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Suncor Energy tops second-quarter profit estimates on higher production
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Suncor Energy tops second-quarter profit estimates on higher production
Aug 5, 2025 2:43 PM

Aug 5 (Reuters) -

Canadian oil producer Suncor Energy ( SU ) exceeded

analysts' second-quarter profit expectations on Tuesday, as

higher output helped offset the impact of weak commodity prices.

Even as volatility in oil prices drives the broader energy

industry into a downturn, Canada's oil sands sector remains

resilient.

Canadian producers are benefiting from the expansion of

the

Trans Mountain pipeline

, which increased capacity to 890,000 barrels per day.

Suncor's upstream quarterly production rose to 808,100

barrels per day (bpd) from 770,600 bpd a year ago.

Its refinery throughput climbed to 442,000 bpd during

the quarter, while refinery utilization improved to 95% from 92%

a year earlier.

The Calgary, Alberta-based company reported an adjusted

profit of 71 Canadian cents per share for the quarter ended June

30, beating analysts' average estimate of 69 Canadian cents per

share, according to data compiled by LSEG.

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