Suncor sells offshore assets and Suncor Energy stock costs EUR 65.08
Published on 10/12/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Suncor agreed on October 4, 2026, to sell three offshore interests for CAD 1.2 billion upfront plus CAD 350 million contingent cash.
- Monthly share repurchases rise from CAD 500 million to CAD 750 million beginning in October 2026.
- Suncor Energy stock was trading at EUR 65.08 at Lang & Schwarz on October 12, 2026, at 11:37 a.m. CEST.
- Second-quarter 2026 net income reached CAD 3.7 billion, while first-quarter revenue totaled CAD 14.5 billion.
Suncor Energy (ISIN CA8672241079) was trading at EUR 65.08 at Lang & Schwarz on October 12, 2026, at 11:37 a.m. CEST. On October 4, 2026, the company agreed to sell three Canadian offshore interests for CAD 1.2 billion upfront and up to CAD 350 million in contingent payments, according to Reuters.
What does the sale change?
The transaction covers Suncor's 48% interest in Terra Nova, 40% interest in White Rose and 38.6% interest in West White Rose. Ithaca Energy will also assume CAD 1.4 billion in estimated abandonment and lease liabilities, while Suncor keeps its interests in Hebron and Hibernia, Reuters reported on October 4, 2026.
The portfolio move is paired with a capital-return increase. BOE Report said on October 4, 2026, that monthly share repurchases would rise from CAD 500 million to CAD 750 million beginning in October 2026. The higher authorization shifts more of the deal proceeds toward shareholder returns, although the sale still requires regulatory approvals and partner consents before an expected early 2027 closing.
Three results frame the move
On May 6, 2026, Suncor reported first-quarter revenue of CAD 14.5 billion, net income of CAD 2.10 billion and earnings per share of CAD 1.77, according to Simply Wall St. Revenue rose 18.00 percent from the first quarter of 2025, while net income increased 24.00 percent.
On August 5, 2026, second-quarter net income reached CAD 3.70 billion, nearly three times the prior-year figure, and refinery throughput hit 470,600 barrels per day, Simply Wall St reported. The comparison matters because the asset sale reduces offshore exposure while management continues to rely on integrated oil sands and refining operations for cash generation.
Dates investors can track
Investing.com lists November 11, 2026, as Suncor's next earnings date. Simply Wall St identifies November 15, 2026, as the target date for binding agreements tied to the Pathways carbon capture project, adding a second scheduled point for the oil sands strategy.
Stock price stays near the daily level
The Lang & Schwarz quote stood at EUR 65.08 on October 12, 2026, at 11:37 a.m. CEST. The Xetra closing reference required for a percentage comparison was not used, so the article states the current euro price without a daily change.
The further course of trading is shown by the continuously updated real-time quote of Suncor Energy stock.
Suncor Energy stock facts
- Company: Suncor Energy Inc.
- ISIN: CA8672241079
- Ticker: SU
- Price Lang & Schwarz as of October 12, 2026, 11:37 a.m. CEST: EUR 65.08
- Market capitalization: USD 85.3 billion (as of October 9, 2026)
- 52-week range: USD 37.77-72.46 (as of October 9, 2026)
- Sector / Industry: Energy / Oil and Gas Integrated
- Next earnings date: November 11, 2026
Market context: Market report S&P/TSX Composite.
