Suncor Energy Inc.

NYSE:SU Stock Report

Market Cap: US$79.4b

Suncor Energy Dividends and Buybacks

Dividend criteria checks 4/6

Suncor Energy is a dividend paying company with a current yield of 2.52% that is well covered by earnings. Next payment date is on 25th September, 2026 with an ex-dividend date of 4th September, 2026.

Key information

2.5%

Dividend yield

3.0%

Buyback Yield

Total Shareholder Yield5.5%
Future Dividend Yield2.6%
Dividend Growth7.4%
Next dividend pay date25 Sep 26
Ex dividend date04 Sep 26
Dividend per sharen/a
Payout ratio32%

Recent dividend and buyback updates

Recent updates

Seeking Alpha • Aug 13

Suncor Energy: Put It On Your Watch List For A Slightly Better Entry Point

Summary Suncor Energy (SU) delivers peer-leading results, underpinned by long reserve life, integrated operations, and robust capital returns. SU trades at a discount to major oil peers despite superior reserve longevity and consistent execution across commodity cycles. Recent quarterly highlights include 100K BOPD Y/Y production growth, $5.3B AFF, and $1.8B in shareholder returns via buybacks and dividends. I view SU as a foundational, buy-zone asset for long-term growth and income, with attractive entry points in the mid-$50s. Read the full article on Seeking Alpha
Seeking Alpha • Mar 26

Suncor Energy: Well Positioned To Survive U.S. Tariffs

Summary Suncor Energy, an integrated oil company, excels in oil sands, E&P, and refining/marketing, with significant investments in low-carbon operations. Despite challenges like high costs and geopolitical risks, Suncor remains competitive with strong sales, a low valuation, and a robust dividend yield. The Trans Mountain Pipeline reduces U.S. reliance, opening new markets and improving WCS pricing relative to WTI. Suncor's profitability and growth metrics are solid, making it potentially undervalued compared to peers, with a 13.8% FCF yield and a 4.37% dividend yield. Read the full article on Seeking Alpha
Seeking Alpha • Feb 15

Suncor: Prepare For Even Better Returns

Summary Suncor Energy has achieved its net debt target, enabling it to return more money to shareholders through dividends and buybacks, making it an attractive investment. Despite lower oil prices, Suncor reported strong Q4 results, with record production levels and impressive free funds flow, highlighting its operational efficiency. The macro environment appears moderately bullish, with postponed tariffs, potential favorable Canadian elections, and declining global oil inventories supporting a positive outlook for Suncor. Trading at a significant discount to its historical valuation, Suncor offers compelling dividend growth and total return opportunities, barring unlikely risks like oil price crashes or new tariffs. Read the full article on Seeking Alpha
Seeking Alpha • Jan 13

Suncor Sets New Records, Here's Why You Should Invest

Summary Suncor Energy Inc., a $50 billion Canadian integrated energy company, boasts reliable assets with a low decline rate, ensuring decades of reserves. The company plans $6.4 billion in 2024 capital expenditures, with production expected at 790k barrels/day and 94% refinery utilization. Suncor's low operating expenses and minimal maintenance needs enable strong cash flow and impressive shareholder returns. The main risk is oil price volatility, which could impact SU cash flow and shareholder returns, as seen during the 2020 downturn. Read the full article on Seeking Alpha
Seeking Alpha • Dec 20

Suncor: Maybe The Best Buying Opportunity One Might Get For A While

Summary Suncor's strong financials and ample oil reserves make it a buy at $35/share, with potential upside from higher oil prices and production growth. Canada's proposed emissions cap is unlikely to be implemented, reducing regulatory risks and potentially boosting Suncor's stock price. Suncor's profitability and production gains position it well against peers, despite current depressed oil prices and market volatility. I plan to buy Suncor shares at $35/share or under and sell incrementally if the price exceeds $45/share, with a solid 4.5% dividend making the wait for my thesis to play out more pleasant. Read the full article on Seeking Alpha
Seeking Alpha • Nov 13

Suncor Energy: Significant FCF Generation In Q3, Supported By Decline Rates In The Industry

Summary Suncor just reported the highest refining throughput in the company's history at 488,000 barrels per day, and the upstream segment also reported its best third quarter ever. The management change that occurred in 2023 led to a strategic review of the portfolio, and the improvements in operational efficiency are clearly visible by now. Suncor's asset base is characterized by a high level of integration along with a compelling concentration around low-decline oil sand mining assets. Using a free cash flow estimate of CAD$6.5 billion in 2024, Suncor is currently trading at a free cash flow yield of around 8.5%. Read the full article on Seeking Alpha
Seeking Alpha • Oct 16

