Superior Plus Q1 Earnings Call Highlights

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Sat, May 16, 2026 astatine 12:12 PM CDT 7 min read

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Superior Plus reported Q1 2026 adjusted EBITDA of $245.9 million, down astir 6% twelvemonth implicit year, arsenic spot successful Canadian propane was offset by weaker results astatine Certarus. Free currency travel besides fell to $188 million, though per-share net improved owed to buybacks.
The company’s biggest maturation communicative is Certarus’s propulsion into information centers, with six contracts signed since past September totaling much than $350 million successful revenue. Management said this accidental could marque information halfway and concern request astir 60% of Certarus’s CNG concern wrong 2 years.
Superior Plus is raising 2026 superior spending to $230 million from $160 cardinal to money CNG enlargement and is shifting superior allocation distant from stock repurchases. It besides lifted its 2027 EBITDA maturation outlook to astir 5% and expects leverage to beryllium astir 4 times by year-end.

Superior Plus (TSE:SPB) reported first-quarter 2026 adjusted EBITDA of $245.9 million, down astir 6% from the aforesaid play past year, arsenic weaker results successful its Certarus compressed earthy state concern much than offset gains successful Canadian propane and ongoing operational improvements.

Executive Vice President and Chief Financial Officer Grier Colter said adjusted EBITDA per stock roseate 2% to $0.91, portion adjusted nett net per stock accrued 2% to $0.68, supported by the company’s little stock number pursuing an progressive buyback program. Free currency travel was $188 million, down astir $32 cardinal from the prior-year quarter, which included a $20 cardinal ineligible betterment and higher adjusted EBITDA.

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President and Chief Executive Officer Allan MacDonald said the company’s archetypal 4th “tracked mostly successful line” with expectations, with propane improving modestly portion Certarus faced little inferior enactment and weaker good tract pricing. He said the 4th besides brought a large enlargement accidental successful information centers, which is reshaping the outlook for the CNG business.

Propane Business Advances Through Cold Winter

MacDonald said Superior Plus’s propane operations were tested by a 2nd wintertime of above-average acold upwind portion the concern continued implementing its “Superior Delivers” translation program. He said the play was “the champion mode to accent trial our operating models,” adding that the institution made advancement successful prioritizing, readying and executing deliveries.

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Colter said U.S. propane adjusted EBITDA was $58.7 million, down astir 3% from past year, chiefly due to the fact that of little income volumes arsenic the institution continued adjusting to reduced transportation capableness nether Superior Delivers. The diminution was partially offset by little operating costs.

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