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Market Impact: 0.38

Suncor Energy Q1 Net Income Rises

SU
Corporate EarningsCompany FundamentalsEnergy Markets & Prices

Suncor Energy reported first-quarter net income of C$2.1 billion, up from C$1.7 billion a year ago, with EPS rising to C$1.77 from C$1.36. Adjusted operating earnings increased to C$2.3 billion from C$1.6 billion, and adjusted operating EPS came in at C$1.93. The results indicate improved operating performance and should be modestly supportive for the stock.

Analysis

Suncor Energy reported first-quarter net income of C$2.1 billion, up from C$1.7 billion a year ago, with EPS rising to C$1.77 from C$1.36. Adjusted operating earnings increased to C$2.3 billion from C$1.6 billion, and adjusted operating EPS came in at C$1.93. The results indicate improved operating performance and should be modestly supportive for the stock.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.45

Ticker Sentiment

SU0.60