Suncor Vitality (NYSE:SU) reported a higher than anticipated This autumn revenue on Tuesday, with adjusted working earnings of C$2.43B (US$1.82B), or C$1.81/share, in contrast with the C$1.76 analyst consensus estimate and almost double the C$1.29B, or C$0.89/share, within the year-ago quarter.

This autumn internet earnings rose to C$2.74B, or C$2.03/share from C$1.55B, or C$1.07/share, within the prior-year interval.

Suncor (SU) stated the improved outcomes have been resulting from greater crude oil costs and refined product realizations in addition to extra upstream manufacturing, partially offset by greater working bills.

This autumn complete upstream manufacturing elevated 2.6% Y/Y to 763.1K boe/day from 743.3K boe/day a 12 months in the past, primarily pushed by greater output from the corporate’s oil sands property.

This autumn refinery crude throughput totaled 440K bbl/day and its refinery utilization was 94%, in comparison with 447K bbl/day refinery throughput and 96% utilization within the year-earlier quarter, with the declines triggered largely because the Commerce Metropolis refinery in Colorado was knocked out by winter storm Elliott; the plant is predicted to return to regular manufacturing by the tip of Q1.

Suncor (SU) stated Syncrude upkeep in Q2 will have an effect on 40K bbl/day of its oil manufacturing for the quarter.

Suncor Vitality (SU) shares have gained 15% to this point this 12 months and 17% throughout the previous 12 months.