Sprague Resources

sprague resources was founded in 1870 as the Charles H. Sprague Company. Today, Sprague Operating Resources LLC (''Sprague'') is one of the largest independent suppliers of energy and materials handling services in the Northeast with products including home heating oil, diesel fuels, residual fuels, gasoline and natural gas. Over the years, Sprague has aggressively expanded its offerings to meet the ever-changing energy and logistics markets.  Coupled with its strong physical assets, Sprague provides differentiated products and services including value-added customer support and online tools that are unmatched.

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PORTSMOUTH, N.H., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (the “Partnership” or “Sprague”) today announced that the transaction contemplated by the Agreement and Plan of Merger dated June 2, 2002, and as amended on August 31, 2022, by and among the Partnership, Sprague Resources GP LLC, and affiliates of Hartree Partners, LP (“Hartree”), was completed on Tuesday, November 1, 2022 at 12:01 a.m. The closing of the transaction takes the Partnership from a publicly traded company to a private company solely owned by Hartree, and the Partnership's common units will no longer be listed on the NYSE.

Sprague Resources LP Announces Closing of Merger with Hartree Affiliate and Delisting of Its Common Units

PORTSMOUTH, N.H., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (the “Partnership”) (NYSE: SRLP) today announced that it has notified the New York Stock Exchange (“NYSE”) of the anticipated closing date of the previously-announced merger transaction contemplated by that certain Agreement and Plan of Merger, dated June 2, 2022, as amended, by and among the Partnership, Sprague Resources GP LLC, and affiliates of Hartree Partners, LP (the “Purchaser”). The Partnership anticipates that the merger will close on or about November 1, 2022.

Sprague Resources LP Announces Anticipated Closing Date of Merger with Hartree Affiliate and Intention to Delist Its Common Units

Sprague announces a cash distribution of $0.4338 per unit Sprague announces a cash distribution of $0.4338 per unit

Sprague Resources LP Announces the Cash Distribution and Financial Results Release Date for the Third Quarter of 2022

PORTSMOUTH, N.H., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (the “Partnership”) (NYSE: SRLP) today announced that it has entered into an amendment (the “Amendment”) to the agreement and plan of merger (the “Merger Agreement”) with an affiliate of Hartree Partners, LP (“Hartree”), pursuant to which Hartree will acquire all of the outstanding common units of the Partnership (the “Common Units”) not already owned by Hartree and its affiliates (the “Merger”).

Sprague Resources LP Announces Amendment to Merger Agreement with Hartree Partners and New Anticipated Closing Timing

PORTSMOUTH, N.H., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the second quarter ended June 30, 2022.

Sprague Resources LP Reports Second Quarter 2022 Results

Sprague Resources LP Announces the Cash Distribution and Financial Results Release Date for the Second Quarter of 2022

New York, New York--(Newsfile Corp. - June 8, 2022) - Wolf Popper LLP is investigating claims on behalf of investors in Sprague Resources LP (NYSE: SRLP) concerning the acquisition of Sprague by its controlling shareholder, Hartree Partners, LP. Under terms of the acquisition, Sprague shareholders will receive $19.00 per unit in cash.According to Wolf Popper partner Carl Stine, "After the company caused the unit price to implode by lowering the cash distributions, it seems...

Wolf Popper LLP Investigates the Acquisition of Sprague Resources LP by Its Controlling Shareholder, Hartree Partners, LP

The energy company has agreed to be acquired. The stock did exactly what you would expect.

Why Sprague Resources Stock Rallied 20% at the Open Today

PORTSMOUTH, N.H., June 02, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today announced that it has entered into a definitive agreement and plan of merger (the “Agreement”) pursuant to which an affiliate of Hartree Partners, LP (“Hartree”) will acquire all of the outstanding common units of Sprague not already owned by Hartree and its affiliates (the “Common Units”). The Agreement follows the offer made by Hartree on January 11, 2022 to acquire the Common Units.

Sprague Resources Announces Agreement to be Acquired by Hartree Partners

On the surface, it appears that Sprague Resources saw a strong start to 2022, with their adjusted EBITDA for the first quarter seeing a very impressive 45% increase year-on-year. Although when digging deeper, this is not the case, with these results being materially boosted by unrealized gains that provided no tangible benefits.

Sprague Resources: The Worst Is Still Coming

Sprague Resources LP (NYSE:SRLP ) Q1 2022 Earnings Conference Call May 5, 2022 1:00 PM ET Company Participants David Glendon - Chief Executive Officer David Long - Chief Financial Officer Paul Scoff - Vice President and General Counsel Operator Ladies and gentlemen, thank you for standing by and welcome to the Sprague Resources First Quarter 2022 Earnings Conference Call. [Operator Instructions] Thank you.

Sprague Resources LP (SRLP) CEO David Glendon on Q1 2022 Results - Earnings Call Transcript

PORTSMOUTH, N.H., May 05, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the first quarter ended March 31, 2022.

Sprague Resources LP Reports First Quarter 2022 Results

Sprague Resources LP Announces Cash Distribution for the First Quarter of 2022 and Earnings Conference Call Schedule

Despite economic conditions improving, Sprague Resources was facing a liquidity crisis in late 2021.

Sprague Resources: Liquidity Crisis Amplifying With A Terrible First Quarter Inbound, Time To Sell

PORTSMOUTH, N.H., March 04, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague” or the “Partnership”) (NYSE: SRLP) has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission.

Sprague Resources LP 2021 Form 10-K Now Available

Sprague Resources LP's (SRLP) CEO David Glendon on Q4 2021 Results - Earnings Call Transcript

PORTSMOUTH, N.H., March 03, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the fourth quarter and twelve months ended December 31, 2021.

Sprague Resources LP Reports Fourth Quarter and Full Year 2021 Results

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Midstream/MLP M&A Update: Parent Buy-Ins and PE Exits

Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2021 and Earnings Conference Call Schedule

Sprague Resources (SRLP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Sprague Resources (SRLP) Soars 11.8%: Is Further Upside Left in the Stock?

PORTSMOUTH, N.H., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that it received an unsolicited non-binding proposal from Hartree Partners, LP (“Hartree”) dated January 11, 2022, pursuant to which Hartree would acquire all of the outstanding common units of Sprague (the “Common Units”) that Hartree and its affiliates do not already own in exchange for $16.50 in cash per Common Unit. Hartree and its affiliates hold approximately 74.5% of the outstanding Common Units of Sprague as of January 11, 2022.

Sprague Resources Announces Receipt of Proposal to Acquire All of its Outstanding Common Units

The beaten-down Sprague Resources reduced their distributions by 35% in 2021 but the bigger issue right now is their impending liquidity crisis. Due to the oil and refined products markets being in a backwardation structure, it has seen their underlying operating cash flow turning deep into the negative.

Sprague Resources: Impending Liquidity Crisis, Distributions Could Be Suspended

Sprague Resources cut its distribution recently. The company reported its third quarter results that came in below expectations.

Sprague Resources: 12.1% Yield But Risks Abound

Sprague Resources' (SRLP) CEO David Glendon on Q3 2021 Results - Earnings Call Transcript

PORTSMOUTH, N.H., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the third quarter ended September 30, 2021.

News for Sprague Resources Stock (SRLP)