Sprague Resources LP Provides Updated Guidance, Announces Cash Distribution for the Fourth Quarter of 2018 & Fourth Quarter Earnings Conference Call Schedule
Sprague Resources LP Common Units representing Limited Partner Interests (SRLP)
Last sprague resources lp common units representing limited partner interests earnings: 3/5 06:00 am
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US:NYSE Investor Relations:
spragueenergy.com/investor-relations
Company Research
Source: GlobeNewswire
PORTSMOUTH, N.H., Jan. 23, 2019 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague” or the “Partnership”) (NYSE: SRLP) today provided an update on adjusted EBITDA1 and distribution coverage ratio1 guidance for the fiscal year ended December 31, 2018, based on expected preliminary, unaudited financial results. The Partnership continues to work with its independent public accountants to complete the audit of its financial statements for the year ended December 31, 2018. As a result, the information herein is subject to change. “Sprague experienced headwinds in the fourth quarter, in both Refined Products and Natural Gas, generating lower adjusted EBITDA than our most recent guidance,” said David Glendon, President and Chief Executive Officer. “In Refined Products, warmer, late-year weather, a less supportive market structure, and limited blending opportunities led to the shortfall. Similarly, our Natural Gas business observed limited optimization opportunities and increased compe
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