Suncor Energy Inc. says its net earnings rose to $3.8 billion in the third quarter from $1.6 billion in the same period last year.
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Suncor Energy Inc. reported net earnings of $3.8 billion for the third quarter, up from $1.6 billion during the same quarter last year.
On a per-share basis, the company’s profit was $3.27, compared with $1.34 in the prior-year quarter.
Suncor said adjusted operating earnings—what it describes as a better gauge of underlying performance that filters out effects of unusual items—were $4.6 billion, or $3.97 per share. That compared with $1.8 billion, or $1.48 per share, in last year’s third quarter.
The company reported total upstream production of 852.5 million barrels per day in the third quarter, down from 870 million barrels per day year over year.
After the third quarter, Suncor’s board approved a dividend increase of 10 per cent to 66 cents per common share.
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