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]

Core Insights - Suncor Energy reported strong first quarter financial and operational performance, maintaining momentum from 2024, with a focus on safe, reliable, and cost-effective operations [3][5] - The company achieved record upstream production and refining throughput, demonstrating effective asset utilization [5][11] Financial Highlights - Net earnings for Q1 2025 were Cdn$1.689 billion, or Cdn$1.36 per common share, compared to Cdn$1.610 billion, or Cdn$1.25 per common share in Q1 2024 [4][8] - Adjusted operating earnings were Cdn$1.629 billion, or Cdn$1.31 per common share, down from Cdn$1.817 billion, or Cdn$1.41 per common share in the prior year [8][10] - Adjusted funds from operations totaled Cdn$3.045 billion, or Cdn$2.46 per common share, compared to Cdn$3.169 billion, or Cdn$2.46 per common share in Q1 2024 [8][10] - Free funds flow was Cdn$1.9 billion, reflecting strong cash generation capabilities [5][18] Operational Highlights - Total upstream production reached 853,200 barrels per day (bbls/d), with Oil Sands bitumen production at 937,300 bbls/d, marking the highest first quarter in company history [5][11] - Refinery utilization was at 104%, with refining throughput of 482,700 bbls/d, also a record for the first quarter [5][11] - Refined product sales reached 604,900 bbls/d, the highest for a first quarter [5][11] Shareholder Returns - The company returned Cdn$1.5 billion to shareholders, including Cdn$750 million in share repurchases and Cdn$705 million in dividends [5][10] - Dividend per common share remained stable at Cdn$0.57 [4][10] Corporate Updates - Production at White Rose resumed in Q1 2025, with expectations to return to normal levels in Q2 2025 [12] - There were no changes to the 2025 corporate guidance previously issued [13]

Core Points - Suncor Energy held its Annual General Meeting in Calgary, with approximately 70.29% of outstanding common shares represented [1] - The company is Canada's leading integrated energy company, involved in oil sands development, offshore oil production, petroleum refining, and renewable energy investments [3] Shareholder Votes - Eleven board members were elected, with voting percentages for individual directors ranging from 94.68% to 99.19% [5] - KPMG LLP was appointed as Suncor's auditors [5] - Management's approach to executive compensation was approved with 97.06% of shares voting in favor [5] - A resolution to commission a report on the impacts and costs of achieving Net Zero by 2050 was denied, with 98.50% voting against it [5]

In its upcoming report, Suncor Energy (SU) is predicted by Wall Street analysts to post quarterly earnings of $0.86 per share, reflecting a decline of 18.1% compared to the same period last year. Revenues are forecasted to be $8.34 billion, representing a year-over-year decrease of 10.2%.Over the last 30 days, there has been a downward revision of 4.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initia ...

Core Viewpoint - Suncor Energy Inc. is expected to report first-quarter 2025 earnings on May 6, with earnings estimated at 86 cents per share and revenues at $8.34 billion, reflecting a year-over-year decrease in both metrics [1][3]. Group 1: Previous Quarter Performance - In the last reported quarter, Suncor's earnings per share were 89 cents, surpassing the Zacks Consensus Estimate of 82 cents, driven by strong production growth in the upstream segment [2]. - The company's operating revenues for the previous quarter were $8.9 billion, exceeding the Zacks Consensus Estimate by 4.3% [2]. - Suncor has consistently beaten earnings estimates in the past four quarters, with an average surprise of 17.58% [3]. Group 2: Operational Insights - Suncor operates in three main segments: Oil Sands, Exploration and Production, and Refining and Marketing, generating revenue through crude oil extraction, offshore production, and refining operations [4]. - The company is projected to process 462 million barrels of crude oil per day in its refineries, an increase of 6.7 mbbls/d from Q1 2024, while oil sands production is expected to reach 792 mbbls/d, up 7 mbbls/d from the same period [5]. Group 3: Market Challenges - Despite operational strengths, profitability may be challenged by external market factors, including weaker oil prices and refining margins, which could limit revenue growth [6]. - Fluctuations in refining crack spreads and fuel demand may pressure downstream margins, impacting financial benefits from record throughput levels [7]. - Inflationary pressures are likely to increase operational expenses, affecting overall profitability in the upcoming quarter [7]. Group 4: Earnings Prediction - The Zacks model does not predict an earnings beat for Suncor this time, as the Earnings ESP is -5.60% and the company holds a Zacks Rank of 3 [8][9].

Suncor Energy to Release First Quarter 2025 Financial Results and Hold Annual General MeetingApril 22, 2025 5:00 PM EDT | Source: Suncor Energy Inc.Calgary, Alberta--(Newsfile Corp. - April 22, 2025) - Suncor Energy (TSX: SU) (NYSE: SU) will release its first quarter financial results on May 6, 2025 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the first quarter will be held on May 7, 2025 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief ...

Core Viewpoint - Suncor Energy Inc. (SU) is a major integrated energy company with a diversified business model, facing recent challenges in stock performance but showing potential for long-term growth in the energy sector [1][6]. Group 1: Company Overview - Suncor Energy operates through three main segments: Oil Sands, Exploration and Production, and Refining and Marketing [1][2]. - The company has a strong market position in Canada, the United States, and internationally, having been founded in 1917 and headquartered in Calgary, Canada [1]. Group 2: Recent Performance - In the last three months, SU's share price declined by 13.6%, which was less severe than the sub-industry's decrease of 17.6% [2]. - SU achieved record operational performance in 2024, with upstream output reaching 827,600 bbl/d and 98% refinery utilization [7]. - The company generated C$7.4 billion in free funds flow, flat year over year, demonstrating strong cost control and operational leverage [8]. Group 3: Strengths - SU holds significant proved and probable reserves in the oil sands, ensuring stable production for decades [9]. - The company exceeded all 2024 targets under its three-year plan, including breakeven cost reduction goals and production growth [10]. - Improvements in legacy assets like Syncrude and the Base Plant have enhanced operational stability and reduced per-barrel costs [8]. Group 4: Challenges - Suncor's fourth-quarter revenues dropped by 11.6% year over year due to weaker crude prices and refining margins [11]. - The company is heavily reliant on oil sands, which are subject to regulatory scrutiny and ESG concerns [13]. - Earnings remain sensitive to commodity price fluctuations, and prolonged low prices could weaken free cash flow [13][16]. Group 5: Investment Considerations - Given the mix of operational strengths and potential challenges, a hold strategy may be advisable for investors, waiting for a more opportune entry point before adding SU stock to their portfolios [16].

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]