Sprague

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, NH, USMap
Websitespragueenergy.com
Employee Ratings3.2More
Overall CultureAMore
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Latest Updates

Employees (est.) (Dec 2019)665(-16%)
Revenue (FY, 2019)$3.5 B(-7%)
Share Price (Jan 2021)$21.5
Cybersecurity ratingDMore

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, NH, US (HQ)
185 International Dr
Bridgeport, CT, US
250 Eagles Nest Rd
Eatontown, NJ, US
2 Industrial Way W #300
Harrison, NY, US
440 Mamaroneck Ave
Washington, PA, US
1045 W Chestnut St
Westborough, MA, 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 (Q3, 2020)

390.5m

Gross profit (Q3, 2020)

65.8m

Gross profit margin (Q3, 2020), %

16.8%

Net income (Q3, 2020)

9.7m

EBIT (Q3, 2020)

20.8m

Market capitalization (15-Jan-2021)

494.3m

Closing stock price (15-Jan-2021)

21.5

Cash (30-Sept-2020)

11.4m

EV

1.2b
Sprague's current market capitalization is $494.3 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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

940.3m1.9b846.8m728.8m1.6b661.7m558.0m722.9m477.5m422.8m917.8m513.6m491.4m1.3b741.7m618.5m1.3b662.0m582.6m959.9m358.2m390.5m

Cost of goods sold

914.6m1.8b827.9m708.5m1.5b616.1m498.5m639.6m441.1m383.2m795.1m469.1m456.7m1.2b696.7m581.6m1.2b608.7m534.4m850.0m325.2m324.7m

Gross profit

25.7m123.9m18.9m20.3m108.0m45.7m59.5m83.3m36.4m39.6m122.7m44.6m34.7m147.2m45.0m36.8m99.2m53.4m48.2m109.9m33.0m65.8m

Gross profit Margin, %

3%7%2%3%7%7%11%12%8%9%13%9%7%11%6%6%8%8%8%11%9%17%
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Annual
USDY, 2012Y, 2013FY, 2013Y, 2014FY, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

3.7m2.0m998.0k4.1m4.1m31.0m31.0m2.7m6.8m7.5m5.4m

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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

800.05.2m1.2m385.0k21.6m9.2m15.0m8.3m11.2m3.4m14.5m3.6m3.2m5.6m8.6m18.6m6.5m6.1m6.9m9.6m3.7m11.4m

Accounts Receivable

284.2m153.2m153.5m342.2m164.1m139.7m167.8m117.1m133.3m196.5m119.3m144.4m281.5m184.2m190.8m274.8m160.9m158.7m181.2m107.2m112.7m

Prepaid Expenses

24.6m18.9m49.3m50.1m41.6m41.8m54.7m43.9m46.2m32.3m25.6m30.0m27.4m11.8m19.8m23.8m25.1m29.5m

Inventories

201.5m148.1m269.7m217.9m208.8m229.4m152.0m160.4m266.7m224.3m159.1m249.1m234.6m179.4m211.9m209.8m126.6m156.1m109.9m196.4m224.8m
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(27.5m)122.8m78.3m10.2m29.5m79.8m31.3m

Depreciation and Amortization

15.5m17.6m20.3m25.2m33.4m36.9m37.6m

Inventories

57.8m84.5m149.2m(77.2m)(12.2m)76.3m(33.7m)

Accounts Payable

(6.6m)7.2m(127.4m)47.7m71.5m8.1m(85.7m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

5.2m75.3m65.8m55.1m43.9m41.4m50.0m29.8m20.1m11.3m64.5m56.7m42.4m74.9m61.7m43.3m33.9m29.1m19.4m46.7m21.6m31.3m

Depreciation and Amortization

12.5m3.0m6.1m9.1m5.9m12.0m15.4m5.0m10.7m16.0m5.9m12.9m19.5m8.4m16.8m25.1m8.4m16.8m25.3m8.6m17.1m25.6m

Inventories

144.2m146.6m200.0m78.4m172.6m181.8m161.1m89.7m81.3m(25.1m)95.5m163.9m73.9m101.2m156.5m123.9m49.8m133.0m103.5m183.3m96.8m68.4m

Accounts Payable

(61.7m)(11.1m)(103.0m)(67.8m)(80.4m)(141.6m)(124.7m)(27.5m)(36.4m)(30.2m)(52.4m)(91.5m)(80.5m)(116.7m)(130.3m)(114.8m)(109.5m)(161.2m)(147.6m)(54.3m)(113.2m)(87.0m)
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Sprague Cybersecurity Score

Cybersecurity ratingPremium dataset

D

62/100

Learn more about our premium products
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Sprague Online and Social Media Presence

Sprague's Trends

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Sprague Company Culture

  • Overall Culture

    A

    86/100

  • CEO Rating

    A

    80/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Sprague News and Updates

January 22, 2021

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

Sprague announces a cash distribution of $0.6675 per unit Sprague announces a cash distribution of $0.6675 per unit
October 26, 2020

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

Sprague announces a cash distribution of $0.6675 per unit Sprague announces a cash distribution of $0.6675 per unit
August 06, 2020

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.
July 24, 2020

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

Sprague announces a cash distribution of $0.6675 per unit
June 04, 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…
May 30, 2020

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…
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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.