Suncor Energy Q1 Earnings Miss Estimates, Revenues Beat, Both Up Y/Y

SU expects refinery throughput of 460,000-475,000 bbls/d with utilization of 90%-93%, and refined product sales of 600,000-620,000 bbls/d. The update is mainly operational guidance with no explicit surprise or directional catalyst, making it broadly neutral for investors.

Analysis

SU expects refinery throughput of 460,000-475,000 bbls/d with utilization of 90%-93%, and refined product sales of 600,000-620,000 bbls/d. The update is mainly operational guidance with no explicit surprise or directional catalyst, making it broadly neutral for investors.