Suncor Energy: Q2 Earnings Snapshot
By AP News
Published - Aug 06, 2024, 06:12 PM ET
Last Updated - Aug 06, 2024, 06:12 PM EDT
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Suncor Energy Inc. (SU) on Tuesday reported second-quarter profit of $1.15 billion.
The Calgary, Alberta-based company said it had net income of 89 cents per share. Earnings, adjusted for non-recurring costs, were 93 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The energy company posted revenue of $9.53 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $8.36 billion.
