Earnings Alerts

Suncor Energy (SU) Earnings: Strong Refinery Throughput and Increased Production Forecast for 2025

By December 12, 2024 No Comments
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  • Suncor projects its refinery throughput for 2025 to be between 435,000 and 450,000 barrels per day (b/d), with an estimated average of 446,045 b/d.
  • The company expects total production to range from 810,000 to 840,000 barrels per day.
  • Refinery utilization is anticipated to be between 93% and 97%, with an estimated average utilization of 95.2%.
  • Refined product sales are predicted to be between 555,000 and 585,000 barrels per day.
  • Suncor’s projected capital expenditure is between C$6.10 billion and C$6.30 billion, with an estimated average of C$6.21 billion.
  • The company plans a growth in upstream production, consistent with its strategy to increase production by over 100,000 bbls/d between 2023 and 2026.
  • Increased refinery utilization is attributed to stronger asset performance and a solid market position.
  • Lower costs in oil sands are a result of ongoing productivity improvements.
  • Analysts have issued 14 buy ratings and 9 hold ratings for Suncor, with no sell ratings.

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A look at Suncor Energy Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Suncor Energy shows a promising long-term outlook. The company scores high in areas such as value, dividend, growth, and momentum, indicating strong performance across these factors. With a solid score in value and dividend, investors may find Suncor Energy to be an attractive option for potential returns and income generation. Additionally, a high growth score suggests the company has significant potential for expansion and development in the future.

However, Suncor Energy‘s resilience score is relatively lower compared to the other factors. This could indicate some vulnerability to market fluctuations or external challenges. Despite this, the overall positive scores in key areas position Suncor Energy favorably for long-term success in the energy industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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