TSX:SPBGas Utilities
Superior Plus (TSX:SPB) Stock Faces Widening Losses Despite Certarus Growth
Superior Plus came into this earnings print with the stock grinding higher over the past three months and sitting at CA$8.20 at the close on 7 August. The long term thesis has often been about a cheap, utility like energy distributor that just needs steadier earnings. The headline this quarter is the squeeze in profitability. Superior Plus posted a Q2 net loss of US$64.5 million and a basic loss per share of US$0.30 while free cash flow was also negative as growth capital spending picked...