Suncor Energy Inc.
- Open
- 66.95
- Day high
- 67.74
- Day low
- 65.81
- Prev close
- 65.43
- Volume
- 2.5M
- Mkt cap
- $78.2B
- P/E (TTM)
- 12.4
- EPS (TTM)
- $5.40
- P/B
- 2.3
- P/S
- 1.8
- Yield
- 1.30%
- Per share
- $0.87
Suncor Energy Inc. (SU) is a Energy company listed on NYSE. The stock is up 60% over the past year. Drillr has 1 published research article covering SU.
Suncor Energy Inc. (SU) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SU earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $2.14 | $2.27 | +6.1% | $12.3B | +5.7% |
| May 6, 2026 | $1.45 | $1.41 | -2.8% | $10.4B | +12.9% |
| Feb 3, 2026 | $0.77 | $0.79 | +2.6% | $8.8B | -2.3% |
| Nov 4, 2025 | $0.85 | $1.07 | +25.9% | $9.0B | +2.5% |
| Feb 5, 2025 | $0.82 | $0.89 | +8.5% | $8.7B | -1.8% |
| Feb 21, 2024 | $0.79 | $0.93 | +17.7% | $9.6B | +27.9% |
| Aug 14, 2023 | $0.59 | $0.71 | +20.3% | $8.8B | +38.9% |
| Feb 14, 2023 | $1.26 | $1.33 | +5.6% | $10.4B | +6.9% |
| Nov 2, 2022 | $1.40 | $1.44 | +2.9% | $10.9B | +15.6% |
| Aug 4, 2022 | $2.51 | $2.71 | +8.0% | $12.5B | +21.0% |
| Feb 2, 2022 | $0.94 | $0.89 | -5.3% | $8.7B | +2.1% |
| Oct 27, 2021 | $0.58 | $0.56 | -3.4% | $8.0B | +7.8% |
Suncor Energy Inc. company profile
Overview
Suncor Energy Inc. (TSX:SU) is a Canadian integrated energy company founded in 1917 and headquartered in Calgary, Alberta. Originally established as a conventional oil company, Suncor has evolved into one of Canada's largest energy companies, primarily focused on developing and producing oil from Canada's Athabasca oil sands. The company operates as a fully integrated energy enterprise, extracting crude oil from oil sands, refining it into petroleum products, and marketing these products through its retail network. Suncor has grown through strategic acquisitions and technological innovations to become a major player in North America's energy sector, with operations spanning upstream production, downstream refining, and retail marketing.
Business
Suncor operates as an integrated oil and gas company with four primary business segments that work together to extract, process, and sell petroleum products. **Oil Sands Operations** represent the company's core business, accounting for approximately 85-90% of total production. This segment extracts bitumen - a thick, tar-like form of crude oil - from the Athabasca oil sands in northern Alberta through two methods. Mining operations use massive trucks and shovels to extract oil sands from open-pit mines, while in-situ operations use steam injection to heat underground bitumen deposits, making them fluid enough to pump to the surface. The extracted bitumen is then processed in upgraders - specialized refineries that convert the heavy bitumen into synthetic crude oil that can be transported through pipelines or refined into gasoline and diesel. **Exploration and Production** encompasses the company's conventional oil and gas operations, including offshore drilling off Canada's east coast and in the North Sea, as well as onshore assets in Libya and Syria. This segment contributes roughly 5-10% of total production and represents Suncor's traditional oil business. **Refining and Marketing** operates refineries that process crude oil into gasoline, diesel, jet fuel, and other petroleum products. The company owns refineries in Canada with a combined capacity of approximately 500,000 barrels per day. These facilities supply Suncor's retail network of over 1,500 Petro-Canada branded gas stations across Canada, as well as wholesale customers including airlines, trucking companies, and industrial users. **Corporate and Eliminations** includes four wind farms in Ontario and Western Canada, representing Suncor's renewable energy investments, though these contribute minimally to overall revenue.
Revenue model
Suncor generates revenue through multiple integrated revenue streams that benefit from vertical integration across the oil and gas value chain. **Product Sales** constitute the primary revenue source, with the company selling crude oil, synthetic crude oil, refined petroleum products, and natural gas. Oil sands operations produce synthetic crude oil that commands premium pricing due to its high quality, while conventional operations produce traditional crude oil. The refining segment generates revenue by processing crude oil into higher-value products like gasoline and diesel, capturing the crack spread - the difference between crude oil costs and refined product prices. **Retail Marketing** through the Petro-Canada network provides direct-to-consumer sales of gasoline, diesel, and convenience store products. This segment benefits from higher margins compared to wholesale operations and provides stable cash flow through thousands of retail locations. **Trading and Marketing** activities generate additional revenue through crude oil, natural gas, and refined product trading operations that optimize the company's integrated supply chain. Several factors significantly impact Suncor's profitability margins. **Commodity price volatility** directly affects revenues, with higher oil prices improving margins while lower prices compress them. **Operating costs** including labor, energy, and maintenance expenses can fluctuate based on inflation, regulatory changes, and operational efficiency improvements. **Refining margins** depend on the spread between crude oil input costs and refined product output prices, which varies with supply-demand dynamics in different markets. **Transportation costs** for moving crude oil from remote oil sands locations to refineries and markets can impact overall profitability. **Regulatory compliance costs** related to environmental standards and carbon pricing add operational expenses. **Currency exchange rates** affect the company since oil is priced in US dollars while many costs are in Canadian dollars. **Seasonal demand patterns** influence refined product pricing, with gasoline demand typically higher in summer driving season and heating oil demand higher in winter months.
