Suncor Energy (SU) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a cha ...

Suncor Energy Inc. (SU) recently released its 2025 corporate guidance showing consistency in its upstream growth plan. The company targets an upstream production range of 810,000 to 840,000 barrels per day (bbls/d) annually, a 4% rise approximately as compared to projected output for 2024. The growth in production reflects its sustainability of higher performance, and planned turnaround and maintenance activities during the year, including a 91-day outage at Base Plant Upgrader 1 for coke drum replacement.T ...

All financial figures are in Canadian dollars, unless noted otherwiseCalgary, Alberta--(Newsfile Corp. - December 12, 2024) - Suncor Energy (TSX: SU) (NYSE: SU) Growth in upstream consistent with plan to add over 100,000 bbls/d between 2023 and 2026Increased refinery utilization reflecting stronger asset performance and market positionLower oil sands costs driven by productivity improvementsDisciplined capital program with select high quality strategic investmentsFinancial performance aligned with May 2024 ...

Suncor Energy Inc. (SU) recorded the highest crude output in October from its wells in Alberta on gains at the Firebag oil sands site. Owing to the record high production, the site has also been termed as “Rock Star” by the chief executive of the company.SU Hits Production MilestoneWith data available from 2018, SU’s wells in the area recorded the highest output of 284,000 barrels per day in October. The number also indicates a 14% rise in output compared with September levels. The record growth in producti ...

Calgary, Alberta--(Newsfile Corp. - November 22, 2024) - Suncor Energy (TSX: SU) (NYSE: SU) today provides an update on the impact of the national strike of Canadian Union of Postal Workers on the mailing of the company's quarterly documents. This update is required pursuant to the Alberta Securities Commission's Blanket Order 51-516 and, as per the order, Suncor will mail the documents upon the resumption of regular postal service. Copies of these documents are available digitally at suncor.com/FinancialR ...

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]

Financial Data and Key Metrics Changes - The third quarter of 2024 saw adjusted funds from operations of $3.8 billion, or $2.98 per share, and adjusted operating earnings of $1.9 billion, or $1.48 per share [37] - Year-to-date total operating, selling, and general expenses (OS&G) were $9.65 billion, down $340 million compared to the same period in 2023, despite higher production volumes [13][15] - The company achieved a net debt target of $8 billion ahead of schedule, allowing for a 100% return of excess funds to shareholders starting in Q4 [25][26] Business Line Data and Key Metrics Changes - Upstream production reached 829,000 barrels per day, up 138,000 barrels per day or 20% from Q3 2023, marking the best third quarter in company history [11] - Refining throughput was 488,000 barrels per day, an increase of 25,000 barrels per day or 5% compared to Q3 2023, achieving 105% overall refining utilization [9][35] - Refined product sales hit 612,000 barrels per day, the highest quarterly sales in company history [10] Market Data and Key Metrics Changes - WTI crude oil prices averaged $75 per barrel during the quarter, with a light-heavy differential steady at $14 per barrel [32] - The 5-2-2-1 refining index remained strong at $26.05 per barrel, reflecting a decrease of $0.65 per barrel from Q2 [33] Company Strategy and Development Direction - The company is focused on asset utilization and operational efficiency, with a clear strategy to achieve full utilization of installed capacity and low-cost debottlenecking [9][23] - Suncor is investing in new technologies and equipment, such as autonomous trucks, to reduce operating costs by over $300 million annually [17] - The integration of Fort Hills and Firebag operations is a key competitive differentiator, enhancing production flexibility and financial value [20][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining operational performance above guidance levels for upstream production and refining throughput [40] - The company is optimistic about capturing incremental free cash flow opportunities and maintaining cost discipline moving into 2025 [86][88] - Management emphasized the importance of safety and integrity in all operations, ensuring that cost efficiency does not compromise these values [58] Other Important Information - The company completed a bond repurchase tender, retiring $1.1 billion in principal, resulting in annual interest savings of $70 million [29] - The operational excellence management system is driving improvements in maintenance and turnaround processes, enhancing overall efficiency [65] Q&A Session Summary Question: Opportunities for 2025 and beyond - Management highlighted the focus on asset utilization and integration as key areas for future value creation, with ongoing identification of opportunities across the business [45][46] Question: Update on the Cogeneration facility - The Cogeneration project is expected to enhance steam reliability, reduce carbon intensity, and allow for additional electricity export to the Alberta grid [49][50] Question: Operating performance comparison to history - Management indicated that the current performance is a result of re-rating assets and improving operational integration, rather than just underutilization [53][54] Question: Structural changes in working capital - Management confirmed that the improvements in working capital are structural, driven by focused efforts on controllable factors [70][72] Question: Fort Hills asset performance - The transition from the south pit to the north pit is expected to enhance production capabilities, with the team consistently meeting budget and production milestones [78][80]

SUNCOR ENERGY SUNCOR ENERGY Investor Information Q3 2024 Published November 12, 2024 Suncor's value proposition Long-life, competitively advantaged assets Regional and vertical integration Operational reliability Disciplined investment & cost management Deliver superior long-term shareholder value SUNCOR ENERGY 2 Suncor key statistics Market capitalization Q3 2024 $63B Net debt to AFFO Q3 2024 TTM 0.6x Oil sands reserve life index 2023 26 yrs Upgrading capacity 556 kbpd Refining capacity 466 kbpd Production ...

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 ...