Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
we had factored into our guidance some potential impact from tariffs, which did not materialize.
We continue to focus on the factors within our control and as we said on the first quarter earnings call, have prepared for a more difficult second half, particularly given the strong prior year comparison in the third quarter of last year.
Importantly, as it relates to our business, we've not called out any material impacts as a result of tariffs.
This includes the expected impact from tariffs that are currently in place.
However, uncertainty related to U.S. trade policies centered on high tariffs continues.
That said, the refining outlook remains constructive for Suncor with positive supply-demand balances, low product inventories, especially in distillate and announced refinery closures supporting demand for our exports.
Markets have responded quite well to progress by the administration on tariff negotiations and tax policy.
Non-GAAP earnings per share were $0.41, down year-over-year from 50% last year, primarily due to the tariff impact, although we have taken measures to reduce the impact.
Increased tariffs, which had a minimal impact during the second quarter but are expected to have a net impact of a couple of thousand dollars per unit for the remainder of 2025.
Although Congress has passed further legislation and each of these topics remain fluid, our estimates of the impact of these items on DaVita remains unchanged from last quarter.