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CALGARY — Shares in Suncor Energy Inc. rose almost six per cent after the oil giant increased its production and refinery throughput forecasts for the year and delivered better-than-expected third-quarter results.
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The stock was up $3.29 to $58.94 in midday trading on the TSX on Wednesday.
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Suncor says it expects to finish 2025 with oil and gas production ranging between 845,000 and 855,000 barrels per day, up from its August forecast of 810,000 to 840,000 bbls/d.
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The company also expects its refineries to handle between 470,000 and 475,000 barrels per day this year, an increase from its earlier forecast of 435,000 to 450,000 barrels.
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The company reported earnings per share for the three months ended Sept. 30 of $1.34 — a drop from $1.59 a year earlier, but handily beating the $1.10 analysts had been expecting, according to financial markets firm LSEG Data & Analytics.
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Suncor chief executive Rich Kruger says having the business tied together from mines and wells all the way through to fuel at the pump is key to the company’s success.
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“In today’s world of commodity price uncertainty and volatility, owning all the way through the customer is a competitive advantage,” Kruger told analysts on a conference call Wednesday.
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“All integration is not created equal … and our unparalleled integration is a part of our story and a part of our performance.”
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This report by The Canadian Press was first published Nov. 5, 2025.
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Companies in this story: (TSX:SU)
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