Suncor releases transcript of Q2 2026 financial results call
Reuters2026/08/18 15:56- Suncor discussed second-quarter 2026 results on Aug. 5 with CEO Rich Kruger, CFO Troy Little, plus upstream and downstream executives.
- Adjusted funds from operations totaled CAD 5.3 billion, matching a record despite WTI averaging $93; net debt ended at CAD 4.5 billion.
- Shareholder returns reached CAD 1.8 billion; buybacks rose to CAD 500 million per month from CAD 350 million per month.
- Upstream production averaged 761,000 bpd; record precipitation cut an estimated 50,000-60,000 bpd; July output ran near 870,000 bpd.
- Downstream posted record AFFO of CAD 2.3 billion; 56 export cargoes shipped in H1; product sales averaged 655,000 bpd.
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