OverviewSuggest Edit

Sprague is one of the largest independent suppliers of energy and materials handling services in the Northeast with products including home heating oil, diesel fuels, residual fuels, gasoline and natural gas. Coupled with its strong physical assets, Sprague provides differentiated products and services including value-added customer support and online tools that is unmatched.

TypePublic
Founded1870
HQPortsmouth, US
Websitespragueenergy.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2019)665(-16%)
Job Openings7
Revenue (FY, 2019)$3.5 B(-7%)
Share Price (Aug 2020)$16.2 (-3%)
Cybersecurity ratingCMore

Key People/Management at Sprague

Michael D. Milligan

Michael D. Milligan

Chairman
David C. Glendon

David C. Glendon

President and Chief Executive Officer, Director
C. Gregory Harper

C. Gregory Harper

Independent Director
Paul A. Scoff

Paul A. Scoff

VP, General Counsel, Chief Compliance Officer and Secretary
David C. Long

David C. Long

Chief Financial Officer
Ben J. Hennelly

Ben J. Hennelly

Independent Director
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Sprague Office Locations

Sprague has offices in Portsmouth, Bridgeport, Eatontown, Harrison and in 2 other locations
Portsmouth, US (HQ)
185 International Dr
Bridgeport, US
250 Eagles Nest Rd
Eatontown, US
2 Industrial Way W #300
Harrison, US
440 Mamaroneck Ave
Washington, US
1045 W Chestnut St
Westborough, US
1800 W Park Dr #320
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Sprague Financials and Metrics

Sprague Revenue

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Sprague's revenue was reported to be $3.50 b in FY, 2019
USD

Revenue (Q2, 2020)

358.2m

Gross profit (Q2, 2020)

33.0m

Gross profit margin (Q2, 2020), %

9.2%

Net income (Q2, 2020)

(25.1m)

EBIT (Q2, 2020)

(12.9m)

Market capitalization (7-Aug-2020)

371.1m

Closing stock price (7-Aug-2020)

16.2

Cash (30-Jun-2020)

3.7m

EV

1.1b
Sprague's current market capitalization is $371.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.6b5.1b3.5b2.4b2.9b3.8b3.5b

Revenue growth, %

10%(31%)(31%)

Cost of goods sold

4.5b4.8b3.2b2.2b2.6b3.4b3.2b

Gross profit

126.0m314.7m293.0m210.9m252.2m325.7m274.4m
Annual
usdY, 2012FY, 2013Y, 2013Y, 2014FY, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

3.7m998.0k2.0m4.1m4.1m31.0m31.0m2.7m6.8m7.5m5.4m

Accounts Receivable

240.8m240.8m289.4m289.4m160.8m160.8m222.0m316.6m269.9m281.5m

Prepaid Expenses

25.4m52.4m57.0m39.9m8.9m

Inventories

348.1m348.1m390.6m390.6m241.3m241.3m318.9m335.9m259.6m293.2m
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Sprague Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Sprague Online and Social Media Presence

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Sprague News and Updates

Sprague Resources LP Reports Second Quarter 2020 Results

PORTSMOUTH, N.H., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the second quarter ended June 30, 2020.

Sprague Resources Announces Withdrawal of Proposal to Acquire All of its Outstanding Common Units

PORTSMOUTH, N.H., June 04, 2020 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that Sprague Resources Holdings LLC (“Holdings”) has withdrawn its previously announced non-binding proposal, dated March 25, 2020, to acquire all of the outstanding common units of Sp…

Proposed Settlement with United States and Massachusetts Will Help Reduce Air Pollution from Sprague Resources Heated Petroleum Storage Facilities Across New England

BOSTON – Under a proposed settlement with the United States and the Commonwealth of Massachusetts, Sprague Resources LP will take steps to limit emissions of volatile organic compounds (VOCs) from oil storage tanks at seven facilities across New England. The terms of the proposed settlement are desi…

Sprague Resources LP Announces Signing of $1.18 Billion Senior Secured Amended and Restated Credit Facility

PORTSMOUTH, N.H., May 21, 2020 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP), the parent company of Sprague Operating Resources LLC and Kildair Service ULC (the “Borrowers”), announced today the signing of a second amended and restated senior secured credit agreement with MUFG …

Sprague Resources Announces Receipt of Proposal to Acquire All of its Outstanding Common Units

PORTSMOUTH, N.H., March 27, 2020 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that it received an unsolicited non-binding proposal from Sprague Resources Holdings LLC (“Holdings”) dated March 25, 2020, pursuant to which Holdings would acquire all of the outstan…
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Sprague Frequently Asked Questions

  • When was Sprague founded?

    Sprague was founded in 1870.

  • Who are Sprague key executives?

    Sprague's key executives are Michael D. Milligan, David C. Glendon and C. Gregory Harper.

  • How many employees does Sprague have?

    Sprague has 665 employees.

  • What is Sprague revenue?

    Latest Sprague annual revenue is $3.5 b.

  • What is Sprague revenue per employee?

    Latest Sprague revenue per employee is $5.3 m.

  • Who are Sprague competitors?

    Competitors of Sprague include Igas Energy, Ophir Energy and Sanchez Energy.

  • Where is Sprague headquarters?

    Sprague headquarters is located at 185 International Dr, Portsmouth.

  • Where are Sprague offices?

    Sprague has offices in Portsmouth, Bridgeport, Eatontown, Harrison and in 2 other locations.

  • How many offices does Sprague have?

    Sprague has 6 offices.