Superior Plus ( (TSE:SPB) ) has shared an announcement.
Superior Plus has announced an increase in its Superior Delivers target to over $70 million in incremental Adjusted EBITDA by 2027, up from the previous target of $50 million. The company also introduced new financial targets for 2027, aiming for significant growth in Adjusted EBITDA, Adjusted EBTDA per share, and Free Cash Flow, while planning to strengthen its balance sheet by reducing its leverage ratio and allocating substantial funds for share repurchases. These strategic moves are expected to drive significant shareholder value and position Superior Plus as a best-in-class energy solutions provider.
More about Superior Plus
Superior Plus is a leading North American distributor specializing in propane, compressed natural gas, renewable energy, and related products and services. The company serves approximately 770,000 customer locations across the U.S. and Canada, focusing on propane distribution and CNG, RNG, and hydrogen distribution to deliver low carbon fuels to residential, commercial, and utility sectors.
YTD Price Performance: 3.79%
Average Trading Volume: 882,837
Technical Sentiment Signal: Buy
Current Market Cap: C$1.51B
See more data about SPB stock on TipRanks’ Stock Analysis page.