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Sep 30
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Suncor Q3 2025 Earnings Report
Suncor reported improved Q3 2025 financial results, driven by higher upstream production and refined product sales.
Key Takeaways
Suncor delivered strong financial performance in Q3 2025, with net earnings of CAD 1.54 billion and increased upstream production and refinery utilization. Operational discipline and capital returns remained key highlights.
Net earnings reached CAD 1.54 billion in Q3 2025, compared to CAD 1.54 billion in Q3 2024.
Upstream production averaged 739,400 bpd, up from 740,300 bpd in Q3 2024.
Refinery utilization was 100%, leading to refined product sales of 578,500 bpd.
Suncor returned CAD 1.6 billion to shareholders through dividends and buybacks in the quarter.
Suncor
Suncor
Suncor Revenue by Geographic Location
Revenue by Geographic Location
Canada Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Suncor plans to maintain high refinery utilization and stable upstream production, while continuing to return capital to shareholders and focus on operational excellence.
Positive Outlook
- Targeting continued strong upstream production near 740,000 bpd
- Expecting refinery utilization to remain high in Q4
- Capital returns remain a priority, with buybacks ongoing
- Focused on reliability and safety improvements across assets
- Enhanced shareholder returns through disciplined capital allocation
Challenges Ahead
- Exposure to commodity price volatility may impact earnings
- Maintenance activities could affect refinery throughput
- Operational incidents could pressure margins
- Global economic uncertainty may dampen product demand
- Higher regulatory and environmental costs expected in future periods