Suncor Energy Inc. (NYSE:SU) is one of the best Canadian stocks to invest in according to billionaires.
On May 5, Suncor Energy reported strong results for FQ1 2026, generating over $4.0 billion in adjusted funds from operations and $2.9 billion in free funds flow
The company returned more than $1.5 billion to shareholders, consisting of $825 million in share repurchases and over $700 million in dividends. Management noted that these results were achieved while maintaining a disciplined capital spending program and a robust balance sheet. The quarter was defined by record-setting operational performance, including upstream production of 875,000 barrels per day (bbls/d).
Additionally, the company achieved its highest-ever Q1 refining throughput at 498,000 bbls/d and a record-breaking 681,000 bbls/d in refined product sales. These figures represent notable increases over the same period in the previous year. CEO Rich Kruger attributed this success to the company’s focus on high-performance execution and meeting its strategic commitments.