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ThesisSuperior Plus: the setup is constructive — Heating degree days and winter weather severity in Northeast/Midwest markets driving residential propane volumes
value - Trades at 0.5x P/S and 6.9x EV/EBITDA, attracting deep value investors focused on turnaround potential and deleveraging story.
Rising rates negatively impact Superior through higher debt servicing costs on $2.9B net debt (estimated based on 2.24x D/E).
Watch on earnings: NOAA heating degree days for Northeast and Midwest U.S. regions (primary volume driver), Mont Belvieu propane spot prices and wholesale-retail spread compression/expansion, North American pulp production capacity utilization rates (RISI data).
One Sentence Summary:
The bull case is simple: analysts see revenue climbing from $3.5B to $3.7B as heating degree days and winter weather severity in northeast/midwest markets driving residential propane volumes.
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.
