Suncor Energy releases third quarter 2026 financial results

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% to 66 cents per common share.

Suncor owns Petro‑Canada, which has a network of more than 1,700 retail stations and 300 Petro‑Pass wholesale locations nationwide, providing customers with a wide variety of fuel and service offerings.

More to come: Suncor is to host and analyst review webcast and Q&A November 4, 2026 at 8:30 a.m.