Suncor Energy Inc is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
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Under review: valuation models disagree too widely to rate.
Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.
Suncor Energy Inc valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $37.5bn, down 6.4% on a year earlier, against growth of 3.6% a quarter earlier. The diluted share count is down 4.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 4 financial-health checks.
Our model value for Suncor Energy is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Where it stands out: stock pay as % of revenue of 0.0% ranks 2 of 47 oil & gas exploration & production companies we cover. Where it lags: change in growth rate of -10.0pp ranks 46 of 57 oil & gas exploration & production companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -6.4% (-10.0pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for SU from the sources we follow. See filings →
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Suncor Energy Inc as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$38 ~$31–$57 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$69 ~$49–$100 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$77 ~$64–$98 | Included |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Suncor Energy Inc with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Next results: November 3, 2026, after the close.
No analyst estimates are published for Suncor Energy Inc: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $3.08 | $3.23 | +4.8% |
| Mar 2026 | $1.93 | $1.93 | −0.1% |
| Dec 2025 | $1.03 | $1.10 | +6.7% |
| Sept 2025 | $1.14 | $1.48 | +29.6% |
Adjusted EPS as companies report it, against the average analyst estimate.
How Suncor Energy Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.
There is not enough price history to measure realised volatility.
Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.
Not offered: fundamentals grade B (needs B+ or better).
We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.
Own 100 shares, sell the $80.00 call expiring December 18, 2026 (46 days) for $1.95 a share — $195 per contract.
Previous session · Bid $1.95, ask $2.40, quoted Mon 2 Nov, 17:36 New York time with SU at $75.76. Option prices move with the shares: check the live chain at your broker before trading.
Own the shares, buy the $70.00 put and sell the $80.00 call, both expiring December 18, 2026 (46 days).
Offered because the shares trade at or above our fair value of $61.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.
General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY16 Q4 | $20.4B |
| FY17 Q4 | $24.8B |
| FY18 Q4 | $30.1B |
| FY19 Q4 | $29.4B |
| FY20 Q4 | $18.7B |
| FY21 Q4 | $31.2B |
| FY22 Q4 | $48.4B |
| FY23 Q4 | $38.7B |
| FY24 Q4 | $40.1B |
| FY25 Q4 | $37.5B |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY17 Q4 | 21.7% |
| FY18 Q4 | 21.4% |
| FY19 Q4 | -2.4% |
| FY20 Q4 | -36.4% |
| FY21 Q4 | 67.0% |
| FY22 Q4 | 55.0% |
| FY23 Q4 | -20.0% |
| FY24 Q4 | 3.6% |
| FY25 Q4 | -6.4% |
| Fiscal year | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||
| Revenue | 20.4 | 24.8 | 30.1 | 29.4 | 18.7 | 31.2 | 48.4 | 38.7 | 40.1 | 37.5 |
| Net income | 0.3 | 3.4 | 2.5 | 2.2 | −3.2 | 3.3 | 7.0 | 6.1 | 4.4 | 4.2 |
| Diluted EPS | — | $2.07 | $1.56 | $1.40 | −$2.11 | $2.21 | $5.02 | $4.69 | $3.45 | $3.47 |
| Growth (year on year) | ||||||||||
| Revenue | — | +21.7% | +21.4% | −2.4% | −36.4% | +67.0% | +55.0% | −20.0% | +3.6% | −6.4% |
