Recent Updates — SU
Suncor Energy will report its third-quarter 2026 financial results on November 3, 2026, before market close in Alberta (7:00 p.m. ET). A webcast with management to discuss the results and a subsequent question-and-answer session for analysts are scheduled for November 4, 2026, at 8:30 a.m. ABT. Suncor Energy is Canada’s leading integrated energy company operating across the full energy value chain, including oil sands mining, upgrading, offshore production, refining, and retail networks.
Suncor Energy has entered into a definitive agreement to sell its interests in the Terra Nova, White Rose, and West White Rose offshore assets to Ithaca Energy plc for $1.2 billion in upfront cash and up to $350 million in contingent payments based on future oil prices. The transaction, effective July 1, 2026, is expected to close in early 2027 subject to regulatory approvals and partner consents. Ithaca will assume operatorship of Terra Nova, along with investment commitments and approximately $1.9 billion in liabilities, including a $500 million regulatory well compliance program and $1.4 billion in abandonment costs. Concurrently, Suncor increased its monthly share repurchase authorization from $500 million to $750 million starting in October 2026. The company operates as an integrated energy firm with assets spanning oil sands, refining, offshore production, and retail networks across Canada.
Suncor Energy Inc. reported second quarter 2026 net earnings of $3.732 billion, or $3.17 per share, compared to $1.134 billion in the prior year period. Adjusted operating earnings rose to $3.804 billion ($3.23 per share) from $873 million, driven by higher upstream price realizations and improved downstream margins. The company returned $1.756 billion to shareholders through $1.050 billion in share repurchases and $706 million in dividends. Suncor announced it will increase monthly share repurchases to $500 million starting in August 2026, projecting total 2026 buybacks of $4.7 billion. Total upstream production averaged 760,900 bbls/d, with net synthetic crude oil production reaching 482,200 bbls/d. Refinery utilization hit a record 92% with throughput of 470,600 bbls/d. Suncor Energy Inc. is an integrated energy company operating in the oil sands, refining, and retail fuel sectors.
Suncor Energy reported second quarter 2026 net earnings of $3.732 billion ($3.17 per share), up from $1.134 billion in the prior year, driven by higher upstream price realizations and downstream margins. Adjusted funds from operations reached a record $5.329 billion ($4.52 per share), while free funds flow increased to $3.980 billion ($3.38 per share). The company returned nearly $1.8 billion to shareholders through over $1.0 billion in share repurchases and dividends exceeding $700 million. Suncor announced it will increase monthly share repurchases to $500 million starting in August 2026, up from $350 million, projecting total 2026 buybacks of $4.7 billion. Upstream production averaged 761,000 barrels per day, and refining throughput hit a quarterly record of 471,000 barrels per day. Suncor Energy is an integrated energy company operating in the oil sands, refining, and retail fuel sectors.
Suncor Energy’s Board of Directors approved a quarterly cash dividend of $0.60 per common share, denominated in Canadian dollars. The payment is scheduled for September 25, 2026, to shareholders of record as of the close of business on September 4, 2026. Suncor Energy operates as Canada’s leading integrated energy company, spanning oil sands mining and in situ operations, upgrading, offshore production, petroleum refining, marketing, trading, and retail networks.
Suncor Energy announced it will release its second quarter 2026 financial results on August 4, 2026, before 5:00 p.m. MT. A management review webcast and analyst Q&A session are scheduled for August 5, 2026, at 7:30 a.m. MT. The company operates in the integrated energy industry, managing oil sands mining, upgrading, refining, and retail networks.