Superior Plus
North American distributor of propane, CNG, RNG, and hydrogen to approximately 750,000 residential, commercial, utility, agricultural, and industrial customer locations across the U.S. and Canada, with a growing hyperscale data-center energy supply business through its Certarus subsidiary.
- Company typePublic
- Founded1996
- HeadquartersToronto, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Superior Plus does
Superior Plus Corp. is a Toronto-headquartered, publicly traded (TSX:SPB) North American distributor of low-carbon fuels, operating through four divisions: U.S. Propane Distribution, Canadian Propane Distribution, Wholesale Propane Distribution (Superior Gas Liquids), and Certarus. The company delivers propane, compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen via company-owned fleets to approximately 710,000–750,000 customer locations across the U.S. and Canada, targeting residential, commercial, utility, agricultural, and industrial end-markets that lack access to pipeline infrastructure. Certarus, acquired in Q1 2023 for C$1.05 billion, adds a mobile CNG/RNG/hydrogen delivery platform using a fleet of transport trailers and mobile compression systems, which the company is positioning as a solution for hyperscale data-center power supply.
The business model is volume- and usage-based, with pricing negotiated per contract based on volume, delivery frequency, and customer segment; multi-year industrial and data-center contracts supplement recurring residential and small-commercial delivery volumes. Superior Plus pursues growth through a combination of organic expansion and a sustained M&A roll-up of regional propane operators (e.g., Williams Energy, Kamps Propane, Kiva Energy, Quarles Petroleum, Central Coast Propane, Rymes Propane & Oil, Champagne's Energy). The company is financially backed by Brookfield Asset Management and is targeting an additional US$75M in incremental Adjusted EBITDA through its Superior Delivers transformation program, now expected by 2028. In FY2025, Superior Plus reported Adjusted EBITDA of US$463.5M, up 2% year-over-year.
Superior Plus firmographics
Firmographics- Name
- Superior Plus
- Legal name
- Superior Plus Corp.
- Website
- https://superiorplus.com
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- North American distributor of propane, CNG, RNG, and hydrogen to approximately 750,000 residential, commercial, utility, agricultural, and industrial customer locations across the U.S. and Canada, with a growing hyperscale data-center energy supply business through its Certarus subsidiary.
- Ownership category
- akta.pro rank
Superior Plus industry classification
Industry- Product category
- Energy Distribution Services
- NAICS
- Natural Gas Distribution (221210), Electric Power Generation (22111), Industrial Gas Manufacturing (32512)
- SIC
- Natural Gas Transmisison & Distribution (4923), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)
- akta.pro secondary industries
- Gas-to-Power Project Development (IPP/CPP, Permitting, Financing) (EUALALAC), Power Distribution & Switchgear (UPS, PDUs, Busway) (HDABAKAA)
Keywords
Where Superior Plus is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices5 records
Markets served
Superior Plus business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Propane Distribution: Distribution and retail marketing of propane to residential, commercial, agricultural, and industrial customers across the U.S. and Canada. Revenue is volume-based and recurring, driven by seasonal heating demand and industrial use cases.
- CNG, RNG, and Hydrogen Distribution (Certarus): Distribution of compressed natural gas, renewable natural gas, and hydrogen via mobile delivery to customers without pipeline access. Revenue is volume-based under multi-year contracts, including recently secured hyperscale data center agreements expected to generate over $300 million over their lives.
- Wholesale Propane Distribution: Wholesale marketing services of natural gas liquids (NGLs), including propane, to other distributors and large-volume buyers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Volume-based pricing for propane and CNG/RNG/hydrogen delivery |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Superior Plus product offering
Product offeringCore offering
Superior Plus is a leading North American distributor of propane, compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen, delivering low-carbon fuels to approximately 710,000–750,000 residential, commercial, utility, agricultural, and industrial customer locations in the U.S. and Canada. Through its wholly-owned Certarus subsidiary, the company operates a mobile CNG/RNG/hydrogen delivery platform using transport trailers and mobile compression systems, enabling energy supply to customers not connected to pipeline infrastructure, including hyperscale data centers.
Product overview
Superior Plus operates as a platform of four distinct energy distribution operating divisions: U.S. Propane Distribution, Canadian Propane Distribution, Wholesale Propane Distribution, and Certarus. The company delivers low-carbon fuels (propane, CNG, RNG, and hydrogen) to approximately 710,000 customer accounts across the U.S. and Canada, serving residential, commercial, utility, agricultural, and industrial customers not connected to pipeline infrastructure. The core platform is built on safe, reliable delivery of energy products, with Certarus representing the company's mobile energy solutions business focused on the growing data center and hyperscale energy market.
Differentiator
Problem solved
Functional benefit
Products and services
- Superior Propane (U.S.) Propane distribution and retail marketing services serving residential, commercial, agricultural, and industrial customers across the United States, primarily operating in eastern U.S. regions.
- Superior Propane (Canada) Canadian propane distribution business serving residential, commercial, agricultural, and industrial customers across Canada from its Cambridge, Ontario headquarters.
- Superior Gas Liquids Wholesale marketing services for natural gas liquids (NGLs), including propane, to other distributors and large-volume buyers, operating from Calgary, Alberta.
