Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2021 and Earnings Conference Call Schedule

Rhea-AI Summary

Sprague Resources LP has declared a cash distribution of $0.4338 per unit for Q4 2021, maintaining the same amount as the previous quarter. This equates to an annualized rate of $1.73 per unit. The distribution is scheduled for payment on February 9, 2022, to unitholders recorded by the close of business on February 4, 2022. Additionally, Sprague will release its audited financial results for both Q4 and the full year 2021 on March 3, 2022, followed by a conference call to discuss the results.

Sprague announces a cash distribution of $0.4338 per unit

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 Call
Sprague will release its fourth quarter and full year 2021 audited financial results before the opening of trading on the NYSE on Thursday, March 3, 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 conference ID 6455365. 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/sxewx9v4. 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 amount for Sprague Resources LP in February 2022?

Sprague Resources LP has declared a cash distribution of $0.4338 per unit for February 2022.

When will Sprague Resources LP release its Q4 2021 financial results?

Sprague Resources LP will release its Q4 2021 financial results on March 3, 2022.

What is the annualized cash distribution for Sprague Resources LP for 2021?

The annualized cash distribution for Sprague Resources LP for 2021 is $1.73 per unit.

When will Sprague Resources LP's distribution be paid to unitholders?

The distribution will be paid on February 9, 2022, to unitholders of record as of February 4, 2022.