05:33 PM EDT, 08/12/2025 (MT Newswires) -- Superior Plus ( SUUIF ) after trade Tuesday reported a narrower second-quarter loss and higher revenue.

The company lost US$14.7 million, or US$0.25 per share, in the period, compared with a loss of US$45.3 million, or US$0.23, a year ago. FactSet expected a loss per share of US$0.21.

Revenue rose to US$423.2 million from US$422.9 million in the year-ago quarter. FactSet projected US$447.7 million.

In other highlights, adjusted EBITDA for the quarter fell to US$33.5 million from US$43.3 million a year prior, mainly due to lower propane volumes following a strong Q1, the company said.

The company also reaffirmed its 2025 expected adjusted EBITDA growth rate of about 8%.

"As expected, the second quarter reflected seasonally lower volumes for our propane business, particularly following strong Q1 deliveries along with the deferral of some Q2 deliveries as part of our transformation initiatives," Chief Executive Allan MacDonald said.

"Second quarter performance was also impacted by a wholesale supply disruption due to a temporary plant shutdown in California. Superior Delivers remains on track, and we are well positioned for the remainder of the year," he added.

The board approved a quarterly dividend of C$0.045 per share, payable on Oct. 15, to shareholders of record at the close of business Sept. 29.

The company's shares closed down $0.06 to $6.83 on the Toronto Stock Exchange.