After market, Suncor (SU.TO, SU) reported a beat with its Q2 24 results. Average production of 771 mboe/d (down 8% Q/Q; plus 4% Y/Y) was ahead of both National Bank's forecast of 735 mboe/d and the Street at 734 mboe/d. Headline CFPS of $2.65 (+8% Q/Q; +31% Y/Y) was a beat compared to both NBF and consensus estimates of $2.28. Total cash flow in the quarter was $3,397 million (NBF $2,963 million). "The delta appears to be driven by outperformance across the portfolio, with a particular emphasis on the oil sands," Suncor said. Capital spending was $1.96 billion (excl. capitalized interest), which compared to National's estimate of $1.83 billion and the Street at $1.97 billion. National reiterated its Outperform rating and $75.00 target price, which is based on an equally weighted 1.0x the bank's $73.19 NAV (50%) and a 6.0x 2025e EV/DACF multiple (50%).

COSCIENS Biopharma Inc. (formerly Aeterna Zentaris Inc.) (NASDAQ and TSX: AEZS), a specialty biopharmaceutical company developing and commercializing a diversified portfolio of pharmaceutical and diagnostic products and active ingredients for healthcare and cosmetics industries, announced that the company's name has been changed from Aeterna Zentaris Inc. to "COSCIENS Biopharma Inc.", effective as of August 6, 2024.

K-Bro Linen Inc. (KBL.TO) said Q2 consolidated revenue increased 15.8% compared to Q2 2023, with healthcare revenue having increased by 5.5% and hospitality revenue by 28.9%. Adjusted net earnings increased by $1.4 million to $6.2 million compared to $4.8 million.

Magellan Aerospace Corporation (MAL.TO) reported revenue in the second quarter of 2024 of $242.9 million, a $23.2 million increase from the second quarter of 2023 revenue of $219.7 million. Gross profit and net income for the second quarter of 2024 were $26.6 million and $7.4 million, respectively, in comparison to gross profit of $23.0 million and net income of $2.0 million for the second quarter of 2023.

Maxim Power Corp. (MXG.TO) said during the second quarter and first six months of 2024, revenues increased, while Adjusted EBITDA and net income decreased as compared to 2023. Revenue increased primarily due to Milner 2 continuing operations in the second quarter and first six months of 2024, while it was offline in the comparable periods of 2023 due to the non-injury fire that occurred at Milner on September 30, 2022. The company added decreases to net income and Adjusted EBITDA in the second quarter and first six months 2024 were primarily due to the cessation of business interruption claims in 2024, partially offset by the net impacts of operations of M2 in 2024 as compared to the same period in 2023 during which it was offline due to the Non-Injury Fire. Average realized power prices compared to average market power prices were lower in the first six months of 2024, primarily due to an unplanned outage in January 2024 at M2 coinciding with higher market power prices.

Orezone Gold Corporation (ORE.TO) reported Q2 adjusted earnings per share attributable to shareholders of US$0.01 compared to $0.03 a year earlier. Patrick Downey, President and CEO, in a statement said: "Second quarter results were impacted by lower-than-expected grid power availability, and by lower scheduled head grades per the 2024 mine plan. Operating and financial results are anticipated to be significantly stronger in the second half of 2024 as mining ramps up in our newest mining areas, Siga East and Siga South, which will provide a steady source of higher-grade, soft oxide ore to the mill. This outlook is further underscored by a resumption in grid power availability to historical levels, which for the month of July exceeded 95%.

ORE added: "While the temporary reduction in grid power availability in H1 2024 presented a challenge, our operating team proved its resiliency, further optimizing and increasing plant throughput, which culminated in a record 525,000 tonnes processed in the month of June. This performance has continued into the third quarter, and positions the company well to achieve its 2024 guidance."

For the three-month period ended June 30, 2024, PHX Energy (PHX.TO) generated consolidated revenue of $154.2 million, only 1% lower than the record Q2 consolidated revenue of $155.6 million generated in 2023. Strong Canadian segment revenue and activity continued which helped partially offset the impact of the lower US rig count on the corporation's US results. Consolidated revenue in the 2024-quarter included $10 million of motor rental revenue and $1.1 million of motor equipment and parts sold (2023 $12.6 million and $3.2 million, respectively). Earnings in the 2024 three-month period were $12.9 million, $0.26 per share, as compared to $18.1 million, $0.35 per share, in the same 2023-period. The corporation said it intends to make an application to the TSX for renewal of its NCIB for a further one-year term and, subject to TSX approval.

PyroGenesis Canada Inc. (PYR.TO), a high-tech company, reported Q2 net income of $1.4 million, earnings per share of $0.01, and revenue of $3.93 million, up 29.6% year-over-year vs. Q2 2023 "After posting a three-year low revenue mark back in Q1 2023, we now have posted five consecutive quarters of revenue improvement, with four of those quarters, including this most recent, surpassing the previous quarter's revenue," said P. Peter Pascali, President and CEO of PyroGenesis.

"The collection of key receivables whose payment timelines were strategically extended, together with a cost reduction program, and the meeting of significant project milestones, resulted in us posting these results. Second-half trends, including the post-quarter end announcement of a large land-based waste-to-energy system design and potential development contract, provides me with the confidence that PyroGenesis will continue to distinguish itself in the industrial decarbonization and electrification arena well beyond 2024."