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Posted by Defense World Staff on Jul 24th, 2026

Assetmark Inc. increased its stake in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 55.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,681 shares of the oil and gas producer’s stock after buying an additional 10,219 shares during the quarter. Assetmark Inc.’s holdings in Suncor Energy were worth $1,896,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Barings LLC lifted its holdings in shares of Suncor Energy by 231.3% in the first quarter. Barings LLC now owns 288,783 shares of the oil and gas producer’s stock worth $19,104,000 after acquiring an additional 201,608 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Suncor Energy by 0.7% during the first quarter. Bessemer Group Inc. now owns 64,709 shares of the oil and gas producer’s stock worth $4,266,000 after buying an additional 440 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Suncor Energy by 8.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 775,769 shares of the oil and gas producer’s stock worth $50,378,000 after buying an additional 60,506 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Suncor Energy by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,001,716 shares of the oil and gas producer’s stock valued at $198,443,000 after acquiring an additional 173,737 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Suncor Energy by 153.0% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,840,155 shares of the oil and gas producer’s stock valued at $121,668,000 after acquiring an additional 1,112,774 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes A number of brokerages have issued reports on SU. Wall Street Zen raised Suncor Energy from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Zacks Research raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $71.67.

View Our Latest Analysis on Suncor Energy

Suncor Energy Trading Up 2.5% NYSE SU opened at $66.35 on Friday. The stock has a market capitalization of $78.34 billion, a P/E ratio of 17.41 and a beta of 0.30. The business has a 50 day simple moving average of $60.96 and a 200 day simple moving average of $59.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. Suncor Energy Inc. has a one year low of $37.76 and a one year high of $70.29.

Suncor Energy (NYSE:SU – Get Free Report) (TSE:SU) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The company had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same quarter in the prior year, the firm earned $1.31 EPS. Research analysts expect that Suncor Energy Inc. will post 6.9 earnings per share for the current year.

Suncor Energy Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is 45.67%.

Suncor Energy Company Profile (Free Report)

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.

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Calgary, Alberta--(Newsfile Corp. - 21 juillet 2026) - Suncor Énergie (TSX : SU) (NYSE : SU) publiera ses résultats financiers du deuxième trimestre le 4 août 2026 avant 17 h, HR (19 h, HE).

Une webdiffusion permettant d'analyser les résultats du deuxième trimestre se tiendra le 5 août 2026 à 7 h 30, HR (9 h 30, HE). Une période de questions avec les analystes suivra les brèves remarques de la direction.

Pour écouter la webdiffusion, veuillez suivre les directives fournies à https://www.suncor.com/fr-ca/investisseurs/evenements-et-presentations. La webdiffusion sera archivée pendant 90 jours.

Suncor Énergie - la plus importante société énergétique intégrée du Canada
Les activités de Suncor couvrent l'ensemble de la chaîne de valeur énergétique, incluant les activités d'exploitation minière et in situ des sables bitumineux, la valorisation, la production extracôtière, le raffinage du pétrole au Canada et aux États-Unis, la commercialisation et les échanges commerciaux, ainsi que les réseaux de ventes au détail et de ventes en gros Petro-CanadaMC à l'échelle nationale - fournissant de l'énergie fiable qui alimente la croissance économique et répond aux besoins des clients partout au Canada et dans le monde. Grâce à un engagement inébranlable envers la sécurité, l'excellence opérationnelle et la rentabilité, Suncor est déterminée à atteindre un rendement parmi les meilleurs de l'industrie et à offrir une valeur à long terme aux actionnaires. Les actions ordinaires de Suncor (symbole : SU) sont inscrites à la Bourse de Toronto et à la Bourse de New York.

Pour plus d'information, visitez suncor.com ou trouvez-nous sur LinkedIn, Instagram et Facebook.

Pour consulter la version originale de ce communiqué de presse, visitez le https://www.newsfilecorp.com/release/306001

Source: Suncor Energy Inc.

Suncor Energy (SU +2.75%) has benefited from favorable economic conditions this year, but it's the Canadian company's standout operational improvements that have helped its stock shoot up 30% in 2026.

Suncor's CEO, Rich Kruger, has taken a disciplined approach to get the energy producer's financials and margins in shape. This has resulted in more cash returned to shareholders and the company hitting its three-year Investor Day targets an entire year early.

Today's Change

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2.75

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1.63

Current Price

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60.88

If oil prices continue to fall, Suncor's integrated business can help offset a portion of the volatility. Ultimately, it is better positioned than some other competitors if a real oil downturn happens.

It's easy to think that an energy company the size of Suncor gaining 30% in less than a calendar year means most of the run is already over. However, there's still plenty of potential, particularly for income investors.

Image source: Getty Images.

The stock currently offers a $0.43 quarterly dividend, yielding nearly 3%. Even with the 30% rise in price this year, Suncor's forward price-to-earnings ratio (P/E) is still around 9, below the sector's average of around 13. The analysts' average price target for Suncor is $63 per share, which the stock was still below at the time of this writing.

A solid yield and fair price, combined with operational efficiency and improved leadership, are why I'm bullish on Suncor Energy for the long term, no matter which direction oil prices go.

Catie Hogan has positions in Suncor Energy. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

© Miha Creative / Shutterstock.com

The Number With oil now trading well below the $100 level (and seemingly poised to continue heading lower, after OPEC announced further production increases recently and recessionary concerns pick up), it’s unclear where certain oil stocks are headed.

One such name that’s on my radar right now just reported its Q1 2026 earnings in early May – Chevron (NYSE:CVX | CVX Price Prediction). With the company posting adjusted earnings of $1.41 per share against a $0.97 consensus (a 45.56% beat), there’s plenty to seemingly like about this company’s growth trajectory in a lower oil price environment.

Let’s dive into what these results mean for the average investor.

What It Means This recent earnings beat rested on operational strength as much as on crude prices. Chevron’s average Brent realization in the quarter came in at $81 per barrel versus $76 a year earlier, a modest tailwind. The volume story did the heavy lifting. Worldwide net oil-equivalent production reached 3,858 MBOED, up 15% year over year, powered by the company’s high-profile Hess acquisition. U.S. output cleared 2 million barrels per day for the third consecutive quarter, a company record.

Reported net income tells a noisier story at $2.21 billion, down 37.07% year over year, weighed by roughly $2.9 billion in unfavorable timing effects tied to derivatives and LIFO, a $360 million legal reserve, and a $223 million FX headwind. Strip those out and the operating engine is running hotter. Chevron returned $2.5 billion via buybacks in Q1, the 16th straight quarter of returning more than $5 billion to shareholders.

Market Reaction Chevron shares closed at $169.20 on July 2, 2026, up 13.12% year to date and 19.13% over the past year. Now, the stock’s recent price action has cooled, alongside oil prices which dipped. Over the past month, CVX stock is off nearly 10% as WTI retreated from May’s peak to around $68.50 per barrel on July 6. Peer Exxon Mobil (NYSE:XOM) and Suncor Energy (NYSE:SU) have seen similar downside moves, as investors gauge where oil prices could be headed over the medium-term.

Bull Case Chevron’s Q1 beat pairs cleanly with three durable levers. First, volume: production growth of 15% year over year is a rare figure for a supermajor, and the Hess integration is the reason U.S. barrels have crossed two million a day for three straight quarters.

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Second, cost discipline is impressive, with Chevron delivering $1.5 billion in structural cost reductions in 2025, targeting $3 billion to $4 billion by the end of 2026.

Finally, the company’s capital return profile remains robust. Chevron returned $27.1 billion to shareholders in FY 2025, a 39th consecutive annual dividend increase, and a quarterly dividend of $1.78 per share that carries a yield near 4.17%.

CEO Mike Wirth framed the quarter this way: “Despite heightened geopolitical volatility and related supply disruptions, Chevron delivered solid first quarter performance, underscoring the resilience of our portfolio and the value of disciplined execution.”

Overall, Chevron’s forward P/E sits at 11, well below the trailing multiple, reflecting analyst expectations for higher earnings power as Hess barrels flow and cost programs land. Wall Street’s consensus target of $217.14 sits above current levels, with 18 buy or strong-buy ratings against one sell.

Bottom Line For long-term holders, Chevron’s 45.56% EPS beat is the tell. The company produced this metric all the while oil prices continued to sink below $70 per barrel. To me, that means the oil giants earnings engine is not in any way dependent on oil prices remaining in triple-digit territory. For those thinking long-term, that’s a big deal.

That said, it’s also true that volatility in commodity markets is a given. The catalyst worth watching is the structural cost target of $3 billion to $4 billion by year-end 2026. If Chevron hits it while Hess barrels compound, the $100 oil headline becomes optional to the investment case.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Chevron didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is Suncor Energy (SU - Free Report) . SU is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value.

