Sprague Resources LP Announces Closing of Merger with Hartree Affiliate and Delisting of Its Common Units 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 c...
Sprague Resources LP Announces Anticipated Closing Date of Merger with Hartree Affiliate and Intention to Delist 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”). T...
Sprague Resources LP Announces the Cash Distribution and Financial Results Release Date for the Third Quarter of 2022 Sprague announces a cash distribution of $0.4338 per unit PORTSMOUTH, N.H., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague” or the “Partnership”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.4338 per unit ($1.73 per unit on an annualized basis) for the quarter ended September 30, 2022, and is equal to the previous quarter’s distributi...
Sprague Resources LP Announces Amendment to Merger Agreement with Hartree Partners and New Anticipated Closing Timing 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”). Th...
Sprague Resources LP Announces Anticipated Closing Date of Merger with Hartree Affiliate and Intention to Delist Its Common Units PORTSMOUTH, N.H., Aug. 19, 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, by and among the Partnership, Sprague Resources GP LLC, and affiliates of Hartree Partners, LP (the “Purchaser”). The Partnersh...
Sprague Resources LP Reports Second Quarter 2022 Results 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. Second Quarter 2022 Highlights Net sales were $1,278.3 million for the second quarter of 2022, compared to net sales of $657.7 million for the second quarter of 2021.GAAP net loss was $45.3 million for the second quarter of 2022, compared to net loss of $45.6 million for the second quarter of 2021.Adjusted gross margin* was $51.1 million for the second q...
Sprague Resources LP Announces the Cash Distribution and Financial Results Release Date for the Second Quarter of 2022 Sprague announces a cash distribution of $0.4338 per unit PORTSMOUTH, N.H., July 25, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague” or the “Partnership”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.4338 per unit ($1.73 per unit on an annualized basis) for the quarter ended June 30, 2022, and is equal to the previous quarter’s distribution. ...
Sprague Resources Announces Agreement to be Acquired by Hartree Partners 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. The Agreement provides for a...
Sprague Resources LP Reports First Quarter 2022 Results 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. First Quarter 2022 Highlights Net sales were $1,813.3 million for the first quarter of 2022, compared to net sales of $1,036.1 million for the first quarter of 2021.GAAP net income was $17.9 million for the first quarter of 2022, compared to net income of $48.8 million for the first quarter of 2021.Adjusted gross margin* was $141.5 million for t...
Sprague Resources LP Announces Cash Distribution for the First Quarter of 2022 and Earnings Conference Call Schedule Sprague announces a cash distribution of $0.4338 per unit PORTSMOUTH, N.H., April 25, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.4338 per unit ($1.73 per unit on an annualized basis) for the quarter ended March 31, 2022, and is equal to the previous quarter’s distribution. The announced distri...
Sprague Resources LP 2021 Form 10-K Now Available 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. A copy of this Annual Report may be viewed and downloaded from the Investor Relations section of the Partnership’s website at /sec-filing. Unitholders may request a copy of the Partnership’s complete audited financial statements free of charge upon request by calling toll-free 1.800.225.156...
Sprague Resources LP Reports Fourth Quarter and Full Year 2021 Results 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. Fourth Quarter 2021 Highlights Net sales were $1,138.9 million for the fourth quarter of 2021, compared to $627.4 million for the fourth quarter of 2020.GAAP net income was $43.7 million for the fourth quarter of 2021, compared to net income of $2.5 million for the fourth quarter of 2020.Adjusted gross margin* was $71....
Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2021 and Earnings Conference Call Schedule Sprague announces a cash distribution of $0.4338 per unit PORTSMOUTH, N.H., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.4338 per unit ($1.73 per unit on an annualized basis) for the quarter ended December 31, 2021. The fourth quarter distribution is equal to the previous quarter distri...
Sprague Resources Announces Receipt of Proposal to Acquire All of its Outstanding Common Units 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 outst...
A director at Sprague Resources Lp bought 9,000 shares at 16.250USD and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
Sprague Resources LP Reports Third Quarter 2021 Results 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. Third Quarter 2021 Highlights Net sales were $665.5 million for the third quarter of 2021, compared to net sales of $390.5 million for the third quarter of 2020.GAAP net loss was $115.8 million for the third quarter of 2021, compared to net income of $9.7 million for the third quarter of 2020.Adjusted gross margin* was $57.9 million for the third quart...
Sprague Resources LP Announces Cash Distribution for the Third Quarter of 2021 and Earnings Conference Call Schedule Sprague announces a cash distribution of $0.4338 per unit PORTSMOUTH, N.H., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.4338 ($1.73 per unit on an annualized basis) for the quarter ended September 30, 2021. This represents a 35% reduction from the second quarter’s cash distribution of $...
Sprague Resources LP Reports Second Quarter 2021 Results PORTSMOUTH, N.H., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights Net sales were $657.7 million for the second quarter of 2021, compared to net sales of $358.2 million for the second quarter of 2020.GAAP net loss was $45.6 million for the second quarter of 2021, compared to net loss of $25.1 million for the second quarter of 2020.Adjusted gross margin* was $38.8 million for the second ...
Sprague Resources LP Announces Cash Distribution for the Second Quarter of 2021 and Earnings Conference Call Schedule Sprague announces a cash distribution of $0.6675 per unit PORTSMOUTH, N.H., July 23, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: 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 June 30, 2021 and is equal to all distributions in 2020. The announced distribution will ...
Hartree Partners Completes Purchase of Controlling Interest in Sprague Resources PORTSMOUTH, N.H., May 28, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (SRLP) (“Sprague”) and Hartree Partners, LP (“Hartree”) announced today that affiliates of Hartree have closed the purchase of the general partner interest, the incentive distribution rights and all of the common units representing limited partner interests (“Common Units”) that a subsidiary of Axel Johnson Inc. (“Axel Johnson”) had held in Sprague. The aggregate purchase price paid by Hartree to Axel Johnson was $290.0 million, consisti...
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