SRLP - Earnings announcements

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 distribution.   The announced distribution will be paid on Monday, October 31, 2022, to unitholders of record as of the close of business on Thursday, October 27, 2022. As announced and described in our Form 8-K filing with the Securities and Exchange Commission on June 2, 2022, Sprague, an

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 quarter of 2022, compared to adjusted gross margin of $38.8 million for the second quarter of 2021.Adjusted EBITDA* was $7.0 million for the second quarter of 2022

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.   The announced distribution will be paid on Wednesday, August 10, 2022, to unitholders of record as of the close of business on Friday, August 5, 2022. As announced and described in our Form 8-K filing with the Securities and Exchange Commission on June 2, 2022, Sprague, and its g

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 the first quarter of 2022, compared to adjusted gross margin of $106.2 million for the first quarter of 2021.Adjusted EBITDA* was $89.6 million for the first qua

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 distribution will be paid on Wednesday, May 11, 2022, to unitholders of record as of the close of business on May 6, 2022. Unaudited First Quarter 2022 Financial Results and Earnings Conference Call Sprague will release its first quarter 2022 unaudited financial results before the ope

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 $71.0 million for the fourth quarter of 2021, compared to $69.9 million for the fourth quarter of 2020.Adjusted EBITDA* was $27.5 million for the fourth quarter of 2021, compared

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 distribution amount. The announced distribution will be paid on Wednesday, February 9, 2022, to unitholders of record as of the close of business on February 4, 2022. Fourth Quarter and Audited Full Year 2021 Financial Results and Earnings Conference CallSprague will release its fourth

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 quarter of 2021, compared to adjusted gross margin of $56.6 million for the third quarter of 2020.Adjusted EBITDA* was $18.4 million for the third quarter of 2021, c

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 $0.6675 per unit. The reduction will provide approximately $25 million annually in direct cash flow to invest in accretive growth projects while significantly boosting Sprague's distribution coverage ratio. "We're seeing a range of attractive opportunities associated with the evol

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 quarter of 2021, compared to adjusted gross margin of $65.2 million for the second quarter of 2020.Adjusted EBITDA* was $3.0 million for the second quarter of 20

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 be paid on Monday, August 9, 2021, to unitholders of record as of the close of business on August 3, 2021. Unaudited Second Quarter 2021 Financial Results and Earnings Conference Call Sprague will release its second quarter 2021 unaudited financial results before the opening of t