Investors should also recognize that SU has a P/B ratio of 1.57. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.12. Over the past 12 months, SU's P/B has been as high as 1.63 and as low as 1.25, with a median of 1.47.

Finally, investors should note that SU has a P/CF ratio of 5.57. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. SU's current P/CF looks attractive when compared to its industry's average P/CF of 7.18. Over the past 52 weeks, SU's P/CF has been as high as 5.77 and as low as 4.06, with a median of 4.85.

These are just a handful of the figures considered in Suncor Energy's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that SU is an impressive value stock right now.

By Reuters

June 19, 20266:55 PM UTCUpdated June 19, 2026

CompaniesJune 19 (Reuters) - Suncor Energy's (SU.TO), opens new tab 85,000 ‌barrels per day refinery in ​Sarnia, Ontario ​had a small fire ⁠at the ​facility that ​was quickly contained and extinguished, according ​to a ​community alert on Friday.

Appropriate ‌regulatory ⁠authorities and community stakeholders have been notified, ​the ​alert ⁠said.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

Suncor did not immediately ​respond ​to ⁠a Reuters request for comment.

Reporting ⁠by ​Anjana ​Anil in Bengaluru, Editing ​by Franklin Paul

Our Standards: The Thomson Reuters Trust Principles., opens new tab

, /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) (the "Company"), an integrated security-related services company in Hong Kong, today announced that its board of directors, with the approval of the warrant holders in accordance with the terms of the applicable warrant instrument, has approved an adjustment to the exercise price of certain outstanding warrants issued by the Company on May 13, 2026, pursuant to the Company's unit offering of pre-funded warrants and warrants, from $5.50 to US$0.87 per ordinary share, effective as of June 17, 2026, subject to the terms and conditions of the applicable warrant documents and any other required approvals.

The Company's board of directors approved the warrant exercise price adjustment after considering, among other things, the Company's current financial and operational needs, prevailing market conditions, the trading price and volume of the Company's ordinary shares, and the potential opportunity to generate additional capital through warrant exercises. The board determined that adjusting the warrant exercise price may better align the warrants with current market conditions and incentivize participation in the Company's fundraising efforts.

The Company expects that any net proceeds received from exercises of the warrants would be used for general working capital and strategic purposes, including marketing, product promotion, and potential merger and acquisition opportunities. The board also considered that additional capital could support the Company's day-to-day operations, growth initiatives, and investment opportunities related to the Company's core business and new technologies.

The board believes that the warrant exercise price adjustment is commercially fair and reasonable and in the best interests of the Company and its shareholders as a whole, based on the information available to the board at the time of its decision. The Company also confirmed that the warrant exercise price adjustment is intended to be undertaken in accordance with the terms of the applicable warrant instrument and applicable laws, regulations, and listing rules.

The Company has authorized its officers to take the steps necessary to implement the warrant exercise price adjustment, including providing any required notices to warrant holders and making any appropriate regulatory filings.

There can be no assurance that any holder of the warrants will elect to exercise such warrants, or that the Company will receive any proceeds from any such exercises.

About SU Group Holdings Limited
SU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong. Through its subsidiaries, SU Group has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades. The security systems that SU Group provides services include threat detection systems, traffic and pedestrian control systems, and extra-low voltage systems in private and public sectors, including commercial properties, public facilities, and residential properties in Hong Kong. For more information visit www.sugroup.com.hk.

Forward-Looking Statements
The Company makes forward-looking statements in this report within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties, including the closing of the offering, and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs.  These statements may be preceded by, followed by or include the words "may," "might," "will," "will likely result," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or similar expressions. These forward-looking statements are based on information available to the Company as of the date of this report and involve substantial risks and uncertainties. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to a variety of factors, and other risks and uncertainties set forth in our reports filed with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update forward-looking statements as a result of new information, future events or developments or otherwise.

SOURCE SU Group Holdings Limited

Sauf indication contraire, toute l'information financière est non auditée et présentée en dollars canadiens, et elle est tirée des états financiers consolidés résumés de la Société, qui sont fondés sur les principes comptables généralement reconnus (les « PCGR ») du Canada, plus précisément les Normes internationales d'information financière (les « IFRS ») publiées par l'International Accounting Standards Board (l'« IASB »), et qui ont été préparés conformément à la Norme comptable internationale (« IAS ») 34, Information financière intermédiaire. Les volumes de production sont présentés selon la participation directe avant redevances, sauf pour les valeurs de production liées aux activités de la Société en Libye, qui sont présentées selon un prix raisonnable. Certaines mesures financières dans le présent communiqué (fonds provenant de l'exploitation ajustés, résultat d'exploitation ajusté, flux de trésorerie disponibles et dette nette) ne sont pas prescrites par les principes comptables généralement reconnus (les « PCGR ») du Canada. Se reporter à la rubrique « Mesures financières hors PCGR » du présent communiqué. Les informations concernant les activités du secteur Sables pétrolifères ne tiennent pas compte de la participation de Suncor Énergie Inc. dans Fort Hills et Syncrude.

Calgary, Alberta--(Newsfile Corp. - 5 mai 2026) - Suncor Énergie (TSX : SU) (NYSE : SU)

Faits saillants du premier trimestre

Fonds provenant de l'exploitation ajustés de plus de 4,0 G$ et flux de trésorerie disponibles de 2,9 G$.

Redistribution de plus de 1,5 G$ aux actionnaires, ce qui comprend des rachats d'actions de 825 M$ et des dividendes de plus de 700 M$.

Production en amont record, pour un premier trimestre, de 875 000 barils par jour (b/j), en hausse de 22 000 b/j par rapport au trimestre correspondant de l'exercice précédent.

Débit de raffinage record, pour un premier trimestre, de 498 000 b/j, en hausse de 15 000 b/j par rapport au trimestre correspondant de l'exercice précédent.

Ventes de produits raffinés trimestrielles records de 681 000 b/j, en hausse de 76 000 b/j par rapport au trimestre correspondant de l'exercice précédent.

« Comme il a été mis de l'avant lors de notre plus récente Journée des investisseurs, Suncor est aujourd'hui une entreprise hautement performante axée sur les résultats. La Société s'attache à respecter ses engagements et à générer des rendements solides et durables pour les actionnaires », a déclaré Rich Kruger, président et chef de la direction. « Nous avons réalisé une production en amont et un débit de raffinage records, pour un premier trimestre, en plus de ventes trimestrielles de produits raffinés inégalées. »

« Nous avons obtenu ces résultats tout en maintenant un programme de dépenses en immobilisations rigoureux et un excellent bilan, ce qui nous a permis d'accroître nos rachats d'actions mensuels pour une deuxième fois en quatre mois », a ajouté Troy Little, chef des finances.

Résultats du premier trimestre

Faits saillants financiers T1T4T1(en millions de dollars, sauf indication contraire) 202620252025Bénéfice net  2 1001 4761 689Par action ordinaire1) (en dollars) 1,771,231,36Résultat d'exploitation ajusté2) 2 3001 3251 629Par action ordinaire1), 2) (en dollars) 1,931,101,31Fonds provenant de l'exploitation ajustés2) 4 0303 2183 045Par action ordinaire1), 2) (en dollars) 3,392,682,46Flux de trésorerie liés aux activités d'exploitation 2 4353 9212 156Par action ordinaire1) (en dollars) 2,053,271,74Dépenses en immobilisations3) 1 0761 4831 087Flux de trésorerie disponibles2) 2 9131 6991 900Dividende par action ordinaire1) (en dollars) 0,600,600,57Rachats d'actions par action ordinaire4) (en dollars) 0,690,650,61Rendements pour les actionnaires5) 1 5371 4941 455Charges d'exploitation, frais de vente et frais généraux 3 7783 5183 297Dette nette2) 6 8426 3377 559Faits saillants de l'exploitation 

Total de la production en amont (kb/j) 875,2909,0853,2Pétrole brut traité par les raffineries (kb/j) 497,8504,2482,7Taux d'utilisation des raffineries6) (%) 9799941) De base par action.
2) Mesures financières hors PCGR ou comprend des mesures financières hors PCGR. Se reporter à la rubrique « Mesures financières hors PCGR » du présent communiqué de presse.
3) Compte non tenu des intérêts capitalisés.
4) Correspondent au coût des rachats d'actions, compte non tenu de l'impôt payé sur les rachats d'actions, divisé par le nombre moyen pondéré d'actions en circulation.
5) Comprennent les dividendes versés sur les actions ordinaires et les rachats d'actions ordinaires, compte non tenu de l'impôt payé sur les rachats d'actions.
6) Le 1er janvier 2026, Suncor a augmenté de 10 % la capacité nominale de son réseau de raffineries, la faisant passer de 466 000 b/j à 511 000 b/j. Tous les taux d'utilisation des trimestres précédents ont été retraités de manière à refléter ce changement.

