Overview

* Superior Plus ( SUUIF ) Q2 revenue missed analyst expectations, per LSEG data

* Q2 adjusted EBITDA fell due to lower propane volumes and supply disruption

* Co reaffirmed 2025 adjusted EBITDA growth guidance of approximately 8%

Outlook

* Superior reaffirms 2025 Adjusted EBITDA growth rate of approximately 8%

* Superior anticipates ending 2025 with leverage ratio of ~3.7x

Result Drivers

* PROPANE VOLUME DECLINE - Q2 adjusted EBITDA fell due to lower propane volumes following strong Q1 deliveries and deferral of some Q2 deliveries

* SUPPLY DISRUPTION - Temporary plant shutdown in California negatively impacted margins in Q2

* RNG BUSINESS - Growth in RNG business helped offset competitive pressures in the wellsite sector

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $423.20 $495.50

Revenue mln mln (4

Analysts

)

Q2 Net -$14.70

Income mln

Q2 Gross $228.90

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$10.25, about 32.8% above its August 11 closing price of C$6.89

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

(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.)