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

Rhea-AI Summary

Sprague Resources LP (NYSE: SRLP) has declared a cash distribution of $0.4338 per unit for the quarter ending March 31, 2022, maintaining the same rate as the previous quarter. This annualizes to $1.73 per unit. The distribution will be paid on May 11, 2022, to unitholders of record by the close of business on May 6, 2022. Additionally, Sprague will report its first quarter 2022 financial results before NYSE trading on May 5, 2022, followed by a conference call at 1:00 p.m. ET.

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 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 opening of trading on the NYSE on Thursday, May 5, 2022, and will host a conference call that day at 1:00 p.m. Eastern time to discuss its financial results. Those interested in hearing the discussion can access the call by dialing (866) 516-2130 and using participation code 9865596. International callers may join by dialing (678) 509-7612. Participants can dial in up to 30 minutes prior to the start of the call. The conference call may also be accessed live by webcast link: https://edge.media-server.com/mmc/p/9kkqoeaz.

This link is also available on the "Investor Relations-Calendar of Events" page of Sprague's website at www.spragueenergy.com and will be archived on our website for one year. Certain non-GAAP financial information included in the earnings call will be available at the time of the call on the "Investor Relations – Featured Documents" section of Sprague’s website https://investors.spragueenergy.com.

Qualified Notice
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Sprague’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Sprague’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About Sprague Resources LP
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. The company also provides storage and handling services for a broad range of materials. More information concerning Sprague can be found at www.spragueenergy.com.

Investor Contact:
Paul Scoff
+1 800.225.1560
investorrelations@spragueenergy.com

FAQ

What is the cash distribution declared by Sprague Resources LP (SRLP) for Q1 2022?

Sprague Resources LP has declared a cash distribution of $0.4338 per unit for the quarter ending March 31, 2022.

When will Sprague Resources LP (SRLP) make the cash distribution payment?

The cash distribution will be paid on May 11, 2022, to unitholders of record as of May 6, 2022.

When will Sprague Resources LP (SRLP) release its Q1 2022 financial results?

Sprague Resources LP will release its first quarter 2022 financial results before trading on May 5, 2022.

What time is the earnings conference call for Sprague Resources LP (SRLP)?

The earnings conference call for Sprague Resources LP will take place at 1:00 p.m. ET on May 5, 2022.