Résultats financiers

Rapprochement du résultat d'exploitation ajusté1)

 T1T4T1(en millions de dollars) 202620252025Bénéfice net  2 1001 4761 689Perte de change latente (profit de change latent) sur la dette libellée en dollars américains 139(114)(14)Perte latente (profit latent) sur les activités de gestion des risques 927(60)Renversement d'une provision à l'égard de placements en titres de capitaux propres -(66)-(Recouvrement) charge d'impôt sur le résultat au titre des ajustements du résultat d'exploitation ajusté (31)2214Résultat d'exploitation ajusté1) 2 3001 3251 6291) Mesure financière hors PCGR. Tous les éléments de rapprochement sont présentés avant impôt et ajustés pour tenir compte de l'impôt sur le résultat présenté au poste « (Recouvrement) charge d'impôt sur le résultat au titre des ajustements du résultat d'exploitation ajusté ». Se reporter à la rubrique « Mesures financières hors PCGR » du présent communiqué de presse.

Le résultat d'exploitation ajusté de Suncor a augmenté pour s'établir à 2,300 G$ (1,93 $ par action ordinaire) au premier trimestre de 2026, comparativement à 1,629 G$ (1,31 $ par action ordinaire) au trimestre correspondant de l'exercice précédent, en raison principalement de l'augmentation des marges en aval, de l'augmentation des prix obtenus en amont et de la hausse des volumes de ventes en amont et en aval, en partie contrebalancées par l'augmentation des charges d'exploitation et des frais de transport qui a découlé de la hausse des volumes de ventes. Le résultat d'exploitation ajusté reflète également l'incidence du raffermissement des prix de référence au cours du trimestre considéré, ce qui a donné lieu à un profit lié à l'évaluation des stocks selon la méthode du premier entré, premier sorti (PEPS), en partie contrebalancé par un report du profit intersectoriel.

Le bénéfice net s'est accru pour s'établir à 2,100 G$ (1,77 $ par action ordinaire) pour le premier trimestre de 2026, en comparaison de 1,689 G$ (1,36 $ par action ordinaire) pour le trimestre correspondant de l'exercice précédent. En plus des facteurs qui ont eu une incidence sur le résultat d'exploitation ajusté, les éléments présentés dans le tableau ci-dessus ont influé sur le bénéfice net du premier trimestre de 2026 et du trimestre correspondant de l'exercice précédent.

Les fonds provenant de l'exploitation ajustés ont augmenté pour s'établir à 4,030 G$ (3,39 $ par action ordinaire) au premier trimestre de 2026, en comparaison de 3,045 G$ (2,46 $ par action ordinaire) au trimestre correspondant de l'exercice précédent. Cette variation s'explique essentiellement par l'incidence des mêmes facteurs que ceux ayant influé sur le résultat d'exploitation ajusté.

Les flux de trésorerie liés aux activités d'exploitation, qui comprennent les variations du fonds de roulement hors trésorerie, se sont établis à 2,435 G$ (2,05 $ par action ordinaire) au premier trimestre de 2026, en comparaison de 2,156 G$ (1,74 $ par action ordinaire) au trimestre correspondant de l'exercice précédent.

Les charges d'exploitation, frais de vente et frais généraux se sont établis à 3,778 G$ au premier trimestre de 2026, en comparaison de 3,297 G$ au trimestre correspondant de l'exercice précédent. L'augmentation découle principalement de la hausse de la charge de rémunération fondée sur des actions, de l'accroissement des volumes de ventes du côté des activités en amont et en aval, d'une intensification des travaux de maintenance et de la hausse des coûts des intrants des marchandises.

Résultats d'exploitation

 T1T4T1(en kb/j, à moins d'indication contraire) 202620252025Activités en amont 

Total de la production de bitume du secteur Sables pétrolifères 933,9992,7937,3Production de pétrole brut synthétique et de diesel 550,8586,8567,3Transferts entre actifs et produits consommés à l'interne (31,5)(29,8)(30,7)Production valorisée - production nette de pétrole brut synthétique et de diesel 519,3557,0536,6Production de bitume 364,7343,5341,7Transferts entre actifs (85,2)(55,1)(87,4)Production de bitume non valorisé 279,5288,4254,3Total de la production du secteur Sables pétrolifères 798,8845,4790,9Exploration et production  76,463,662,3Production en amont totale  875,2909,0853,2Ventes en amont 872,1905,5828,4
 

Activités en aval 

Taux d'utilisation des raffineries1 (%) 979994Pétrole brut traité par les raffineries 497,8504,2482,7Ventes de produits raffinés 680,9640,4604,9La production totale de bitume du secteur Sables pétrolifères, qui s'est établie à 933 900 b/j, est comparable à celle du trimestre correspondant de l'exercice précédent, qui s'était chiffrée à 937 300 b/j, et elle reflète une production trimestrielle sans précédent à Fort Hills. La production de bitume du trimestre considéré reflète également l'incidence des travaux de maintenance à Syncrude et des réductions de capacité d'un pipeline d'approvisionnement en gaz naturel exploité par un tiers dans la région.

La production nette de pétrole brut synthétique de la Société s'est chiffrée à 519 300 b/j et le taux d'utilisation de l'unité de valorisation a été de 96 % au premier trimestre de 2026, comparativement à 536 600 b/j et à 102 %, respectivement, au trimestre correspondant de l'exercice précédent. La variation s'explique par l'intensification des travaux de maintenance à Syncrude qui a contrebalancé la production record de pétrole brut synthétique de l'usine de base du secteur Sables pétrolifères.

La production de bitume non valorisé s'est accrue pour s'établir à 279 500 b/j au premier trimestre de 2026, contre 254 300 b/j au trimestre correspondant de l'exercice précédent, en raison essentiellement d'une disponibilité moins grande des installations de valorisation.

Les volumes des ventes en amont ont augmenté pour s'établir à 872 100 b/j au premier trimestre de 2026, en comparaison de 828 400 b/j au trimestre correspondant de l'exercice précédent, ce qui reflète la hausse des volumes de production en amont et l'incidence d'une accumulation plus importante des stocks au cours du trimestre correspondant de l'exercice précédent.

La production du secteur E&P s'est accrue pour s'établir à 76 400 b/j au premier trimestre de 2026, en comparaison de 62 300 b/j au trimestre correspondant de l'exercice précédent, et elle reflète une solide production pour l'ensemble des actifs.

Le débit de raffinage s'est accru pour atteindre 497 800 b/j, un record pour un premier trimestre, comparativement à 482 700 b/j au trimestre correspondant de l'exercice précédent, en raison de l'ajout de capacités découlant d'activités de désengorgement et du maintien d'une solide performance opérationnelle tout au long du trimestre considéré. Le taux d'utilisation des raffineries1) s'est établi à 97 % au premier trimestre de 2026 et reflète l'augmentation de 10 % de la capacité nominale du réseau de raffinage, qui est passée à 511 000 b/j le 1er janvier 2026.

Les ventes de produits raffinés ont augmenté pour atteindre un record trimestriel de 680 900 b/j, en comparaison de 604 900 b/j au cours du trimestre correspondant de l'exercice précédent, Suncor ayant exploité les possibilités de ventes à l'exportation à l'échelle mondiale tout en fournissant davantage de volumes à l'échelle nationale au moyen de la croissance des activités de vente au détail et des partenariats stratégiques. Les volumes de ventes rendent compte de la production accrue des raffineries au cours du trimestre, attribuable en partie à une plus grande utilisation des installations secondaires.

1) Le 1er janvier 2026, Suncor a augmenté de 10 % la capacité nominale de son réseau de raffinage, la faisant passer de 466 000 b/j à 511 000 b/j. Tous les taux d'utilisation trimestriels précédents ont été retraités de manière à refléter ce changement.

Mises à jour concernant la Société et la stratégie

Augmentation de plus de 30 % des rachats d'actions prévus pour 2026. Après la clôture du trimestre, Suncor a augmenté ses rachats d'actions mensuels planifiés, les faisant passer de 275 M$ par mois à 350 M$ par mois, et prévoit ainsi des rachats d'actions totalisant près de 4 G$ en 2026, soit une hausse de plus de 30 % par rapport aux rachats d'actions de 2025.

