TSE:SPB

Superior Plus Corp (SPB.TO)

8.02
+0.06 (0.75%)
as of Jul 16, 2026, 8:00:00 pm Market Open.
248 watching
0
Investor Insights
star iconJul 16, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

Superior Plus Corp (SPB-T) operates primarily in the energy sector, dealing with propane and other fuels in Canada and the US, which are highly dependent on weather conditions. The company faces significant volatility, particularly in its propane segment, resulting in a challenging earnings environment. Recent earnings reports have disappointed investors, leading to an 18% drop in stock price and raising questions about management credibility. While the company diversifies its portfolio with a recent acquisition in compressed natural gas and renewable natural gas, it has struggled with operational efficiency and has revised its growth outlook from a projected 10% increase in the US to a decrease of 5%. Over the long term, shareholder returns have been minimal, suggesting that investors might be sacrificing capital appreciation for dividend income, presently yielding around 2.5%.

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Consensus
Negative
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Valuation
Overvalued
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Similar
Husky, HSE
TOP PICK
(A Top Pick March 22/04. Up 4%.) Actually up about 9% when distributions are included. Have increased distributions twice. Excellent management team.
DON'T BUY
Views it as a grand experiment as it is taking on the aspects of a conglomerate in the income trust sector. Good management. Most of the capital gains is done in the short term.
BUY
A near monolpoly in the distribution area. A relly solid budsiness.
TOP PICK
(A Top Pick March 22/04. Down slightly, but have had nice distributions, so actually up 5%.) This was picked just before the limitation on pension holdings which dropped all trusts. No currency risks. 8.5% yield. Not cheap, but doesn't tend to get cheap.
HOLD
Has a neutral position on it.
BUY
Still likes this trust very much.
TOP PICK
Has raised its distribution three times this year and expects increases to continue.
PAST TOP PICK
(Past top pick May 12/04. Up 2%) Has a very steady, sustainable business model which allows it to keep its distributions going.
TOP PICK
One of the biggest and best income trust. Has increased its cash flow every year as well as its distribution. Superb management. Good low risk entry point.
TOP PICK
Very strong management team. Good outlook for increased distributions. Weak first quarter in propane side but has had a management change which should correct it. Long-term outlook is excellent. Good price.
TOP PICK
(A top pick Apr 13/04. Down 13%.) Still likes. Good price. One of the best business oriented trusts around. Would benefit from inflation.
BUY ON WEAKNESS
Used to be a great growth story. Would have to make an acquisition for any future growth. Will probably be at this level for the next couple of years. There may be a trading opportunity in the near-term if they sell off further..
BUY
Very competent management. Getting into a buy range.
TOP PICK
Has increased its distributions every year since inception. Good price.
TOP PICK
Distribution is solid and has a history of growing every year. Good management. 9% yield.
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