Strathcona Resources reported third-quarter EPS of C$1.39, below the C$1.53 estimate. Investors are weighing uneven earnings against the company’s growth plans and proposed Greenfire acquisition.
Strathcona Resources Ltd. (TSX: SCR) released its third-quarter 2026 results after market close on November 8. EPS missed the C$1.53 estimate by 9.15%. The company has beaten estimates in one of its last four reported quarters. See results and valuation on the Strathcona Resources stock page.
Recent earnings trend
Strathcona Resources Ltd.
SCR.TO
SCR.TO
Strathcona Resources Ltd.
WealthAwesomeMarket cap
$7.71B
P/E
13.1x
52W high
$51.03
52W low
$25.26
1W change
-6.35%
Beta
-0.04
Analyst Price Targets
Based on analyst covering SCR · as of Nov 10, 2026
Wall Street analysts forecast SCR stock price to rise 46.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$52.56
+46.0% Upside
Previously C$53.10 on Oct 29, 2026
Current Price
C$36.00
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SCR's historical volatility
30-Day Vol
47.6%
Annualized
90-Day Vol
43.9%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$30.11
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$33.92 | C$28.78 – C$39.97 |
| 60 trading days | C$31.96 | C$25.33 – C$40.32 |
| 90 trading days | C$30.11 | C$22.66 – C$40.02 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-08 | 1.3900 | 1.5300 | -9.2% |
| 2026-06-30 | 2026-08-05 | 1.5500 | 1.3700 | +13.1% |
| 2026-03-31 | 2026-05-06 | 0.1800 | 0.7600 | -76.3% |
| 2025-12-31 | 2026-03-11 | -0.4200 | 0.6500 | -164.6% |
| 2025-06-30 | 2025-08-07 | 0.7400 | 0.6700 | +10.4% |
| 2025-03-31 | 2025-03-31 | 0.9600 | 1.1750 | -18.3% |
Investor takeaway: Strathcona’s earnings have varied from quarter to quarter. The available information also points to higher year-over-year operating earnings and a proposed Greenfire acquisition, but doesn’t include full Q3 revenue or margin figures. For Canadian investors, the main questions are whether production growth and greater scale can support lasting cash generation, and how acquisition execution and heavy-oil exposure could affect results.
C$1.39 EPS, versus C$1.53 expected
The 9.15% miss follows a beat in the prior quarter, when EPS was C$1.55 against an estimate of C$1.37. Strathcona beat estimates in one of its last four reported quarters, highlighting the swings in its reported earnings.
Bull case
Strathcona’s growth plan depends on increasing production, developing long-life assets and benefiting from greater scale. Company news puts Q3 operating earnings at C$371 million, up from a year earlier. The proposed Greenfire deal could also add oil sands and heavy-oil assets. Strathcona reports a 20.52% profit margin and trailing EPS of C$2.74. If the company delivers its projects and controls costs, steady cash generation could matter more over time than this quarter’s EPS miss.
Bear case
Earnings have been uneven. Strathcona missed estimates in three of its last four reported quarters, including a 76.32% miss in March 2026 and negative EPS in December 2025. Its heavy-oil exposure makes results sensitive to commodity prices and price differentials, and an acquisition would bring added execution demands. At the latest supplied close of C$36, SCR.TO traded below its 50-day and 200-day moving averages. The supplied fundamentals snapshot also shows no dividend yield.
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