Suncor Energy Inc (SU) Q1 2025 Earnings Call Highlights: Record Production and Strategic ...

GuruFocus News

Thu, May 8, 2025, 12:19 AM 4 min read

• Upstream Production: 853,000 barrels per day, highest archetypal 4th ever.

• Upgrader Utilization: 102%, 4th fourth retired of the past 5 astatine 99% oregon higher.

• Refining Throughput: 483,000 barrels per day, highest archetypal 4th successful institution history.

• Refining Utilization: 104%, 3rd consecutive 4th supra 100%.

• Refined Product Sales: 605,000 barrels per day, highest archetypal 4th successful institution history.

• Total Operating Costs: $3.3 billion, down $143 cardinal oregon 4.2% from the erstwhile year.

• Adjusted Funds from Operations: $3 cardinal oregon $2.46 per share.

• Adjusted Operating Earnings: $1.6 cardinal oregon $1.31 per share.

• Shareholder Returns: $1.5 billion, including $705 cardinal successful dividends and $750 cardinal successful stock buybacks.

• Net Debt: $7.6 cardinal astatine 4th end.

• Capital Expenditures: $1.1 billion, including $600 cardinal of economical investments and $500 cardinal of sustaining and attraction capital.

• Warning! GuruFocus has detected 5 Warning Signs with ARIS.

Release Date: May 07, 2025

For the implicit transcript of the net call, delight notation to the full net telephone transcript.

• Suncor Energy Inc (NYSE:SU) achieved its highest first-quarter upstream accumulation ever, with 853,000 barrels per day.

• The institution reported exceptional refining throughput and utilization, with a grounds 104% utilization rate.

• Suncor Energy Inc (NYSE:SU) has successfully reduced full operating costs by 4.2% compared to the erstwhile year, contempt higher production.

• The institution has made important advancement connected its three-year objectives, achieving 75% of its accumulation maturation people and 70% of its break-even simplification people wrong the archetypal year.

• Suncor Energy Inc (NYSE:SU) returned astir $1.5 cardinal to shareholders successful the archetypal quarter, including dividends and stock buybacks.

• The institution faced challenges owed to colder upwind conditions successful January and February, impacting operations.

• There is uncertainty successful the marketplace owed to fluctuating WTI prices, which person been astir $60 a barrel.

• Suncor Energy Inc (NYSE:SU) is dealing with the interaction of US tariffs and volatile crude and refined merchandise markets.

• The institution is undergoing a important turnaround and coke drum replacement project, which poses execution risks.

• Despite beardown performance, Suncor Energy Inc (NYSE:SU) is facing headwinds from ostentation and different economical factors.

Q: How did Suncor negociate operations during the challenging acold upwind conditions successful January and February? A: Richard Kruger, President and CEO, explained that Suncor has engineered its operations to beryllium resilient against highly acold weather. This includes winterizing refineries and ensuring haul trucks are equipped for acold conditions. The institution focuses connected not being a "weather taker" but a "weather maker," designing operations to grip specified variability effectively.