Suncor Swings to Loss in Q4

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Suncor Energy Inc. ( SU ) reported fourth quarter 2012 net loss of $562 million, or $0.37 per share. In the same period last year, the company had a net income of $1.427 billion, $0.91 per share.

Cash flow from operations was $2.235 billion, $1.46 per share, compared to $2.650 billion, $1.69 per share, for the fourth quarter of 2011.

The company also revised its corporate guidance. Effective January 1, 2013, Suncor increased the nameplate capacity of the Edmonton refinery to 140,000 bbls/d from 135,000 bbls/d.

SU was up 12 cents to $34.65 in the after-hours market, trading near year high $37.37.

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This article appears in: Investing , Commodities


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