Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2020 and Earnings Conference Call Schedule

Rhea-AI Summary

Sprague Resources LP has announced a cash distribution of $0.6675 per unit for the fourth quarter of 2020, equating to an annualized $2.67 per unit. This distribution matches the amounts declared throughout 2020. The payment will be made on February 10, 2021, to unitholders of record as of February 2, 2021. Sprague will release its Fourth Quarter 2020 financial results on March 4, 2021, prior to market opening, followed by a conference call at 1:00 p.m. Eastern time to discuss the results.

Positive

• Declared cash distribution of $0.6675 per unit for Q4 2020.
• Distribution matches amounts declared in 2020.

Negative

• None.

Sprague announces a cash distribution of $0.6675 per unit

PORTSMOUTH, N.H., Jan. 22, 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 December 31, 2020. The fourth quarter distribution is equal to all other distribution amounts in 2020. The announced distribution will be paid on Wednesday, February 10, 2021, to unitholders of record as of the close of business on February 2, 2021.

Audited Fourth Quarter 2020 Financial Results and Earnings Conference Call
Sprague will release its Fourth quarter 2020 unaudited financial results before the opening of trading on the NYSE on Thursday, March 4, 2021 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 2794966. 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/qq3767mo. 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 per unit announced by Sprague Resources LP for Q4 2020?

Sprague Resources LP announced a cash distribution of $0.6675 per unit for the fourth quarter of 2020.

When will Sprague pay the cash distribution to unit holders?

The cash distribution will be paid on February 10, 2021, to unitholders of record as of February 2, 2021.

When will Sprague Resources LP release its fourth quarter 2020 financial results?

Sprague Resources LP will release its Fourth Quarter 2020 financial results on March 4, 2021.

What is the annualized cash distribution amount for Sprague Resources LP?

The annualized cash distribution amount for Sprague Resources LP is $2.67 per unit.

What time is the conference call for Sprague's Q4 2020 results?

The conference call for discussing Sprague's Q4 2020 results will be held at 1:00 p.m. Eastern time on March 4, 2021.