Canada's Suncor cements comeback from oil sands laggard to sector outperformer
Suncor Energy's much better-than-expected third-quarter results cement the revival of Canada's second-largest oil producer, two years after its previous CEO resigned following a string of worker fatalities and operational mishaps.
Suncor Energy Inc. (SU) Q3 2024 Earnings Call Transcript
Suncor Energy Inc. (NYSE:SU ) Q3 2024 Earnings Conference Call November 13, 2024 9:30 AM ET Company Participants Troy Little – Senior Vice President, External Affairs Rich Kruger – President and Chief Executive Officer Kris Smith – Chief Financial Officer Shelley Powell – Senior Vice President, Operational Improvement and Support Services Dave Oldreive – Executive Vice President, Downstream Peter Zebedee – Executive Vice President, Oil Sands Conference Call Participants Dennis Fong – CIBC Greg Pardy – RBC Neil Mehta – Goldman Sachs Menno Hulshof – TD Securities Manav Gupta – UBS Roger Read – Wells Fargo Securities Doug Leggate – Bank of America Operator Good day, and welcome to the Suncor Energy Third Quarter 2024 Financial Results Call. At this time all participants are in a listen-only mode.
Suncor Energy (SU) Q3 Earnings and Revenues Surpass Estimates
Suncor Energy (SU) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $1.13 per share a year ago.
Analysts Estimate Suncor Energy (SU) to Report a Decline in Earnings: What to Look Out for
Suncor Energy (SU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Elliott's $3B Stake Validates Confidence in Suncor's Transformation
Elliot Investment almost doubles its holding in SU, reflecting optimism in the company's strategic turnaround.
Suncor Energy: The Best Is Yet To Come
Suncor Energy is a high-quality Canadian oil company with strong results, a nice starting yield, and an undemanding valuation. Despite macroeconomic uncertainties, Suncor's operational performance is robust, with increasing production and significant cash flow generation. Suncor is reducing its debt and plans to enhance shareholder returns through dividends and aggressive buybacks.
Will Suncor Energy (SU) Beat Estimates Again in Its Next Earnings Report?
Suncor Energy (SU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Suncor's Guilty Plea in 2019 Incident: Fines to be Imposed
SU pleads guilty to safety breach after a 2019 incident on Terra Nova vessel, resulting in fines and a mandated review of its safety protocols.
Suncor Energy's Shares Up 15% Year to Date: Time to Buy or Hold?
SU's shares are up 15% year to date, reflecting strong performance. High debt levels, stretched valuation and ESG concerns could make investors hesitate.
Suncor Energy: Reshaping The Oil Landscape
Suncor Energy's 2024 stock rise reflects strong operational performance, cost efficiency, and a strategic shift towards renewable energy and carbon reduction. Despite market volatility, Suncor posted robust financials in Q2 2024, with significant cash flow and a steady dividend payout, showcasing strong financial governance. Suncor's integrated vertical model and high refinery utilization provide a competitive edge, ensuring stable margins and effective capital allocation.
Cashing In On Suncor: A High-Yield Oil Play Too Good To Ignore
Despite current oil price pressure, Suncor's integrated business model and cost efficiencies position it well for long-term success and substantial returns. Suncor is aggressively returning capital to shareholders through dividends and buybacks, supported by robust free cash flow and debt reduction. The company trades at an attractive valuation, offering a deep-value opportunity with significant upside potential as oil prices stabilize.
Why Is Suncor Energy (SU) Up 0.3% Since Last Earnings Report?
Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock?
