Superior Plus ( (TSE:SPB) ) just unveiled an update.
Superior Plus Corp. reported a 10% increase in full-year 2024 Adjusted EBITDA to $455.5 million, despite a 2% decline in the fourth quarter. The company returned approximately $177 million to shareholders and expects an 8% rise in 2025 Adjusted EBITDA due to strategic initiatives and growth in its Compressed Natural Gas division. The Superior Delivers transformation is projected to add at least $50 million to Adjusted EBITDA by 2027, with $20 million anticipated in 2025. These efforts are designed to strengthen the company’s propane business and adapt to market changes, ensuring long-term profitability and increased cash flow.
More about Superior Plus
Superior Plus Corp. operates in the energy sector, primarily focusing on the distribution of propane and compressed natural gas. The company is committed to enhancing its market position and profitability through strategic initiatives like Superior Delivers, which aims to drive long-term growth and capture greater market share.
YTD Price Performance: -6.10%
Average Trading Volume: 1,049,450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.43B
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