Competitive moat
Suncor's competitive moat stems from several structural advantages, though the strength varies across its business segments. **Resource Control** provides the strongest moat element, as Suncor owns vast oil sands reserves with decades of production life. Unlike conventional oil wells that deplete rapidly, oil sands operations can produce for 40-50 years once developed, providing long-term cash flow visibility. The company's integrated ownership of mining, upgrading, and refining assets creates operational synergies that competitors cannot easily replicate. **Operational Scale and Expertise** in oil sands extraction represents another competitive advantage. Suncor pioneered many oil sands technologies and has accumulated decades of operational knowledge in this complex extraction process. The company's scale allows it to invest in expensive autonomous mining equipment, advanced upgrading technology, and operational improvements that smaller competitors cannot afford. **Geographic Integration** provides cost advantages through proximity of operations. Suncor's oil sands facilities, upgraders, and refineries are strategically located to minimize transportation costs and maximize operational efficiency. However, Suncor faces significant competitive challenges. **High Capital Requirements** for oil sands development create barriers to entry but also limit the company's flexibility during commodity price downturns. **Environmental Concerns** surrounding oil sands production face increasing regulatory scrutiny and social pressure, potentially limiting future expansion opportunities. **Technology Disruption** from renewable energy and electric vehicles poses long-term demand risks for petroleum products. **Commodity Price Sensitivity** means the company remains vulnerable to oil price volatility beyond its control. **Regulatory Risks** including carbon pricing, environmental regulations, and indigenous rights issues can significantly impact operations and costs. The refining and retail segments face intense competition from integrated oil companies, independent refiners, and alternative fuel providers, limiting pricing power and margins in these businesses.
Risks & safety
**Overall Assessment**: Suncor maintains a moderate margin of safety with strong operational cash flows but faces commodity price volatility and capital intensity challenges. **Financial Strength**: - Cash and short-term investments: $2.4 billion (Q4 2024) - Net debt: $7.6 billion, down from previous target of $8 billion - Debt-to-equity ratio: 0.33 (manageable leverage) - Current ratio: 1.33 (adequate liquidity) - Strong free cash flow generation: $6.6 billion (FY 2024) **Valuation Metrics**: - Price-to-earnings ratio: 10.8x (reasonable for cyclical energy company) - EV/EBITDA: 4.8x (attractive for integrated oil company) - Price-to-book ratio: 1.46x (trading near book value) - Graham number suggests fair value around $61 vs current price of $38 **Other Considerations**: - Commodity price sensitivity creates earnings volatility - High capital requirements for maintenance and growth - Strong dividend coverage with 13.5% return on equity - Regulatory and environmental risks in oil sands operations
Recent development
Over the past few years, Suncor has undergone significant operational and strategic transformation focused on improving efficiency and reducing costs. **Operational Excellence Initiatives** have been the primary focus, with the company implementing autonomous haul truck operations, upgrading to larger 400-ton mining trucks, and installing advanced technologies like MineConnect for operational transparency. These improvements have contributed to record production levels, with upstream production reaching 875,000 barrels per day in Q4 2024, the highest in company history. **Cost Reduction Programs** have achieved substantial results, with the company targeting $10 per barrel in cost reductions and making significant progress toward this goal. Total operating, selling, and general expenses decreased by $324 million year-over-year in 2024, demonstrating operational leverage as production increased while absolute costs declined. **Portfolio Optimization** has streamlined operations through strategic asset sales, including wind farms, Norway E&P assets, and UK North Sea operations. The company acquired the remaining 46% interest in Fort Hills to achieve 100% ownership, enhancing operational control and eliminating partner complexities. **Technology Integration** has accelerated with the implementation of risk-based inspection techniques using drones, advanced turnaround planning systems, and the new Operational Excellence Management System (OEMS) to standardize best practices across all operations. **Capital Allocation Strategy** has evolved to prioritize shareholder returns, with the company moving to return 100% of excess funds to shareholders through dividends and share buybacks after achieving its net debt target. The quarterly dividend was increased by 5% to $0.57 per share, reflecting confidence in sustainable cash flow generation. **Environmental and Regulatory Compliance** efforts include participation in the Oil Sands Pathways Alliance for carbon capture and storage projects, aimed at achieving net-zero emissions by 2050. The company has also invested in cogeneration facilities and other emission-reduction technologies.
SU company profile · for informational purposes only — not investment advice.
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