Welcome to our dedicated page for Suncor Energy news (Ticker: SU), a resource for investors and traders seeking the latest updates and insights on Suncor Energy stock.
Suncor Energy Inc. (SU) is a leading Canadian integrated energy company focused on sustainable development of oil sands resources, petroleum refining, and retail operations through its Petro-Canada network. This page aggregates official announcements, financial reports, and operational updates to serve as a comprehensive resource for stakeholders.
Access real-time information on quarterly earnings, environmental initiatives, refinery optimization projects, and strategic partnerships. Investors will find timely updates on production metrics, dividend declarations, and leadership changes directly from corporate sources.
Key content categories include oil sands innovation developments, downstream operational updates, corporate sustainability reports, and market analysis relevant to SU's integrated business model. All materials are sourced from verified company communications to ensure accuracy.
Bookmark this page for streamlined access to Suncor Energy's latest developments across its upstream production, refining capabilities, and expanding retail footprint. Check regularly for updates that may impact long-term energy sector positioning.
Suncor Energy (TSX: SU) (NYSE: SU) has announced it will release its first quarter 2025 financial results on May 6, 2025, before 5:00 p.m. MT. A webcast review will follow on May 7, featuring President and CEO Rich Kruger and CFO Kris Smith, with Troy Little hosting an analyst Q&A session.
The company will also hold its Annual General Meeting online on May 6, 2025, at 10:30 a.m. MT. Shareholders will need internet access to participate, with detailed instructions available on Suncor's website. The event will be archived for 90 days.
Suncor operates as Canada's leading integrated energy company, with operations spanning oil sands development, offshore production, refining, and retail distribution through Petro-Canada™, including Canada's Electric Highway™ EV charging network.
Suncor Energy (TSX: SU) (NYSE: SU) has announced the renewal of its Normal Course Issuer Bid (NCIB) program, allowing the company to repurchase up to 123.8 million common shares (approximately 10% of public float) between March 3, 2025, and March 2, 2026.
Under the previous NCIB program, Suncor repurchased 61.07 million shares for approximately $3.26 billion at a weighted average price of $53.35 per share. Daily purchases on the TSX will be to 2.02 million shares, representing 25% of the average daily trading volume.
The company views share repurchases as an attractive investment opportunity based on trading prices and other factors, stating this capital allocation won't affect its long-term strategy. Suncor plans to implement an automatic share purchase plan starting March 3, 2025.
Suncor Energy (TSX: SU) (NYSE: SU) reported strong Q4 2024 results with several operational records. The company generated $3.5 billion in adjusted funds from operations and $1.9 billion in free funds flow. Notable achievements include record upstream production of 875,000 barrels per day, near-record refining throughput of 486,200 bbls/d, and record refined product sales of 613,300 bbls/d.
The company returned $1.7 billion to shareholders through $1 billion in share repurchases and $700 million in dividends. For the full year 2024, Suncor achieved $13.8 billion in adjusted funds from operations and returned $5.7 billion to shareholders. The company increased its quarterly dividend by 5% to $0.57 per share and reduced debt by $1.1 billion.
Q4 net earnings were $818 million ($0.65 per share), compared to $2.82 billion ($2.18 per share) in Q4 2023. The company has shifted to 100% return of excess funds to shareholders via share repurchases after achieving its $8 billion net debt target.
Suncor Energy (TSX: SU) (NYSE: SU) has announced its quarterly dividend payment of $0.57 per share on common shares. The dividend will be payable on March 25, 2025, to shareholders of record as of March 4, 2025.
As Canada's leading integrated energy company, Suncor operates across various sectors including oil sands development, offshore oil production, petroleum refining in Canada and the U.S., and the Petro-Canada retail network. The company is actively working on transitioning to a lower-emissions future through investments in renewable energy and emissions reduction projects while maintaining its core energy trading activities.
Suncor Energy (TSX: SU) (NYSE: SU) has announced it will release its fourth quarter 2024 financial results on February 5, 2025, before 5:00 p.m. MT. The company will host a webcast on February 6, 2025, at 7:30 a.m. MT to review the results.
The webcast will feature President and CEO Rich Kruger and CFO Kris Smith, with a Q&A session with analysts following management's remarks. Troy Little, Senior Vice President of External Affairs, will host the call.
Suncor, Canada's leading integrated energy company, operates in oil sands development, offshore oil production, petroleum refining, and retail distribution through Petro-Canada. The company is actively working on transitioning to lower emissions through investments in renewable projects while maintaining its core energy trading activities.
Suncor Energy (TSX: SU) (NYSE: SU) reported record operational results for Q4 and full-year 2024. The company achieved record quarterly upstream production of 874,000 bbls/d, up 66,000 bbls/d from Q4 2023, and record annual production of 827,000 bbls/d, exceeding guidance by 17,000 bbls/d.
Downstream operations also excelled with record quarterly refining throughput of 487,000 bbls/d and record annual throughput of 465,000 bbls/d, surpassing guidance by 20,000 bbls/d. Notable achievements include record annual upgrader utilization of 98% and refining utilization of 100%. The company reached its $8 billion net debt target nine months ahead of schedule from its May 2024 three-year plan.
Suncor Energy (TSX: SU) (NYSE: SU) has released its 2025 corporate guidance, projecting upstream production of 810,000 to 840,000 bbls/d and refining utilization of 93% to 97%. The guidance includes major investments in the Upgrader 1 coke drums replacement at Base Plant, Mildred Lake West Mine Extension, West White Rose projects, and Petro-Canada retail network improvements.
The company's 2025 capital program ranges from C$6.1-6.3 billion, with 45% allocated to economic investments. Key operational metrics include Oil Sands operations cash operating costs of C$26-29/bbl, Fort Hills costs of C$33-36/bbl, and Syncrude costs of C$34-37/bbl. The guidance assumes WTI crude price at US$75/bbl and an exchange rate of US$0.74/C$.
Suncor Energy (TSX: SU) (NYSE: SU) has issued an update regarding the impact of the Canadian Union of Postal Workers national strike on the distribution of their quarterly documents. In compliance with Alberta Securities Commission's Blanket Order 51-516, Suncor will resume mailing documents once postal service returns to normal. In the meantime, shareholders can access these documents digitally through suncor.com/FinancialReports, SEDAR+, or EDGAR. Shareholders who previously requested paper copies can arrange alternate delivery through Computershare.
Suncor Energy reported strong Q3 2024 results with $3.8 billion in adjusted funds from operations and $2.2 billion in free funds flow. The company achieved record-breaking performance with highest-ever refining throughput of 488,000 bbls/d and 105% utilization. Upstream production reached 829,000 bbls/d with 99% upgrader utilization. Suncor returned $1.5 billion to shareholders through $800 million in share repurchases and $700 million in dividends. The company hit its $8.0 billion net debt target and increased quarterly dividend by 5% to $0.57 per share.
Suncor Energy (TSX: SU) (NYSE: SU) has announced a quarterly dividend increase of approximately 5% to $0.57 per common share. The dividend will be paid on December 24, 2024 to shareholders of record as of December 3, 2024. CEO Rich Kruger attributed this increase to sustained operational improvements, enhanced free funds flow, and successful share buybacks. The company highlighted its commitment to increasing shareholder returns through this dividend boost, supported by improving operating performance and a stronger financial position.