| Net income | — | — | −26.0% | −14.1% | −247.4% | — | +112.4% | −11.9% | −28.5% | −3.6% |
| Diluted EPS | — | — | −24.5% | −10.1% | −250.5% | — | +127.2% | −6.6% | −26.5% | +0.7% |
| Margins | ||||||||||
| Net margin | 1.6% | 13.9% | 8.4% | 7.4% | −17.2% | 10.5% | 14.4% | 15.9% | 11.0% | 11.3% |
| Cash flow | ||||||||||
| Stock-based pay | 0.1 | 0.0 | −0.1 | 0.0 | −0.2 | 0.2 | 0.3 | 0.1 | −0.0 | 0.0 |
| Balance sheet | ||||||||||
| Cash | 2.2 | 2.1 | 1.6 | 1.5 | 1.5 | 1.7 | 1.5 | 1.3 | 2.4 | 2.7 |
| Total debt | 13.0 | 12.4 | 12.7 | 13.9 | 17.0 | 14.4 | 11.5 | 8.8 | 7.2 | 7.3 |
| Net debt (negative = net cash) | 10.7 | 10.3 | 11.1 | 12.4 | 15.5 | 12.6 | 10.1 | 7.5 | 4.8 | 4.6 |
| Diluted shares | 1,612m | 1,665m | 1,629m | 1,561m | 1,526m | 1,489m | 1,390m | 1,310m | 1,276m | 1,220m |
| Returned to shareholders | ||||||||||
| Dividends | 1.4 | 1.6 | 1.8 | 2.0 | 1.2 | 1.2 | 2.0 | 2.0 | 2.0 | 2.0 |
| Buybacks | — | — | — | 1.7 | 0.2 | 1.8 | 3.9 | 1.7 | 2.1 | 2.2 |
| Total returned | 1.4 | 1.6 | 1.8 | 3.7 | 1.5 | 3.1 | 5.9 | 3.7 | 4.2 | 4.3 |
| Last 12 months unless stated | SU | CVE | CNQ | EOG | COP | DVN | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $37.5bn | $35.6bn | $27.8bn | $27.0bn | $63.3bn | $19.7bn | $1.4bn |
| Revenue growth, last 12 months | −6.4% | −10.2% | 6.6% | 19.1% | 9.6% | 14.6% | 10.6% |
| Revenue growth, 3-year average | — | — | — | 1.4% | −1.7% | 5.0% | 1.4% |
| Revenue growth, latest quarter | — | — | — | 57.4% | 36.8% | 73.1% | 31.5% |
| Gross margin | — | — | — | — | 62.0% | 63.5% | 75.2% |
| Operating margin | — | — | — | 32.9% | — | 22.5% | 21.1% |
| Operating margin, 3-year average | — | — | — | 34.4% | — | −48.4% | 16.5% |
| Net margin | 11.3% | 7.9% | 27.9% | 25.4% | 14.7% | 16.7% | 10.1% |
| Cash from operations / revenue | — | 16.6% | 39.0% | 49.4% | 34.6% | 43.5% | 42.4% |
| Free-cash-flow margin | — | −4.0% | 14.8% | 26.6% | 16.0% | 23.9% | 19.3% |
| Free-cash-flow margin, 3-year average | — | — | 19.8% | 24.5% | 17.6% | 20.7% | 19.1% |
| Stock pay / revenue | 0.0% | — | 0.5% | 0.9% | — | 0.7% | 1.5% |
| Change in share count | −4.4% | −2.3% | −2.0% | −3.5% | 0.3% | 9.9% | 0.4% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -6.4% | 10.6% | 45 of 57 |
| Change in growth rate Growth | -10.0pp | +4.9pp | 46 of 57 |
| Net margin Profitability | 11.3% | 10.1% | 27 of 57 |
| Stock pay as % of revenue Cash generation | 0.0% | 1.2% | 2 of 47 |
| Long-term debt as % of assets Balance sheet | 10.0% | 17.6% | 7 of 43 |
| Change in share count Balance sheet | -4.4% | 0.4% | 6 of 48 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Royal Bank Of Canada | $3.6B | 66.5M | 8.3% | ▲ 3.9% |
| Bank Of Montreal | $2.3B | 42.6M | 5.3% | ▲ 16.7% |
| Vanguard Capital Management LLC | $1.8B | 34.2M | 4.3% | 0.0% |
| Elliott Investment Management L.P. | $1.6B | 29.5M | 3.7% | ▼ 44.1% |
| Fil Ltd | $1.6B | 28.8M | 3.6% | ▼ 0.8% |
| Arrowstreet Capital, Limited Partnership | $1.4B | 26.7M | 3.3% | ▲ 2.5% |
| Dodge & Cox | $1.4B | 25.4M | 3.2% | ▼ 3.4% |
| FMR LLC | $1.2B | 22.8M | 2.8% | ▼ 16.2% |
| Mackenzie Financial Corp | $1.1B | 14.1M | 2.5% | ▼ 0.4% |
| TD Asset Management Inc | $1B | 19.1M | 2.4% | ▼ 25.1% |
| 1832 Asset Management L.P. | $921M | 17.2M | 2.1% | ▲ 5.9% |
| Principal Financial Group Inc | $856M | 15.9M | 2.0% | ▼ 9.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Suncor Energy Inc's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
No trades in Suncor Energy Inc disclosed in the last 12 months; 39 earlier trades on record.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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