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Canada's Suncor Energy tops quarterly profit estimates
The Calgary-based oil producer posted C$4.6 billion in adjusted operating earnings, as stronger refinery margins offset lower production and throughput.
- Suncor Energy reported third-quarter net earnings of $3.8 billion, up from $1.6 billion in the same period last year.
- Profit per share rose to $3.27 from $1.34 a year earlier.
- Adjusted operating earnings increased to $4.6 billion, or $3.97 per share, from $1.8 billion, or $1.48 per share, last year.
- Suncor’s upstream production fell to 852.5 million barrels per day, while its board approved a 10% dividend increase to 66 cents per common share.
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Suncor Energy (NYSE:SU) Posts Quarterly Earnings Results, Beats Expectations By $0.49 EPS
Suncor Energy (NYSE:SU - Get Free Report) (TSE:SU) posted its quarterly earnings data on Tuesday. The oil and gas producer reported $2.84 EPS for the quarter, topping the consensus estimate of $2.35 by $0.49. Suncor Energy had a return on equity of 20.05% and a net margin of 15.62%.
·Sioux Falls, United States
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Winnipeg Free Press+3 Reposted by 3 other sources
Suncor posts higher third-quarter profit of $3.8B, up from $1.6B last year
CALGARY - Oilsands giant Suncor Energy Inc. reported net earnings of $3.8 billion during the third quarter, up from $1.6 billion during the same period last year.
·Winnipeg, Canada
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Total News Sources10
Leaning Left3Leaning Right0Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 30%
C 70%
Factuality
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