Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Suncor Energy (SU) , which belongs to the Zacks Oil and Gas - Integrated - Canadian industry.This energy company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 17.19%.For the last reported quarter, Suncor Energy came out with earnings of $1.05 per sh ...

Suncor Energy Inc.’s (SU) plants and refinery in Commerce City are facing renewed scrutiny from two government agencies for alleged non-compliance with air emission laws. The U.S. Environmental Protection Agency (“EPA”) and the Colorado Department of Public Health and Environment (“CDPHE”) issued a Notice of Violation last week based on findings from a 2023 inspection finalized in an EPA report on Jan 26. This notice marks the initial step in a federal-state enforcement process.Alleged Violations and Regula ...

Calgary, Alberta--(Newsfile Corp. - June 20, 2024) - Suncor Energy (TSX: SU) (NYSE: SU), one of the largest oil sands companies in Canada, and a member of the Pathways Alliance, is steadfast in our commitment to environmental performance and operational emissions reduction. To support our commitment, we have strived to be transparent about our actions and plans, which we believe is critical to building trust and driving improvement.However, our ability to remain transparent has been significantly compromis ...

Suncor Energy's Rich Kruger Urges Canada to Seize the Opportunity Its Energy Resources ProvideJune 06, 2024 6:11 PM EDT | Source: Suncor Energy Inc.Calgary, Alberta--(Newsfile Corp. - June 6, 2024) - Suncor (TSX: SU) (NYSE: SU) President and Chief Executive Officer Rich Kruger says Canada can increase its prosperity for the benefit of all Canadians while also mitigating the impacts of climate change if government and industry work together. Kruger appeared today before the House of Commons Sta ...

A month has gone by since the last earnings report for Suncor Energy (SU) . Shares have lost about 3.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Suncor Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Suncor Energy Q1 Earnings & Revenues Beat Sunco ...

Suncor Energy Inc. (SU) is facing a significant legal challenge as environmental groups filed a notice to sue the company under the U.S. Clean Air Act. The lawsuit, initiated by Earthjustice, a non-profit environmental law organization, accused Suncor of more than 1,000 air pollution violations at its Commerce City, CO, refinery. This legal action aims to hold Suncor accountable for its repeated offenses and seek civil penalties to prevent future violations.Background of Suncor’s ViolationsSuncor, based in ...

Canadian energy major Suncor Energy (SU) has unveiled a comprehensive business update, underscoring its commitment to shareholder value through accelerated stock buybacks and strategic debt reduction. This move has bolstered investor confidence, reflected in a notable surge in the company’s share price. The transformation, driven in part by activist investor Elliott Investment Management, signals a new chapter for Suncor as it aims to enhance efficiency and production.Share Buyback Boost & Debt ReductionIn ...

2024 Business Update May 21, 2024 ...

公司计划 - 公司计划到2026年底每年通过自由资金流增加33亿美元[12] - 未来五年内不会有重大资本投入用于沥青替代[13] - 自由资金支出目标调整至80亿美元，股票回购比例增加至75%[13] 资金流增长 - 公司计划通过提高上游产量每天增加10万桶以上来增加自由资金流[29] - 公司计划通过改进上游和下游转型来实现每年2.25亿至2.5亿美元的转型节省[55] 炼油改进 - 公司将通过提高资产可用性来增加炼油吞吐量，实施可靠性路线图，包括设备特定计划，以消除历史上的问题设备，并减少计划和非计划停机时间[56] - 公司的新领导团队在Commerce City炼油厂推动可靠性改进，专注于解决冬季化、资产完整性和维护积压问题，过去三个季度利用率已提高至96%[57] 公司策略 - 公司在过去六个月深入组织内部，与领导团队多层次参与，制定了可行性计划[110] - 公司的改进计划旨在抵消通货膨胀等内在因素的影响，确保净改进[111] 项目和合作 - Firebag资产具有潜力不断提升产能，通过简单但有效的改进措施增加每日产量[115] - 公司加速与Solomon合作，制定明确计划以缩小差距并超越最佳表现[157] 资本回报 - 公司将在达到净债务目标后主要通过股票回购向股东返还资本[192] - 特别股息并不是公司的首选，重点将放在股票回购上以提高股东价值[193]

Suncor Energy, Inc. (NYSE:SU) 2024 Business Update Call May 21, 2024 9:30 AM ET Company Participants Troy Little - VP, IR Rich Kruger - President, CEO & Director Peter Zebedee - EVP, Oil Sands Dave Oldreive - EVP, Downstream Kris Smith - CFO Shelley Powell - SVP, Operational Improvement & Support Services Conference Call Participants Dennis Fong - CIBC Capital Markets Greg Pardy - RBC Capital Markets Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Securities Menno Hulshof - TD Cowen John Royall - JPMorg ...