Zacks Investment Research·1d ago
Will Suncor's Refining Strength Continue to Drive Cash Flow?SU's robust downstream performance, integrated operations and growing cash generation reinforce its prospects for sustained profitability.
Suncor's revenue rebounded to roughly $18.4B in the latest quarter, a 46.5% year-over-year gain, and free cash flow climbed to $4.6B with a 24.8% FCF margin, suggesting the operating base is strengthening.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue recovered to $18.4B and operating margin reached 25.8%, yet gross margin fell from roughly 61% to 44.6%, suggesting the top-line rebound is coming with thinner underlying profitability.
Suncor Energy has committed to increasing its share buybacks by 10% to CA$275 million per month in 2026, totaling about CA$3.30 billion, signaling strong capital return to shareholders.
Suncor Energy formed a bull flag pattern following strong Q1 2026 earnings, with the stock trading at $65.12 and a high structure score of 14.7/15, indicating a well-defined consolidation.
Suncor's 2026 corporate guidance highlights upstream production growth and refining utilization, aiming to build on recent performance under CEO Rich Kruger.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $2.84+20.9% vs $2.35 | $13.3B+11.9% vs $11.9B |
Q3 2026 Aug 4, 2026 | $2.27+6.1% vs $2.14 | $12.3B+5.7% vs $11.7B |
Q2 2026 May 5, 2026 | $1.41-2.8% vs $1.45 | $10.4B+12.9% vs $9.2B |
Q1 2026 Feb 3, 2026 | $0.79+2.6% vs $0.77 | $8.8B-1.7% vs $8.9B |
SU's robust downstream performance, integrated operations and growing cash generation reinforce its prospects for sustained profitability.
Suncor Energy Inc. ( SU:CA ) Q3 2026 Earnings Call November 4, 2026 9:30 AM EST Company Participants David L. Johnson Richard Kruger - CEO & Director Peter Zebedee - President & CFO Dave Oldreive - Executive Vice President of Downstream Adam Albeldawi - Executive Vice President of Upstream Shelley Powell - Executive VP of Development & Projects Conference Call Participants Greg Pardy - RBC Capital Markets, Research Division Dennis Fong - CIBC Capital Markets, Research Division Arun Jayaram - JPMorgan Chase & Co, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Menno Hulshof - TD Cowen, Research Division Manav Gupta - UBS Investment Bank, Research Division Patrick O'Rourke - ATB Cormark Capital Markets Inc., Research Division Travis Wood - National Bank Financial, Inc., Research Division Lydia Gould - Goldman Sachs Group, Inc., Research Division Presentation Operator Good day, and thank you for standing by.
COP, VNOM, TTE, SU and EC are five low-beta, high-yielding energy stocks, backed by improving earnings estimates, growth prospects and attractive dividends.
While the top- and bottom-line numbers for Suncor Energy (SU) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Benchmark SU against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Suncor Energy Inc. (SU)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $68.74 | $81.16B | 19.93 | -3.51% | 12.1% | 13.21% | 2.38% | |
| $212.61 | $423.43B | 32.07 | -4.64% | 11.95% | 13.89% | 3.23% | |
| $165.87 | $687.53B | 24.76 | -4.52% | 10.46% | 15.24% | 2.41% | |
| $136.27 | $166.02B | 21.46 | 7.51% | 14.87% | 14.32% | 2.34% | |
| $48.55 | $101.26B | 13.23 | 23.87% | 24.35% | 28.73% | 3.4% | |
| $124.83 | $61.97B | 27.08 | -8.61% | 10.82% | 23.01% | 1.58% |
Suncor Energy Inc. (SU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Suncor Energy Inc. (SU) stock FAQ — growth, dividends, profitability & financials explained
Suncor Energy Inc. (SU) reported $64.86B in revenue over the trailing twelve months. Revenue was $48.91B in fiscal year 2025. That is 2229% more than the $2.10B of fiscal year 1996.
Suncor Energy Inc. (SU) revenue fell by 3.5% in fiscal year 2025, compared with the prior fiscal year.
Yes. Suncor Energy Inc. (SU) earned $11.02B in net income over the trailing twelve months (a 17.0% net margin).
Yes. Suncor Energy Inc. (SU) pays a dividend that yields 2.38% at the current price, a moderate yield.
Suncor Energy Inc. (SU) had a return on equity (ROE) of 13.2% in fiscal year 2025. That is in line with the market's typical 10-15%.
Suncor Energy Inc. (SU) generated $12.59B in free cash flow over the trailing twelve months.