Suncor a présenté, lors de la Journée des investisseurs du 31 mars dernier, ses nouveaux engagements triennaux. Pour un complément d'information, y compris la transcription intégrale et l'enregistrement de la présentation, visitez le www.suncor.com.

Faits saillants de la Journée des investisseurs :

une augmentation de 2 G$ des flux de trésorerie disponibles (selon un prix du WTI de 65 $ US) d'ici 2028;

une réduction de 5 $ US par baril de notre seuil de rentabilité basé sur le WTI, qui s'établira à 38 $ US par baril d'ici 2028;

un accroissement de la production en amont de 100 000 b/j d'ici 2028;

une augmentation de 10 % de la capacité nominale du réseau de raffinage à 511 000 b/j.

Mises à jour sur les perspectives de la Société

Suncor a mis à jour ses fourchettes prévisionnelles pour 2026 annoncées précédemment le 11 décembre 2025. La mise à jour reflète une augmentation de 10 % de la capacité nominale du réseau de raffinage, qui s'est établie à 511 000 b/j, entraînant une modification des taux d'utilisation des raffineries prévisionnels, qui sont passés de 99 % - 102 % à 90 % - 93 %. Les fourchettes prévisionnelles au titre du débit de raffinage sont demeurées inchangées à 460 000 à 475 000 b/j.

Pour des précisions et des mises en garde sur les perspectives de Suncor pour 2026, visitez le https://www.suncor.com/fr-ca/investisseurs/perspectives-de-la-societe.

Mesures financières hors PCGR

Certaines mesures financières contenues dans le présent communiqué, à savoir les fonds provenant de l'exploitation ajustés, le résultat d'exploitation ajusté, les flux de trésorerie disponibles et la dette nette, ainsi que les montants par action ou par baril connexes, ne sont pas prescrites par les PCGR. Nous présentons ces mesures financières hors PCGR parce que notre direction les utilise pour analyser la performance des activités, l'endettement et la liquidité, le cas échéant, et qu'elles peuvent être utiles aux investisseurs pour les mêmes raisons. Ces mesures financières hors PCGR n'ont pas de définition normalisée et, par conséquent, il est peu probable qu'elles soient comparables aux mesures similaires présentées par d'autres sociétés. Par conséquent, elles ne doivent pas être utilisées isolément ni comme substituts aux mesures de rendement établies conformément aux PCGR. Sauf indication contraire, ces mesures financières hors PCGR sont calculées et présentées de la même manière d'une période à l'autre. Des ajustements particuliers pourraient être pertinents pour certaines périodes seulement.

Résultat d'exploitation ajusté

Le résultat d'exploitation ajusté est une mesure financière hors PCGR qui se calcule en ajustant le résultat net en fonction d'éléments significatifs qui ne sont pas indicatifs de la performance au chapitre de l'exploitation. La direction utilise le résultat d'exploitation ajusté pour évaluer la performance au chapitre de l'exploitation parce qu'elle estime que cette mesure donne une comparaison plus juste entre les périodes. Un rapprochement entre le résultat d'exploitation ajusté et le résultat net est présenté ailleurs dans le présent communiqué.

Fonds provenant de (affectés à) l'exploitation ajustés

Les fonds provenant de (affectés à) l'exploitation ajustés sont une mesure financière hors PCGR qui consiste à ajuster une mesure conforme aux PCGR, à savoir les flux de trésorerie liés aux activités d'exploitation, en fonction des variations du fonds de roulement hors trésorerie et que la direction utilise pour analyser la performance au chapitre de l'exploitation et la liquidité. Les variations du fonds de roulement hors trésorerie peuvent subir l'incidence, entre autres facteurs, de la volatilité des prix des marchandises, du calendrier des achats des charges d'alimentation destinées aux activités extracôtières et des paiements relatifs aux taxes sur les marchandises et à l'impôt sur le résultat, du calendrier des flux de trésorerie liés aux créances et aux dettes et des variations des stocks qui, de l'avis de la direction, réduisent la comparabilité d'une période à l'autre.

Trimestres clos les
31 marsSables
pétrolifères Exploration et
production Raffinage et
commercialisation Siège social et
éliminations Impôt sur
le résultatTotal(en millions de dollars) 202620252026202520262025202620252026202520262025Bénéfice (perte) avant impôt sur le résultat1 5161 6753821581 650672(722)(215)--2 8262 290Ajustements pour :

Charge d'amortissement et d'épuisement1 2351 1991751712762574536--1 7311 663Charge de désactualisation 130124191643----153143Perte de change latente (profit de change latent) sur la dette libellée en dollars américains ------139(14)--139(14)Variation de la juste valeur des instruments financiers et des stocks de négociation 141(68)(8)(6)5617----189(57)Profit à la cession d'actifs----(6)-(7)--
(13)-Rémunération fondée sur des actions(34)(86)(2)(6)(14)(40)(70)(171)--(120)(303)Règlement de passifs liés au démantèlement et à la remise en état (140)(79)(5)(3)(13)(12)----(158)(94)Autres 46451-285(15)15--6065Charge d'impôt exigible--------(777)(648)(777)(648)Fonds provenant de (affectés à) l'exploitation ajustés2 8942 8105623301 981902(630)(349)(777)(648)4 0303 045Variation du fonds de roulement hors trésorerie

(1 595)(889)Flux de trésorerie liés aux activités d'exploitation

2 4352 156Flux de trésorerie disponibles (déficitaires)

Les flux de trésorerie disponibles (déficitaires) sont une mesure financière hors PCGR calculée en déduisant des fonds provenant de l'exploitation ajustés, les dépenses en immobilisations, y compris les intérêts incorporés à l'actif. Les flux de trésorerie disponibles rendent compte de la trésorerie disponible pour accroître les distributions aux actionnaires et réduire la dette. La direction utilise cette mesure pour évaluer la capacité de la Société à accroître les rendements pour les actionnaires et à financer ses investissements de croissance.

Trimestres clos les 31 marsSables
pétrolifèresExploration et productionRaffinage et
commercialisationSiège social et éliminationsImpôt sur
le résultatTotal(en millions de dollars)202620252026202520262025202620252026202520262025Fonds provenant de (affectés à) l'exploitation ajustés2 8942 8105623301 981902(630)(349)(777)(648)4 0303 045Dépenses en immobilisations,
y compris les intérêts incorporés à l'actif(746)(749)(128)(209)(232)(180)(11)(7)--(1 117)(1 145)Flux de trésorerie disponibles (déficitaires)2 1482 0614341211 749722(641)(356)(777)(648)2 9131 900Dette nette et dette totale

La dette nette et la dette totale sont des mesures financières hors PCGR que la direction utilise pour analyser la situation financière de la Société. La dette totale se compose de la dette à court terme, de la tranche courante de la dette à long terme et de la dette à long terme (qui sont toutes des mesures conformes aux PCGR). La dette nette correspond à la dette totale diminuée de la trésorerie et des équivalents de trésorerie (une mesure conforme aux PCGR).

 31 mars31 décembre(en millions de dollars, sauf indication contraire) 20262025Dette à court terme --Tranche courante de la dette à long terme 979973Dette à long terme 9 1349 014Dette totale 10 1139 987Moins la trésorerie et les équivalents de trésorerie 3 2713 650Dette nette 6 8426 337Capitaux propres 45 77645 124Dette totale majorée des capitaux propres 55 88955 111Ratio dette totale/dette totale majorée des capitaux propres (%) 18,118,1Ratio dette nette/dette nette majorée des capitaux propres (%) 13,012,3Mise en garde - renseignements de nature prospective

