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Superior Plus Corp. (TSE:SPB)
TSX:SPB
Earnings Data
Report Date
May 19, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: the company delivered modest consolidated EBITDA growth, materially improved per-share metrics via aggressive buybacks, reduced capex and costs, and achieved operational wins (record Certarus volumes, new hubs/contracts). However, significant headwinds remain — primarily CNG wellsite pricing pressure (a reported $40M impact), a downgraded multi-year growth outlook (3-year CAGR trimmed to ~2%), and execution challenges in propane delivery that delayed realization of transformation benefits (Superior Delivers timeline extended to three years). Management retains confidence in the long-term plan but acknowledges near-term revenue/EBITDA pressure and extended timelines.Company Guidance
Modest Consolidated EBITDA Growth
Full year adjusted EBITDA was $463.5M, up ~2% versus prior year; Q4 adjusted EBITDA was $161.9M, up 2% year-over-year.
Propane Segment Strength and Superior Delivers Contribution
North American propane adjusted EBITDA rose ~4% to $346.7M (U.S. Propane $246.3M, +5%; Canadian Propane $100.4M, +2%). Superior Delivers contributed $16.2M for the year and $11.2M in Q4, and management expects ~ $50M contribution in 2026 as the program progresses.
Per-Share and Cash Metrics Improved Significantly
Full year adjusted EBITDA per share $1.46 (+15%); adjusted net earnings per share $0.31 (+94%); free cash flow per share $0.87 (nearly doubled). Q4 per-share metrics also improved (Q4 adjusted EBITDA/share $0.55, +12%; Q4 FCF/share $0.37, +23%).
Share Repurchases and Capital Efficiency
Repurchased 19.6M shares (~8%) during the year and ~32M shares (~13%) since Nov 2024, supporting improved per-share metrics and reducing share count materially.
Certarus Volumes and Cost Reductions
Despite pricing headwinds, Certarus delivered record volumes in 2025 and achieved a 6% reduction in operating cost per MMBtu; Certarus also cut CapEx by ~50% (~$50M), supporting record free cash flow.
Lower Consolidated CapEx and Reduced Leverage
Consolidated CapEx was ~$140M (down ~26% vs 2024). Leverage ended 2025 at 4.0x, down ~0.1 turn year-over-year.
Operational Wins and New Business Development
Opened a Florida hub (21st hub), signed two new data center contracts (scaling toward ~30–40 trailers across those starts), and deploying 'smart trailers' on ~50% of fleet to improve visibility.
TSE:SPB Earnings History
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 |
|---|---|---|---|
Feb 19, 2026 | C$7.94 | C$6.48 | -18.39% |
Nov 13, 2025 | C$7.97 | C$6.29 | -21.08% |
Aug 12, 2025 | C$6.79 | C$6.60 | -2.78% |
May 13, 2025 | C$7.18 | C$7.43 | +3.58% |
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 May 19, 2026, After Close (Confirmed).
What is Superior Plus Corp. (TSE:SPB) earnings time?
Superior Plus Corp. (TSE:SPB) earnings time is at May 19, 2026, 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 2026 (Q1) is 0.69.