Revenue Update on Sprague Resources LP(NYSE:SRLP)

Sprague Resources LP(NYSE:SRLP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $477.49M. Analysts estimated a revenue of $711.03M. Earnings per share were $-0.48. Analysts had estimated an EPS of $-0.21.

Sprague Resources LP (SRLP) shares turned negative on Wednesdays trading session with the shares closing down -0.48 points or -1.97% at a volume of 37,820. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.27. The peak price level was also seen at $24.27 while the days lowest was $23.6401. Finally the shares closed at $23.85. The 52-week high of the shares is $26 while the 52-week low is $15.5503. According to the latest information available, the market cap of the company is $508 M.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Paul A. Scoff (officer ) sold 1,250 shares at $23.67 per share price.Also, On Mar 25, 2015, Brian W. Weego (Vice President, Natural Gas) sold 2,500 shares at $25.50 per share price.

Sprague Resources LP (Sprague Resources) is engaged in the purchase storage distribution and sale of refined products and natural gas and provides storage and handling services for a range of materials. The Company operates through four segments: refined products natural gas materials handling and other operations. The Company’s refined products segment purchases a range of refined products such as heating oil diesel fuel residual fuel oil asphalt kerosene jet fuel and gasoline and sells them to its customers. The natural gas segment purchases sells and distributes natural gas to commercial and industrial customers primarily in the Northeast and Mid-Atlantic United States. The materials handling segment offloads stores and prepares for delivery a range of customer-owned products. The Company’s other operations consist primarily of coal marketing and distribution and commercial trucking. Sprague Resources’ product brands include HeatForce and RoadForce.

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