Some buyers love the regular payouts of power corporations. Others chase the joy of a mining rally. However there’s no purpose a portfolio can’t have each. Suncor Power (TSX:SU), Keyera (TSX:KEY), and Eldorado Gold (TSX:ELD) are prime examples of how you can stability these competing priorities. Collectively, these span oil sands, power infrastructure, and gold mining: three sectors with completely different drivers however all able to producing robust returns.
SU
Suncor has been delivering for earnings seekers for years, and 2025 has been no exception regardless of a pullback within the share worth from final 12 months’s highs. Within the second quarter, it posted document upstream manufacturing of 808,000 barrels per day and document refinery throughput of 442,000 barrels per day. These numbers got here even because it accomplished main turnaround exercise forward of schedule, an indication of operational self-discipline.
Adjusted funds from operations got here in at $2.7 billion, and the dividend inventory returned $1.45 billion to shareholders by way of dividends and buybacks. With a ahead dividend yield of about 4.26% and diminished capital spending steerage for the 12 months, Suncor appears prefer it’s organising for continued robust money returns. The primary threat, in fact, is oil worth volatility. But its built-in operations and price management assist cushion the blow when crude costs soften.
KEY
Keyera, in the meantime, performs a special function within the power house. As a midstream operator centered on pure gasoline liquids, its earnings are extra tied to fee-for-service contracts than commodity swings. That stability confirmed up in its second-quarter outcomes, the place fee-for-service realized margin rose 8.4% 12 months over 12 months. The corporate additionally raised its dividend by 4%, bringing the ahead yield shut to five%.
Progress is on the horizon, too. Keyera is increasing its KAPS pipeline and KFS fractionation services, with long-term contracts locking in volumes. The large story is its deliberate $5.15 billion acquisition of Plains’s Canadian pure gasoline liquids enterprise. This needs to be mid-teens accretive to distributable money move per share in its first full 12 months. The deal received’t shut till early 2026, nevertheless it’s already shaping expectations for a step-change in scale. The trade-off is a comparatively excessive payout ratio and execution threat on giant capital initiatives, however Keyera’s stability sheet is robust, and leverage is predicted to remain in examine.
ELD
Then there’s Eldorado Gold, which presents no dividend however loads of upside potential in a high-gold-price surroundings. Over the previous 12 months, its shares have surged greater than 30% as gold demand and costs climbed. Within the second quarter, Eldorado reported income of $451.7 million and adjusted earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) of $211.8 million.
The corporate is making heavy investments within the Skouries copper-gold undertaking, set to begin manufacturing in early 2026, which ought to considerably increase output whereas decreasing prices. For now, these capital commitments imply free money move is restricted. Dangers embody publicity to Turkish and Greek royalty adjustments, which have not too long ago raised prices, however the mixture of manufacturing development and excessive costs retains the outlook robust.
Silly takeaway
For buyers, these three corporations complement one another. Suncor and Keyera present the earnings spine, with predictable money flows and sizable yields. In reality, $5,000 in every would herald about $460 yearly!
| COMPANY | RECENT PRICE | NUMBER OF SHARES | DIVIDEND | TOTAL PAYOUT | FREQUENCY | TOTAL INVESTMENT |
|---|---|---|---|---|---|---|
| SU | $53.32 | 93 | $2.28 | $212.04 | Quarterly | $4,955.76 |
| KEY | $43.29 | 115 | $2.16 | $248.40 | Quarterly | $4,978.35 |
Eldorado brings a development kicker that tends to maneuver independently of oil and gasoline markets, providing a possible hedge when power costs cool. Over the previous 12 months, power shares have confronted worth stress whereas gold miners have rallied, making this combine a pure strategy to easy efficiency with out giving up on both earnings or development.
The stability between power dividends and mining rallies is admittedly about managing cycles. Proudly owning all three shares creates publicity to each situations, whereas the earnings from Suncor and Keyera helps buyers keep affected person throughout gold sector lulls. It’s not an ideal hedge, however for Canadian buyers seeking to diversify inside useful resource shares, this mixture presents a compelling mix of yield, stability, and upside potential.
