Suncor Energy Inc
SymbolSU
Shares Issued1,558,900,869
Close 2009-11-05C$ 35.37
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Suncor Energy earns $929-million in Q3 2009

2009-11-06 11:04 ET - News Release

Mr. Rick George reports

SUNCOR ENERGY RELEASES FIRST QUARTERLY RESULTS FOLLOWING MERGER WITH PETRO-CANADA

Suncor Energy Inc. had third quarter 2009 net earnings of $929-million (74 cents per common share), compared with $815-million (87 cents per common share) in the third quarter of 2008. Operating earnings in the third quarter of 2009 were $288-million (23 cents per common share), compared with $810-million (87 cents per common share) in the third quarter of 2008. Cash flow from operations was $574-million in the third quarter of 2009, compared with $1,146-million in the third quarter of 2008.

"This was a milestone quarter in Suncor's history -- and a very productive one, as we closed our merger with Petro-Canada and started an extensive integration of our operations across the new company," said Rick George, president and chief executive officer. "The integration work we've completed in just a little over three months is already yielding some significant efficiencies that will enable Suncor to come out of this cycle stronger than ever as a globally competitive energy producer."

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