Record-Breaking Operational Performance
Suncor achieved record upstream production of 870,000 barrels per day and refining throughput of 492,000 barrels per day, with utilization rates exceeding 100% in multiple facilities.
Significant Cost Management Success
Operating costs remained flat despite increased production and sales. Turnarounds were completed at historically low costs and durations, leading to a new norm of under $1 billion for annual turnaround costs.
Dividend Increase and Consistent Share Buybacks
The Board approved a 5% dividend increase to $2.40 per share, and $750 million in share buybacks were conducted in the quarter, totaling 3.4% of the equity float for the year.
Improved Financial Metrics
Adjusted Funds From Operations (AFFO) reached $3.8 billion, second-highest in history despite lower oil prices. Free funds flow was $2.3 billion, highest since Q4 2022.
Upward Revision of 2025 Guidance
Production guidance was revised up to 845,000-855,000 barrels per day, refining throughput to 470,000-475,000 barrels per day, and refined product sales to 610,000-620,000 barrels per day.