| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 85 | 12.9x | 17.8x | Top tier | |
Growth | 58 | 15.9% | 7.1% | Around median | |
Quality | 86 | 20.8% | 4.5% | Top tier | |
Safety | 83 | 0.5x | 2.6x | Top tier | |
Capital Return | 75 | 2.36% | 2.12% | Top tier | |
Momentum | 96 | 50.4% | 2.9% | Top tier | |
Sentiment | 75 | 6 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Suncor Energy operates across an integrated energy value chain that includes oil production from oil sands and offshore operations, bitumen upgrading, refining, and fuel marketing and sales through Petro-Canada, in addition to exporting diesel and jet fuel. This integration enables crude oil, bitumen, and diluent to be moved among Firebag, Syncrude, Base Plant, and the refineries, and products then to be directed to domestic or export markets according to available margins, reducing reliance on third parties and helping offset disruptions at one asset with other assets within the network.
In fiscal year 2025, Suncor recorded revenue of $52.4 billion, net income of $5.9 billion, and earnings per share of $4.85, compared with revenue of $54.9 billion, net income of $6.0 billion, and earnings per share of $4.72 in fiscal year 2024. The comparison reveals a decline of approximately 4.6% in revenue and approximately 1.7% in net income, with earnings per share rising by approximately 2.8%, while net income remained well below the $8.3 billion recorded in fiscal year 2023.
In Q2 of fiscal year 2026, adjusted funds from operations reached $5.3 billion, nearly double their level a year earlier, and matched the quarterly record set in Q2 of fiscal year 2022 despite the average WTI crude price being approximately $15 per barrel lower than in that quarter. Adjusted funds from operations per share reached $4.52, and the downstream segment posted a record $2.3 billion, equivalent to approximately 43% of total adjusted funds from operations; upstream production also reached 761 thousand barrels per day, refinery throughput was 471 thousand barrels per day, and product sales were 655 thousand barrels per day.
The analyst consensus is “Buy,” with an average target of $89 and a wide range between $72 and $106. The average target is approximately 27% above the 52-week range high of $70.29, while the highest target is approximately 51% above it, reflecting strong expectations but also increasing the valuation’s sensitivity to any decline in crude prices, refining margins, or execution of the production plan.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Adjusted funds from operations reached $5.3 billion, nearly double their level a year earlier, and matched the quarterly record set in Q2 of fiscal year 2022. The downstream segment posted a record $2.3 billion due to strong margins, trading, and exports, while refinery throughput reached 471 thousand barrels per day. These results came despite upstream production declining to 761 thousand barrels per day due to weather and Firebag maintenance.
The Fort McMurray region experienced its highest rainfall and snowmelt in more than 30 years, at a level 50% above the ten-year average. Management estimated the production impact at between 50 and 60 thousand barrels per day during Q2 of fiscal year 2026. Preliminary July 2026 data showed production recovering to approximately 870 thousand barrels per day after operating conditions returned to expected levels.
The downstream segment recorded adjusted funds from operations of $2.3 billion in Q2 of fiscal year 2026, exceeding its previous record by approximately $200 million. Product sales reached 655 thousand barrels per day, and jet fuel set a record at 51 thousand barrels per day. The company also exported 56 cargoes in the first half of 2026, approaching the total of 58 cargoes during all of fiscal year 2025.
Automated analysis for informational purposes only — not investment advice.
Suncor began fiscal year 2026 with a repurchase pace of C$275 million per month, then increased it to C$350 million in April 2026. In August 2026, it increased the pace to C$500 million per month, equivalent to C$1.5 billion per quarter if the rate continues. In Q2 of fiscal year 2026, the company returned approximately $1.1 billion through share repurchases, in addition to dividends of $706 million.
The company completed maintenance at Firebag plants 93 and 94 within 44 days in Q2 of fiscal year 2026, compared with 58 days for the comparable event in 2022. The cost declined to $118 million from $150 million, and the production impact fell to 60 thousand barrels per day instead of the 85 thousand included in the plan. The company also extended the next maintenance cycle for these two plants to five years from four years historically.
