SU Earnings Prediction
The chart below shows how SU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SU sees a -0.99% change in stock price 10 days leading up to the earnings, and a +5.17% change 10 days following the report. On the earnings day itself, the stock moves by -0.86%. This data can give you a slight idea of what to expect for the next quarter's release.
SU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
12.89B
1.89%
-0.01%
Gross Margin
48.87%
-0.37%
4.24%
Operating Margin
21.35%
1.72%
12.90%
Net Margin
15.67%
28.34%
28.76%
EPS
1.59
33.61%
30.33%
No Data Available
SU Earnings Analysis
Suncor Energy, Inc. Corporation (SU.N) Earnings Conference Call
Positive
Record Refining Performance: 1. Record Refining Throughput: Suncor achieved a refining throughput of 488,000 barrels per day in Q3 2024, marking a 5% increase from the previous year and the highest quarterly throughput in company history.
Upstream Production Surge: 2. Significant Upstream Production Growth: The company reported upstream production of 829,000 barrels per day, a 20% increase year-over-year, making it the best third quarter in company history.
Maximized Upgrader Efficiency: 3. High Upgrader Utilization: Upgrader utilization reached an unprecedented 99% in Q3 2024, with each additional 1% utilization contributing an estimated $20 million in annual free funds flow.
Shareholder Returns and Operations: 4. Strong Financial Returns: Suncor generated $3.8 billion in adjusted funds from operations, equating to $2.98 per share, and returned $1.5 billion to shareholders through dividends and share repurchases.
Cost Reduction Success: 5. Successful Cost Management: Year-to-date total operating, selling, and general expenses were $9.65 billion, down $340 million compared to the previous year, while production and refining throughput increased significantly.
Negative
Wildfire Production Disruption: 1. Production Impact from Wildfires: In July, Suncor experienced a material production impact of 60,000 barrels per day due to wildfires affecting the Firebag site, which limited production capacity for the month.
Operating Costs Analysis: 2. Increased Operating Costs: Despite achieving record production levels, total operating costs for the year-to-date 2024 were reported at $9.65 billion, which is down only $340 million compared to the same period in 2023, indicating limited cost reduction relative to increased production.
Refining Margin Decrease: 3. Refining Margin Decline: The refining margins decreased, with the 5-2-2-1 refining index showing a decline of $0.65 per barrel compared to Q2, reflecting lower benchmark cracks and impacting profitability.
Turnaround Spending Analysis: 4. Turnaround Costs: Although turnaround activities were completed on budget, the total turnaround spend for the year is projected to be under $1 billion, which is still 20% lower than the prior five-year average, indicating ongoing high costs associated with maintenance and operational efficiency improvements.
Debt Management Issues: 5. Debt Management Challenges: While Suncor successfully completed a bond repurchase tender, retiring $1.1 billion in principal, the ongoing management of net debt around the $8 billion target remains a challenge, particularly with fluctuations in working capital affecting financial stability.
SU FAQs
How does SU typically perform around its earnings report dates?
Is Suncor Energy Inc. (SU) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
SU Earning Call Sentiment
Suncor Energy Inc. (SU) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SU.N
-0.46%Positive
The earnings call revealed strong financial performance with record high production and sales, significant debt reduction, and plans to return 100% of excess funds to shareholders. The Q&A highlighted positive management strategies and operational improvements, with no major concerns from analysts. The achievement of the net debt target and increased shareholder returns, combined with optimistic guidance and structural cost improvements, suggest a strong positive stock price movement. Despite the lack of clarity on some future metrics, the overall sentiment and strategic achievements indicate a >8% stock price increase.