Propane distributor Superior Plus misses Q3 rev estimates; cuts adj EBITDA growth forecast

Superior Plus

13/11/2025 23:06

Overview

Superior Plus Q3 revenue missed analyst expectations, declining from the previous year

Adjusted EBITDA for Q3 2025 decreased due to lower propane volumes and pricing

Company revises 2025 adjusted EBITDA growth forecast from 8% to 2%

Outlook

Superior revises 2025 Adjusted EBITDA growth forecast from 8% to 2%

Company expects C$135 mln annual allocation to share repurchases

Superior expects 2025 leverage ratio to be ~4.0x

Result Drivers

PROPANE VOLUMES - Lower propane volumes contributed to Q3 EBITDA decline

CNG PRICING PRESSURES - Pricing pressures in the wellsite business affected CNG segment results

ONE-TIME COSTS - Unexpected one-time costs and supply disruption impacted propane segment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$338 mln
$400.33 mln (4 Analysts)
Q3 Net Income
-$101.10 mln
Q3 Gross Profit
$191.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "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$9.75, about 17.6% above its November 12 closing price of C$8.03

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw4hwG3Ra

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(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.)