Suncor Energy (SU) Q2 Earnings Rise Y/Y, Sales Top Estimates
SUSuncor(SU) ZACKS·2024-08-16 18:57

Suncor Energy Inc. (SU) reported second-quarter 2024 adjusted operating earnings of 93 Canadian cents per share, up from the prior-year quarter's level of 71 Canadian cents. The outperformance can be attributed to the increases in oil sands production and strong demand for refined products.Operating revenues of $9.5 billion beat the Zacks Consensus Estimate by 14%. The top line also increased approximately 9.3% year over year.Suncor Energy’s board of directors approved a quarterly dividend of 54.5 Canadian ...