Suncor Energy reported record adjusted funds from operations of C$6.7 billion for the third quarter of 2026, up 75% year over year. Strong upstream oil price realizations and improved downstream refining margins drove the result.
The company recorded third-quarter refined product sales of 677,000 barrels per day, a record for the quarter.
Suncor’s board approved a 10% increase in the quarterly dividend to C$0.66 per share. The company is also increasing monthly share repurchases by 50% to C$750 million.
Suncor returned more than C$2.0 billion to shareholders in the third quarter, including nearly C$1.4 billion in share buybacks and almost C$700 million in dividends.