CALGARY – Oilsands giant Suncor Energy Inc. reported net earnings of $3.8 billion during the third quarter, up from $1.6 billion during the same period last year.
On a per share basis, its profit amounted to $3.27, compared with $1.34 during the prior-year quarter.
Adjusted operating earnings, which Suncor considers a better gauge of its underlying performance because it filters out the effects of unusual items, were $4.6 billion, or $3.97 per share.
That’s up from last year’s third quarter, when Suncor had adjusted operating earnings of $1.8 billion, or $1.48 per share.
Total upstream production was 852.5 million barrels per day in the third quarter, down year-over-year from 870 million.
Subsequent to its third quarter, Suncor’s board of directors approved a dividend increase of 10 per cent to 66 cents per common share.
This report by The Canadian Press was first published Nov. 3, 2026.
Companies in this story: (TSX:SU)