Le présent communiqué renferme de l'information prospective et des énoncés prospectifs (collectivement appelés « énoncés prospectifs » aux présentes) et d'autres informations qui reposent sur les attentes actuelles, les estimations, les projections et les hypothèses que la Société a formulées à la lumière des informations qui étaient à sa disposition au moment où les présents énoncés ont été formulés, et en fonction de son expérience et de sa perception des tendances historiques, notamment les attentes et hypothèses au sujet de l'exactitude des estimations des réserves; les prix des marchandises, les taux d'intérêt et les taux de change; le rendement des actifs et du matériel; l'incertitude liée aux conflits géopolitiques; la rentabilité des capitaux et les économies de coûts; les lois applicables et les politiques gouvernementales; les niveaux de production futurs; la suffisance des dépenses en immobilisations budgétées pour l'exécution des activités planifiées; la disponibilité et le coût de la main-d'œuvre, des services et des infrastructures; la capacité de tiers à remplir leurs obligations envers Suncor; l'élaboration et l'exécution de projets; et la réception en temps utile des approbations des autorités de réglementation et des tiers. Tous les énoncés et les informations traitant de prévisions ou de projections au sujet de l'avenir, ainsi que les autres énoncés et informations au sujet de la stratégie de croissance de Suncor, de ses prévisions courantes et futures en matière de dépenses en immobilisations ou de décisions d'investissement, des prix des marchandises, des coûts, des calendriers, des volumes de production, des résultats d'exploitation et des résultats financiers, des activités de financement et d'investissement futures et de l'incidence prévue des engagements futurs, constituent des énoncés prospectifs. Certains énoncés prospectifs se reconnaissent à l'emploi d'expressions comme « s'attend à », « anticipe », « estime », « planifie », « prévu », « a l'intention de », « croit », « projette », « indique », « pourrait », « se concentre sur », « vision », « but », « perspectives », « proposé », « cible », « objectif », « continue », « devrait », « futur », « avenir », « potentiel », « occasion », « priorité », « stratégie » et autres expressions analogues. Les énoncés prospectifs formulés dans le présent communiqué font référence aux éléments suivants : la stratégie, les axes privilégiés, les objectifs et les priorités de Suncor, ainsi que les avantages qui devraient en découler; les cibles établies lors de la Journée des investisseurs 2026 de Suncor et l'attente selon laquelle Suncor atteindra ses nouvelles cibles triennales; et le fait que Suncor prévoit effectuer des rachats d'actions d'environ 4 G$ en 2026, ce qui représente une hausse de plus de 30 % par rapport aux rachats d'actions de 2025. En outre, tous les autres énoncés et renseignements traitant de la stratégie de croissance de Suncor, de ses décisions en matière de dépenses et d'investissements prévus et futurs, des prix des marchandises, des coûts, des calendriers, des volumes de production, des résultats opérationnels et des résultats financiers, et de l'incidence prévue des engagements futurs, constituent des énoncés prospectifs. Certains énoncés et renseignements prospectifs se reconnaissent à l'emploi d'expressions comme « s'attend », « prévoit », « estimations », « planifie », « prévu », « entend », « croit », « projets », « indique », « pourrait », « se concentre », « vision », « but », « perspectives », « proposé », « cible », « objectif », « continue », « devrait », « peut » et autres expressions analogues.

Les énoncés prospectifs reposent sur les attentes actuelles, les estimations, les projections et les hypothèses que la Société a formulées à la lumière des informations qui étaient à sa disposition au moment où les présents énoncés ont été formulés, et en fonction de son expérience et de sa perception des tendances historiques, notamment les attentes et hypothèses au sujet de l'exactitude des estimations des réserves; les prix des marchandises, les taux d'intérêt et les taux de change; le rendement des actifs et du matériel; la rentabilité des capitaux et les économies de coûts; les lois applicables et les politiques gouvernementales; les niveaux de production futurs; la suffisance des dépenses en immobilisations budgétées pour l'exécution des activités planifiées; la disponibilité et le coût de la main-d'œuvre, des services et des infrastructures; la capacité de tiers à remplir leurs obligations envers Suncor; l'élaboration et l'exécution de projets; et la réception en temps utile des approbations des autorités de réglementation et des tiers.

Les énoncés et les renseignements prospectifs ne sont pas des garanties d'un rendement futur et comportent un certain nombre de risques et d'incertitudes, dont certains sont similaires à ceux qui touchent d'autres sociétés pétrolières et gazières et d'autres sont propres à Suncor. Les résultats réels de Suncor pourraient différer de façon significative de ceux exprimés ou suggérés de manière implicite dans ses énoncés ou renseignements prospectifs. Le lecteur est donc averti de ne pas s'y fier indûment.

La notice annuelle et le rapport annuel aux actionnaires de Suncor, chacun daté du 25 février 2026, le formulaire 40-F, le rapport aux actionnaires pour le premier trimestre de 2026 daté du 5 mai 2026 et les autres documents que Suncor dépose périodiquement auprès des autorités en valeurs mobilières décrivent les risques, incertitudes et hypothèses significatives et les autres facteurs qui pourraient avoir une incidence sur les résultats réels et de tels facteurs sont intégrés par renvoi aux présentes. On peut se procurer ces documents en consultant le site Internet de Suncor à l'adresse suncor.com/fr-CA/FinancialReports ou sur SEDAR+ au sedarplus.ca ou sur EDGAR au sec.gov. Sauf dans les cas où les lois applicables sur les valeurs mobilières l'exigent, Suncor se dégage de toute intention ou obligation de mettre à jour ou de réviser publiquement ses renseignements de nature prospective, que ce soit en raison de nouvelles informations, d'événements futurs ou d'autres circonstances.

Le rapport aux actionnaires pour le premier trimestre de 2026 de Suncor, les états financiers et les notes (non audités) peuvent être téléchargés à partir du profil de la Société au sedarplus.ca ou au sec.gov ou du site Web de Suncor, au suncor.com/fr-CA/FinancialReports.

Pour écouter la webdiffusion portant sur les résultats du premier trimestre de Suncor, veuillez visiter suncor.com/webdiffusions. La webdiffusion sera archivée pendant 90 jours.

Suncor Énergie - la plus importante société énergétique intégrée du Canada
Les activités de Suncor couvrent l'ensemble de la chaîne de valeur énergétique, y compris l'exploitation des sables pétrolifères et les activités in situ, la valorisation, la production extracôtière, le raffinage du pétrole au Canada et aux États-Unis, la commercialisation et la négociation, ainsi que les réseaux nationaux de vente au détail et en gros de Petro-CanadaMC, fournissant une énergie fiable qui alimente la croissance économique et répond aux besoins des clients partout au Canada et à l'échelle mondiale. Fortement axée sur la sécurité, l'excellence opérationnelle et la rentabilité, Suncor s'engage à offrir une performance de premier plan dans le secteur et à créer de la valeur à long terme pour les actionnaires. Les actions ordinaires de Suncor (symbole : SU) sont inscrites à la Bourse de Toronto et à la Bourse de New York.

Pour en savoir plus sur Suncor, visitez notre site Web à suncor.com ou trouvez-nous sur LinkedIn, Instagram et Facebook.

Pour consulter la version originale de ce communiqué de presse, visitez le https://www.newsfilecorp.com/release/296066

Source: Suncor Energy Inc.

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Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/File Photo Purchase Licensing Rights, opens new tab

CompaniesMay 5 (Reuters) - Canada's Suncor Energy (SU.TO), opens new tab beat Wall Street estimates for first-quarter adjusted ​profit on Tuesday, driven by higher production and ‌throughput volumes.

The quarter was marked by geopolitical uncertainty and extreme volatility in global oil prices, which have surged more than 87% ​this year after the U.S.-Israeli war on Iran ​disrupted supply chains and damaged key energy infrastructure.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

Canadian ⁠oil and gas producers have steadily boosted output ​while lowering costs. Suncor and its peers have outperformed ​many global rivals amid macro uncertainty due to years of investment, making them North America's lowest-cost operators.

Suncor's upstream quarterly production rose to ​875,000 barrels per day (bpd) from 853,000 bpd a ​year earlier.

Its refinery throughput rose 15,000 bpd to 498,000 bpd during ‌the ⁠quarter, with utilization rates of 97%.

The Canadian producer benefited from incremental capacity additions and higher refining network nameplate capacity.

The company lowered its refinery utilization guidance to 90%–93% ​from 99%–102%, while ​keeping throughput ⁠guidance unchanged at 460,000–475,000 bpd.

Suncor also raised its projected share repurchases by over 30% ​and expects to buy back $4 billion worth ​of ⁠shares in 2026.

The Calgary, Alberta-based company posted an adjusted profit of C$1.93 ($1.42) per share for the quarter ended March ⁠31, ​compared with analysts' average estimate of ​C$1.79 per share, according to data compiled by LSEG.

($1 = 1.3617 Canadian ​dollars)

Reporting by Anushka Chourasia in Bengaluru; Editing by Tasim Zahid

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Calgary, Alberta--(Newsfile Corp. - May 5, 2026) - Suncor Energy (TSX: SU) (NYSE: SU) held its Annual General Meeting in Calgary today. A total of 842,465,674 shares (approximately 71.05% of outstanding common shares) were represented in person or by proxy.

Shareholders voted as follows on the matters before the meeting:

Shareholders elected the following ten board members (nine of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows: Ian R. Ashby 98.69%
Russell Girling 92.12%
Jean Paul (JP) Gladu 98.61%
Jennifer R. Kneale 99.16%
Richard M. Kruger 99.02%
Brian P. MacDonald 97.54%
Lorraine Mitchelmore 92.78%
Jane L. Peverett 97.98%
Christopher R. Seasons 98.70%
M. Jacqueline Sheppard 98.28%

Shareholders appointed KPMG LLP as Suncor's auditors. Management's approach to executive compensation (say on pay) disclosed in Suncor's management proxy circular dated February 25, 2026 was approved with 94.72% of shares represented at the meeting voting in favour. The resolution requesting Suncor prepare a report detailing the corporation's governance and oversight of its climate-related risks was denied with 80.39% of shares represented at the meeting voting against the proposal, in line with management's recommendation.Note: the biographies of Board members and further details about Suncor's corporate governance practices are available at suncor.com.

