Suncor Energy

The US supreme court is hearing Suncor Energy’s bid, joined by ExxonMobil, to remove Boulder County’s state-level climate damages suit by arguing federal law preempts it. A ruling for the companies could halt dozens of similar state and local claims, while a decision allowing the case to proceed would keep Boulder’s trial in Colorado court. The court heard arguments as one justice recused and the Trump administration filed a supporting brief; a decision is expected next summer. » More on theguardian.com

Canadian energy stocks such as Suncor Energy, Canadian Natural Resources and Enbridge are seeing heavy trading volume, driven by analyst upgrades and headlines about US tariffs. Suncor was upgraded by Morgan Stanley; analysts see the greatest upside potential particularly in the energy sector. Among banks, share buybacks (Bank of Montreal), business restructurings (Royal Bank of Canada) and analyst upgrades (Bank of Nova Scotia) are in focus, while TD faces an important earnings test. Continued volatility in the energy sector and increased attention on bank payouts and quarterly results are expected. » More on de.investing.com

Suncor reported adjusted Q2 2026 earnings of $2.28 per share on revenue of $11.97 billion, both above analysts' expectations, and set a quarterly record with adjusted operating cash flow of CAD 5.3 billion. Net debt fell to CAD 4.5 billion, downstream AFFO reached CAD 2.3 billion, and refinery throughput and product sales hit record levels for a second quarter. Management increased monthly share buybacks from CAD 350 million to CAD 500 million and reaffirmed the full-year guidance despite weather-related upstream outages; the stock nevertheless fell about 2.3%. Risks remain from weather-related production disruptions, refining margins and the execution of planned maintenance. » More on de.investing.com

The board of directors of Suncor Energy has declared a quarterly dividend of $0.60 per common share. The payment will be made on September 25, 2026 to shareholders of record on September 4, 2026; all financial amounts are in Canadian dollars. » More on de.investing.com

Morgan Stanley analyst Devin McDermott cut his Suncor Energy price target from $65.37 to $64.66 but reaffirmed an Equal Weight rating, leaving an adjusted upside of more than 18%. The revision reflects lower energy price forecasts after recent oil price declines following an Iran–US memorandum of understanding. Goldman Sachs earlier downgraded Suncor to Neutral with a $72 target, while the company’s stock has roughly doubled since 2023 amid operational improvements under CEO Rich Kruger. » More on finance.yahoo.com