Logo

SU

Suncor Energy Inc.

SU

Suncor Energy Inc. • NYSE
$44.78 ▲ 0.74% (+0.33)
Market Cap $53.79 B
52w High $45.60
52w Low $30.79
Dividend Yield 1.63%
P/E 14.63
Volume 929.69K
Outstanding Shares 1.20B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $12.552B ▼ $3.275B ▼ $1.619B ▲ 12.898% ▲ $1.34 ▲ $4.217B ▲
Q2-2025 $12.749B ▲ $3.8B ▲ $1.134B ▼ 8.895% ▼ $0.93 ▼ $3.311B ▼
Q1-2025 $12.323B ▼ $3.297B ▲ $1.689B ▲ 13.706% ▲ $1.36 ▲ $4.271B ▲
Q4-2024 $12.531B ▼ $1.167B ▼ $818M ▼ 6.528% ▼ $0.65 ▼ $3.263B ▼
Q3-2024 $12.888B $3.055B $2.02B 15.673% $1.59 $4.774B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.944B ▲ $89.473B ▲ $44.31B ▲ $45.163B ▲
Q2-2025 $2.269B ▼ $88.627B ▼ $44.047B ▼ $44.58B ▼
Q1-2025 $2.773B ▼ $89.698B ▼ $44.864B ▼ $44.834B ▲
Q4-2024 $3.484B ▲ $89.784B ▼ $45.27B ▼ $44.514B ▼
Q3-2024 $3.005B $90.662B $45.58B $45.082B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.619B ▲ $3.785B ▲ $-1.611B ▲ $-1.54B ▲ $675M ▲ $2.301B ▲
Q2-2025 $1.134B ▼ $2.919B ▲ $-1.67B ▼ $-1.614B ▼ $-504M ▲ $1.211B ▲
Q1-2025 $1.689B ▲ $2.156B ▼ $-1.255B ▲ $-1.612B ▲ $-711M ▼ $1.011B ▼
Q4-2024 $818M ▼ $5.083B ▲ $-1.678B ▼ $-3.064B ▼ $479M ▼ $3.513B ▲
Q3-2024 $2.02B $4.261B $-1.671B $-1.927B $631M $2.706B

Five-Year Company Overview

Income Statement

Income Statement Suncor’s income statement shows a business that has recovered strongly from the downturn in 2020 and is now in a solid, but more normalized, profit phase. Revenue has climbed sharply from the pandemic lows and has stayed at a high level over the last three years, even as oil prices have come off their peaks. Profitability has improved even more than sales: gross profit and operating profit both moved from losses in 2020 to healthy, consistent gains since then. Earnings peaked in the boom year of 2022 and have eased back somewhat, but they remain robust by historical standards. Margins appear resilient, suggesting good cost control and benefits from the integrated model (upstream, refining, and retail working together). Overall, the income statement shows a mature energy company now focused on efficiency and steady profitability rather than rapid growth.

Balance Sheet

Balance Sheet Suncor’s balance sheet looks relatively sturdy and has been slowly strengthening. Total assets have stayed fairly stable, edging up over time rather than swinging wildly. Shareholder equity has built up steadily, reflecting retained profits and a thicker capital cushion than a few years ago. Debt has been trending down meaningfully from earlier, more leveraged levels, indicating deliberate balance sheet repair. Cash on hand has also improved compared to most prior years, giving the company more flexibility to deal with volatility in oil markets or to fund projects without stretching its finances. In simple terms, Suncor appears less leveraged and better capitalized than it was earlier in the decade, which helps support resilience through commodity cycles.

Cash Flow

Cash Flow Cash flow is a clear strong point. Operating cash flow has been very strong in recent years, far above the levels seen during the 2020 downturn. This indicates that the core business is generating ample cash even after covering day‑to‑day operating costs. After spending on capital projects, Suncor has been left with healthy free cash flow for several years in a row. Capital spending has gradually increased but remains well covered by internally generated cash. This pattern suggests Suncor has room to both reinvest in its assets and return capital to stakeholders, while still keeping its financial footing solid. The main caveat is that this strength is still tied to the health of global oil markets, so it could vary with commodity cycles.

Competitive Edge

Competitive Edge Suncor holds a strong competitive position built around integration, scale, and long‑life resources. Its oil sands operations provide a very long‑duration production base with relatively slow decline rates, which is different from many conventional oil producers that constantly need new drilling to maintain volumes. On top of that, Suncor owns upgrading, refining, and a large retail network (Petro‑Canada), allowing it to capture value from the wellhead all the way to the fuel pump. This integrated structure helps cushion the impact of volatile crude prices because refining and retail can benefit when feedstock costs fall. The nationwide Petro‑Canada brand and loyalty program also give Suncor direct access to end customers, which many upstream‑only competitors lack. Key structural risks include the high carbon and capital intensity of oil sands, exposure to Canadian regulatory and environmental policies, and long‑term uncertainty around global demand for heavy crude as the energy transition advances.

Innovation and R&D

Innovation and R&D Suncor’s innovation efforts are practical and focused on squeezing more efficiency and lower emissions out of its large asset base, rather than on blue‑sky research. On the operations side, the company has been an early mover in using autonomous haul trucks, advanced in‑situ recovery methods, cogeneration, and digital tools to cut costs, improve safety, and reduce emissions per barrel. These technologies can extend the competitive life of its oil sands assets and help manage environmental pressures. Strategically, Suncor is concentrating its transition efforts on areas that align with its existing strengths: hydrogen, renewable fuels, and carbon capture. It is involved in large industry alliances and partnerships for carbon capture and storage, sustainable aviation fuel, and potential large‑scale hydrogen production. At the same time, it has stepped back from stand‑alone wind and solar, signalling a desire to stay close to its core capabilities. Execution, policy support, and technology performance are all uncertain, so the long‑term payoff of these initiatives is not guaranteed. But the company is clearly trying to position itself for a lower‑carbon world while still prioritizing returns from its traditional business.

Summary

Overall, Suncor looks like a financially stronger, more disciplined version of itself compared to the start of the decade. The income statement shows a clear rebound from the 2020 shock and a shift into a phase of solid, if more moderate, profitability. The balance sheet has been cleaned up with lower debt and higher equity, while cash generation has been a standout, comfortably funding investment and leaving room for capital returns. Competitively, Suncor benefits from its integrated model, vast oil sands resource base, and established retail presence, all of which support resilience across oil price cycles. At the same time, the company faces structural challenges tied to the carbon intensity of oil sands, regulatory scrutiny, and long‑term energy transition trends. Its innovation and transition strategy is pragmatic: improve the core oil sands business, invest in efficiency and emissions reduction, and selectively pursue hydrogen, renewable fuels, and carbon capture. The big questions over time will be how well Suncor balances cash generation from its legacy assets with the need to adapt to a changing energy system, and how policy and technology developments shape the returns from its low‑carbon initiatives.

NEWS

November 6, 2025 · 5:00 PM UTC

Suncor Energy announces $1 billion medium term note offering

Read more

November 4, 2025 · 5:00 PM UTC

Suncor Energy reports third quarter 2025 results

Read more

November 4, 2025 · 4:45 PM UTC

Suncor Energy increases dividend

Read more

October 21, 2025 · 5:00 PM UTC

Suncor Energy to release third quarter 2025 financial results

Read more

October 14, 2025 · 4:45 PM UTC

Suncor Energy announces retirement of Chief Financial Officer

Read more