Suncor Energy files annual disclosure documents and renews NCIB

Executive Summary

• Suncor Energy filed its 2025 Annual Report, Annual Information Form and 2026 Management Proxy Circular.
• The Toronto Stock Exchange approved a renewal of Suncor’s Normal Course Issuer Bid (NCIB) allowing the purchase of up to 118,700,000 common shares (≈10% of public float) from March 3 2026 through March 2 2027.
• Under the prior NCIB, Suncor repurchased 54,150,911 shares for approximately C$3.075 billion at a weighted‑average price of C$56.79 per share.

Key Details

• Annual Filings: 2025 Annual Report, 2025 Annual Information Form, and 2026 Management Proxy Circular are now publicly available on SEDAR+, the SEC website, and Suncor’s investor relations portal.
• NCIB Renewal Scope: Up to 118,700,000 common shares may be repurchased (≈10% of the public float of 1,187,545,672 shares as of 18 Feb 2026).
• NCIB Period: Effective 3 Mar 2026 – 2 Mar 2027.
• Previous NCIB Activity:
• Maximum allowable repurchase under prior NCIB: 123,800,000 shares (Mar 3 2025 – Mar 2 2026).
• Actual repurchases to date: 54,150,911 shares for ~C$3.075 billion; weighted‑average price C$56.79/share.
• Daily Purchase Limit: No more than 25% of the average daily trading volume over the prior six months (max 1,776,141 shares per day, based on an average volume of 7,104,566 shares).
• Purchase Mechanism: Open‑market purchases at market price; may also use other permitted methods. An automatic share purchase plan is expected to be in place starting 3 Mar 2026.
• Share Count Context: As of 18 Feb 2026, Suncor had 1,187,814,362 common shares issued and outstanding.

Notable Quotes

(No direct quotes were provided in the release.)