Oilsands giant Suncor Energy Inc. says its first-quarter net earnings came in at $2.1 billion, up from $1.69 billion in the same period a year earlier.
The profit amounted to $1.77 per share, higher than the $1.36 it earned per share during the first three months of 2025.
However, the earnings were lower than the average analyst estimate of $1.79, according to LSEG Data & Analytics.
Gross revenues jumped to $15.42 billion for the three months ended March 31 from $13.33 billion in the same period a year earlier.
Suncor achieved record first-quarter upstream production of 875,200 barrels per day, up year-over-year from 853,200 barrels.
The Calgary-based company also said it had record refining throughput and refined product sales during the period.
This report by The Canadian Press was first published May 5, 2026.
