024, due to lower crude costs and inventory volumes[74](index=74&type=chunk) [Income Tax](index=15&type=section&id=4.%20Income%20Tax) Q1 2025 income tax expense decreased to **$601 million**, with the effective tax rate falling to **26.2%** [Income Tax](index=15&type=section&id=4.%20Income%20Tax) Income tax expense for Q1 2025 was **$601 million**, a slight decrease from **$610 million** in the prior year quarter, reflecting lower taxable earnings Income Tax Expense (Q1 2025 vs Q1 2024) | ($ millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Current income tax expense | 648 | 649 | | Deferred income tax recovery | (47) | (39) | | **Income tax expense included in net earnings** | **601** | **610** | - The effective tax rate decreased to **26.2%** in Q1 2025 from **27.5%** in Q1 2024, mainly due to non-taxable foreign exchange gains on the revaluation of U.S. dollar debt[78](index=78&type=chunk) [Capital Investment Update](index=16&type=section&id=5.%20Capital%20Investment%20Update) Q1 2025 capital expenditures decreased to **$1.087 billion**, focusing on economic projects and asset sustainment [Capital Investment Update](index=16&type=section&id=5.%20Capital%20Investment%20Update) Suncor's capital expenditures in Q1 2025 totaled **$1.087 billion**, a decrease from **$1.237 billion** in the prior year quarter, with investments focused on economic projects and asset sustainment Capital Expenditures by Type (Q1 2025 vs Q1 2024) | ($ millions) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Asset Sustainment and Maintenance | 498 | 574 | | Economic Investment | 589 | 663 | | **Total** | **1,087** | **1,237** | - Key economic investments included the Upgrader 1 coke drum replacement, autonomous haul systems at Oil Sands Base, and the West White Rose Project[81](index=81&type=chunk) - Asset sustainment expenditures were primarily for preparation for planned turnarounds and maintenance projects within the Oil Sands and R&M segments[81](index=81&type=chunk) [Financial Condition and Liquidity](index=17&type=section&id=6.%20Financial%20Condition%20and%20Liquidity) Suncor maintains strong liquidity with **$2.773 billion** cash and **$5.470 billion** credit facilities, supporting its capital program [Capital Resources and Liquidity](index=17&type=section&id=Capital%20Resources%20and%20Liquidity) Suncor maintains a strong liquidity position with **$2.773 billion** in cash and cash equivalents and **$5.470 billion** in available credit facilities as of March 31, 2025 Key Financial Indicators (Twelve months ended March 31) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Return on capital employed (ROCE) (%) | 12.8 | 15.7 | | Net debt to adjusted funds from operations (times) | 0.6 | 0.7 | | Total debt to total debt plus shareholders' equity (%) | 18.7 | 21.3 | - As of March 31, 2025, cash and cash equivalents stood at **$2.773 billion**, down from **$3.484 billion** at year-end 2024[88](index=88&type=chunk) - Available credit facilities for liquidity purposes were **$5.470 billion** at the end of the quarter[89](index=89&type=chunk) [Debt Management](index=17&type=section&id=Debt%20Management) Suncor's total debt remained stable at **$10.332 billion** at the end of Q1 2025, though net debt increased to **$7.559 billion** primarily due to decreased cash reserves Change in Debt (Q1 2025) | ($ millions) | Amount | | :--- | :--- | | Total debt – beginning of period | 10,345 | | Total debt – March 31, 2025 | 10,332 | | Less: Cash and cash equivalents | 2,773 | | **Net debt – March 31, 2025** | **7,559** | - The increase in net debt was primarily due to a decrease in cash and cash equivalents[95](index=95&type=chunk) - The company is in compliance with its financial covenant, with total debt and lease liabilities at **24.8%** of total capitalization, well below the **65%** limit[91](index=91&type=chunk) [Shareholder Returns](index=18&type=section&id=Shareholder%20Returns) In Q1 2025, Suncor repurchased **13.6 million** common shares for **$750 million**, and initiated a new Normal Course Issuer Bid (NCIB) Share Repurchase Activity (Q1 2025 vs Q1 2024) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Shares repurchased (thousands) | 13,600 | 6,438 | | Weighted average price ($/share) | 55.15 | 45.53 | | Share repurchase cost ($ millions) | 750 | 293 | - A new NCIB was launched on March 3, 2025, authorizing the repurchase of up to **123.8 million** shares[98](index=98&type=chunk) [Quarterly Financial Data](index=20&type=section&id=7.%20Quarterly%20Financial%20Data) This section summarizes Suncor's key financial and operational metrics, along with business environment indicators, over the past eight quarters [Quarterly Financial and Business Environment Summary](index=20&type=section&id=Quarterly%20Financial%20and%20Business%20Environment%20Summary) This section provides a summary of Suncor's key financial and operational metrics over the past eight quarters, from Q2 2023 to Q1 2025 Quarterly Financial Summary (Selected Data) | Three months ended | Mar 31 2025 | Dec 31 2024 | Sep 30 2024 | Mar 31 2024 | | :--- | :--- | :--- | :--- | :--- | | Total upstream production (thousand barrels per day) | 853.2 | 875.0 | 828.6 | 835.3 | | Net earnings ($ millions) | 1,689 | 818 | 2,020 | 1,610 | | Adjusted operating earnings ($ millions) | 1,629 | 1,566 | 1,875 | 1,817 | | Adjusted funds from operations ($ millions) | 3,045 | 3,493 | 3,787 | 3,169 | | Net debt ($ millions) | 7,559 | 6,861 | 7,968 | 9,552 | Quarterly Business Environment (Selected Data) | (average for the three months ended) | Mar 31 2025 | Dec 31 2024 | Sep 30 2024 | Mar 31 2024 | | :--- | :--- | :--- | :--- | :--- | | WTI crude oil at Cushing (US$/bbl) | 71.40 | 70.30 | 75.15 | 76.95 | | WCS-WTI heavy/light differential (US$/bbl) | (12.65) | (12.55) | (13.50) | (19.35) | | Suncor custom 5-2-2-1 index (US$/bbl) | 26.80 | 24.25 | 26.05 | 35.95 | [Other Items](index=22&type=section&id=8.