Q1 2026 Superior Plus Corp Earnings Call Transcript
Key Points
- Superior Plus Corp (SUUIF) reported a strong first quarter performance, with propane operations performing well and Certarus positioned for growth.
- The company has successfully signed six data center contracts totaling more than $350 million in revenue, indicating a significant expansion in the data center business.
- Superior Plus Corp (SUUIF) has repurchased approximately 14% of its outstanding shares since prioritizing buybacks in 2024, enhancing shareholder value.
- The company is increasing its adjusted EBITDA guidance for 2027 from 2% to 5% growth over 2026, driven by contracted revenue in the data center vertical.
- Certarus is expected to resume quarterly growth beginning in Q2, with a focus on geographic expansion and business development in new verticals like data centers.
- Q1 adjusted EBITDA of $245.9 million declined approximately 6% compared to Q1 2025, primarily due to a decrease in CNG.
- Certarus experienced a decline in profitability in Q1 due to reduced utility work and lower well site pricing.
- The company anticipates leverage to move modestly higher in the near-term due to increased investment in CNG.
- Free cash flow generation was $188 million in Q1, about $32 million lower than the prior year quarter.
- Superior Plus Corp (SUUIF) is increasing its planned capital expenditures for 2026, which may impact short-term financial flexibility.
Good day, and thank you for standing by. Welcome to the Superior Plus First Quarter 2026 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Chris Lichtenheldt, Vice President, Investor Relations. Please go ahead.
Thank you. Good morning, everyone, and welcome to Superior Plus's conference call and webcast to review our 2026 first quarter results. On the call today, we have Allan MacDonald, President and CEO, Grier Colter, Executive Vice President and Chief Financial Officer, and Dale Winger, President of Certarus. For this morning's call, Allan and Grier will begin with their prepared remarks, and then we'll open the call for questions.
Listeners are reminded that some of the comments made today may be forward-looking in nature, and information provided may refer to non-GAAP measures. Please refer to our continuous disclosure documents
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