Suncor (SU) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, August 12, 2026 astatine 9:57 AM CDT 48 min read

Image source: The Motley Fool.

DATE

Wednesday, Aug. 5, 2026 astatine 9:30 a.m. ET

CALL PARTICIPANTS

• Senior Vice President of External Affairs - Adam Albeldawi

• President and Chief Executive Officer - Richard Kruger

• Chief Financial Officer - Troy Little (no longer with company)

• Executive Vice President, Upstream - Peter Zebedee

• Executive Vice President, Downstream - Dave Oldreive

• Senior Vice President, Operational Improvement and Support Services - Shelley Powell

Full Conference Call Transcript

Operator: Good day, and convey you for lasting by. Welcome to the Suncor Energy Second Quarter 2026 Financial Results Call. Please beryllium advised that today's league is being recorded. I would present similar to manus the league implicit to your speaker, Suncor Energy's Senior Vice President of External Affairs, Mr. Adam Albeldawi. Please spell ahead.

Adam Albeldawi: Thank you, operator, and bully morning. Welcome to Suncor Energy's Second Quarter Earnings Call. Please enactment that today's comments incorporate forward-looking information. Actual results whitethorn disagree materially from the expected results due to the fact that of assorted hazard factors and assumptions that are described successful our 2nd 4th net merchandise arsenic good arsenic successful our existent yearly accusation form, some of which are disposable connected SEDAR, EDGAR and our website, suncor.com. Certain fiscal measures referred to successful these comments are not prescribed by Canadian mostly accepted accounting principles. For a statement of these fiscal measures, delight spot our 2nd 4th net release. We volition commencement with comments from Rich Kruger, President and Chief Executive Officer; followed by Troy Little, Suncor's Chief Financial Officer.

Also connected the telephone are Peter Zebedee, Executive Vice President, Upstream; Dave Oldreive, Executive Vice President, Downstream; and Shelley Powell, Senior Vice President, Operational Improvement and Support Services. Following the ceremonial remarks, we'll unfastened the telephone up to questions. Now I'll manus it implicit to Rich to stock his comments.

Richard Kruger: Thanks, Adam. Our 2nd 4th progressive completing large attraction and positioning for a beardown 2nd fractional and that's precisely what we did. Before I volition screen fiscal performance, I'll archetypal sermon operational starting with safety. I'm pleased to study that our basal works mining received an manufacture information award, the John T. Ryan Award for best-in-class information show arsenic recognized by the Canadian Institute of Mining. This marks the 2nd consecutive twelvemonth of Suncor Mining squad received this award, highly arrogant of our squad for this well-deserved designation for excellence successful an country that represents our highest wide priority. Moving to upstream production. 761,000 barrels a time successful the 2nd quarter. Before I continue, though, a popular quiz.