Suncor Energy's latest earnings report shows strong performance, thanks to solid refining margins and smart operational improvements.
On August 4, 2026, Suncor Energy Inc (SU.TO) announced its second-quarter earnings, reporting an earnings per share (EPS) of C$3.23, which is 4.9% higher than expected. This result highlights the company's ability to adapt despite fluctuations in upstream production, mainly due to planned maintenance.
Recent earnings trend
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Suncor Energy Inc
SU.TO
SU.TO
Suncor Energy Inc
WealthAwesomeMarket cap
$107.20B
P/E
17.3x
Div. yield
2.49%
Div. / share
$2.34
52W high
$95.89
52W low
$51.16
1W change
-4.80%
Beta
0.57
Analyst Price Targets
Based on analyst covering SU
Wall Street analysts forecast SU stock price to rise 16.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$102.85
+16.7% Upside
Current Price
C$88.12
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SU's historical volatility
30-Day Vol
31.4%
Annualized
90-Day Vol
33.3%
Annualized
Trend (90d)
+2.6%
Annualized drift
90d Mean
C$88.94
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$88.39 | C$79.31 – C$98.52 |
| 60 trading days | C$88.66 | C$76.05 – C$103.36 |
| 90 trading days | C$88.94 | C$73.70 – C$107.32 |
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: 6 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | 2.4300 | — |
| 2026-06-30 | 2026-08-04 | 3.2300 | 3.0800 | +4.9% |
| 2026-03-31 | 2026-05-05 | 1.9300 | 1.9300 | +0.0% |
| 2025-12-31 | 2026-02-03 | 1.1000 | 1.0300 | +6.8% |
| 2025-09-30 | 2025-11-04 | 1.4800 | 1.1400 | +29.8% |
| 2025-06-30 | 2025-08-05 | 0.7100 | 0.7300 | -2.7% |
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Investor takeaway: Investors might see Suncor's strong performance in refining and ongoing share buyback efforts as good signs for future growth, even with some challenges in upstream production.
Bull case
Suncor's focus on operational excellence and record performance in refining puts the company in a good position to benefit from high refining margins and strategic cost-cutting investments.
Bear case
However, ongoing weather-related disruptions and regulatory pressures could affect production and profitability over time, raising concerns about whether the current earnings growth can be sustained.
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Wealth Awesome
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