An archive of the meeting webcast will be available for the next 90 days at https://www.suncor.com/en-ca/investors/events-and-presentations.

Suncor Energy - Canada's leading integrated energy company
Suncor's operations span the full energy value chain, including oil sands mining and in situ operations, upgrading, offshore production, petroleum refining in Canada and the U.S., marketing and trading, and nationwide Petro-Canada™ retail and wholesale networks - delivering reliable energy that fuels economic growth and meets the needs of customers across Canada and globally. With an unwavering focus on safety, operational excellence, and profitability, Suncor is committed to delivering industry-leading performance and long-term shareholder value. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296099

Source: Suncor Energy Inc.

Suncor Energy Inc. (SU:CA) Q1 2026 Earnings Call Transcript

For Immediate ReleasesChicago, IL – May 12, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include  Cummins (CMI - Free Report) , Suncor Energy (SU - Free Report) , ASE Technology (ASX - Free Report) .

Here are highlights from Tuesday’s Analyst Blog:U.S. President Heads to China: Global Week AheadWhat happens across this Global Week Ahead?

Shuttle diplomacy reaches a peak, in the week to come, as U.S. President Donald Trump heads to China; and his Treasury Secretary visits Japan.Macro data from Anglosphere economies, the U.S. & U.K., and the Eurozone, could sharpen the contours of the Middle East conflict's economic impact.Oil production heavyweight Saudi Aramco, reports Q1 earnings results, against this brittle backdrop.
Next are Reuters’ five world market themes, re-ordered for equity traders—(1) Monday, U.S. Treasury Secretary Bessent visits Japan. Then heads to China.
Japan current account numbers on Wednesday and earnings from the Japanese megabanks out over the week will offer a pulse check on how the country's export-heavy economy is faring as the Iran war drags on.

On Tuesday, the Bank of Japan's April meeting summary will be released after not one but three dissenting voices — giving investors a closer look at how fractured the policy debate has become.

Bond investors will also digest sales of 10-year and 30-year Japanese government bonds, a test of appetite for long-dated debt after suspected official interventions in Tokyo to boost the yen over the last fortnight.

And U.S. Treasury Secretary Scott Bessent will meet Japan's prime minister, central bank governor, and finance minister, when he begins a visit to Japan on Monday, before heading to China.

(2) Across Thursday & Friday, May 14-15, President Trump visits Beijing, China.The U.S. President visits Beijing on ‌May 14-15, his first China visit in eight years.

He will try to lock in the trade truce agreed in October in South Korea, and avoid a rerun of the tit-for-tat tariff battle that he set off on "Liberation Day" in April 2025.

Taiwan could also feature when he meets Chinese President Xi Jinping.

The context is far from calm.

Chinese exports are booming, with the trade surplus at the end of 2025 roughly the size of the Dutch economy, while factory activity has expanded since the start of the Iran war at the end of February, private and official surveys show.

Trade data due this weekend should offer a reality check on whether a protectionist White House has managed to dent Americans' appetite for Chinese-made goods.

(3) On Tuesday, U.S. Consumer Price Index (CPI) data for April comes out.A data-heavy week ahead should give a clearer sense of how much the war-driven spike in energy prices is stoking inflation in the world's largest economy — and whether consumers are losing their appetite to spend.

Tuesday's U.S. April consumer price index is expected to rise +0.6% after March's +0.9% jump, the biggest increase in almost four years, according to a Reuters poll. Pump prices are likely to loom large in the numbers.

Producer price data for April on Wednesday is another inflation checkpoint after ‌the Fed’s last meeting exposed a more hawkish tilt among some policymakers who are increasingly uneasy about price pressures.

Retail sales figures on Thursday should show whether higher gas and other costs are starting to bite into household spending.

(4) On Sunday, the world’s biggest exporter of crude oil reported Q1 results.The world's biggest exporter of crude oil, Saudi Aramco, reported first-quarter results on Sunday. Profits jumped +26% for the quarter, beating expectations, but the continued closure of the Strait of Hormuz would reportedly cause ther global oil market to lose 100 million barrels of oil per week.

The more than two-month-old war in Iran has caused some 20 oil refineries in the region to be damaged or shut down, taking millions of barrels of capacity offline and pushing oil prices sharply higher.

Progress to end the war in the Middle East has been slow.

Clashes between U.S. and Iranian forces in the Gulf in recent days are endangering a month-old ceasefire and shaking hopes for a diplomatic solution.

All this comes as Washington awaits a response from Tehran to its proposal to end the conflict - an outline for a temporary agreement expected to leave many of the most contentious issues unresolved.

(5) On Thursday, U.K. March macroeconomic growth data lands.Investors will parse Britain's March growth data on Thursday for the first official signs of the extent of the economic damage from the Iran war.

The release coincides with the first-quarter figures, though those may flatter to deceive after a punchy February.

Britain looks vulnerable.

The IMF gave it the biggest growth downgrade among big economies for this year, cutting its forecast to +0.8% from +1.3%.

Borrowing costs have jumped more than anywhere else among the Group of Seven advanced economies as higher energy prices feed through.

Any signs of weakening growth would land at an awkward political moment. Local elections have dealt a blow to Prime Minister Keir Starmer's Labor Party, raising doubts about his leadership.

Markets will also watch for revisions in the second read-out of Eurozone growth first quarter on Wednesday, which had come in at a meagre +0.1%.

Zacks #1 Rank (STRONG BUY) StocksNext are three Zacks #1 (STRONG BUY) large-cap stocks, benefitting last week, from fresh covering analyst earnings upgrades.

(1) Cummins: This is a $683 a share stock, with a market cap of $94.2B.

It is found in Zacks Automotive – Internal Combustion Engine industry. The stock holds a Zacks Value score of D, a Zacks Growth score of B, and a Zacks Momentum score of A.

F12M P/E: 24.5.

Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products.

Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others.

Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 650 company-owned and independent distributor facilities in over 19,000 dealer locations in more than 190 countries and territories.

The acquisition of Meritor in 2022 has enhanced CMI’s position as a top provider of integrated powertrain solutions for both internal combustion and electric vehicles. This deal expanded Cummins’ components business, opening up new growth avenues.

Cummins has the following five operating segments:

The Engine segment (24.1% of consolidated net sales in 2025) produces diesel and natural gas-based engines for on-highway and industrial markets. The engines are used in heavy and medium-duty trucks, buses, recreational vehicles, and various industrial applications in the construction, mining, agriculture, marine, oil and gas, rail, defense and agricultural markets.

The Distribution segment(36.8%) is the company’s primary sales, service and support channel. It operates through a worldwide network of wholly owned, joint venture and independent distribution locations that offer a varied range of products and services, including power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines.

The Components segment (25.7%) has five businesses, namely, Emission solutions, Turbo technologies, Electronics and fuel systems, and Automated transmissions.

The Power Systems segment (12.2%) sells power generators, diesel and natural gas high-horsepower engines, and AC generator or alternator products for internal consumption and external generator set assemblers. The unit houses the Power Generation, Industrial and Generator Technologies product lines.

The Accelera segment(1.2%) designs, manufactures, sells, and supports hydrogen production systems, as well as electrified power systems, ranging from fully electric to hybrid, along with innovative components and sub-systems.

(2) Suncor Energy: This is a $64 a Canadian oil & gas stock, with a market cap of $75.4B.

This company is found in the Zacks Oil & Gas Integrated – Canadian industry. The stock holds a Zacks Value score of B, a Zacks Growth score of B, and a Zacks Momentum score of C.

F12M P/E: 9.5.

Suncor Energy, Inc. is a premier integrated energy company.

The company's operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining, and product marketing. Suncor is one of the largest owners of oil sands in the world.

The company has gained new oil sands properties to supplement its existing operations in northern Alberta.

Suncor's business can be divided into three main segments: Oil Sands, Exploration and Production, and Refining and Marketing.

Oil Sands segment mines and upgrades oil sands in Canada's Alberta province to produce refinery-ready synthetic crude oil.

Exploration and Productionincludes offshore operations off the east coast of Canada and in the North Sea, and onshore operations in Libya and Syria.

The company also owns oilfields in Sirte Basin in Libya and stakes in Elba gas development in Syria.

