Overview

* Superior Plus ( SUUIF ) 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/Mis Actual Consensu

s s

Estimate

Q3 Miss $338 mln $400.33

Revenue mln (4

Analysts

)

Q3 Net -$101.10

Income mln

Q3 Gross $191.50

Profit 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 ( SUUIF ) 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:

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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.)