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Suncor Energy

SU · Energy

Last earnings Aug 5, 2026

Key results

Net incomequarter

$1.134 billion

Net earnings were $1.134 billion ($0.93 per common share) in the second quarter of 2025, compared to $1.568 billion ($1.22 per common share) in the prior year quarter.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Suncor s consolidated net earnings for the second quarter of 2025 were $1.134 billion, compared to $1.568 billion in the prior year quarter.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Gross marginquarter

$34.40

gross margin decreased to $34.40/bbl in the second quarter of 2025, from $36.35/bbl in the prior year quarter, primarily due to narrower heavy crude differentials and a one-time emissions compliance charge in the current quarter

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

On a FIFO basis, Suncor s refining and marketing gross margin decreased to $32.45/bbl in the second quarter of 2025, from $37.65/bbl in the prior year quarter, due to the same factors discussed above, in addition to FIFO inventory valuation impacts.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Income Tax Three months ended June 30 Six months ended June 30 ($ millions) 2025 2024 2025 2024 Current income tax expense 412 781 1 060 1 430 Deferred income tax recovery (112) (166) (159) (205) Income tax expense included in net earnings 300 615 901 1 225 Less: Income tax (recovery) expense on adjusted operating earnings adjustments (4) 7 10 (4) Income tax expense included in adjusted operating earnings 304 608 891 1 229 Effective tax rate 20.9% 28.2% 24.2% 27.8% The provision for income taxes in the second quarter of 2025 decreased to $300 million, compared to $615 million in the prior year quarter, primarily due to lower taxable earnings.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

AI analysis

Q2 2025 · reported Aug 5, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Net income · Q2 2025
$1.134B
EX-99 · Aug 5, 2025
Gross margin · Q2 2025
$34.40
EX-99 · Aug 5, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Net income$1.134 billion——
Gross margin$34.40——

EX-99 · Aug 5, 2025

Guidance · company-stated

Direction: Lowered

Company outlook

“Reduced 2025 capital guidance by $400 million, reflecting strong execution performance and capital discipline.”

Company outlook

“Corporate Guidance Updates Suncor has updated its 2025 corporate guidance ranges, previously issued on December 12, 2024, by reducing 2025 full-year estimated capital spend from $6.1-$6.3 billion down to $5.7-$5.9 billion.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin$34.40

Capital allocation

Dividend$750M

Certain financial measures referred to in this news release (adjusted funds from operations, adjusted operating earnings, free funds flow and net debt) are not prescribed by Canadian generally accepted accounting principles (GAAP).

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Certain financial measures referred to in this news release (adjusted funds from operations, adjusted operating earnings, free funds flow and net debt) are not prescribed by Canadian generally accepted accounting principles (GAAP)

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

Direction: Lowered

Company outlook: “Reduced 2025 capital guidance by $400 million, reflecting strong execution performance and capital discipline.”

Company outlook: “Corporate Guidance Updates Suncor has updated its 2025 corporate guidance ranges, previously issued on December 12, 2024, by reducing 2025 full-year estimated capital spend from $6.1-$6.3 billion down to $5.7-$5.9 billion.”

Company outlook — Lowered (“Reduced”)
“Reduced 2025 capital guidance by $400 million, reflecting strong execution performance and capital discipline.”

Company outlook — Lowered (“reducing”)
“Corporate Guidance Updates Suncor has updated its 2025 corporate guidance ranges, previously issued on December 12, 2024, by reducing 2025 full-year estimated capital spend from $6.1-$6.3 billion down to $5.7-$5.9 billion.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Certain financial measures referred to in this news release (adjusted funds from operations, adjusted operating earnings, free funds flow and net debt) are not prescribed by Canadian generally accepted accounting principles (GAAP).

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Returned $1.45 billion to shareholders, with $750 million in share repurchases and $700 million in dividends.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

(4) Calculated as the cost of share repurchases, excluding taxes paid on share repurchases, divided by the weighted average number of shares outstanding.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

(5) Includes dividends paid on common shares and repurchases of common shares; excludes taxes paid on common share repurchases.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

dollar denominated debt (461) (14) 103 Unrealized loss (gain) on risk management activities 68 (60) (52) Write-down of equity investments 136 Income tax (recovery) expense on adjusted operating earnings adjustments (4) 14 7 Adjusted operating earnings (1) 873 1 629 1 626 (1) Non-GAAP financial measure.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Non-GAAP Financial Measures Certain financial measures in this news release namely adjusted funds from operations, adjusted operating earnings, free funds flow and net debt, and related per share or per barrel amounts are not prescribed by GAAP.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Strategy & priorities

The quarter once again demonstrates our unwavering commitment and focus on delivering superior results for our shareholders.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Corporate and Strategy Updates Syncrude achieves first ore at Mildred Lake Mine Extension West (MLX-W).

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

All statements and information that address expectations or projections about the future, and other statements and information about Suncor s strategy for growth, expected and future expenditures or investment decisions, commodity prices, costs, schedules, production volumes, operating and financial results, future financing and capital activities, and the expected impact of future commitments are forward-looking statements.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Some of the forward-looking statements may be identified by words like expects , anticipates , will , estimates , plans , scheduled , intends , believes , projects , indicates , could , focus , vision , goal , outlook , proposed , target , objective , continue , should , may , future , potential , opportunity , would , priority , strategy and similar expressions.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Forward-looking statements in this news release include references to: Suncor s strategy, focus, goals and priorities and the expected benefits therefrom, and the anticipated return to normal production at White Rose in in the second quarter.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Risks & headwinds

Forward-looking statements and information are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Suncor.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Suncor s Annual Information Form, Annual Report to Shareholders and Form 40-F, each dated February 26, 2025, Suncor s Report to Shareholders for the Second Quarter of 2025 dated August 5, 2025, and other documents it files from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference.

SEC original ↗Suncor Energy — Earnings release (6-K exhibit)EX-99Aug 5, 2025

Documents

Earnings deck slides

3 decks with slide view

Suncor Energy — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

TotalEnergies (TTE) EnergyYPF (YPF) EnergyCenovus Energy (CVE) EnergyCanadian Natural Resources (CNQ) EnergyWoodside Energy (WDS) EnergyCameco (CCJ) EnergyVista Energy, S.A.B. De C.V. (VIST) EnergyImperial Oil (IMO) Energy

Filings

105 documents

Earnings releases

48 documents

Presentations

4 documents

Transcripts

0 documents

No transcripts for Suncor Energy are held in this edition of the library.

Mentioned by

3 companies

Other tracked companies whose held documents mention Suncor Energy by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.