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.

TSX:SPB - Post by User

Superior Plus Corp > RBC $11 Price Target November 3rd.

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Post by InvestSmarteron Nov 04, 2024 1:01pm

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Post# 36295574

RBC $11 Price Target November 3rd.

Price Target $11

We expect the shares of Superior Plus to outperform peers for the following reasons...

We estimate the payout ratio will be 40-50% in 2024-2025 based on ACFFO

There is significant demand for Certarus's services, and management is guiding to double-digit EBITDA growth in the coming years.

etc etc