TSE:SPB

Superior Plus Corp (SPB.TO)

7.85
+0.03 (0.38%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
248 watching
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Investor Insights
star iconJun 26, 2026, 12:00 am

This summary was created by AI, based on 5 opinions in the last 12 months.

Superior Plus Corp (SPB-T) operates primarily as a logistics business moving propane and other fuels across Canada and the US. Despite being perceived as a stable income provider, the company faces significant volatility due to its dependence on propane, seasonal weather variations, and fluctuating margins. Recent financial results have raised concerns over management credibility, particularly following an 18% drop in shares after disappointing earnings. The company's guidance has shifted dramatically from projecting a 10% growth in the US to a negative outlook, leading to skepticism about its efficiency programs. While the recent acquisition of compressed natural gas and renewable natural gas points to potential growth in alternative energy, the erratic earnings have resulted in disappointing long-term shareholder returns, raising questions about the sustainability of its income generation.

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Consensus
Negative
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Valuation
Overvalued
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Similar
HFC
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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