Suncor posts record production in fourth quarter, adjusted profit nudges downward

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

CALGARY — Oilsands giant Suncor Energy Inc. has reported net earnings of $1.48 billion for the last three months of 2025, up from $818 million a year earlier.

That amounted to a profit of $1.23 per share, versus 65 cents a year earlier.

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Adjusted operating earnings, which Suncor considers a better gauge of its underlying performance because it filters out the effects of unusual items, were $1.33 billion, or $1.10 per share.

That’s a drop from the prior-year quarter, when Suncor had adjusted operating earnings of $1.57 billion, or $1.25 per share.

Operating revenues, net of royalties, were $12.04 billion for the period, down from $12.53 billion.

Total upstream production was a record 909,000 barrels per day, up from 875,000 in the same 2024 period.

This report by The Canadian Press was first published Feb. 3, 2026.

Companies in this story: (TSX:SU)