%20Other%20Items) This section confirms no material changes to accounting policies or internal controls, and no updates to 2025 corporate guidance [Accounting, Controls, and Guidance](index=22&type=section&id=Accounting,%20Controls,%20and%20Guidance) This section confirms that there are no material changes to accounting policies or critical estimates, and internal controls over financial reporting were effective as of March 31, 2025 - Suncor's critical accounting estimates are detailed in the 2024 annual MD&A and audited financial statements, with no updates noted for Q1 2025[110](index=110&type=chunk) - The CEO and CFO concluded that the company's disclosure controls and procedures are effective as of March 31, 2025, with no material changes to internal controls over financial reporting during the quarter[112](index=112&type=chunk) - There have been no changes to Suncor's previously announced 2025 corporate guidance ranges[115](index=115&type=chunk) [Non-GAAP and Other Financial Measures Advisory](index=23&type=section&id=9.%20Non-GAAP%20and%20Other%20Financial%20Measures%20Advisory) This section defines and reconciles non-GAAP financial measures used for performance, leverage, and liquidity analysis, noting their non-standardized nature [Non-GAAP Measures Overview](index=23&type=section&id=Non-GAAP%20Measures%20Overview) This section provides definitions and reconciliations for non-GAAP financial measures used throughout the report, which are not standardized under GAAP - Adjusted operating earnings is a non-GAAP measure that adjusts net earnings for significant items not indicative of operating performance to improve comparability between periods[117](index=117&type=chunk) - Adjusted funds from operations adjusts cash flow from operating activities for changes in non-cash working capital to analyze operating performance and liquidity[123](index=123&type=chunk) - Free funds flow is calculated by subtracting capital expenditures from adjusted funds from operations and is used to measure the capacity to increase shareholder returns and grow the business[126](index=126&type=chunk) - Net debt and total debt are non-GAAP measures used to analyze financial condition. The definitions were revised in Q2 2024 to exclude lease liabilities to better align with industry practice[134](index=134&type=chunk)[135](index=135&type=chunk) [Common Abbreviations](index=30&type=section&id=10.%20Common%20Abbreviations) This section provides a reference list of common abbreviations for measurements, places, currencies, and financial terms [Common Abbreviations](index=30&type=section&id=10.%20Common%20Abbreviations) This section provides a reference list of common abbreviations for measurements, places, currencies, and financial terms used within the Management's Discussion and Analysis Selected Abbreviations | Abbreviation | Meaning | | :--- | :--- | | bbls/d | barrels per day | | WTI | West Texas Intermediate | | WCS | Western Canadian Select | | SCO | Synthetic crude oil | | DD&A | Depreciation, depletion and amortization | [Advisories](index=31&type=section&id=11.%20Advisories) This advisory cautions on forward-looking statements, highlighting that actual results may differ due to various segment-specific and general business risks [Forward-Looking Statements](index=31&type=section&id=Forward-Looking%20Statements) This advisory section cautions readers that the report contains forward-looking statements based on current expectations and assumptions, highlighting that actual results may differ materially due to risks and uncertainties - Forward-looking statements include expectations regarding planned maintenance, production levels at White Rose, the 2025 capital spending program, and management of debt and liquidity[146](index=146&type=chunk) - Key risks for the Oil Sands segment include price volatility, operational reliability, pipeline constraints, and operating costs[144](index=144&type=chunk) - Key risks for the E&P segment include price volatility, operational risks like blow-outs, and political risks in foreign operations such as Libya[145](index=145&type=chunk)[147](index=147&type=chunk) - Key risks for the R&M segment include fluctuations in demand and supply for refined products, market competition, and operational reliability[148](index=148&type=chunk)

/ 2025 Q1 Summary dashboards EN.jpg 2025 Q1 Summary dashboards EN.jpg Rueil-Malmaison, France, May 07, 2025 (GLOBE NEWSWIRE) -- Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that its Schneider Sustainability Impact (SSI) program achieved a score of 7.95 out of 10 for the first quarter of 2025, toward a target of 8.80/10 by the end of the year. Recognized in January as the world’s most sustainable corporation by Corporate Knights, Schneid ...

Core Insights - Suncor Energy reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, but down from $1.05 per share a year ago, indicating a 13.3% year-over-year decline [1] - The company achieved revenues of $8.67 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.95%, but down from $9.29 billion year-over-year, reflecting a 6.7% decrease [2] - Suncor Energy has consistently outperformed consensus EPS estimates over the last four quarters, with an earnings surprise of 5.81% this quarter and 8.54% in the previous quarter [1][2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.64, with projected revenues of $7.83 billion, while the estimate for the current fiscal year is $3.40 on revenues of $33.34 billion [7] - The trend of estimate revisions for Suncor Energy is mixed, leading to a Zacks Rank of 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Oil and Gas - Integrated - Canadian industry, to which Suncor Energy belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]