- Certarus Mobile compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen distribution solutions providing delivered energy to residential, commercial, utility, agricultural and industrial customers not connected to pipeline infrastructure, including hyperscale data center operators.
Quantifiable outcome
- Serves approximately 750,000 customer locations across the U.S. and Canada
- +3 more outcomes
Companies that use Superior Plus
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles4 records
Superior Plus technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Superior Plus partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Charbone CorporationminorSuperior Plus is listed as one of Charbone Corporation's strategic partners in North America. Charbone, Canada's only publicly listed clean ultra-high purity hydrogen company, is expanding its North American footprint through partnerships including with Superior Plus. The partnership supports Charbone's clean hydrogen distribution initiatives, likely involving hydrogen supply or distribution collaboration.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Superior Plus competitors and assessment
Company assessmentDirect peers
- AmeriGas Partners (UGI Corporation): Largest U.S. retail propane distributor, operating an almost identical residential, commercial, agricultural, and industrial propane distribution model across the United States, making it the most directly comparable peer to Superior Plus's U.S. Propane Distribution division.
- Ferrellgas Partners: U.S.-focused retail propane distributor with a national footprint serving residential, commercial, and industrial customers, directly competing with Superior Plus's U.S. Propane Distribution in many of the same off-pipeline markets.
- Suburban Propane Partners: Publicly traded retail propane distributor in the U.S. with a comparable mix of residential heating, commercial, and industrial customers, providing a direct read on propane distribution economics versus Superior Plus.
- New Fortress Energy: Mobile LNG and CNG infrastructure and gas-to-power project developer serving customers without pipeline access, mirroring Certarus's virtual-pipeline and downstream power-generation model, especially for data center and industrial off-grid loads.
Emerging players
- Charbone Corporation: Canadian publicly listed clean ultra-high purity hydrogen producer named as a Superior Plus strategic partner, with overlapping interests in low-carbon hydrogen distribution to industrial and remote customers in North America.
Broad incumbents
- Linde plc: Global industrial gases incumbent producing and distributing hydrogen, RNG-adjacent gases, and other industrial gases, with comparable scale and capability to Superior Plus's CNG/RNG/hydrogen distribution ambitions, albeit from a much larger, multi-product portfolio.
- Air Liquide: Major industrial gas and hydrogen producer with global distribution infrastructure, providing a comparable reference point for hydrogen and industrial gas distribution economics relevant to Certarus's long-term roadmap.
- Air Products and Chemicals: Industrial gases and hydrogen major investing heavily in clean hydrogen production and distribution, making it a strategic comparable for Superior Plus's Certarus hydrogen ambitions and a potential competitor for large-volume off-pipeline customers.
Others
- Enbridge Inc. Canadian energy infrastructure major operating natural gas distribution and renewable natural gas businesses; not a direct competitor but a relevant infrastructure-scale comparable for Superior Plus's gas distribution and RNG strategy in Canada.
- Pembina Pipeline Corporation: Canadian midstream energy company with NGL fractionation and wholesale propane exposure, comparable to Superior Gas Liquids' wholesale NGL marketing business rather than its retail operations.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Superior Plus social profiles
Digital presenceSuperior Plus financial estimates
Financial estimateRevenue estimate
Valuation estimate
Superior Plus leadership team
Management profileNumber of profiles
Profiles11 records
Superior Plus subsidiaries and ownership
Company hierarchySubsidiaries4 records
Superior Plus funding detail
Funding detailFunding overview
Funding rounds2 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Superior Plus M&A and investment
M&A and investmentM&A9 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Superior Plus
What does Superior Plus do?
Superior Plus is a leading North American distributor of propane, compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen, delivering low-carbon fuels to approximately 710,000–750,000 residential, commercial, utility, agricultural, and industrial customer locations in the U.S. and Canada. Through its wholly-owned Certarus subsidiary, the company operates a mobile CNG/RNG/hydrogen delivery platform using transport trailers and mobile compression systems, enabling energy supply to customers not connected to pipeline infrastructure, including hyperscale data centers.
Is Superior Plus a public or private company?
Superior Plus is a public company. It is classified as public and is currently operating.
When was Superior Plus founded?
Superior Plus was founded in 1996. It employs 1,001 to 5,000 people.
Where is Superior Plus based?
Superior Plus is headquartered in Toronto, Canada, in the North America region.
How does Superior Plus make money?
Three revenue lines are on record. Propane Distribution is the primary driver. The others are CNG, RNG, and Hydrogen Distribution (Certarus) and wholesale Propane Distribution.
Who are Superior Plus's main competitors?
Direct peers on record are AmeriGas Partners (UGI Corporation), Ferrellgas Partners, Suburban Propane Partners and New Fortress Energy. Charbone Corporation is listed as an emerging player. Broad incumbents are Linde plc, Air Liquide and Air Products and Chemicals. Others are Enbridge Inc. and Pembina Pipeline Corporation.
Does Superior Plus have an API?
No public API is recorded for Superior Plus.
What industry is Superior Plus in?
Superior Plus's product category is Energy Distribution Services. Its primary akta.pro industry code is EUALALAA, Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage), with a secondary code of EUALALAC, Gas-to-Power Project Development (IPP/CPP, Permitting, Financing). Its NAICS code is 221210 and its SIC code is 4923.