Suncor reported an adjusted profit of $1.48 per share for the quarter ended September 30, compared with the analysts’ average estimate of $1.08 per share.

Integrated oil and gas firm Suncor Energy SU-T beat third-quarter profit estimates on Tuesday, as higher production helped offset lower prices.

Canadian oil producers are also gaining from the expanded Trans Mountain pipeline, which opens access to global markets and lessens their dependence on the U.S. pipeline system.

The company’s total upstream production was at 870,000 barrels per day in the quarter, compared with 828,600 bpd a year earlier.

Suncor Energy tops profit estimates with higher production, as Canada’s oil sands sector remains resilient

Crude prices averaged $96.35 per barrel in the July-September quarter, down mo

See Full Page