Suncor first-quarter earnings jump to $2.1B as it reports record production

The Suncor Energy Centre picture in downtown Calgary, Alta., Friday, Sept. 16, 2022. (THE CANADIAN PRESS/Jeff McIntosh)

Oilsands giant Suncor Energy Inc. says its first-quarter net earnings came in at $2.1 billion, up from $1.69 billion in the same period a year earlier.

The profit amounted to $1.77 per share, higher than the $1.36 it earned per share during the first three months of 2025.

However, the earnings were lower than the average analyst estimate of $1.79, according to LSEG Data & Analytics.

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Gross revenues jumped to $15.42 billion for the three months ended March 31 from $13.33 billion in the same period a year earlier.

Suncor achieved record first-quarter upstream production of 875,200 barrels per day, up year-over-year from 853,200 barrels.

The Calgary-based company also said it had record refining throughput and refined product sales during the period.

This report by The Canadian Press was first published May 5, 2026.