Core Insights - Imperial Oil Limited (IMO) reported second-quarter 2025 adjusted earnings per share of $1.34, exceeding the Zacks Consensus Estimate of $1.22, but down from $1.54 in the same quarter last year due to lower upstream price realizations, partially offset by higher production volumes [1][11] - Revenues for the quarter were $8.1 billion, missing the Zacks Consensus Estimate of $10.5 billion and down from $9.8 billion year-over-year, primarily due to weak performance in the Chemical segment [2][11] - The company returned C$367 million to shareholders through dividend payments and announced a quarterly dividend of 72 Canadian cents per share [2][3] Financial Performance - Upstream revenues were C$3.8 billion, down from C$4.6 billion year-over-year and missing expectations of C$4.8 billion, with net income of C$664 million compared to C$799 million in the prior year [4][11] - Average upstream production increased to 427,000 gross oil-equivalent barrels per day (boe/d) from 404,000 boe/d year-over-year, surpassing expectations of 416,000 boe/d [5][11] - Total gross bitumen production at Kearl averaged 275,000 barrels per day, up from 255,000 barrels per day in the second quarter of 2024, attributed to improved mine productivity [6][11] Segment Performance - Cold Lake's gross bitumen production averaged 145,000 barrels per day, a slight decrease from 147,000 barrels per day in the prior year, due to production timing and turnaround impacts [7] - The Leming SAGD project is on track, with steam injection started and first oil expected in late 2025, ramping up to a peak of around 9,000 barrels per day [8] - Chemical segment revenues were C$356 million, down from C$418 million year-over-year, with net income of C$21 million compared to C$65 million in the prior year [13] Cost and Capital Expenditures - Total expenses decreased to C$10 billion from C$11.9 billion year-over-year, also below expectations of C$13.2 billion [14] - Capital and exploration expenditures totaled C$473 million, slightly up from C$462 million in the previous year [14] Cash Flow and Debt - Cash flow from operating activities was C$1.5 billion, down from C$1.6 billion year-over-year, with cash and cash equivalents of C$2.4 billion as of June 30 [15] - Total debt amounted to C$4 billion, with a debt-to-capitalization ratio of 13.8% [15]

Key Takeaways Suncor Energy Inc. (SU) is set to report second-quarter 2025 earnings on Aug. 5, after the closing bell. The Zacks Consensus Estimate for earnings is pegged at 50 cents per share and the same for revenues is pinned at $7.6 billion. Let us delve into the factors that might have influenced SU's performance in the to-be-reported quarter. Before that, it is worth taking a look at the company's performance in the last reported quarter. Highlights of SU's Q1 Earnings & Surprise History In the previo ...