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

Rhea-AI Summary

Sprague Resources LP (NYSE: SRLP) announces a cash distribution of $0.6675 per unit for Q2 2021, maintaining its 2020 distribution level. The distribution will be paid on August 9, 2021 to unitholders of record as of August 3, 2021, equivalent to $2.67 per unit annually. Additionally, unaudited financial results for the second quarter will be released on August 5, 2021, followed by a conference call to discuss the results.

Positive

• Cash distribution maintained at $0.6675 per unit for Q2 2021, matching 2020 levels.
• Distribution indicates stable cash flow and investor returns.

Negative

• None.

Sprague announces a cash distribution of $0.6675 per unit

PORTSMOUTH, N.H., July 23, 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 June 30, 2021 and is equal to all distributions in 2020.

The announced distribution will be paid on Monday, August 9, 2021, to unitholders of record as of the close of business on August 3, 2021.

Unaudited Second Quarter 2021 Financial Results and Earnings Conference Call

Sprague will release its second quarter 2021 unaudited financial results before the opening of trading on the NYSE on Thursday, August 5, 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 5748269. 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/g5ide42a.

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 for SRLP in Q2 2021?

Sprague Resources LP declared a cash distribution of $0.6675 per unit for Q2 2021.

When will the cash distribution for SRLP be paid?

The cash distribution will be paid on August 9, 2021.

What is the annualized distribution amount for SRLP?

The annualized distribution amount for SRLP is $2.67 per unit.

When are Sprague Resources' Q2 2021 financial results being released?

The unaudited financial results for Q2 2021 will be released on August 5, 2021.