- Suncor’s adjusted operating EPS for the second quarter was C$0.71, falling short of the estimated C$0.74.
- Reported EPS was C$0.93.
- Adjusted funds from operations (AFFO) amounted to C$2.69 billion.
- Cash flow from operations exceeded expectations at C$2.92 billion, compared to the estimate of C$2.76 billion.
- Upstream production reached 808,100 barrels per day.
- Refinery throughput surpassed estimates, hitting 442,300 barrels per day against an expected 408,478.
- Refinery utilization was high at 95%, above the predicted 86.8%.
- Refined product sales totaled 600,500 barrels per day, exceeding the estimate of 524,328.
- The company currently has 13 buy ratings, 8 hold ratings, and 1 sell rating from analysts.
A look at Suncor Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Suncor Energy shows promising signs for its long-term outlook. With strong scores in Value and Dividend at 4 each, the company signals solid fundamentals and income potential for investors. Although Growth, Resilience, and Momentum scores slightly lag behind, at 3 each, Suncor Energy‘s overall outlook remains positive.
Suncor Energy, Inc. is an integrated energy company primarily focused on developing the Athabasca oil sands basin. The company engages in oil sands extraction and upgrading, natural gas exploration, refining, and marketing of petroleum products. With a balanced Smartkarma Smart Scores profile, Suncor Energy demonstrates a stable foundation for potential growth and income generation in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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