Suncor boosts production and profits with focused operations [Wealth Professional (Canada)]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
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Source: Wealth Professional
Suncor Energy Inc. delivered strong third-quarter results, impressing analysts and investors, as reported by BNN Bloomberg Dan Fong, head of research for industrials and energy at Veritas Investment Research, shared his increasingly optimistic outlook for the company in an interview on Monday. The Calgary-based energy giant earned $2.02bn in its third fiscal quarter, a rise from $1.54bn in the same period last year. Earnings per share increased to $1.59 from $1.19. Upstream production also saw significant growth, reaching approximately 828,600 barrels of oil equivalent per day, compared to 690,500 barrels per day in the third quarter of 2022. Fong attributed Suncor's strong performance to its focus on improving margins and controlling costs through smaller projects. “We thought they were ahead of schedule on their turnaround, and we thought at that point, the stock was reflecting full and fair value,” Fong said. Reflecting on the company's third-quarter earnings, he added
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News
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SU
Earnings
- 11/12/24 - Beat
SU
Sec Filings
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- SU's page on the SEC website