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Suncor Energy Inc. Message Board

  • bluecheese4u bluecheese4u Feb 6, 2013 1:41 AM Flag

    Suncor Energy reports fourth quarter results

    Suncor Energy reports fourth quarter results

    FOURTH QUARTER 2012

    Report to shareholders for the period ended December 31, 2012
    February 5, 2013
    Suncor Energy reports fourth quarter results
    All financial figures are unaudited and presented in Canadian dollars (Cdn$) unless noted otherwise. Production volumes are presented on a working-interest basis, before
    royalties, unless noted otherwise. Certain financial measures referred to in this document are not prescribed by Canadian generally accepted accounting principles (GAAP). For a
    description of these non-GAAP financial measures, see the Non-GAAP Financial Measures Advisory section in this Report to Shareholders (this document). See also the Advisories
    section of this document.
    • Operating earnings (1) of $1.000 billion ($0.65 per common share) and a net loss of $562 million ($0.37 per common
    share). Net loss includes an after-tax impairment charge of $1.487 billion for the Voyageur upgrader project.
    • Cash flow from operations(1) of $2.235 billion ($1.46 per common share).
    • Average Oil Sands segment production of 378,700 barrels per day (bbls/d). Total average production of 556,500 barrels of
    oil equivalent per day (boe/d).
    • Refining and Marketing caps record year for earnings and cash flow from operations, benefiting from lower feedstock cost
    from Suncor’s Oil Sands operations.
    • Sanction of the Hebron project offshore Newfoundland and Labrador.
    • Firebag complex achieves 72% production growth from the fourth quarter of 2011. Stage 4 final project costs anticipated
    to be approximately 15% below budget.

    suncorDOTcom/pdf/Suncor_Q4_2012_Report_en.pdf

    -------------------------------

    Download the Q4 2012 Investor Presentation (PDF, 27 pp., 3,539 KB)
    suncorDOTcom/pdf/Suncor_IR_Presentation_Q4_2012.pdf

 
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