Superior Plus Q2 revenue beats estimates on record CNG performance

Superior Plus

06/08/2026 22:08

Overview
Canada energy distributor's Q2 revenue rose 3% yr/yr and beat analyst expectations
Q2 adjusted EBITDA grew 10% yr/yr, driven by record CNG performance
Company reaffirmed 2026 adjusted EBITDA growth outlook of about 2%

Outlook
Superior Plus reaffirms 2026 Adjusted EBITDA growth of about 2%
Company expects leverage ratio of about 3.9x at end-2026, 3.5x at end-2027
Superior does not expect to make share repurchases due to significant growth opportunities

Result Drivers
CNG GROWTH - Q2 adjusted EBITDA in CNG rose 23% to a record $33.6 mln, driven by increased sales volumes, growth in ancillary revenues and favorable natural gas prices
NEW BUSINESS LAUNCH - Certarus launched Mobile CNG Fleet Fueling and signed its first contract with a global logistics company
PROPANE SEGMENT MIXED - Q2 adjusted EBITDA across propane operations decreased $2.0 mln, primarily due to a decline in U.S. Propane, partially offset by an increase in Canadian Propane

Company press release: ID:nBw3vGhJva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$435.40 mln
$421.67 mln (3 Analysts)
Q2 Net Loss
 
$59.80 mln
 
Q2 Gross Profit
 
$247.80 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$8.75, about 12.8% above its August 5 closing price of C$7.76
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

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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.)