* Q2 oper profit C$934 mln vs C$1.25 bln a year ago
* Q2 oper profit per share C$0.62 vs estimate C$0.63
* Q2 cash flow per share C$1.49 VS C$1.51 a year ago
* Q2 oil sands production falls about 11 percent
July 31 Canada's Suncor Energy Inc
posted a second-quarter profit that missed analyst expectations
by a penny as earnings were affected by factors including the
precautionary shutdown of third-party pipelines due to flooding
in northern Alberta.
Net income for the quarter was C$680 million ($661.5
million), or 45 Canadian cents per share, up from C$324 million,
or 21 Canadian cents, in the second-quarter of 2012, Canada's
largest oil and gas company said late on Wednesday.
Operating profit, which excludes most one-time items, fell
25 percent to C$934 million, or 62 Canadian cents per share,
down from C$1.25 billion, or 80 Canadian cents a share, in the
year-earlier quarter. The result was below the average analyst
forecast of 63 Canadian cents per share according to Thomson
Suncor's cash flow, a glimpse of its ability to pay for new
projects, fell 4 percent to C$2.26 billion, or C$1.49 per share,
from C$2.34 billion, or C$1.51 a share.
Production from its oil sands operations fell about 11
percent to 276,600 barrels per day, while total output from its
operations in North America, the North Sea and north Africa was
about 8 percent lower at 500,100 barrels of oil equivalent per
The company said operating profit was impacted by planned
maintenance in oil sands and refining and marketing segments.
Also, Suncor said it faced additional production constraints
in oil sands due to unplanned third-party outages, including the
precautionary shutdown of third-party pipelines in response to
flooding in northern Alberta.
Suncor shares closed at C$32.46 on the Toronto Stock
Exchange on Wednesday. The shares have risen 5.9 percent over
the past 12 months, against a rise of 1.1 percent in the
exchange's main energy index.