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Superior Plus Corp. (T:SPB)

Business Focus: Natural Gas Utilities (NEC)

Sector:  Utilities Industry:  Natural Gas Utilities
 
Company Contact
Address: 401-200 Wellington St W
TORONTO ON M5V 3C7
Tel: 1-416-3406006
Website: https://www.superiorplus.com
IR: See website
Key People
Allan A. Macdonald
President, Chief Executive Officer, Director
Grier Colter
Chief Financial Officer, Executive Vice President
Rick Carron
President, Superior Propane
Kirsten Olsen
Chief Human Resource Officer
Curtis Philippon
Executive Vice President, President - Certarus
Darren Bart Hribar
Chief Legal Officer, Senior Vice President
Shawn Bradley Vammen
Senior Vice President - Superior Gas Liquids
Ash Rajendra
Chief Information Officer, Vice President
Natasha Cherednichenko
Chief Operating Officer, Certarus
Business Overview
Superior Plus Corp. is a Canada-based company, which is a distributor and marketer of propane and distillates and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane), and Certarus Ltd. The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States, as well as the Midwest and California to residential and commercial customers. The Canadian Propane segment includes the Canadian retail propane distribution business and the wholesale natural gas liquid marketing businesses. The Wholesale Propane segment is a distributor and marketer of propane gas and other natural gas liquids.
Financial Overview
For the fiscal year ended 31 December 2023, Superior Plus Corp revenues decreased 1% to C$3.35B. Net income totaled C$51.6M vs. loss of C$112.5M. Revenues reflect Canadian Propane Distribution segment decrease of 17% to C$783.3M, U.S Propane Distribution segment decrease of 8% to C$1.6B, Canada segment decrease of 57% to C$925.5M. Net Income reflects Restructuring Charges/Provisions decrease of 40% to C$50.2M (expense).
Employees: 4,620 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $4,795M as of Dec 31, 2023
Annual revenue (TTM): $3,354M as of Dec 31, 2023
EBITDA (TTM): $604.30M as of Dec 31, 2023
Net annual income (TTM): $51.60M as of Dec 31, 2023
Free cash flow (TTM): $190.70M as of Dec 31, 2023
Net Debt Last Fiscal Year: $2,441M as of Dec 31, 2023
Shares outstanding: 248,600,000 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization