Suncor Energy reports fourth quarter 2025 results

Core Insights - Suncor Energy achieved record financial results in the fourth quarter of 2025, contributing to a record-breaking year, and met its 2024 Investor Day targets a year early, indicating strong operational performance and safety results [3][6]. Financial Highlights - Generated $3.2 billion in adjusted funds from operations and $1.7 billion in free funds flow in Q4 2025 [5]. - Returned approximately $1.5 billion to shareholders, including $775 million in share repurchases and $719 million in dividends [5]. - Net earnings for Q4 2025 were $1.476 billion ($1.23 per common share), compared to $818 million ($0.65 per common share) in Q4 2024 [12]. - Adjusted operating earnings were $1.325 billion ($1.10 per common share) in Q4 2025, down from $1.566 billion ($1.25 per common share) in the prior year quarter [9][10]. Production and Operational Performance - Record quarterly upstream production reached 909,000 barrels per day (bbls/d), an increase of 34,000 bbls/d from the previous year [5][20]. - Refining throughput also set a record at 504,000 bbls/d, up 18,000 bbls/d from the prior year [5][20]. - Total Oil Sands bitumen production increased to 992,700 bbls/d in Q4 2025, compared to 951,500 bbls/d in Q4 2024, driven by strong mining performance [13]. Shareholder Returns and Corporate Strategy - Suncor plans to return 100% of excess funds to shareholders in 2026, projecting $3.3 billion in share repurchases for the year [20]. - The quarterly dividend was increased by approximately 5% to $0.60 per common share [20]. - The company has maintained its corporate guidance for 2026, with no changes announced [15]. Corporate Governance - Jennifer Kneale was appointed to Suncor's Board of Directors on February 3, 2026, bringing extensive experience from the financial services industry [19].