Refined products from refineries are marketed through Sunoco and Petro-Canada branded retail outlets.

(3) ASE Technology: This is a cheap $33 a share semi electronics stock, with a market cap of $74.1B.

It is found in the Zacks Electronics-Semiconductor industry. The stock holds a Zacks Value score of D, a Zacks Growth score of A, and a Zacks Momentum score of B.

F12M P/E: 31.8.

ASE Technology Holding Co Ltd. is a provider of semiconductor manufacturing services in assembly and testing.

The company develops and offers complete turnkey solutions covering front-end engineering testing, wafer probing and final testing as well as IC packaging, materials and electronic manufacturing services.

It operates primarily in Taiwan, China, South Korea, Japan, Singapore, Malaysia, Mexico, United States and Europe.

ASE Technology Holding Co Ltd, formerly known as ASE Industrial Holding Co., is based in Kaohsiung, Taiwan.

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On May 12, 2026, Suncor Energy Inc SU shares rose 4.0% today to $66.56, reflecting a strong price performance despite a 1-week decline of 4.4%. The stock has been volatile over the past year, with a 52-week range of $34.48 to $70.29.

GF Value™ verdict: The current price of $66.56 is 57.1% overvalued compared to the GF Value™ of $42.38.GF Score™: With a score of 72/100, Suncor Energy is rated as above average, indicating a generally favorable assessment based on various factors.Most notable signal: The company has had no insider transactions in the last 3 months, suggesting a lack of recent insider confidence in the stock. Is SU Overvalued or Undervalued? According to the GF Value™, Suncor Energy Inc is currently overvalued with a market price of $66.56 compared to its estimated fair value of $42.38. This results in a significant margin of safety risk, as shares are trading at a 57.1% premium to their intrinsic value. The GF Valuation label categorizes SU as significantly overvalued, indicating that investors may be paying too high a price for the stock relative to its underlying fundamentals.

Being overvalued poses risks for investors, as potential market corrections could lead to price declines. Moreover, the intrinsic value calculation, which considers historical trading multiples, past business growth, and future performance estimates, suggests that investors might want to approach this stock with caution.

How Does SU's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)17.4x9.8x Forward P/E11.7xN/A The current P/E ratio of 17.4x is significantly above its 5-year median P/E of 9.8x, indicating that Suncor is trading at a premium compared to its historical valuation. This P/E analysis agrees with the GF Value™ verdict, reinforcing the conclusion that the stock is overvalued at its current price level.

What Does SU's GF Score™ Tell Us? MetricRating GF Score™72 Financial Strength7/10 Profitability8/10 Growth4/10 Valuation3/10 Momentum3/10 The GF Score™ of 72/100 indicates that Suncor Energy exhibits above-average potential for long-term returns based on its financial metrics. The strongest areas are profitability, rated at 8/10, indicating solid operational efficiency, while valuation and momentum scores are the weakest at 3/10, aligning with the stock's current overvaluation status.

What Are Insiders Doing with SU Stock? There have been no insider transactions in the last three months for Suncor Energy Inc. This lack of activity may suggest that insiders do not currently perceive the stock as a favorable investment opportunity, reflecting potential caution about the company's future performance or current valuation.

What This Means for Investors Based on the GF Value™ assessment, Suncor Energy Inc is currently overvalued. Investors should be aware of the risks associated with purchasing shares at a premium price compared to intrinsic value, which may lead to potential losses if market conditions shift.

For the complete analysis, visit the Suncor Energy Inc SU stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is SU's GF Score™?

Suncor Energy Inc has a GF Score™ of 72/100, indicating above-average potential for long-term returns based on its financial metrics.

Is SU overvalued or undervalued?

SU is currently overvalued, with its market price of $66.56 representing a 57.1% premium over the GF Value™ of $42.38.

What is SU's P/E ratio?

The current P/E ratio for Suncor Energy Inc is 17.4x, which is significantly above its 5-year median P/E of 9.8x, indicating that the stock is trading at a premium compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

The S&P 500 now yields a record-low 1%, challenging dividend investors seeking quality high-yield opportunities. Traditional high-yield avenues like BDCs, discounted CEFs, and long-term treasuries present unattractive risk profiles in the current environment. Strong price appreciation in prior high-yield picks like Suncor nd Philip Morris has compressed yields, prompting profit-taking.

Key Takeaways Oil stays elevated in 2026 as tight inventories and Middle East risks keep Brent above $90 and near $100.The world needs reliable energy supply, and the current market shows how difficult that can be to maintain.Buy-rated MPC, NBR and SU with a Growth Score of A/B offer exposure to this broad theme. The energy market has changed quickly in 2026. Earlier in the year, investors were focused on whether crude prices could cool as diplomatic efforts around Iran gained traction. But by midyear, the picture has become far more complicated. Oil prices have remained elevated, with Brent trading above $90 per barrel and at times moving back toward or above the $100 mark as supply risks flare up. The market is now balancing tight inventories, Middle East supply risks, uncertain U.S.-Iran negotiations, China’s changing import behavior and the industry’s cautious approach to new investment.

That combination has created a volatile but potentially attractive setup for select energy growth stocks. Crude prices have moved sharply on headlines tied to the Strait of Hormuz, while U.S. crude, gasoline and distillate inventories have continued to decline. Even when oil prices pull back on hopes of a peace deal, they remain far from weak, with benchmarks still hovering in a range that can support healthy cash flows across much of the energy industry. Investors should know that tight supply conditions can support energy earnings even when sentiment swings from week to week.

Against this backdrop, Marathon Petroleum Corporation (MPC - Free Report) , Nabors Industries (NBR - Free Report) and Suncor Energy (SU - Free Report) stand out as three energy growth stocks to keep on the radar for the remainder of 2026.

Energy Is No Longer a Simple Oversupply Story

The energy sector spent much of the past year dealing with concerns about oversupply, weaker sentiment and uneven commodity prices. But the current setup looks different. The market is now being shaped by supply security, low inventories and the risk that global oil flows may take longer to normalize than investors expect.

Recent inventory data shows that U.S. crude stockpiles have fallen below seasonal norms. Gasoline inventories have also declined, while distillate supplies remain well below their five-year average. This suggests that demand for refined products remains firm at a time when the market has less room for error.

Geopolitics is adding another layer of uncertainty. Reports of progress in U.S.-Iran talks have pressured oil prices at times, as traders price in the possibility of a reopening of the Strait of Hormuz. But fresh military activity and continued doubts about any lasting agreement have kept the risk premium alive. This is why crude has struggled to settle into a lower range, with Brent often staying above $90 and moving near $100 whenever supply concerns intensify.

Even if a temporary deal is reached, tanker traffic, insurance costs and shipping confidence may not return to normal immediately. This means the second half of 2026 could remain volatile. But volatility does not always mean weakness. For well-positioned energy companies, it can also create opportunities.

Why Growth Still Matters in Energy

Growth in energy does not always look like growth in technology or consumer stocks. In this sector, growth can come from expanding production, improving refinery utilization, increasing drilling efficiency, reducing costs or generating stronger cash flows from existing assets.

That matters in today’s market because investors cannot rely on crude prices alone. Oil may rise above $100 on supply concerns one week and retreat toward the low-$90s on diplomatic headlines the next. Companies with their own growth drivers are better positioned to navigate that uncertainty.

For some, the growth story is tied to refining strength and demand for transportation fuels. For others, it is linked to drilling activity and the need for advanced oilfield technology. In the oil sands space, growth is increasingly tied to long-life reserves, integrated operations and disciplined capital allocation.

Here Are the Stocks

Now, selecting the right growth stock among the existing choices can really be a challenging task. Finding the correct growth stock for your portfolio is made easy by our new style score system.

In particular, our Growth Style Score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth. Our research shows that stocks with a Growth Style Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy), offer the best investment opportunities in the growth investing space.You can see the complete list of today’s Zacks #1 Rank stocks here.

Our shortlisted companies — Marathon Petroleum, Nabors Industries and Suncor Energy — offer different types of exposure to the same broad theme: the world still needs a reliable energy supply, and the current market is showing how difficult that supply can be to maintain.

Marathon Petroleum:Marathon Petroleum is a major U.S. energy company focused on refining, marketing, midstream services and renewable diesel. Its integrated network spans the Gulf Coast, Mid-Continent and West Coast, supported by strong logistics and access to key crude and product markets. The company aims to keep its assets safe and reliable while improving operations and commercial performance.

MPC also benefits from its relationship with MPLX, which supports natural gas and NGL growth and adds steady cash flow. In first-quarter 2026, MPC reported adjusted EBITDA of $2.8 billion and returned $1 billion to its shareholders, reflecting disciplined spending, solid cash generation and a clear focus on long-term value.