Suncor Energy: The Best Is Yet To Come

Summary Suncor Energy is a high-quality Canadian oil company with strong results, a nice starting yield, and an undemanding valuation. Despite macroeconomic uncertainties, Suncor's operational performance is robust, with increasing production and significant cash flow generation. Suncor is reducing its debt and plans to enhance shareholder returns through dividends and aggressive buybacks. Suncor's low valuation and strong free cash flow yield make it an attractive investment for those seeking energy exposure and solid shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha • Sep 12

Cashing In On Suncor: A High-Yield Oil Play Too Good To Ignore

Summary Despite current oil price pressure, Suncor's integrated business model and cost efficiencies position it well for long-term success and substantial returns. Suncor is aggressively returning capital to shareholders through dividends and buybacks, supported by robust free cash flow and debt reduction. The company trades at an attractive valuation, offering a deep-value opportunity with significant upside potential as oil prices stabilize. Operational efficiencies, including advanced technologies and optimized production, enhance profitability, making Suncor a strong buy in the energy sector. Read the full article on Seeking Alpha
Seeking Alpha • Aug 11

Suncor's Growing Buybacks Can Push Shares Higher

Summary Suncor Energy shares have risen 28% in the past year, driven by strong capital returns and low-cost oil sands operations, as well as efficiency gains. Suncor reported solid Q2 earnings, beating expectations and benefiting from increased commodity prices and strong cost controls. Suncor's integrated business model, strong balance sheet, and increased buybacks make it an attractive investment with potential for share price growth. Read the full article on Seeking Alpha
Seeking Alpha • Jul 06

Suncor Energy: Soaring Buybacks And Dividends

Summary Suncor Energy Inc. offers appealing shareholder returns that continue to grow. Recent business performance shows strong profits and cash flows, with growth capital spending leading to record-high production levels. Suncor Energy's updated shareholder return framework includes an increased buyback pace and massive expected free cash flow per share growth in the coming years. Read the full article on Seeking Alpha
Seeking Alpha • May 19

Dividend Growth And Buybacks - Why Suncor Remains One Of My Best Ideas In Energy

Summary Canada's role in the global energy sector is essential due to its large reserves and low decline rates. Suncor Energy is a standout company in the sector with efficient operations, deep reserves, and impressive production growth. Shareholders can expect strong cash flow, rising dividends, and aggressive buybacks as debt levels decrease, making Suncor an attractive investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Apr 29

Suncor Energy: Still Not Too Late To Buy

Summary Suncor Energy stock is still attractive despite trading near a 52-week high. It trades at ~10x FWD P/E only, yet offers many profit catalysts. I expect increases in oil prices, improved capacity utilization rates, and contributions from recent acquisitions and capital improvement projects. Read the full article on Seeking Alpha
Seeking Alpha • Apr 17

Suncor Energy: Turnaround Story Not Reflected In The Share Price

Summary Suncor's new management is successfully transforming the company from hazardous to safe. Recent results show large improvements across all metrics. Suncor's integrated business model makes its free cash flow very resilient. An increase in shareholders' payout is on the horizon, with a large potential for dividend growth from the current 4.25% yield. A 5-year projection with a DCF valuation points to a target share price of C$67 or US$49, suggesting a 31% upside in the share price, making it a strong buy. Read the full article on Seeking Alpha
Seeking Alpha • Mar 12

Suncor Digs Out Strong Total Return With 6% Production Growth

Summary Suncor Energy predicts 6% production growth in 2024 and expects stronger refinery utilization. OPEC+ cuts, potential US demand increases, and Trans Mountain Pipeline capacity present opportunities for market access and better pricing. Fortress balance sheet, with a debt to EBITDA of under 1.0x and $4.6 billion in free cash flow. Read the full article on Seeking Alpha
Seeking Alpha • Feb 07

Suncor Energy Looks Undervalued Against Peers

Summary Suncor Energy's share price has fallen 3% in the past 5 years despite demand for oil only growing. Suncor Energy has significant reserves and falling net debt and is committed to shareholder returns via buybacks. It trades at a discount to peers that I believe is unwarranted and has a potential upside of 42% to reach fair value. Read the full article on Seeking Alpha
Seeking Alpha • Jan 09

3 Reasons Why We Prefer Whitecap Resources Over Suncor Energy Today

Summary On our previous coverage of Whitecap Resources, we suggested investors swap into Suncor Energy. Suncor Energy outperformed Whitecap Energy in terms of total returns, but the two stocks tracked each other closely. Today, we give you three reasons why Whitecap is a bit more appealing now. Read the full article on Seeking Alpha
Seeking Alpha • Jan 03

Suncor Energy: Integrated Model Makes Shares Attractive

Summary Suncor Energy's shares had a flat performance in 2023 due to declining commodity prices, but its integrated business model and strong free cash flow generation make it an attractive investment. The company's oil sands operations have been controversial but provide strong incremental cash returns, and its refining assets help reduce sensitivity to oil prices. Suncor expects modest growth in oil sands production and plans to invest in capital projects, while its refining assets are expected to continue performing well. Read the full article on Seeking Alpha
Seeking Alpha • Dec 18

