suncor profits 2019


"symbols": [ Net earnings were $2.729 billion ($1.74 per common share) in the second quarter of 2019, compared to $972 million ($0.60 per common share) in the prior year quarter and included a one‑time deferred income tax recovery of $1.116 billion ($0.71 per common share) to reflect the staged reduction of Alberta’s corporate income tax rate from 12% to 8% over the next four years. They also explore for, develop and market natural gas, operate a refining and marketing business in Ontario, and are actively involved in the development of renewable energy sources to help meet the energy needs of tomorrow. Total Syncrude cash operating costs were $599 million in the second quarter of 2019 and were comparable to $603 million in the prior year quarter. That makes for a weak quality of earnings, which is why despite what looked to be a solid performance by the company, the stock didn’t soar on the results. "s": "INDEX:TXCX",

Its profit margin also soared from 9.3% a year ago to a whopping 27%. Planned maintenance completed in the second quarter of 2019 included turnaround activities at the Sarnia and Montreal refineries, as well as major maintenance at the Edmonton and Commerce City refineries. Cash flow provided by operating activities, which includes changes in non‑cash working capital, was $3.433 billion ($2.19 per common share) in the second quarter of 2019, compared to $2.446 billion ($1.50 per common share) in the prior year quarter. Shares in Suncor Energy Inc. (TSX:SU)(NYSE:SU) have been selling off following last week’s earnings miss. }

Suncor Energy annual net income for 2019 was $2.185B, a 14.01% decline from 2018. In the second quarter of 2019, the company repurchased $552 million of its own shares for cancellation under the company’s normal course issuer bid, and returned $658 million of cash to shareholders through dividends. { Suncor Energy 2019 first quarter results (PDF, 68 pp., 267.7 KB) Listen to the first quarter 2019 results. Financial Statements and Notes (PDF, 55 pp., 335.5 KB). }, The company paid $658 million in dividends and repurchased $552 million of its common shares during the quarter. For further details and advisories regarding Suncor’s 2019 corporate guidance, see suncor.com/guidance. "d": "CDN Light Sweet"

TSX:SU $16.070 0.960. "title": "Indices",

No other changes have been made to Suncor’s guidance at this time. In addition, Suncor sold land and several related natural gas wells held in northeast British Columbia to Canbriam for proceeds of $24 million, with this transaction closing early in the third quarter of 2019.

Read the first quarter transcript (PDF, 16 pp., 96.7 KB) 2018 Q4. Production volumes at E&P were 111,700 boe/d in the second quarter of 2019, compared to 114,100 boe/d in the prior year quarter. "d": "WCS Heavy"

Gross Profit Margin is calculated using Gross Profit/Revenue. },

{ This is your chance to get in early on what could prove to be very special investment advice. Suncor’s second quarter 2019 operating earnings were $1.253 billion ($0.80 per common share), compared to $1.190 billion ($0.73 per common share) in the prior year quarter. ] Suncor Energy’s financial reports, including our current annual report and other filings, quarterly reports and archived annual reports for Suncor, Petro-Canada and Canadian Oil Sands. For Subscribers. } "d": "TSX Composite" "scaleFontColor": "#DADDE0", Production from oil sands is estimated within 410,000-440,000 bbls/d.

Cash flow provided by operating activities was $3.433 billion ($2.19 per common share) for the second quarter of 2019, compared to $2.446 billion ($1.50 per common share) for the second quarter of 2018. Total Oil Sands production during the second quarter of 2019 increased to 692,200 barrels per day (bbls/d), from 547,600 bbls/d in the prior year quarter. "tabs": [ Suncor’s fourth quarter 2019 operating earnings were $782 million ($0.51 per common share), compared to $580 million ($0.36 per common share) in the prior year quarter. Exploration expenses increased due to non‑commercial drilling results off the east coast of Canada and in the United Kingdom North Sea. Suncor’s 2019 capital program is focused on the enhancement and optimization of the company’s operating asset performance, safety and reliability, including projects focused on delivering increased earnings and funds from operations through further cost savings and structural margin improvements. Although Suncor posted a significant profit during the quarter, sales were actually down more than 3% from the prior year. TSX Stocks: 2 Stars With Reliable 5% Yields, Love High Dividend Yields? The increase was primarily due to lower planned Oil Sands maintenance, improved reliability at Syncrude and the ramp up of Fort Hills and Hebron production throughout 2018, partially offset by the impact of mandatory production curtailments in the province of Alberta, which began January 1, 2019. "belowLineFillColorFalling": "rgba(255, 74, 104, 0.05)",

"height": "700", This statistic displays the net income of Suncor Energy Inc. from 2011 to 2019. { ] 20-minute delay. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Just Released!

Suncor Energy Inc., Stock Price. { Please try again by refreshing your browser or contact us with details of your problem. Suncor Energy Gross Profit Margin (Quarterly): 1.28% for Dec. 31, 2019. "s": "UKOIL", Don't miss out! Suncor has revised its full year outlook range for capital expenditures to $4.9 – $5.4 billion, down from $4.9 – $5.6 billion to reflect the company’s continued focus on capital discipline, and Syncrude cash operating costs per barrel have been increased to $36.50 – $39.50 from $33.50 – $36.50 due to additional costs associated with driving sustained reliability improvements at Syncrude. As you can quickly see, there were some significant non-recurring items that had a drastic impact on Suncor’s overall results. The company had a remarkable net income of $2.7 billion, which was far and away better than the $972 million profit it posted a year ago. {

1.7 MB).

The company’s previously issued 2019 capital guidance included development spending associated with this project. },
Message to Shareholders (PDF, 7 pp. The Motley Fool Canada » Dividend Stocks » Suncor’s (TSX:SU) Profits Nearly Tripled in Q2: Why Didn’t the Stock Rally?

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