Marathon Petroleum beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, with the average being 49.5%. Over the past 60 days, the Zacks Consensus Estimate for the company’s 2026 earnings has gone up more than 75%. MPC carries a Zacks Rank of 1, with a Growth Score of B.

Nabors Industries:Nabors Industries is a global drilling and drilling-technology company serving oil and gas customers in major energy markets. It operates land and offshore rigs across the United States, Saudi Arabia and Latin America, supported by about 14,000 employees from more than 85 nationalities. The company combines drilling operations, rig technologies and drilling solutions to help customers drill safely, efficiently and consistently.

Its strategy centers on selective international growth, strong Lower 48 execution, technology-led services and debt reduction. Nabors Drilling Solutions uses the rig as a platform for performance software, data integration, automated casing running, managed pressure drilling and wellbore placement across both Nabors and third-party rigs.

Nabors has a market capitalization of $1.4 billion. The Zacks Consensus Estimate for 2026 earnings for the firm indicates 71.2% growth. This Zacks Rank #2 firm has a Growth Score of A.

Suncor Energy:Suncor Energy is an integrated energy company with a strong base in oil sands, refining, logistics and marketing. Its assets are closely connected, from upstream production to refineries, product sales and Petro-Canada retail sites, helping it capture value and manage market swings.

The company highlights long-life reserves, a 25-year oil sands reserve life and large contingent resources. It is also focused on safer operations, higher reliability and disciplined spending. By 2028, Suncor aims to grow production, lower its WTI breakeven and increase free funds flow, while continuing dividends and share buybacks for shareholders. These priorities support steadier performance across different business conditions.

The Zacks Consensus Estimate for 2026 earnings of Suncor indicates 114.2% growth. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, with the average being 6.9%. The #2 Ranked firm has a Growth Score of B.

A month has gone by since the last earnings report for Suncor Energy (SU - Free Report) . Shares have added about 1.9% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Suncor Energy due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Suncor Energy Inc. before we dive into how investors and analysts have reacted as of late.

Suncor Energy Q1 Earnings Miss Estimates, Revenues Beat, Both Up Y/YSuncor Energy reported first-quarter 2026 adjusted operating earnings of $1.41 per share, which missed the Zacks Consensus Estimate of $1.45 by 3%. This underperformance can be attributed to a 16.5% increase in total expenses and higher commodity input costs during the quarter. However, the bottom line increased from the year-ago quarter’s reported figure of 91 cents due to stronger downstream margins, higher upstream price realizations and increased sales volumes.

Calgary-based integrated oil and gas company’s operating revenues of $10.7 billion beat the Zacks Consensus Estimate of $8.9 billion by 19.53%. The top line increased approximately 23.2% year over year, aided by record refined product sales, higher refinery production and stronger benchmark crack spreads.

Suncor delivered a strong operating quarter, with record first-quarter upstream production of 875,200 barrels per day (bbls/d), up from 853,200 bbls/d in the year-ago quarter. Refining throughput also reached a first-quarter record of 497,800 bbls/d, compared with 482,700 bbls/d a year earlier, while refined product sales rose to a quarterly record of 680,900 bbls/d from 604,900 bbls/d in the prior-year period.

Management highlighted that the quarter reflected continued momentum from 2025, supported by record first-quarter upstream output, strong refinery performance and expanded product sales through domestic retail growth and global export opportunities.

Segmental PerformanceUpstream: Suncor delivered a strong operating quarter, with record first-quarter upstream production of 875,200 bbls/d, up from 853,200 bbls/d in the year-ago quarter. Moreover, the figure beat the consensus estimate of 868,000 bbls/d.

Total Oil Sands production was 798,800 bbls/d, up from 790,900 bbls/d in the year-ago quarter. Total Oil Sands bitumen production was 933,900 bbls/d, broadly comparable with 937,300 bbls/d in the prior-year period, and featured record quarterly production at Fort Hills. However, Syncrude maintenance and a third-party natural gas input pipeline curtailment weighed on production.

Net synthetic crude oil and diesel production declined to 519,300 bbls/d from 536,600 bbls/d a year earlier due to lower Syncrude upgrader availability. Non-upgraded bitumen production increased to 279,500 bbls/d from 254,300 bbls/d, primarily due to decreased upgrader availability.

Oil Sands adjusted operating earnings were C$1.57 billion, down from C$1.62 billion in the prior-year quarter, as higher operating expenses, share-based compensation, commodity input costs and asset advancement expenses more than offset improved price realizations and sales volumes.

Exploration and Production (E&P) production rose to 76,400 bbls/d from 62,300 bbls/d in the year-ago period, driven by strong production across assets. Adjusted operating earnings in the segment increased to C$382 million from C$158 million, primarily due to higher sales volumes and stronger price realizations.

Downstream: The segment was the key driver of the quarter’s strength. Adjusted operating earnings surged to C$1.68 billion from C$667 million in the prior-year quarter, primarily due to a significant FIFO inventory valuation gain, higher benchmark crack spreads and increased refinery production. Refinery utilization was 97%, up from 94% in the prior-year quarter, reflecting Suncor’s increased refining network nameplate capacity of 511,000 bbls/d.

Refined product sales climbed to 680,900 bbls/d, a 12.6% increase from 604,900 bbls/d in the prior-year quarter, supported by global export opportunities, retail growth and strategic partnerships. Moreover, the figure beat the consensus estimate of 594,000 bbls/d. On the earnings call, management noted that Suncor used its export capabilities and trading relationships to capture attractive margins in markets such as the Philippines and Puerto Rico.

Financial PositionTotal expenses increased 16.5% to C$118 billion from the prior-year quarter. Cost of purchases of crude oil and products increased to C$5.2 billion in the first quarter of 2026, compared with C$4.3 billion in the prior-year quarter. Cost and operating, selling and general increased 14.6% to C$3.8 billion from the prior-year quarter.

Suncor generated C$4.03 billion in adjusted funds from operations, up from C$3.05 billion in the prior-year quarter. Free funds flow increased to C$2.91 billion from C$1.90 billion. The company returned more than C$1.5 billion to its shareholders, including C$825 million in share repurchases and over C$700 million in dividends.

Capital expenditures totaled C$1.08 billion, broadly flat with the year-ago quarter. As of March 31, 2026, Suncor had cash and cash equivalents of C$3.27 billion and long-term debt of C$10.1 billion. Its debt-to-capitalization was 18.1%.

Guidance and Shareholder ReturnsSuncor updated its 2026 corporate guidance to reflect the 10% increase in refining network nameplate capacity to 511,000 bbls/d. Refinery throughput guidance has remained unchanged at 460,000-475,000 bbls/d, while refinery utilization guidance has been revised to 90-93% due to the larger capacity base.

This  company has also increased its planned monthly share repurchases from C$275 million to C$350 million, implying nearly C$4 billion in total 2026 buybacks, more than 30% up from 2025 repurchases. 

The company expects 2026 corporate guidance to reflect strong operational performance across its integrated energy portfolio. Total upstream production is projected between 840,000 bbls/d and 870,000 bbls/d, supported by Oil Sands output of 785,000-810,000 bbls/d and E&P production of 55,000-60,000 bbls/d.

Refinery throughput is anticipated to range from 460,000 bbls/d to 475,000 bbls/d, with utilization between 90% and 93%, and refined product sales of 600,000-620,000 bbls/d.

Cash operating costs are forecasted to remain competitive, with Oil Sands Operations at $26-$29 per barrel, Fort Hills at $33-$36 and Syncrude at $34-$37, reflecting continued efficiency improvements and disciplined cost management.

The company expects total capital expenditures in 2026 to be between $5.6 billion and $5.8 billion. Of this, approximately $2.6-$2.7 billion will be directed toward economic investment capital, funding projects that enhance efficiency, flexibility and resilience. Key allocations include $425-$475 million for Exploration & Production, $430-$460 million for new In Situ well pads and $1.74-$1.76 billion for other economic investments.

In addition, $3-$3.1 billion will be dedicated to asset sustainment and maintenance capital, supporting the base business and regular upkeep. This includes $2.1-$2.15 billion for Oil Sands, $875-$925 million for Downstream operations and $25 million for Corporate. Notable projects within this budget include West White Rose, Firebag and MacKay River well pads, Fort Hills North Pit, Petro-Canada retail growth and Mildred Lake East.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.

The consensus estimate has shifted 44.06% due to these changes.

VGM ScoresCurrently, Suncor Energy has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Following the exact same course, the stock was allocated a score of A on the value side, putting it in the top 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Suncor Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.