Suncor Energy Inc. SU is set to report fourth-quarter 2025 earnings on Feb. 3, 2026, after the closing bell. The Zacks Consensus Estimate for earnings is pegged at 77 cents per share, and the same for revenues is pinned at $8.5 billion.
Let us delve into the factors that might have influenced SU’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter.
In the third quarter, this Alberta-based integrated oil and gas company’s earnings beat the consensus mark. SU reported earnings per share of $1.07, which beat the Zacks Consensus Estimate of 85 cents. This was primarily due to strong production growth in its upstream segment in the reported quarter. The company’s operating revenues of $9.2 billion beat the Zacks Consensus Estimate by 11.1%.
SU’s earnings beat the consensus estimate in each of the trailing four quarters, delivering an average surprise of 10.6%.
This is depicted in the graph below:
Suncor Energy Inc. price-eps-surprise | Suncor Energy Inc. Quote
The Zacks Consensus Estimate for fourth-quarter earnings has been revised 7% upward in the past 30 days. The estimated figure indicates a 13.5% year-over-year decrease. The Zacks Consensus Estimate for revenues implies a fall of 5.1% from the year-ago period.
Suncor Energy operates in three main areas. First, in its Oil Sands business, SU extracts and processes oil from Canada’s oil sands, producing crude oil and synthetic oil. Second, through its Exploration and Production segment, the company operates offshore oil and gas fields, producing and selling crude oil and natural gas. Finally, in its Refining and Marketing segment, Suncor Energy refines crude oil into products like gasoline and diesel. It sells these products through its retail gas stations and other distribution channels.
SU’s record third-quarter operational performance positions it well for the to-be-reported quarter. Industry-leading utilization across upstream and downstream assets, combined with faster, lower-cost turnarounds and flat operating costs despite higher volumes, should support stronger cash flow, margin resilience and predictable earnings even if oil prices remain volatile. In January 2026, Suncor Energy announced a record-breaking 2025 performance, in which it stated that it achieved its Investor Day performance targets, a year ahead of schedule, supported by the record operational performance, creating a positive trajectory for the company.
