Ladies and gentlemen, thank you for standing by, and welcome to the Sprague Resources LP First Quarter 2020 Earnings Conference Call. Joining me today are David Long, our Chief Financial Officer; and Paul Scoff, our Vice President and General Counsel.
PORTSMOUTH, N.H., Oct. 25, 2019 -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC.
Q2 2019 Sprague Resources LP Earnings Call
Q1 2020 Sprague Resources LP Earnings Call
Sprague Resources LP (“Sprague”) (SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.6675 per unit ($2.67 per unit on an annualized basis) for the quarter ended March 31, 2020 and is equal to distributions in the first quarter in 2019. Sprague also announced that Sprague Resources Holdings LLC, a wholly owned subsidiary of Axel Johnson Inc. and the owner of Sprague’s General Partner will receive cash, in respect of the incentive distribution rights payable in connection with the distribution for the first quarter of 2020.
Sprague Resources LP (“Sprague”) (SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.6675 per unit ($2.67 per unit on an annualized basis) for the quarter ended December 31, 2019. The fourth quarter distribution is equal to the distribution for the quarter ended September 30, 2019. Sprague also announced that Sprague Resources Holdings LLC, a wholly owned subsidiary of Axel Johnson Inc. and the owner of Sprague’s General Partner has agreed with Sprague that it will receive common units representing limited partner interests in Sprague, in lieu of cash, in respect of the incentive distribution rights payable in connection with the distribution for the fourth quarter of 2019.
Sprague Resources LP (“Sprague”) (SRLP) announced today that it received an unsolicited non-binding proposal from Sprague Resources Holdings LLC (“Holdings”) dated March 25, 2020, pursuant to which Holdings would acquire all of the outstanding common units of Sprague that Holdings and certain of its affiliates do not already own in exchange for $13.00 in cash per common unit. The $13.00 per common unit price of the proposal represents a premium of approximately 14% to its 10-day volume weighted average price prior to March 26, 2020, and a premium of approximately 7% to its 30-day volume weighted average price prior to March 26, 2020.
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Q3 2019 Sprague Resources LP Earnings Call
PORTSMOUTH, N.H., March 05, 2020 -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the fourth quarter and twelve months ended.
PORTSMOUTH, N.H, May 07, 2020 -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the first quarter ended March 31, 2020. First Quarter.
PORTSMOUTH, N.H., Aug. 07, 2019 -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the second quarter ended June 30, 2019. Second.
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Shares of Sprague Resources (NYSE:SRLP) remained unaffected at $13 after the company reported Q1 results.Quarterly Results Earnings per share were up 39.29% year over year to $1.95, which beat the estimate of $1.15.Revenue of $959,879,000 lower by 23.70% from the same period last year, which missed the estimate of $1,090,000,000.Guidance Sprague Resources hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 07, 2020View more earnings on SRLPWebcast URL: https://edge.media-server.com/mmc/p/mcc8apqhRecent Stock Performance 52-week high: $20.1552-week low: $9.83Price action over last quarter: Up 4.92%Company Description Sprague Resources LP engaged in the purchase, storage, distribution and sale of refined products and natural gas, and to provide storage and handling services for a broad range of materials. The company owns, operate and control a network of refined products and materials handling terminals strategically located throughout the Northeast United States and in Quebec, Canada that have a combined storage capacity of million barrels for refined products and other liquid materials, as well as materials handling capacity. It operates in four business segments: Refined products, Natural gas, Materials handling and Other operations. Sprague generates most of its revenue from its Refined products segments.See more from Benzinga * Oaktree Strategic Income: Q2 Earnings Insights * Civeo: Q1 Earnings Insights * Titan International: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
PORTSMOUTH, N.H., Nov. 07, 2019 -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the third quarter ended September 30, 2019. Third.
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PORTSMOUTH, N.H., March 18, 2020 -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) filed its Annual Report on Form 10-K for the twelve months ended December 31, 2019 with the.
PORTSMOUTH, N.H., July 25, 2019 -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC,.
PORTSMOUTH, N.H., May 21, 2020 -- Sprague Resources LP (“Sprague”) (NYSE: SRLP), the parent company of Sprague Operating Resources LLC and Kildair Service ULC (the.
SRLP earnings call for the period ending June 30, 2019.