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Strong Q3 2024 Earnings and Dividend Hike Fuel Suncor Energy’s Momentum

Summary by The Deep Dive
Suncor Energy Inc. (TSX: SU) has reported its results for Q3 2024, highlighting strong refinery throughput, increased production levels, and significant debt reduction. The company posted net earnings of $2.02 billion ($1.59 per share) in Q3 2024, up from $1.544 billion ($1.19 per share) in Q3 2023, marking a 30.8% increase year-over-year. On a sequential basis, net earnings rose from $1.568 billion ($1.22 per share) in Q2 2024, indicating an up…
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Calgary, AlbertaCalgary, Alberta
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