Superior Plus Corp T.SPB

Alternate Symbol(s): SUUIF

Utilities Utilities - Regulated Gas

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.

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Superior Plus Corp > From Globe & Mail this AM

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Post by SuperMon Jul 20, 2023 9:24am

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Post# 35549505

From Globe & Mail this AM

Desjardins securities Gary Ho raised his SPB target to 14 from 13.50 with a buy rating. The average is 13.42

We trimmed our Q2 EBITDA to 40 million from 45 million, adjusting for the timing of the closing of Certarus and continued robust propane, offset by warmer climate weather, said Mr. Ho. Consensus of 51 million is not directly comparable ( Some estimates include a full quarter from Certarus). We believe Certarus is performing well and could reach the higher end of 4 guidance.

GLTA
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