Suncor Energy: An FCF Rockstar

Summary Suncor Energy is a strong performer in the oil and gas industry, generating substantial free cash flows and maintaining a balanced capital allocation approach. Despite a decline in revenue in 2023, Suncor is expected to benefit from industry tailwinds, which I describe in my analysis. My valuation simulation suggests the stock is 30% undervalued. Read the full article on Seeking Alpha
Seeking Alpha • Nov 28

Suncor Energy: Navigating Oil And Gas Challenges With Strong Fundamentals

Summary Suncor Energy is a respected company with a strong track record of increasing production and generating shareholder returns. The company's performance is closely tied to oil prices, and it is expected to benefit from increases in demand. Suncor has a steady increase in daily average production and strong free cash flow, which supports its ability to pay dividends and pursue growth opportunities. Read the full article on Seeking Alpha
Seeking Alpha • Nov 09

Suncor Energy's Shareholder Return Potential Is Impressive - 13% At $80 WTI

Summary US shale production is running out of steam, shifting power back to OPEC and making Canadian energy players more attractive. Suncor Energy is a major player in the Canadian energy sector, with efficient upstream and refining operations and a strong dividend. Suncor's strong financial performance, reduction in net debt, and potential for shareholder distributions make it an undervalued investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Oct 25

Suncor Energy: Oil Prices Spiking As This 4.5% Yield Beast Becomes A Buy

Summary Suncor Energy offers a double-digit upside potential with a price target above $42 per share. The company is well-prepared for long-term challenges in the oil industry and has a strong foothold in ensuring a sustainable energy future. Suncor's production levels and utilization rates have been growing, and the price of crude oil is expected to increase, indicating positive market conditions. Read the full article on Seeking Alpha
Seeking Alpha • Oct 17

Suncor Energy: 5 Reasons It's Going Higher

Summary Suncor has 26 years of oil reserves and can produce them profitably at an average price of $35 per barrel. Suncor has higher gross margins than other major oil companies due to its limited overseas exposure and minimal spending on exploration. The completion of the Trans Mountain Pipeline expansion will allow Suncor to ship oil to Asia, expanding its market. Read the full article on Seeking Alpha
Seeking Alpha • Sep 21

Suncor Energy Looks Golden

Summary Earlier this year, Shark Tank star Kevin O'Leary commented that energy stocks looked golden. In particular, he pointed out their robust cash flow and generous payouts. His thesis has worked out beautifully in the U.S. market so far. In this article, I will argue Canada’s leading energy stock, Suncor Energy Inc., looks golden too, probably even more so than its U.S. peers. Besides showing all the traits O’Leary praised (cash flow and distributions), its value-price gap is too large to ignore. Read the full article on Seeking Alpha
Seeking Alpha • Sep 14

Suncor Energy: Ride The Potential Global Oil Price Spike

Summary Suncor Energy is well-positioned for a potential oil price spike and has one of the best reserve life ratios in the industry. Suncor's latest quarterly results show steady production growth and ample reserves. The global supply/demand gap for oil is likely to persist, creating investment opportunities for Suncor. In the event that the oil price spike thesis gets delayed, Suncor is the stock to wait it out, given that many of its peers are currently experiencing a steady decline in upstream production, due to a lack of reserves. Read the full article on Seeking Alpha
Seeking Alpha • Aug 17

Suncor: A 5% Yield, Massive Buyback Potential, And Way Undervalued

Summary Suncor Energy, a Canadian integrated oil company, is poised for growth with efficient operations, substantial oil reserves, and plans to distribute excess cash to shareholders. SU generates substantial cash flow with a clear plan to reward shareholders through buybacks. It also has an attractive dividend yield. With a focus on operational improvements, increasing refinery utilization rates, and potential oil price growth, SU presents an attractive long-term investment opportunity. Read the full article on Seeking Alpha

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: SU's dividend payments have been volatile in the past 10 years.

Growing Dividend: SU's dividend payments have increased over the past 10 years.

Dividend Yield vs Market

Suncor Energy Dividend Yield vs Market
How does SU dividend yield compare to the market?
SegmentDividend Yield
Company (SU)2.5%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.1%
Industry Average (Oil and Gas)3.0%
Analyst forecast (SU) (up to 3 years)2.6%

Notable Dividend: SU's dividend (2.52%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: SU's dividend (2.52%) is low compared to the top 25% of dividend payers in the US market (4.08%).

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.7%), SU's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.2%), SU's dividend payments are well covered by cash flows.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 10:47
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Suncor Energy Inc. is covered by 43 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Cormark
Brent WatsonATB Cormark Historical (Cormark Securities)