Suncor Energy Reports Decline in Q2 Profits Amid Market Challenges

RTTNews — Suncor Energy Inc. (SU.TO) revealed a drop in its second-quarter earnings compared to the previous year. The company's net income reached $1.134 billion, translating to $0.93 per share, down from $1.568 billion or $1.22 per share a year earlier. On an adjusted basis, Suncor posted earnings of $873 million, or $0.71 per share, for the quarter. Key financial figures for Suncor Energy Inc. (GAAP): - Net earnings: $1.134 billion, compared to $1.568 billion last year. - Earnings per share: $0.93, down from $1.22. The opinions expressed are those of the author and do not necessarily reflect the views of Nasdaq, Inc.