| Over a month ago | ||||
Reports Q4 revenue… Reports Q4 revenue $627.4M, one estimate $680.13M. | ||||
| Over a quarter ago | ||||
Reports Q3 revenue… Reports Q3 revenue $390.5M, consensus $328.24M. "Sprague's Adjusted EBITDA increased by 50% over last year as our extensive storage assets enabled us to capture attractive contango opportunities," said CEO David Glendon. "While demand destruction associated with the pandemic reduced volumes in transportation fuels, margins improved as the market structure resulted in gains in the value of our inventory. Natural Gas results declined as our commercial and industrial customers curtailed usage due to the pandemic and low volatility limited optimization opportunities. Materials Handling increased primarily due to incremental tank rentals at our Kildair facility." | ||||
Sprague Resources LP… Sprague Resources LP announced that Sprague Resources Holdings has withdrawn its previously announced non-binding proposal, dated March 25, to acquire all of the outstanding common units of Sprague that Holdings and certain of its affiliates do not already own. | ||||