The earnings call was generally positive, with significant improvements in adjusted EBITDA, free cash flow, and progress in strategic initiatives like Superior Delivers and share repurchases. However, there were some challenges in the CNG segment due to pricing pressures and higher corporate operating costs. Overall, the highlights outweigh the lowlights.

Company Guidance -

Q2 2025

In the Superior Plus 2025 First Quarter Results Conference Call, the company provided detailed guidance on several key metrics. Adjusted EBITDA for the first quarter was $260.5 million, marking a 10.5% increase from the previous year. EBITDA per share rose by 19% to $0.89, while adjusted net earnings per share saw a significant increase of 32% to $0.66. Free cash flow per share also increased by 54% to $0.94, driven by strong operational results and a 5% reduction in share count due to repurchases. The U.S. propane segment generated an adjusted EBITDA of $163.6 million, up 14% year-over-year, boosted by higher volumes and contributions from the Superior Delivers initiative. Canadian propane recorded an adjusted EBITDA of $49.1 million, a 7% increase, while the compressed natural gas business, Certarus, posted a 7% rise in adjusted EBITDA to $55.1 million. The company is advancing its Superior Delivers program, with an expected $20 million contribution to adjusted EBITDA for 2025 and $70 million by 2027. Despite pricing pressures in the CNG segment, the company maintains its full-year guidance but anticipates finishing towards the lower end of its 5% to 10% growth range. Corporate operating costs were noted at $7.3 million, up from $5.5 million due to higher incentive plan expenses and one-time costs from the Investor Day. The company expects to end the year with a leverage ratio of approximately 3.6x.

Record First Quarter Adjusted EBITDA

First quarter adjusted EBITDA of $260.5 million increased 10.5% compared to the first quarter last year, driven by strong results in both propane and compressed natural gas.

Significant Growth in Free Cash Flow

Free cash flow per share increased by 54%, driven by strong operating results and a share count that is roughly 5% lower quarter-over-quarter due to share repurchases.

Superior Delivers Initiative on Track

The Superior Delivers program contributed approximately $2.3 million of EBITDA in the quarter and remains on track to contribute $20 million to adjusted EBITDA this year.

Share Repurchase Program Progress

The company repurchased approximately 16.5 million shares, or 7% of outstanding shares, since starting the buyback program, expecting to reach the 10% threshold by early Q3.

Superior Plus (TSE:SPB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:SPB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2025	2025 (Q2)	-0.19 / -	-0.276	―	―	―
May 13, 2025	2025 (Q1)	0.58 / 0.75	0.414	80.00% (+0.33)	―	―
Feb 26, 2025	2024 (Q4)	0.25 / 0.00	0.276	―	―	―
Nov 06, 2024	2024 (Q3)	-0.27 / -0.37	-0.46	18.92% (+0.09)	―	―
Aug 13, 2024	2024 (Q2)	-0.17 / -0.28	-0.217	-27.39% (-0.06)	―	―
May 14, 2024	2024 (Q1)	0.48 / 0.41	0.65	-36.31% (-0.24)	―	―
Feb 21, 2024	2023 (Q4)	0.28 / 0.28	0.276	0.00% (0.00)	―	―
Nov 08, 2023	2023 (Q3)	-0.27 / -0.46	-1.097	58.11% (+0.64)	―	―
Aug 03, 2023	2023 (Q2)	-0.24 / -0.22	-0.399	45.67% (+0.18)	―	―
May 09, 2023	2023 (Q1)	0.55 / 0.65	0.724	-10.29% (-0.07)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:SPB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 13, 2025	C$7.22	C$7.48	+3.60%
Feb 26, 2025	C$5.86	C$6.53	+11.43%
Nov 06, 2024	C$6.62	C$5.49	-17.07%
Aug 13, 2024	C$7.50	C$7.34	-2.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Superior Plus Corp. (TSE:SPB) report earnings?

Superior Plus Corp. (TSE:SPB) is schdueled to report earning on Aug 12, 2025, After Close (Confirmed).

What is Superior Plus Corp. (TSE:SPB) earnings time?

Superior Plus Corp. (TSE:SPB) earnings time is at Aug 12, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:SPB EPS forecast?

TSE:SPB EPS forecast for the fiscal quarter 2025 (Q2) is -0.19.

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