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Suncor Energy reports third quarter 2026 results
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Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are presented on a working-interest basis, before royalties, except for production values from the company’s Libya operations, which are presented on an economic basis. Certain financial measures referred to in this news release (adjusted funds from operations, adjusted operating earnings, free funds flow, and net debt) are not prescribed by GAAP. See the Non-GAAP Financial Measures section of this news release. References to Oil Sands operations exclude Suncor Energy Inc.’s ownership of Fort Hills and interest in Syncrude.
Calgary, Alberta–(Newsfile Corp. – November 3, 2026) – Suncor Energy (TSX: SU) (NYSE: SU)
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Generated record quarterly adjusted funds from operations of $6.7 billion and free funds flow of $5.2 billion.
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Returned more than $2.0 billion to shareholders, with nearly $1.4 billion in share repurchases and nearly $700 million in dividends.
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Leveraged unparalleled integration through record bitumen transfers, supporting strong upstream production of 853,000 bbls/d.
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Achieved record third quarter refined product sales of 677,000 bbls/d, backed by strong refining throughput of 488,000 bbls/d.
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Subsequent to the quarter, monthly share repurchases increased by 50% to $750 million.
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Subsequent to the quarter, increased the quarterly dividend by 10% to $0.66 per share.
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Agreement reached to divest non-core offshore assets including Terra Nova, White Rose and West White Rose.
“The third quarter was highlighted by record adjusted funds from operations and the ingenuity of our teams, who continue to find new ways to create value through our unparalleled integration, most recently by sustaining Edmonton refinery throughput during a turnaround,” said Rich Kruger, Chief Executive Officer. “Our confidence in the continued earnings power and resiliency of our business has allowed us to increase our dividend and our monthly share repurchases, while also returning tremendous value to Canadians with significantly higher royalty payments and income taxes.”
