TSX

Superior Plus Corp.

SPB.TO•Utilities•Regulated Gas
Current Price
$6.76
Today's Change
+0.75%
Market Cap
$1.44B
Volume
99.70K
⚡

Commodity Exposure

Natural Gas

Current Price
$3.040/MMBtu
+8.76% today
💡

Industry Context

Natural gas producers face high volatility. Storage capacity and seasonal demand heavily influence pricing.

Price updated: Oct 23, 2026, 03:00 PM

💡 Quick Take

Superior Plus Corp. operates in the energy distribution sector, focusing on propane distribution in the U.S. and Canada. While it boasts a strong gross margin of 56.9%, concerns arise from its negative net margin of -14.8% and low return on equity at -7.5%, indicating profitability challenges. Additionally, a current ratio below 1 suggests potential liquidity issues, compounded by a high debt-to-equity ratio of 1.93, raising leverage concerns. Overall, the company exhibits strong revenue potential but faces significant financial health challenges.

Based on 28 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$8.86
52 Week Low$6.06
Avg Volume624.80K
Beta0.28
Shares Outstanding214.60M

🔥 Valuation

Market Cap$1.44B
Enterprise Value$3.37B
P/E Ratio16.03
EV/EBITDA ⚠️6.40x
Dividend Yield2.42%

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🚩 Red Flags

🟠

High Debt Load

Debt of $1.7B is 61.3x the company's cash position of $27.0M.

🟡

Turned Unprofitable

Company went from $54.5M profit to $-3.1M loss compared to last year.

🌟 Opportunities

🚀

Gross margin expanded by 10.6 percentage points, indicating improved pricing power or cost efficiency.

💪

Strong gross margin of 52.8% reflects healthy unit economics.

💪

Strong free cash flow margin of 11.6% provides substantial resources for dividends, buybacks, or reinvestment.

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