Canada's Suncor Q3 adjusted operating earnings jump on higher upstream prices
SU•Suncor's third-quarter adjusted operating earnings more than doubled year over year to C$4.63 billion, while adjusted funds from operations per share reached C$5.75. The company raised its quarterly dividend by 10% and increased monthly share repurchases to C$750 million.
1. Quarterly results
Suncor reported third-quarter net earnings of C$3.81 billion and adjusted operating earnings of C$4.63 billion, more than double the year-earlier level. Adjusted funds from operations per share were C$5.75. The company said higher upstream price realizations and downstream margins contributed to earnings growth.
2. Dividend and buybacks
Suncor raised its quarterly dividend by 10% and increased monthly share repurchases to C$750 million. It projects total 2026 share repurchases of C$5.5 billion.
3. 2026 outlook
The company maintained its 2026 corporate guidance ranges, as previously updated on August 4, 2026. Refined product sales reached a third-quarter record, supported by debottlenecking and increased export capacity.
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