Founded in 1870 as the Charles H. Sprague Company, Sprague Resources LP is one of the largest independent wholesale suppliers of energy and materials handling services in the Northeast. Sprague Resources LP offers an extensive range of liquid distillate (e.g., heating oil and diesel), gasoline and residual fuel products and services as well as competitive natural gas supply and materials handling capabilities. Sprague Resources LP's customers benefit from its extensive network of owned and operated terminals throughout the Northeast and the company’s investment in customized products and solutions. Sprague Resources LP offers a diversity of offerings that is unmatched in its service territories and it is constantly searching for ways to expand its capabilities.
Company profile
Ticker
SRLP
Exchange
Website
CEO
David C. Glendon
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Sprague Operating Resources LLC • Sprague Energy Solutions Inc. • Sprague Connecticut Properties LLC • Sprague Terminal Services LLC • Sprague Co-op Member LLC • Sprague Transport LLC • Sprague Energy LLC • Sprague Natural Gas LLC • Kildair Service ULC • Sprague Resources Canada ULC ...
IRS number
452637964
SRLP stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
14 Nov 22
25-NSE
Exchange delisting
1 Nov 22
SC 13E3/A
Going private transaction (amended)
1 Nov 22
8-K
Sprague Resources LP Announces Closing of Merger with Hartree Affiliate and Delisting of Its Common Units
1 Nov 22
8-K
Sprague Resources LP Announces Anticipated Closing Date of Merger with Hartree Affiliate and Intention to Delist Its Common Units
21 Oct 22
SC 13E3/A
Going private transaction (amended)
2 Sep 22
8-K
Entry into a Material Definitive Agreement
2 Sep 22
8-K
Sprague Resources LP Announces Amendment to Merger Agreement with Hartree Partners and New Anticipated Closing Timing
2 Sep 22
8-K
Sprague Resources LP Announces Anticipated Closing Date of Merger with Hartree Affiliate and Intention to Delist Its Common Units
19 Aug 22
10-Q
2022 Q2
Quarterly report
4 Aug 22
Transcripts
SRLP
Earnings call transcript
2022 Q1
9 May 22
SRLP
Earnings call transcript
2021 Q4
3 Mar 22
SRLP
Earnings call transcript
2021 Q3
6 Nov 21
SRLP
Earnings call transcript
2021 Q2
8 Aug 21
SRLP
Earnings call transcript
2021 Q1
8 May 21
SRLP
Earnings call transcript
2020 Q4
4 Mar 21
SRLP
Earnings call transcript
2020 Q3
7 Nov 20
SRLP
Earnings call transcript
2020 Q3
5 Nov 20
SRLP
Earnings call transcript
2020 Q2
6 Aug 20
SRLP
Earnings call transcript
2020 Q1
10 May 20
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.45 mm | 6.45 mm | 6.45 mm | 6.45 mm | 6.45 mm | 6.45 mm |
Cash burn (monthly) | (no burn) | 25.08 k | 14.94 mm | 6.88 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 549.22 k | 327.23 mm | 150.58 mm | n/a | n/a |
Cash remaining | n/a | 5.90 mm | -320.78 mm | -144.13 mm | n/a | n/a |
Runway (months of cash) | n/a | 235.2 | -21.5 | -21.0 | n/a | n/a |
Institutional ownership, Q3 2022
13F holders | Current |
---|---|
Total holders | 13 |
Opened positions | 3 |
Closed positions | 6 |
Increased positions | 4 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 4.47 bn |
Total shares | 41.95 mm |
Total puts | 500.00 |
Total calls | 300.00 |
Total put/call ratio | 1.7 |
Largest owners | Shares | Value |
---|---|---|
Hartree Bulk Storage | 19.55 mm | $0.00 |
Sprague HP | 19.55 mm | $383.35 mm |
HP Bulk Storage Manager | 2.09 mm | $0.00 |
Vivaldi Asset Management | 245.04 k | $4.86 mm |
JPM JPMorgan Chase & Co. | 198.66 k | $3.94 mm |
Arena Investors | 177.27 k | $3.52 bn |
Janney Montgomery Scott | 47.90 k | $950.00 k |
S. Muoio & Co. | 34.92 k | $693.00 k |
BNP Paribas Arbitrage | 28.09 k | $557.35 mm |
Beaton Management | 22.10 k | $438.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Nov 22 | Sprague HP | Common units representing limited partner interests | Buy | Acquire P | Yes | No | 20 | 6,689,383 | 133.79 mm | 19,548,849 |
1 Nov 22 | Thomas F. Flaherty | Common Units representing limited partner interests | Sale back to company | Dispose D | No | No | 20 | 41,991 | 839.82 k | 0 |
1 Nov 22 | Beth A. Bowman | Common Units representing limited partner interests | Sale back to company | Dispose D | No | No | 20 | 17,718 | 354.36 k | 0 |
1 Nov 22 | C Gregory Harper | Common Units representing limited partner interests | Sale back to company | Dispose D | No | No | 20 | 26,615 | 532.30 k | 0 |
1 Nov 22 | John A Shapiro | Common Units representing limited partner interests | Sale back to company | Dispose D | No | No | 20 | 2,764 | 55.28 k | 0 |