05:20 PM EST, 02/05/2025 (MT Newswires) -- Suncor Energy ( SU ) (SU.TO, SU) on Wednesday said its fourth-quarter profit fell 4.2% despite higher oil production

The oil producer and refiner said its adjusted earnings, excluding most one-time items, fell to $1.57 billion, or $1.25 per share, down from $1.64 billion, or $1.26, in the year-prior quarter.

Adjusted funds from operations fell 13% to $3.49 billion, or $2.78, from $4.03 billion, or $3.12.

Revenue was not disclosed.

Production from the company's oil-sands operations rose to a record 817,500 barrels per day from 757,400 bpd a year earlier.

"Performance records were set across the company in both the quarter and for the full year, including records in upstream production, refining throughput, refined product sales and asset utilization. In addition, personnel safety and operational integrity were at or near best-ever annual performance levels.," chief executive Rich Kruger said in a release.

Suncor shares closed up $0.79 to $55.44 on the Toronto Stock Exchange.