Earnings Miss, Cash Flow Beat, $1.0 billion Share Buyback Announced – written by Rob Mark, CFA

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Earnings Miss, Cash Flow Beat, $1.0 billion Share Buyback Announced – written by Rob Mark, CFA

01/08/2013

Suncor Energy(SU-TSX)

SU reported a messy Q2. EPS fell 25% to $0.62 and missed consensus of $0.64. CFPS, however, was $0.07 ahead of consensus at $1.49, flat year-over-year. We ascribe the difference in results to a greater impact from upstream (production) vs. downstream (refining) in the quarter.

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