05:32 PM EDT, 08/05/2025 (MT Newswires) -- Suncor Energy ( SU ) shares slipped in after-hours New York trading on Tuesday after it reported lower second-quarter profit and reduced its capital guidance for 2025.

The excluding one-time charges, the oil producer and refiner earned $873 million, or $0.71 per share, in the period, down from $1.63 billion, or $1.27 a year ago. FactSet expected $0.74 per share.

Adjusted funds from operations were $2.69 billion, or $2.20 per share, down from $3.40 billion, or $2.65, in the year-ago quarter.

In the second quarter, total upstream production was 808.1 thousand barrels per day, compared to 770.6 thousand barrels per day in the same period in 2024. Refinery utilization was 95%, up from 92% in Q2 2024.

The company also said it has lowered its 2025 full-year capital spending estimate from $6.1 to $6.3 billion to $5.7 to $5.9 billion, "reflecting strong execution performance and capital discipline."

The company's shares were last seen down US$0.21 to US$39.04 after hours. They closed up $0.19 to $54.05 on the Toronto Stock Exchange.