CALGARY – 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.
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.
Companies in this story: (TSX:SU)
