Canada's Superior Plus Q1 revenue falls

Superior Plus

13/05/2026 22:11

Overview

Canada propane and CNG distributor's Q1 revenue declined

Adjusted EPS for Q1 rose 2% to $0.68, driven by share repurchases

Outlook

Superior raises 2027 Adjusted EBITDA growth outlook to 5% from 2% on new data center deals

Company lifts 2026 capital expenditure guidance to $230 mln from $160 mln for CNG expansion

Superior withdraws 2024-2027 free cash flow growth guidance due to higher capital investment needs

Result Drivers

PROPANE COST STRUCTURE - Co said modest Q1 adjusted EBITDA growth in propane was driven by a more efficient cost structure and favorable currency, offset by lower volumes

CNG EARNINGS DECLINE - Co attributed 30% drop in CNG adjusted EBITDA to lower ancillary revenue from utility winter standby services and reduced wellsite pricing

RECORD CNG VOLUMES - Co said CNG volumes rose 6% to a new record, driven by business expansion with industrial power, mining, and wellsite customers

Company press release: ID:nBw1dhZRva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$897.40 mln
$926.80 mln (2 Analysts)
Q1 Adjusted EPS
$0.68
Q1 Net Income
$126.90 mln
Q1 Gross Profit
$492.40 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the natural gas utilities peer group is "buy."

Wall Street's median 12-month price target for Superior Plus Corp is C$8.00, about 7% above its May 12 closing price of C$7.48

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)