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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 13.9B | 7.9% |
| Gross Profit | 6.3B | 15.8% |
| Cost of Revenue | 7.61B | 2.1% |
| Operating expense | 6.3B | 98.5% |
| Net Income | 2.02B | 28.8% |
| EBITDA | 4.63B | 10.3% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 90.7B | 0.3% |
| Total Liabilities | 45.6B | 0.7% |
| Total Equity | 45.1B | 1.3% |
| Shares Outstanding | 1.29B | 0% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 4.26B | 11.3% |
| Cash from financing | -1.93B | 10.2% |
EPS
Financial Highlights for Suncor Energy in Q3 '24
Suncor Energy reported a revenue of 13.9B, which is a 7.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 6.3B, marking a 15.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 7.61B, a 2.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 6.3B, showing a 98.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.02B, showing a 28.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 4.63B, showing a 10.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Suncor Energy with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
